Phosphine Fumigation Market is cherished to exhibit a convincing upswing of a CAGR of 5.4% during the forecasted period of 2022 to 2028. The Phosphine Fumigation Market was valued at USD 649.3 million in 2021 is estimated to display a significant development of USD 988.4 million by 2030.
Phosphine fumigation is a simple and inexpensive way to get rid of insects and pests in bulk commodities. It can also be used as a treatment for pest management. Targeting stored product insects (SPIs) such beetles, weevils, mites, and moths with fumigation is beneficial. SPIs can infest grains and bulk commodities like cocoa, rice, nuts, animal feed, and raw materials needed to make food and feed. Most bulk foods, such as cereals, grains, dried fruit, nuts, rice, cocoa, and coffee beans, are treated with phosphorus. It kills all phases of the insect life cycle. It has the advantages of not tainting the environment and leaving no pesticide residues.
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Global Phosphine Fumigation Market- Segmental Analysis
based on Product type:
The market is segmented into two types as Aluminium Phosphide, Magnesium Phosphide, and Calcium Phosphide. Of all types, Aluminium Phosphide market is expected to rule the market owing to the growth of agrochemical market and its cost effectiveness.
by Application:
On the basis of application, the market is segmented into Raw agricultural commodities, Warehouse, and Stored processed food. Among all categories, the Warehouse segment is expected to hold a key share of the market. Warehouses are used to store food grains and raw materials for longer time till export which are susceptible to insect infestation. Phosphine fumigation helps control the infestation of the insects stored in airtight structures as metal silos, brick silos, and barrels etc. that can be sealed.
by Form:
Based on the form the Phosphine Fumigation Market is subdivided in to Liquid and Solid. Of which, the Solid segment is anticipated to reach at a significant level during the forecasted period.
- Liquid
- Solid
Competitive Landscape
The key trend of merger and acquisitions in Phosphine Fumigation Market are developing is the key strategy adopted by major companies. The Phosphine Fumigation Market is a highly competitive market due to the presence of multiple regional and multinational markets with wide range of products. Some of the prominent players are Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US), and others.
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