The phosphine fumigation market is projected to reach USD 698.0 million by 2022 at a CAGR of 5.49% from 2017. The market is driven by 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. There is high growth potential in developing markets such as China and India, which provides new development opportunities for market players.
The aluminum phosphide segment is projected to grow at the second highest CAGR from 2017 to 2022. The aluminum phosphide segment is projected to grow at the highest CAGR during the forecast period. It is used as an alternative for methyl bromide fumigant and is comparatively less costly than methyl bromide. The demand for aluminum phosphide is projected to increase owing to the rapidly growing agrochemical industry. Furthermore, the increased agriculture production has led to increased warehousing facilities, which has fueled the demand and usage of aluminum phosphide to protect the stored agriculture produce.
Warehouses are generally used to store food grains or processed food which is highly susceptible to insect infestations and 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 segment in the agricultural phosphine fumigation industry. The warehouse segment in the phosphine fumigation market is projected to grow at the highest CAGR from 2017 to 2022.
- Adama Agricultural Solutions Ltd.
- BASF SE
- Cytec Solvay Group
- Degesch America Inc. (DAI)
- Ikeda Kogyo Co. Ltd.
- Industrial Fumigant Company LLC
- Kenvos Biotech Co. Ltd.
- Nippon Chemical Industrial Co., Ltd
- Rentokil Initial PLC
- United Phosphorus Ltd. (UPL)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Phosphine Fumigation Market, By Type
7 Phosphine Fumigation Market, By Application
8 Phosphine Fumigation Market, By Form
9 Phosphine Fumigation Market, By Region
10 Competitive Landscape
11 Company Profiles
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