Rising Awareness About Higher Pesticides to Boost Phosphine Fumigation Market Tremendously
The worldwide Phosphine Fumigation Market is set to thrive and flourish from USD 649.3 Million in 2021 to USD 988.4 Million in 2028 growing at a Compound Annual Growth Rate (CAGR) of 5.4%. Phosphine Fumigation is a simple treatment to eliminate pests and insects from products that are sold in bulk. It is an inexpensive alternative to herbal remedies. Fumigation works to control insect repellent products (SPIs) such as insects, beetles, worms, and moths. Phosphine is used in many food products such as cereals, dried fruits, rice, nuts, cork, and coffee beans. It removes all stages of the insect life cycle. It has the advantages of being non-polluting and does not leave residues of pesticides.
Factors such as the growing demand for aluminum phosphide instead of methyl bromide fumigants increased awareness about advanced methods of spraying technology, and higher pesticides due to climate change are expected to further market growth. Demand for aluminum phosphide is growing rapidly due to the growing agrochemical industry. High agricultural production has led to an increase in warehouses, which has increased the demand for aluminum phosphide. This is used as an alternative to methyl bromide as it is less expensive. Warehouses are used to store food grains, this is one of the main reasons for the use of phosphine oils, as they increase the storage capacity of agricultural products. There are certain barriers and challenges one faces that hamper market growth. The imposition of many new restrictions on phosphine fumigants and strict regulatory requirements in all regions are factors that hinder the market for phosphine fumigants.
The market for Phosphine Fumigation , based on species, is divided into aluminum phosphide, magnesium phosphide, calcium phosphide, and others. The proportion of aluminum phosphide is expected to grow at a very high CAGR during the forecast period. It is the increase in agricultural production that has led to an increase in warehouses, which has increased the demand and use of aluminum phosphide to protect stored agricultural production. The market for Phosphine Fumigation , based on its use, is divided into processed foods, raw agricultural materials, warehouses, and more. Warehouses are often used to store grain or food that is easily infested by insects and this is one of the main reasons for the use of phosphine oil which has made warehouse parts one of the fastest-growing parts in the Phosphine Fumigation industry. Based on form, the solid sector is expected to grow with the highest CAGR. Solid spraying is done by spraying pills, powders, or pellets on a limited amount of spray material.
Based on regional analysis, the greatest share in the market will be managed by North America. Factors such as technological advances in conservation and agriculture and high demand for high-quality plants drive the Phosphine Fumigation Market in Europe. Growth in the region is due to advances in grain production with the development of storage technologies in warehouses and new inventions for improved agricultural technology in terms of efficiency. Apart from these two, the global phosphine fumigants market covers Asia Pacific, Latin America, the Middle East & Africa.
Key stakeholders operating in the Phosphine Fumigants Market include United Phosphorus Ltd. (U.S.), Cytec Solvay Group (U.S.), Degesch America, Inc. (U.S)., Nufarm Limited (Australia), Adama Agricultural Solutions Ltd. (Israel), Agrosynth chemicals limited (India), Excel Crop Care Limited (India), Nippon chemical industrial Co. Ltd. (Japan), Royal agro organic Pvt. Ltd. (India), and National Fumigant (South Africa).
Browse the full Report - Phosphine Fumigation Market by Type (Aluminum phosphide, Magnesium phosphide, Calcium phosphide, Others), by Application (Stored processed food, Raw agricultural commodities, Warehouses, Others), by Form (Liquid, Solid), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)