According to Custom Market Insights (CMI), The Global Magnesium Phosphide Fumigation Market Size was valued at USD 110 million in 2021 and is estimated to reach USD 1.3 billion by the end of 2030 at a CAGR of approximately 5.5% during the forecast period 2022-2030
Magnesium phosphide is a grey or brown-colored crystalline solid widely used as a fumigating agent due to its toxic nature. The magnesium phosphides fumigants are used to kill rodents and insects like termites. The fumigants are present in different forms, including pellets, tablets, bags, etc., which can diffuse in the air and reach different corners, even minute ones. The fumigants are used as an alternative source for conventional pesticides and insecticides as they can kill the pests which are out of the conventional pesticides. Apart from that, the phosphine molecule of magnesium phosphide is a toxic material that destroys the respiratory and other metabolism of the organisms by killing them. It also acts as a fast fumigating agent that reacts and fuses rapidly with the air molecules.
Browse the full “Magnesium Phosphide Fumigation Market Size, Trends and Insights By Type (Solid, Liquid), By Application (Soil , Warehouses, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at ReportURL
Magnesium Phosphide Fumigation Market Dynamics
Drivers
Demand for pest control products propels the market growth for magnesium phosphide fumigants.
The magnesium phosphide contains toxic phosphine and can disrupt the metabolism and respiration rate of several animals and insects after the inhalation or injection, due to which the fumigants are used to kill the insects and rodents that can break the wood materials and also destroy the crops, which drive the market growth for the magnesium phosphide fumigants.
The rapid increase in population and the increase in demand for optimum food propel the magnesium phosphide fumigation market in agriculture.
The significant rise in population has led to a huge demand for food products to fulfill basic needs, due to which the demand for insecticides, rodenticides, and pesticides has increased. The insects destroy crops. The huge loss and destruction of crops due to plant diseases and insects have increased the demand for pesticides, insecticides, and rodenticides, propelling the market growth.
Restraints
One of the major factors that hamper the market growth for magnesium phosphide fumigation products includes the high toxicity of the compound, especially the phosphine molecules. The flammable magnesium and toxic form of phosphorous are combined altogether, which destroys the metabolic activities and respiration process of any living organism. The people working with such formulations must be extra careful regarding their usage and consumption. It often required to wear safety helmets during work, and direct contact and inhalation are extremely prohibited, which restricts the market growth; therefore, the usage of magnesium phosphide can be also be restricted in the future with the development of better alternatives.
Opportunities
The rapid urbanization and the population increase across various regions have led to a huge demand for the surplus, due to which the magnesium phosphide market is expected to witness significant growth. Along with that, the implementation of regulatory reforms by the government regarding crop protection and pest control is likely to provide lucrative opportunities for the growth of the magnesium phosphide fumigation market over the coming years.
Challenges
The major challenge that can hamper the magnesium phosphide fumigation market is the emergence of multiple key players in the market, which gives rise to huge competition. Apart from that, the production of organic pesticides, insecticides, rodenticides, and other alternative solutions produced from a natural source can hamper the market growth for the magnesium phosphide fumigation market in the future.
Market report
Based on type, the solid segment has dominated the market in 2021 and is expected to continue its domination during the forecast period. The solid magnesium phosphide fumigants are present in different forms, including tablets, pellets, prepares, bags, etc., which are widely used as fumigants to kill the rodents and other insects like bugs, worms, and termites. The solid-state fumigants are much easy to use as they are placed in one corner and can easily diffuse in different corners with the help of air.
Based on an end-user, the warehouse segment has dominated the market in 2021 and is expected to represent significant growth during the forecast period. The warehouses are the storage places where many crops are stored. Magnesium phosphide fumigation effectively prevents the crops from rodents, termites, insects, and worms. The fumigant diffuses in the air and reaches the minute places where conventional insecticides and rodenticides fail to show their effects. Such factors drive the huge demand for fumigants across warehouses.
Regional Snapshots
Based on region, the North American segment has dominated the magnesium phosphide fumigation market due to the increase in demand for crop protection methods and urbanization. Along with that, the rapid demand for residential homes has led to an increase in home construction and renovation across the US, due to which the demand for fumigants targeting bugs and termites has increased across North America.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 110 Million |
| Projected Market Size in 2030 | USD 1.3 Billion |
| CAGR Growth Rate | 5.5% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | BASF, Cytec Solvay, Adama Agricultural Solutions, Rentokil Initial, United Phosphorus, Industrial Fumigant Company, Kenvos Biotech, Ikeda Kogyo, Degesch America, Nippon Chemical Industrial, and Others |
| Key Segment | By Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key players
- BASF
- Cytec Solvay
- Adama Agricultural Solutions
- Rentokil Initial
- United Phosphorus
- Industrial Fumigant Company
- Kenvos Biotech
- Ikeda Kogyo
- Degesch America
- Nippon Chemical Industrial
Recent Developments
- In December 2017, Ecolab Company announced the acquisition of multiple organizations, including Food Protection Services LLC (FPS), Royal Pest Solutions, and Research Fumigation, to implement the US Pest Elimination approach for developing better strategies for food storage and protection.
- In July 2015, Douglas Products introduced the acquisition of the Vikrane and Perfume gas fumigant from Dow AgroSciences, which resulted in construction of a manufacturing plant across Pittsburg.
Market segments covered in the report
By Type
- Solid
- Liquid
By Application
- Soil
- Warehouses
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America