Market: Overview

Phosphine Fumigation Market is cherished to exhibit a convincing upswing of a CAGR of 5.4% during the forecasted period of 2023 to 2032. The Phosphine Fumigation Market was valued at USD 649.3 million in 2022 is estimated to display a significant development of USD 988.4 million by 2033.

Phosphine fumigation is a very cost efficient and simple way of disinfestation of insects and pests in bulk commodities. This chemical compound can also be used as curative pest control solution. The fumigation proves effective when applied for bulk quantity of insects such as beetles, weevils, mites, and moths.

The insects infest the grain in bulk quantities such as cocoa, rice, nuts, animal feed and raw material used in food and feed manufacture. The phosphine fumigation is a universally accepted treatment for disinfestation and it removes the life cycle stages of the insect.

With technological advancement and rising availability of mode of application the phosphine fumigation market is gradually holding the grip of fast growth. Constant change in climate is spoiling the stored food grains which is a boosting factor for phosphine fumigation market. Grains does not require fumigation for the initial first year. However, in-case the grains need to be exported then they require to undergo a fumigation process due to humidity present in the ware house.

One of the driving factors of the fumigation is due to its potential to penetrate every grain to avoid from decaying. Nevertheless, due to stringent rules and policies of the government on the use of phosphine is expected to drain the market. However, with the expansion of agro-industries in developing countries it is expected to create growth opportunities for the market.

Phosphine Fumigation Market: Key Trends

Persistent environmental crisis propelling growth of Phosphine Fumigation

Rising environmental crisis is increasing the population of insects which is anticipated to augment the growth of the market. Due to constant changes in climate the crop production and the stored grains are highly impacted. With drastic increase temperature and carbon dioxide levels, the planet is expected to heat up-to a crucial limit by 2030.

Temperature plays a vital role in farming. In case of unseasonal rains and storms the crops get rotten or damaged. The crops start worming rapidly spoiling the whole yield. In addition to this, increased global warming is another trigger for expansion of invasive worms.

Moreover, the global environmental crisis aggravates the pest issues and there is a great requirement to implement insect management strategies such as monitoring the climate and controlling the pest population trough varied fumigation process.

With use of advanced technology in application mode of fumigation has led to market progression. Technological advancement in the field of agriculture has boosted the market growth.

The different modes of application have brought a change in the yield production. This advancement has modified the ways of application of fumigation and as a result the yield is worm free and of better quality. With the invasion of Covid- 19 pandemic and related confinement bars the world-wide businesses were drastically affected.

The initial wave of Covid-19 caused an unprecedented contraction in economic activity and a collapse of overall logistics that brought the supply chain to standstill. As a result, there was need to restore a heap of stack and its maintenance. Hence there was need for deworming the stacks. This affected the market positively.

Phosphine Fumigation Market: Segmentation Analysis

Phosphine Fumigation Market Key Players:

Some of the prominent players include

BASF SE

Dow

DuPont

Bayer AG

VanDeMark Chemical Inc.

Wanhua.

Vertellus

Atul Ltd

Paushak Ltd.

UPL

PMC ISOCHEM

H & H Products Ltd

JH-products

PPG Industries

Farlex

Covestro AG

Tosoh Corporation

Mitsui Chemicals

Huntsman Corporation

Phosphine Fumigation Market by Product type:

The market is segmented into

·         Aluminium Phosphide

·         Magnesium Phosphide

·         Calcium Phosphide

Of all types, Aluminium Phosphide market is expected to rule the market owing to the growth of agrochemical market and its cost effectiveness.

Phosphine Fumigation Market by Application:

On the basis of application, the market is segmented into

·        Raw agricultural commodities

·        Warehouse

·        Stored processed food

Among all categories, the Warehouse segment is expected to hold a key share of the market. Warehouses are used to store food grains and raw materials for longer time till export which are susceptible to insect infestation. Phosphine fumigation helps control the infestation of the insects stored in airtight structures as metal silos, brick silos, and barrels etc. that can be sealed.

Phosphine Fumigation Market by Form:

Based on the form the Phosphine Fumigation Market is subdivided in to

·        Liquid

·        Solid

Of which, the Solid segment is anticipated to reach at a significant level during the forecasted period.

Phosphine Fumigation Market: Regional Analysis

Based on the geographical view, the market occupies regions as North America, Europe, Asia-Pacific, South America, and Middle-East and Africa North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America dominated the market in 2021 and continue to do the same during the forecasted period. This is due to the prevalence of several harvest protection chemical manufacturers in the region. Following North America, Europe is likely to witness substantial growth due to growing agricultural industries along with suitable climatic conditions.

Phosphine Fumigation Market: Competitive Landscape

The key trend of merger and acquisitions in Phosphine Fumigation Market are developing is the key strategy adopted by major companies. The Phosphine Fumigation Market is a highly competitive market due to the presence of multiple regional and multinational markets with wide range of products.

Some of the prominent players are Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US), and others.

Report Scope:

• Phosphine Fumigation Market Forecast Years: 2023-2032

• Phosphine Fumigation Market Historical Years: 2020-21

• Phosphine Fumigation Market: USD 649.3 million

• Phosphine Fumigation Projected Market 2033: USD 988.4 million

• Phosphine Fumigation Market CAGR: 5.4%

• Key Segments: Types, Forms, Applications, and Region

• Key Regions & Countries: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.