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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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, growing at a CAGR of 5.40% during the forecast period (2024-2029).
In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 33.8% of the global market.By type, the phosphine-based fumigant product segment had the largest market share of 26.3% in 2018 and is expected to remain the fastest-growing segment during the forecast period.
Asia-Pacific has been identified as the region, which is yet to reach its maximum potential in the warehouse fumigant market. The market is driven by several factors, like rapid technological advancement in the sector, growing concerns over the post-harvest loss, and the shift in advance farming practices that led to increased yield. The introduction of fumigants to plants helps them keep the diseases away from their roots and to produce a better yield.
