Fumigant Products Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of the Fumigant Products Market
The Fumigant Products Market size was valued at USD 4.87 billion in 2022, and the market is now projected to grow from USD 5.13 billion in 2023 to USD 7.66 billion by 2030, exhibiting a CAGR of 5.89% during the forecast period of 2023-2030.
The COVID-19 pandemic impacted the Fumigant Products Market growth by way of disturbing delivery chains and causing hard work shortages, which resulted in delays in manufacturing and distribution. However, the marketplace saw sustained demand due to the Important nature of fumigants in agriculture and pest management. Increased attention to cleanliness and sanitation during the pandemic additionally raised the usage of fumigant merchandise in households and industrial settings.
Key driving elements in the fumigant products marketplace consist of the rising worldwide population and the corresponding call for extended agricultural productivity. They want to protect plants from pests and diseases to minimize put-up-harvest losses in addition to propelling market boom. Additionally, stringent authority guidelines on food safety and the rising consciousness of the importance of pest manipulation in preserving public health drive the adoption of fumigant products. This increased the Fumigant Products Market share
Additionally, recent trends in the fumigant products market consist of a move in the way of eco-friendly and sustainable fumigants because of developing environmental worries and regulatory pressures. There is likewise a rising adoption of integrated pest control (IPM) practices that use chemical fumigants with organic control techniques. Technological improvements in fumigation techniques and devices, such as automated fumigation structures and precision software strategies, are enhancing efficiency and protection.
Comprehensive Analysis of the Fumigant Products Market
The fumigant products marketplace is segmented through product type, application, and region. By product type, it consists of methyl bromide, phosphine, chloropicrin, and others. Application segmentation covers agriculture, storage facilities, residential, and business sectors. Regional segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, each showing awesome marketplace dynamics influenced by using nearby agricultural practices and regulatory environments.
North America leads the fumigant merchandise marketplace, pushed by superior agricultural practices, excessive recognition of pest manipulate, and stringent meal safety regulations. The presence of primary marketplace players and full-size studies and development activities in addition bolster North America's leadership in this market.
Key players in the fumigant products market encompass Dow AgroSciences LLC (USA), regarded for its wide range of agricultural chemical substances. BASF SE (Germany), provides massive crop safety solutions which include fumigants. Syngenta AG (Switzerland), is a primary participant in agricultural science and technology. ADAMA Agricultural Solutions Ltd. (Israel), focuses on crop safety merchandise, such as fumigants.
In February 2024, BASF SE announced the release of a fresh green fumigant product constructed to meet strict environmental guidelines and reduce greenhouse gas output. This innovative product pursuit to provide effective pest manipulation even while minimizing environmental impact, reflecting the enterprise's move towards sustainable and environmentally conscious answers.
Segmentation Table
Global Fumigant Products MarketScope
Study Period 2019-2030
Base Year 2022
Forecast Period 2023-2030
Growth Rate CAGR of 5.89% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, form, application and Region
By Type Phosphine
Sulfuryl fluoride
Methyl bromide
Others
By form
Solid
Liquid
Gas
By application Commercial and industrial
Agriculture
Residential
By Region North America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- Germany
- France
- Spain
- Russia
- Rest of Europe
Asia Pacific
- China
- Vietnam
- India
- Australia
- Rest of Asia Pacific
SouthAmerica
- Brazil
- Argentina
- Rest of South America
Middle East & Africa
- South Africa
- Turkey
- Rest of Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.