Precision Business Insights published a research report on “Global Phosphine Fumigants Market: By Fumigant Type (Calcium Phosphide, Aluminum Phosphate, Magnesium Phosphide, Others), By Crop Type (Fruits and Vegetables, Cereals and Grains, Others), By Formulation (Liquid Formulation, Solid Formulation), By Application (Warehouses, Raw Agricultural Commodities, Stored Processed Food, Others), and Geography– Global/Region/Country Forecast to 2027″, Global Phosphine Fumigants Market was valued at USD 590 million in 2020 and is anticipated to grow at USD 787 million till 2027 recording a CAGR of 4.2% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on ” Global Phosphine Fumigants Market: By Fumigant Type (Calcium Phosphide, Aluminum Phosphate, Magnesium Phosphide, Others), By Crop Type (Fruits and Vegetables, Cereals and Grains, Others), By Formulation (Liquid Formulation, Solid Formulation), By Application (Warehouses, Raw Agricultural Commodities, Stored Processed Food, Others), and Geography– Global/Region/Country Forecast to 2027″,
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Growing Awareness about Novel Fumigation Technologies will Boost the Phosphine Fumigants Market:
Fumigation greatly helps to control the pest growth. In fumigation process, a complete area is filled with fumigants to poison the pests. Fumigation process uses Phosphine fumigants to control the insect, rabbit as well as rodent infestation in the stored grains. Stored grains are protected from insects through Phosphine fumigants without moving the grains. It is the huge benefit of using Phosphine fumigants, calcium phosphides, magnesium and aluminum are the most frequently used Phosphine fumigants. They are also used in warehouses, processed food and agriculture commodities too. Phosphine has the potent to remove all life cycle stages of insects.
Phosphine fumigation releases phosphine gas to kill insecticides. Low cost of Phosphine fumigants, growing awareness about new fumigation technologies, increasing insects in agriculture crops because of climatic changes and phasing out of methyl bromide fumigants are projected to drive the market during the forecast period 2021-2027. In addition, there are a few factors that are projected to enhance the revenue share in the market such as increasing inclination towards improving the crop yield, growing research and development activities to bring new products into the market and increasing focus on post-harvest and processing loss. On the other hand, evaporative nature of the products, strict regulatory rules for the approval of the product and adverse effects related to Phosphine fumigants are evaluated to hinder the Phosphine fumigants market growth.
Impact of COVID-19 on Phosphine Fumigants Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
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Phosphine Fumigants Market – Geographical Analysis:
Phosphine Fumigants market is categorized into different major regions such as North America, Europe, Asia Pacific, Africa, Latin America and Middle East. Phosphine fumigants market in North America is driven increasing inclination for food safety, growing awareness about modern techniques in fumigation and huge agricultural product like vegetables and fruits. Europe is experiencing profitable growth owing to changing agricultural practices, food safety concerns and huge rise in the production and storage of agricultural products like grains and cereals. Asia Pacific region is anticipated to witness huge CAGR rate due to the increasing food consumption, growing trading of agricultural products mainly in China and huge dependence on agriculture farming.
Competition Assessment:
Some of the major players operating in Phosphine Fumigants Market include BASF SE (Germany), ADAMA agricultural solution ltd. (Israel), Ikeda Kogyo Co. Ltd. (Japan), Degesch America Inc. (U.S.), Cytec Solvay Group (U.S.), Nufarm Limited (Australia), United Phosphorus Ltd. (U.S.) and Rentokil Initial Plc (U.K.)
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