Market Overview:
The global fumigant products market size was valued at USD 4.87 billion in 2022. The market is 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.
Fumigants are volatile or toxic, poisonous substances and when inhaled, produce lethal gases. Fumigants kill insects, nematodes, and pests that destroy stored foods, seeds, clothing, nursery stock, and human dwellings. Fumigation is also applied on nursery stocks, and major fumigants used to treat nursery stock or stored products include naphthalene, methyl bromide, hydrogen cyanide, and nicotine
Fortune Business Insights provide this information in its report titled “Fumigant Products Market, 2023-2030.”
List of Key Players Mentioned in the Report:
Segments:
Phosphine Segment Holds the Largest Share due to its Effectiveness
On the basis of type, the demand for phosphine fumigants of stored products in pest control over the last decades is due to its relatively low cost, ease of application in several different storage structures, effectiveness against major pesticides, and acceptance in all markets. Fumigants’ commercial formulations are available in solid tablets, sachets, blankets, and cylindered gas. After fumigation, phosphine also breaks down, making its atmosphere safe than methyl bromide. It has the lowest density, similar to air, so phosphine fumigants disperse faster.
Solid Segment to Hold Larger Share Owing to its Ease of Application
Based on the form, the market is segmented into solid, liquid, and gas. The solid segment is set to have a significant market share owing to its increasing rate of adoption and its easy application.