Global Commodity Fumigation Service Market Size, Share, and COVID-19 Impact Analysis, By Type (Phosphine Fumigation, Methyl Bromide Fumigation, Sulfuryl Fluoride Fumigation, and Others), By Application (Warehouse, Ship, Container, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Industry: Chemicals & MaterialsGlobal Commodity Fumigation Service Market Insights Forecasts to 2033
- The Global Commodity Fumigation Service Market Size was estimated at USD 1.48 Billion in 2023
- The Global Commodity Fumigation Service Market Size is Expected to Grow at a CAGR of around 6.85% from 2023 to 2033
- The Worldwide Commodity Fumigation Service Market Size is Expected to Reach USD 2.87 Billion by 2033
- North America is expected to grow the fastest during the forecast period.
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The Global Commodity Fumigation Service Market Size is expected to cross USD 2.87 Billion by 2033, growing at a CAGR of 6.85% from 2023 to 2033. Creating and implementing environmentally friendly fumigation methods is one important opportunity. The need for chemicals that are both environmentally safe and effective is rising as environmental regulations and concerns grow increasingly strict.
Market Overview
The industry and services associated with using fumigants to shield commodities such as grains, fruits, vegetables, and other agricultural products from bacteria, fungi, insects, and pests while they are being stored or transported are known as the commodity fumigation service market. The market for commodity fumigation services is essential for protecting commodities and agricultural product from pests and illnesses while they are being stored and transported. The technique of fumigation uses gaseous chemicals to get rid of dangerous bugs and microbes, avoiding contamination or spoiling. The growing worldwide commerce of agricultural commodities is one of the key factors driving the market for commodity fumigation services. Businesses in the industry are also spending money on R&D to launch effective and environmentally friendly fumigation solutions, which drives the growth commodity fumigation service market. The rise of the market is further driven by rising knowledge of the advantages of fumigation over other pest control techniques.
Report Coverage
This research report categorizes the commodity fumigation service market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the commodity fumigation service market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the commodity fumigation service market.
Global Commodity Fumigation Service Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.48 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.85% |
2033 Value Projection: | USD 2.87 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 212 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Application, By Region |
Companies covered:: | Ikeda Kogyo Co., Ltd., FMC Corporation, BASF SE, Detia Degesch GmbH, Chemtura Corporation, DowDuPont Inc., Syngenta AG, UPL Limited, Solvay SA, Nufarm Limited, Degesch America Inc., Bayer AG, Rentokil Initial Ltd., Ecolab Inc., and other key players |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
Increased international trade and stricter food safety laws are the major factors driving this market. A favorable environment for the expansion of the commodity fumigation service market is created by the increased focus on food safety and quality, which is being driven by consumer awareness and regulatory regulations. The growing need for food security and the requirement to safeguard agricultural products from pests and illnesses are two of the main factors driving the growth of commodity fumigation services market. The introduction of strict laws about food safety and storage is another important element driving the growth of commodity fumigation service market.
Restraining Factors
Some fumigants, like methyl bromide, have negative impacts on the environment and human health, thus their usage has restricted the growth of the commodity fumigation services market.
Market Segmentation
The commodity fumigation service market share is classified into type and application.
- The phosphine fumigation segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the commodity fumigation service market is divided into phosphine fumigation, methyl bromide fumigation, sulfuryl fluoride fumigation, and others. Among these, the phosphine fumigation segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Many agricultural producers and storage facilities prefer phosphine fumigation due to its being very effective at permeating the majority of the commodities being stored and controlling pests in every phase of their life cycles.
- The warehouse segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the commodity fumigation service market is divided into warehouse, ship, container, and others. Among these, the warehouse segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Frequent fumigation in warehouse maintains products safe and up to quality standards until they are prepared for export or distribution by preventing contamination.
Regional Segment Analysis of the Commodity Fumigation Service Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is anticipated to hold the largest share of the commodity fumigation service market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the commodity fumigation service market over the predicted timeframe. High levels of agricultural output and export activity in nations like China, India, and Australia ultimately drive the Asia Pacific. The need for fumigation services is also influenced by the existence of sizable storage facilities and vast logistics networks. The growing demand for food security and the region's growing population both contribute to the market's expansion.
North America is expected to grow at the fastest CAGR growth of the commodity fumigation service market during the forecast period. North America's strict food safety laws and extensive agricultural trade are the reasons behind this. The need for fumigation services is further fueled by the existence of sophisticated logistics and storage facilities. Due to their considerable exporting and agricultural output, the United States and Canada are significant market contributors.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the commodity fumigation service market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Ikeda Kogyo Co., Ltd.
- FMC Corporation
- BASF SE
- Detia Degesch GmbH
- Chemtura Corporation
- DowDuPont Inc.
- Syngenta AG
- UPL Limited
- Solvay SA
- Nufarm Limited
- Degesch America Inc.
- Bayer AG
- Rentokil Initial Ltd.
- Ecolab Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the commodity fumigation service market based on the below-mentioned segments:
Global Commodity Fumigation Service Market, By Type
- Phosphine Fumigation
- Methyl Bromide Fumigation
- Sulfuryl Fluoride Fumigation
- Others
Global Commodity Fumigation Service Market, By Application
- Warehouse
- Ship
- Container
- Others
Global Commodity Fumigation Service Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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What is the CAGR of the commodity fumigation service market over the forecast period?The commodity fumigation service market is projected to expand at a CAGR of 6.85% during the forecast period.
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What is the market size of the commodity fumigation service market?The Global Commodity Fumigation Service Market Size is Expected to Grow from USD 1.48 Billion in 2023 to USD 2.87 Billion by 2033, at a CAGR of 6.85% during the forecast period 2023-2033.
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Which region holds the largest share of the commodity fumigation service market?Asia Pacific is anticipated to hold the largest share of the commodity fumigation service market over the predicted timeframe.
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