Press release
Fumigation Products Market Sales Revenue To Cross Us$ 1.2 Bn By 2022 - 2031
Fact.MR predicts the global sales of fumigation products are expected to surpass US$ 1.2 Bn by registering a CAGR of 4% in the forecast period 2022-2032. Fumigation products are highly toxic in nature. These chemicals have the tendency to eliminate pests from hard-to-reach places. As fumigation products are highly utilized for eliminating nematodes, fungi, bacteria and other pests, which are very hard to find and remove, the demand for the same has increased from different end user industries.Historically, from 2017 to 2021, sales of fumigation products exceeded US$ 810 Mn by the end of the aforementioned period. The onset of COVID-19 pandemic restricted movement across the globe for various industries. Thus, the demand for fumigation products dropped in the initial quarter of the pandemic. As the demand for eating healthy has escalated, demand from the agriculture industry for fumigation products is expected to escalate.
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Key Segments Covered in the Fumigation Products Industry Report
By Form
Solid Fumigation Products
Liquid Fumigation Products
Gas Fumigation Products
Treatment Method
Magnesium Phosphide Fumigation Products
Aluminium Phosphide Fumigation Products
Sulfuryl FluorideFumigation Products
Carbon Dioxide (CO2) Fumigation Products
Others
End User
Residential Fumigation Products
Agricultural Fumigation Products
Warehouses/ Storage Fumigation Products
Others
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Key Takeaways from the Market Study
By application, agriculture industry expected to hold more than 35% market share for fumigation products market.
By form, gaseous pesticide expected to hold more than 38% market share for fumigation products market.
Fumigation products industry expected to register a CAGR of 3% throughout North America.
Fumigation products industry expected to possess nearly 45% market share throughout Asia Pacific.
Competitive Landscape
In November 2021, Detia Degesch GmbH announced the increase in the prices for aluminium and magnesium phosphide products. The company has taken this step as the prices of raw materials have increased.
Rentokil Initial plc, Solvay S.A., Detia Degesch GmbH, Industrial Fumigant Company LLC, Royal Agro Organic Pvt. Ltd, UPI-USA, National Fumigants, Corteva Agriscience, JAFFER Group of Companies, AMVAC Chemical Corporation are prominent fumigation products market players.
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global fumigation products market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study indulges essential insights on the market on the basis of form (solid, liquid and gas), treatment method (magnesium phosphide, aluminium phosphide, sulfuryl fluoride, carbon dioxide (CO2) and others) and end user (residential, agricultural, warehouses/storage and others) across five major regions (North America, Latin America, Europe, Asia Pacific and MEA).
Source - https://www.factmr.com/report/fumigation-products-market
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