Global Fumigation Products Markets to Witness a Bright Future with Rise in Trade of Agricultural Produce, Sales Expected to Reach 1.17 Million Tons by 2027. TMR study

The fumigation products market witnessed volume sales of approximately 662 thousand tons in 2018. With rising demand in agricultural, residential, and storage applications, the sales in the fumigation products market are projected to rise to 1.17 million tons by 2027-end. Fumigants have found to also be in high demand in warehouses. Due to a greater emphasis on food products that promote good hygiene and are free of infections, the agricultural sector has had to work on procuring high-quality raw materials, which has meant that fumigation practices have evolved considerably.

The agricultural produce and grain storage applications are the primary sources of demand for the fumigation products industry. The rising swarming of various insects in food grains, such as granary weevil, rice weevil, lesser grain borer and, angoumois grain moth is a key concern for those working in warehouses. A rise in demand for good quality grains is estimated to help the fumigation products market, boosting its demand at warehouses. A continuous increase in urban population worldwide has helped in the rising demand for residential construction, particularly in developing countries. With more and more conversion of rural areas into urban localities, it creates room for more infestation, thereby enhancing the demand for fumigation products in future. To grow at a higher rate, firms also look to acquire and collaborate on joint ventures.

Fumigations Products Market Faces Promising Future, But Other Alternatives Could Deter The Growth

Fundamentally, fumigants are hazardous and toxic. Certain firms claim to produce fungicides that harm insects, but not humans, which is not entirely true. This idea leads to careless usage of fumigants and there have been reported incidents of fumigants affecting human health, which has impacted their sales as well. Pest control providers have shifted their priorities to more harmless products like herbicides and fungicides and manufacturers of these products have also cashed in, by providing them at a lesser cost to the end-user.

Some of the important players in the fumigation products industry include Industrial Fumigant Company LLC, Solvay S.A., Royal Agro Organic Pvt. Ltd, Detia Degesch GmbH, UPI-USA, and National Fumigants. The fumigation products market faces a prosperous future. The global trade in agricultural production is likely to play a crucial role in the fumigation products market’s contribution toward food security in countries that have insufficient indigenous supply. Any agricultural produce that is stored can be at the risk of being infested, thereby resulting in heavy losses.

The demand to store agricultural food production worldwide is expected to fuel the demand for the fumigation products market around the world during the forecast period. A lack of consistency in agricultural products production owing to seasonal changes in developing nations such as India, China, etc has been an important development in the agricultural sector, worldwide.

There are challenges along the way as well. Countries such as India, Mexico and, South Africa do not have the requisite professionals for the fumigation process which impacts demand in the fumigation products market. The usage of fungicides are not recommended for all due to their lethal nature and only professionals with requisite experience are preferred.

Rising Urbanization in Countries Propelling Demand

The fumigation products market has been found to be most prominent in North America. It is also one of the largest food grain producers. The expansion of urban localities in countries like India and other developing economies could move the fumigation products market in the forward direction in Asia Pacific, which is also likely to see a rise in demand for the market, with China possessing great potential for the fumigation products market during the forecast period. A rise in demand in the fumigation products industry in residential sectors, agriculture etc. is projected to fuel fumigation products growth in Asia Pacific. The research methodology used by analysts is based on comprehensive primary and secondary research. In the former, analysts spoke with investors, brand managers, vice presidents, investors among others and in the latter, they used several annual report publications, white papers, company websites etc.

The fumigation products market can be segmented as follows:

By Region

  • Asia Pacific
  • Latin America
  • Europe
  • North America
  • Middle East & Africa

By Form

  • Solid
  • Liquid
  • Gas

By Treatment Method

  • Aluminum Phosphide
  • Sulfuryl Fluoride
  • Magnesium Phosphide
  • Carbon Dioxide (CO2)

By End User

  • Agriculture
  • Residential
  • Warehouses/ Storage

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