Market Size of Warehouse Fumigants Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.44 Billion |
Market Size (2029) | USD 1.88 Billion |
CAGR (2024 - 2029) | 5.40 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Warehouse Fumigants Market Analysis
The Warehouse Fumigants Market size is estimated at USD 1.44 billion in 2024, and is expected to reach USD 1.88 billion by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).
Warehouse fumigants are used to control and eliminate pests, insects, and other harmful organisms that can infest and damage stored commodities in warehouses. These fumigants protect agricultural products, grains, and various other goods during storage and transportation. The increasing crop losses due to pest infestations are driving market growth. According to the NABCONS Study 2022, pulses experience 5.65% to 6.74% post-harvest loss in India, with warehouse pest attacks being a significant factor. The growing global population has increased the need for expanded crop production, necessitating more warehouses for storing surplus produce during off-season periods. The increasing number of warehouses supports market growth.
According to FAOSTAT, global wheat production increased from 772.7 million metric tons in 2021 to 808.4 million metric tons in 2022. This rise in crop production worldwide supports increased exports from various countries. International trade of agricultural commodities requires proper storage and pest control solutions to maintain product quality and safety during transportation and storage. Warehouse fumigants fulfill these requirements, contributing to market growth.
Government and regulatory bodies have implemented strict regulations on fumigant use to ensure safe and responsible usage. While these regulations may limit market growth, they have encouraged the development of safer and more eco-friendly warehouse fumigant alternatives. Common warehouse fumigants include phosphine, methyl bromide, sulfuryl fluoride, and aluminum phosphide. However, methyl bromide usage has been phased out or restricted in many countries due to its ozone-depleting properties. The expanding warehouse facilities globally and increasing pest incidence continue to drive market growth during the forecast period.
Warehouse Fumigants Industry Segmentation
Warehouse fumigants are chemical products used to control insects and pests in warehouses and storage facilities. The warehouse fumigant market segments include types (methyl bromide, sulfuryl fluoride, phosphine, magnesium phosphide, aluminum phosphide, and others), applications (structural fumigation and commodity storage fumigation), forms (solid, liquid, and gas), and geographical regions (North America, Europe, Asia Pacific, and Africa). The report provides market size and forecasts in USD million for all segments.
Type | |
Methyl Bromide | |
Sulfuryl Fluoride | |
Phosphine | |
Magnesium Phosphide | |
Aluminium Phosphide | |
Others |
Application | |
Structural Fumigation | |
Commodity Storage Protection |
Form | |
Solid | |
Liquid | |
Gas |
Geography | |||||||||||
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Warehouse Fumigants Market Size Summary
The warehouse fumigants market is poised for steady growth, driven by technological advancements and increasing concerns over post-harvest losses. The market is characterized by the widespread use of fumigants to combat insect infestations, which pose a significant threat to the safe storage and distribution of grains. Phosphine-based fumigants are particularly prominent, holding a substantial market share and expected to continue their rapid growth. The Asia-Pacific region, in particular, is seen as an area with untapped potential, as advanced farming practices and the introduction of fumigants are expected to enhance crop yields and protect against diseases. The market's expansion is further supported by the rising temperatures due to climate change, which are anticipated to increase insect populations, thereby boosting the demand for fumigants.
North America remains a significant player in the global warehouse fumigants market, with the United States and Canada leading the region's consumption. The availability of a wide range of authorized fumigant products supports the region's dominance, particularly in the agriculture sector. However, the market in some countries, such as those in the Caribbean, is expected to grow at a constant rate due to limited export and storage capacities, alongside potential regulatory challenges. The global market is becoming increasingly fragmented, with mergers, acquisitions, and partnerships being key strategies for leading companies to enhance their technological capabilities and market presence. These strategic moves aim to achieve deeper market penetration and improve the development of advanced fumigant solutions.
Warehouse Fumigants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Surplus production and Growing International trade
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1.1.2 Growth of E-commerce and Retail Sector
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1.1.3 Rising Food safety Regulations Across the Globe
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1.2 Market Restraints
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1.2.1 High cost and Limited Availability of Products
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1.2.2 Increasing Environmental Concerns
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1.3 Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Methyl Bromide
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2.1.2 Sulfuryl Fluoride
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2.1.3 Phosphine
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2.1.4 Magnesium Phosphide
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2.1.5 Aluminium Phosphide
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2.1.6 Others
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2.2 Application
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2.2.1 Structural Fumigation
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2.2.2 Commodity Storage Protection
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2.3 Form
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2.3.1 Solid
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2.3.2 Liquid
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2.3.3 Gas
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 UK
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Netherlands
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2.4.2.7 Poland
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2.4.2.8 Italy
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2.4.2.9 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Africa
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2.4.5.1 South Africa
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2.4.5.2 Rest of Africa
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Warehouse Fumigants Market Size FAQs
How big is the Warehouse Fumigants Market?
The Warehouse Fumigants Market size is expected to reach USD 1.44 billion in 2024 and grow at a CAGR of 5.40% to reach USD 1.88 billion by 2029.
What is the current Warehouse Fumigants Market size?
In 2024, the Warehouse Fumigants Market size is expected to reach USD 1.44 billion.