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Stored Grain Insecticide - Growth, Trends and Forecasts (2020 - 2025)

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  • 109 Pages
  • April 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4773601
UP TO OFF until Dec 31st 2023
The stored grain insecticide market was valued at USD 225.6 million in 2018, and the market is projected to register a CAGR of 4.2% during the forecast period (2019-2024). Sustaining market pressure for better prices during the post-harvest stage and increasing focus on the reduction of post-harvest losses are the major factors driving the market growth.

Globally, India is expected to witness the fastest growth, while registering a CAGR of 4.8% during the forecast period. Lack of storage facilities led to the inability to store surplus grain. Additionally, the Indian government has been increasingly focusing toward keeping pace with its looming food storage crises and has increased the contribution toward the construction of high-tech grain storage silos. This is likely to augment the demand for insect grain protectants in the country.

Key Market Trends

Stored grain pest- per capita loss

Owing to the infestation of pests, mites, rodents, and birds, around 1,300 million metric tons of food grains are being wasted annually. The use of insecticides is a very effective method to control insects and pests in silos, grain bins, and warehouses. According to Food and Agricultural Organization (FAO), the average production loss of the post-harvest produce is estimated to be around 5% in the developed countries, 7% in industrialized countries, and around 7% in developing countries, annually. The increasing concerns toward reducing post-harvest losses, especially from the emerging economies, such as India and China, seems to be an opportunity, which can enhance the sales of warehouse insecticides during the study period.

India to Dominate the Global Stored Grain Insecticide Market

Growing insect manifestations on the diverse crop-growing regions of India are leading to the countrywide losses in the cultivation of crops, especially for rice, maize, and wheat, by about 10-25%, as reported by the Food and Agricultural Organization (FAO). The most common insects damaging grain storages in India are the rice weevil, the khapra beetle, the grain moth, and the lesser grain/ hooded-grain/ paddy borer. The increase in the infestation of stored grains by such insects is further enhancing the market for stored grain insecticides in the country. However, regulations on the overuse of stored grain insecticides in India are speculated to slightly impact the storage grain insecticide sales in the coming years.

Competitive Landscape

The storage grain insecticide market is highly competitive, with various small- and medium-sized companies coining reasonable shares in the world. This has resulted in a very stiff competition. The increasing merger and acquisition activities by the major players in different parts of the world is one of the major factors for the consolidated nature of the market. North America and the Asia-Pacific are the two regions showing maximum competitor activities.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5.1 By Product Type
5.1.1 Organophosphate
5.1.2 Pyrethroids
5.1.3 Bio-Insecticides
5.1.4 Others
5.2 By Application type
5.2.1 On Farm
5.2.2 Off Farm
5.2.3 Export shipments
5.3 Geography
5.3.1 North America US Canada Mexico Rest of North America
5.3.2 Europe UK Germany France Spain Italy Russia Rest of Europe
5.3.3 Asia-Pacific India China Japan Australia Rest of Asia-Pacific
5.3.4 South America Brazil Rest of South America
5.3.5 Africa South Africa Rest of Africa
6.1 Most Adapted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer CropScience AG
6.3.2 Degesch America Inc.
6.3.3 Syngenta AG
6.3.4 Corteva AgriScience
6.3.5 Nufarm Ltd
6.3.6 Douglas Products
6.3.7 Adama Agricultural Solutions Ltd.
6.3.8 UPL Limited

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bayer CropScience AG
  • Degesch America Inc.
  • Syngenta AG
  • Corteva AgriScience
  • Nufarm Ltd
  • Douglas Products
  • Adama Agricultural Solutions Ltd.
  • UPL Limited