Grain Protectants Market is expected to garner revenue of USD 1.2 Billion by 2030 at a CAGR of approximately 5.31%during the forecast period of 2023–2030.
The notable market growth can be attributed to the need for storing grains to overcome the impact of fluctuating market prices of grains. Farmers, traders, and stockists store their grains in warehouses until desirable market prices are received and demand for grains exceeds the supply. Another challenge faced during the storage of grains is the post-harvest loss caused during the storage due to pest infestation. To overcome such a challenge, grain protectants are widely being used to protect the grains from pest loss during storage, which, in turn, is driving the market growth of grain protectants. However, frequent usage of chemical grain protectants has led to increasing insecticide resistance in insects, thus hampering the sales of chemical insecticides and growth of market.Â
The major challenge being faced by the market players is the availability of chemical residues used to protect the grains. The market is expected to emerge lucrative for the vendors active in the market due to the launch of innovative products that overcome the limitations of banned grain protection chemicals.Â
Grain Protectants industry has been segmented based on Type, Target Pest, Grain Type, and Region. By type, the global market has been classified as chemical, biological, and physical. The chemical segment is further segregated into insecticides, rodenticides, and others The global market has also been segregated, on the basis of the target pest, into rodents, insects, and others. The insect segment has been further segmented into beetles, grain borers, weevils, and others. Based on grain type, the market is segregated into, rice, wheat, corn, and others The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North America market has further been segmented into the US, Canada, and Mexico. The Europe grain protectants market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Nufarm (Australia), Bayer (Germany), Corteva (US), Degesch America (US), BASF SE (Germany), Syngenta (Switzerland), FMC Corporation (US), Hedley Technologies (Canada), Arysta LifeScience Corporation (US), Central Life Sciences (US), Sumitomo Chemical (Japan), and UPL (India) are some of the key players in the global grain protectants industry.
North America is expected to dominate the global market throughout the review period owing to the presence of numerous grain warehouses and grain processing plants. Additionally, the need to meet the standards while storing grains in warehouses is also boosting the sales of grain protectants in the region. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period owing to the huge production of grains in the region and increasing the loss of grains during storage.Â
The grain protectants market is witnessing steady growth, driven by the need to minimize losses during storage and transportation. Recent developments in the market highlight a focus on innovation to address emerging challenges:Rise of Organic Options: Growing consumer preference for organic food is leading to a surge in demand for organic grain protectants. Manufacturers are developing bio-based and botanical alternatives to synthetic pesticides.Combating Evolving Pests: Pests are developing resistance to traditional chemicals. Research and development efforts are underway to create new and more effective grain protectants with novel modes of action.Integration with Smart Storage Solutions: The rise of smart storage facilities with digital monitoring and control systems is creating opportunities for integrating grain protectants with these technologies for optimized protection
By Type
Chemical
Insecticides
Rodenticides
Others
Biological
Physical
By Target Pest
Rodents
Insects
Beetles
Grain Borers
Weevils
Others
Others
By Grain Type
Rice
Wheat
Corn
Others
By Region
North America
US
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
Japan
China
India
Australia and New Zealand
Rest of Asia-Pacific
Rest of the World (RoW)
Intended Audience
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