The global stored grain insecticide market size reached US$ 272.7 million in 2023. The market is projected to reach US$ 391.1 million by 2032, exhibiting a growth rate (CAGR) of 4.09% during 2023-2032. The increasing demand for grains across the globe, an enhanced focus on the reduction of post-harvest losses and the widespread adoption of the pest management solutions are some of the key factors driving the market.
A stored grain insecticide is an agricultural approach that involves the utilization of fumigant and contact pesticides to control and protect various stored grains from pests during the post-harvest period. It includes bio-insecticides, organophosphate, and pyrethroids, which are some of the standard product types. These variants are employed by farmers during the processing, development, and maturation phase of seeds as there are a higher chance that a large number of pests can attain access to crops, resulting in both qualitative and quantitative losses. These insects further lower the value of food grains, their protein content, nutritive values, and germination capacity. As a result, stored grain insecticide is extensively used with different chemical treatments in on-farm and off-farm operations to protect several grains, such as paddy, wheat, millet, barley, dried beans, corn, and cereals, from infestations.
A stored grain insecticide is an agricultural approach that involves the utilization of fumigant and contact pesticides to control and protect various stored grains from pests during the post-harvest period. It includes bio-insecticides, organophosphate, and pyrethroids, which are some of the standard product types. These variants are employed by farmers during the processing, development, and maturation phase of seeds as there are a higher chance that a large number of pests can attain access to crops, resulting in both qualitative and quantitative losses. These insects further lower the value of food grains, their protein content, nutritive values, and germination capacity. As a result, stored grain insecticide is extensively used with different chemical treatments in on-farm and off-farm operations to protect several grains, such as paddy, wheat, millet, barley, dried beans, corn, and cereals, from infestations.
Stored Grain Insecticide Market Trends
An enhanced focus on reducing post-harvest losses represent one of the key factors driving the market toward growth. Additionally, the rising instances of insect manifestations during the post-harvest stage have facilitated the demand for stored grain insecticides in the agriculture sector, which is acting as another growth-inducing factor. Such effective insecticides are frequently used by framers as a suitable approach to mitigate the access of pests and insects, including khapra beetle, grain moth, and rice weevil in silos, grain bins, and warehouses, thus resulting in higher sales of warehouse insecticides. In line with this, the escalating need for enhanced insect and pest management solutions, including rodenticide traps, biological control, and heat treatments to avoid grain contamination, is favoring the market growth. Furthermore, the fueling food storage crises concerns amongst farmers have propelled numerous regulatory bodies to implement favorable initiatives and innovate different systems, which, in turn, are contributing to the market growth. This is further supported by the advent of high-tech grain storage silos that can be utilized to eliminate supply chain disruption. Apart from this, significant enhancements in the agricultural sector and the recent mergers and acquisitions (M&A) by key players to produce stored grain insecticides with enhanced efficacy are creating a positive outlook for the market growth. Other factors, such as significant expansion in the agricultural and allied sectors and the consistently increasing demand for grains across the globe, are creating a positive outlook for the market.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global stored grain insecticide market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product type and application.Product Type Insights:
- Organophosphate
- Pyrethroids
- Bio-Insecticides
- Others
Application Insights:
- On Farm
- Off Farm
- Export Shipment
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global stored grain insecticide market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Bayer AG, Central Life Sciences, Corteva AgriScience, Degesch America Inc., Douglas Products, Hedley Technologies, Nufarm Limited, Syngenta AG, UPL Limited, etc.Key Questions Answered in This Report:
- How has the global stored grain insecticide market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global stored grain insecticide market?
- What are the key regional markets?
- Which countries represent the most attractive stored grain insecticide markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global market?
- Who are the key players/companies in the global stored grain insecticide market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Stored Grain Insecticide Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bayer AG
- Central Life Sciences
- Corteva AgriScience
- Degesch America Inc.
- Douglas Products
- Hedley Technologies
- Nufarm Limited
- Syngenta AG
- UPL Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 272.7 Million |
| Forecasted Market Value ( USD | $ 391.1 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
