Aluminum Phosphide Market Size

Aluminum Phosphide Market size is poised to reach USD 268 Million by the end of 2036, growing at a CAGR of 3% over the projected period, i.e., 2024-2036. In the year 2023, the industry size of aluminum phosphide was over USD 181 Million. The rising need for pesticides as a result of rising food prices will fuel the market for aluminum phosphide. As per a report, the global pesticide consumption in 2021 was close to 3.54 million metric tons.  

In light of population increase, insect resistance, and climate change, there is a growing need for crop protection chemicals to improve agricultural productivity and food security. Also, technological breakthroughs and advancements in the agriculture sector are other aspects that contribute to the growth of market.

The use of aluminum phosphide for pest control in metropolitan settings has increased as a result of urban sprawl. To maintain safe and hygienic surroundings, there is an increasing demand for efficient pest control solutions as more structures and facilities are built.

Aluminum phosphide is predicted to see a rise in demand due to its use in a variety of public health applications and structural fumigations, including private residences, businesses, and public buildings.