Phosphine Fumigation Market Latest Comprehensive Study by Vantage Market Research
Global Phosphine Fumigation Market is valued at USD 649.3 Million in 2021 and estimated to reach a value of USD 988.4 Million by 2028 at a CAGR of 5.4% during the forecast period, 2022–2028. Fumigation with phosphine is an effective, rapid, and economic treatment for all commodities, whether they are in bulk storage or containerized. It is the method of choice for the elimination of live insects without causing damage to foodstuffs or their packaging. Phosphine Fumigation has the advantages that it rapidly produces high concentrations (> 100 ppm) of phosphine in most commercial premises which kills insect pests very quickly (within 30 minutes).
Market Summary:
Phosphine Fumigation technology is used to reduce pests such as moths, beetles, weevils, mites from processed and raw materials. In addition, fumigation pest control has lots of potentials to act on all insects and it can pierce each and every corner of the area that needs to be fumigated. Therefore, it is responsible for augmenting the high growth of the Phosphine Fumigation Market in past few years. Furthermore, various advancement in the usage methodology of fumigation technology is bolstering the growth of the Phosphine Fumigation Market in upcoming years. On the other side, stringent regulations imposed in various countries are hindering the growth of the Phosphine Fumigation Market. Whereas, increasing agrochemical industry is expected to provide various growth opportunities in the development of the Phosphine Fumigation Market in the coming years.
Why Demand for Phosphine Fumigation is Increasing?
Phosphine gas is used worldwide in the grain and food industry. The increased use of Phosphine Fumigation has been driven by:
- Growing problems with the resistance of stored product insects to traditional insecticides and high market value of grains and foods.
- Regulatory treatments for pest-free areas where no processing equipment is available and canning or heat treatment cannot be applied.
- A new generation of products that provide higher levels of safety than traditional formulations, such as aluminum phosphide (AlP) tablets that do not require special handling, equipment, or knowledge for safe application
Key Players:
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) are some of the key players in the Phosphine Fumigation Market.
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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