- Press Release -

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.

Relative high research & development to introduce newer products with odourless and low toxic gas emissions for residential purposes is predicted to play a vital role in shaping market growth. Further, increase in demand from the agricultural industry and grain storage facilities for pest control applications has positively influenced the production of fumigation products across the globe and is anticipated to follow the same market trend in near future.

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.

“Versatility of fumigation products is predicted to create sufficient opportunities that will aid market growth over the coming years.” opines a Fact.MR analyst

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.

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).

About the Chemical and Material Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: Yash@factmr.com