The global phosphine fumigation market has grown exponentially in the last few years. The market size is projected to reach USD 684.19 Million by 2022, at a CAGR of around 5.46% from 2017. Factors such as increase in awareness about advanced modes of application of fumigation technology, increasing insect population due to climatic changes, and phasing out of methyl bromide fumigants are expected to drive the market growth. There is high growth potential in developing markets such as Brazil and India, which provides new development opportunities for market players.
Aluminum phosphide is projected to be the fastest-growing segment, by type, from 2017 to 2022
Aluminum phosphide is the fastest-growing segment, as it is used as an alternative for methyl bromide fumigants and is comparatively less costly. The demand for aluminum phosphide is projected to increase owing to the rapidly growing agrochemical industry. North America dominated the phosphine fumigation market in 2016.
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Warehouse segment projected to depict high potential for the phosphine fumigation market
Warehouses segment is estimated to grow with the highest CAGR from 2017 to 2022. Warehouses are generally used to store food grains or processed food which is highly susceptible to insect infestations. This is one of the main reasons for the usage of phosphine fumigants, which has led to warehouse segments being one of the fastest growing segments in the phosphine fumigation industry.
Europe expected to show growth potential in the phosphine fumigation market
The Europe is one of the key region for the phosphine fumigation market. The technological advancements in storage and farming, as well as increase in the production of cereals and grains drives the growth of European phosphine fumigation market. Countries in this region are focusing on sustainable agriculture to meet the demand for high-quality crops.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These leading companies include Cytec Solvay Group (U.S.), United Phosphorus Ltd. (U.S.), Nufarm Limited (Australia), and Degesch America, Inc. (U.S).
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Target Audience:
The stakeholders for the report include:
- Government and research organizations
- Associations and industrial bodies
- Traders, distributors, and retailers
- Agriculture & farming industry
- Phosphine manufacturers and suppliers
- Regulatory institutions
- Food safety agencies
- Pesticide traders/suppliers
- Agricultural institutes and universities
