Global Phosphine Fumigation Market
Global Phosphine Fumigation Market
By Form(Solid, Liquid), By Type (Magnesium Phosphide, Aluminum Phosphide, Calcium Phosphide), By Application (Raw Agricultural Commodities, Stored Processed Food, Warehouse), By Region (North America, Asia Pacific, Europe, Rest of World).
The Global Phosphine Fumigation Market was valued at USD 480.50 million in 2016 and is projected to reach USD 765.46 million by 2025, growing at a CAGR of 5.31% from 2017 to 2025.
The demand for aluminum phosphide is increasing rapidly due to the growing agrochemical industry. High agriculture production has led to increase of warehouse facilities, which has increased the demand for aluminum phosphide. This is used as an alternative for methyl bromide as it is less costly. Warehouses are used to store food grains, this is one of the main reasons for the usage of phosphine fumigants, as they are building more and more warehouses for storage of agricultural products.
1. Market Drivers
1.1 Removing Methyl Bromide Fumigants.
1.2 High rise in insect population due to climate changes.
2. Market Restraints
2.1 Many New Restrictions on Phosphine Fumigants.
2.2 Strict rules and regulations across regions.
The Global Phosphine Fumigation Marketis segmented on thebasis of Form, Type, Application and Region.
1. By Form:
2. By Type:
2.1 Magnesium Phosphide
2.2 Aluminum Phosphide
2.3 Calcium Phosphide
3. By Application:
3.1 Raw Agricultural Commodities
3.2 Stored Processed Food
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Rest of World.
The major players in the market are as follows:
1. ADAMA Agricultural Solutions Ltd
2. United Phosphorus Ltd. (UPL)
3. Degesch America Inc. (DAI)
4. Royal Agro Organic Pvt. Ltd
5. National Fumigants (Pty) Ltd.
6. Cytec Solvay Group
7. Nufarm Limited
8. Excel Crop Care Limited
9. Agrosynth Chemical Limited
10. Nippon Chemical Industrial Co., Ltd
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Phosphine Fumigation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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