Phosphine Fumigation Market Trends and Segments Forecast To 2029

According to Precision Business Insights (PBI), the latest report, the phosphine fumigation market was valued at USD 683.8 million in 2022 and is expected to grow at a 5.5% CAGR from 2023 to 2029. The primary drivers of the expansion of the global phosphine fumigation market include the increasing insects in agriculture due to climatic changes. In addition, increasing demand for high quality food is expected to fuel the growth of phosphine fumigations market.

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Aluminum Phosphide Segment is expected to Dominate the Phosphine Fumigation Market:
Based on the fumigant type, the global Phosphine Fumigation market is segmented into Calcium Phosphide, Aluminum Phosphide, Magnesium Phosphide, Others. The aluminium phosphide segment is expected to account for a larger revenue share in the global phosphine fumigation market. The aluminium phosphide is used as an alternative to methyl bromide fumigant and is comparatively less costly than methyl bromide. The growing agrochemical industry is expected to increase the demand for aluminium phosphide over the forecast period. furthermore, the increased agriculture production has resulted in increasing warehousing facilities which has propelled the demand and usage of aluminium phosphide market over the past decades.

North America Phosphine Fumigation Market:
The North America phosphine fumigation market is expected to increase over the forecast period due to the increasing use of Phosphine Fumigation to protect stored grains against the infestation of insect pests in this region. In addition, factors like increasing production of cereals and grains, technological advancements in storage and farming and growing demand for high-quality crops in US and Canada are expected to propel the growth of phosphine fumigation market in this region over the forecast period. Europe region is expected to have a significant growth followed by Asia Pacific region over the forecast period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Phosphine Fumigation market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2021, FMC Corporation Announces Long-Term Collaboration with UPL Ltd. for Rynaxypyr Active Ingredient.
The Phosphine Fumigation market is segmented based on fumigant type crop type, formulation, application, and geography.

Based on the fumigant type, the market is segmented into the following:
• Calcium Phosphide
• Aluminum Phosphate
• Magnesium Phosphide
• Others

Based on the crop type, the market is segmented into the following:
• Fruits & Vegetables
• Cereals & Grains
• Others

Based on the formulation, the market is segmented into the following:
• Solid
• Liquid

Based on the application, the market is segmented into the following:

• Warehouses
• Raw Agricultural Commodities
• Stored Processed Food
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the Phosphine Fumigation market report are United Phosphorus Ltd., Cytec Solvay Group, Degesch America Inc., Nufarm Limited, ADAMA Agricultural Solutions Ltd., Agrosynth chemicals ltd., Excel Crop Care Limited, Nippon chemical industrial Co. Ltd, Royal Agro organic Pvt. Ltd., Rentokil Initial Plc, BASF SE.

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This release was published on openPR.