$725+ Million Grain Protectants Market by Control Method, Target Pest, Grain Type, and Region - Global Forecast to 2023
DUBLIN, Oct. 25, 2018 /PRNewswire/ -- The "Grain Protectants Market by Control Method (Chemical (Insecticides, Fumigants, Rodenticides), Physical (Traps, Baits, Aeration, Heat Treatment), Biological), Target Pest (Insects, Rodents), Grain Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The grain protectants market is estimated to be USD 572.7 million in 2018 and is projected to reach USD 726.1 million by 2023, at a CAGR of 4.86%.
The market is driven by the need to reduce grain losses during storage and the growing market pressure on farmers to gain better grain prices during the post-harvest stage. However, the increasing insect pest resistance to certain active substances and stringent regulations on maximum residue levels (MRLs) emphasize the need to develop new active substances that are effective and less hazardous to the environment and human health.
As per a Lancaster University research report dated September 1998, grain spoilage is usually the cumulative result of several different handling and management operations and decisions. The report states that the overall chance of maintaining grain quality depends on the entire management program. Hence, just one or two methods applied individually may not provide the desired results when it comes to protecting the stored grains from pests or other damage.
The chemical segment accounted for the largest share among all control products in 2018. The large share of this segment is due to its effectiveness compared to other control methods such as physical and biological. Also, manufacturers in the grain protectants market offer a wide range of chemical-based compounds such as insecticides, rodenticides, and fumigants for their use in grain storage spaces to prevent pests such as insects, rodents, and fungal species.
On the basis of grain type, the grain protectants market is estimated to be dominated by the corn segment in 2018. This dominance is attributed to the increased preference for corn-based products for food, chemical, and fuel purposes, especially in developed countries such as the US. As a result, large amounts of corn grains are stored to meet the growing demand for these crops, from different industries.
In this report, the target pest market has been segmented into insects; rodents; and others; which include fungal species, mites, and birds. The insects segment is estimated to account for the largest share in 2018. This dominance can be attributed to the high amount of infestations and damages that occur in the storage spaces due to insects. Additionally, there are a wide variety of insects that infest different types of grains either by feeding on them or by making a cavity in them for habitation.
North America accounted for the largest share in the grain protectants market in 2017, followed by Asia Pacific and Europe. The rising population and decreasing arable land have led to an increase in the demand for food security and food safety, globally. Additionally, the growing concerns of food grain damage and deterioration due to pest manifestations have led to the increased use of grain protectants for food grains. Developing regions such as Asia Pacific and Africa lack the infrastructure needed for technological advancements and the awareness of efficient grain storage methods.
Although a steady growth is projected for the next 5 years for the global market, increasing pest resistance is a restraining factor affecting the growth of the grain protectants market. Due to stringent regulations pertaining to the use of chemicals in terms of health, environment, safety, and economic considerations, a very limited number of chemicals are available in the market for application on stored grains.
The global market for grain protectants is dominated by key players such as Bayer (Germany), Sumitomo Chemical (Japan), BASF (Germany), Nufarm (Australia), UPL (India), and DowDuPont (US).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Grain Protectants Market
4.2 Grain Protectants Market Share, By Grain Type
4.3 Asia Pacific: Grain Protectants Market, By Target Insect & Country
4.4 Grain Protectants Market, By Control Method & Region
4.5 Grain Protectants Market Share, By Key Country
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Growing Food Production to Meet the Increasing Global Demand
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 to Sustain Market Pressure for Better Price Range During the Post-Harvest Stage
5.3.1.2 to Reduce Grain Losses
5.3.2 Restraints
5.3.2.1 Insect Pest Resistance
5.3.3 Opportunities
5.3.3.1 Development of New Products to Replace Banned Products
5.3.3.2 Increased Future Prospects for IPM Systems for Stored Grains
5.3.4 Challenges
5.3.4.1 Reducing Residues in Chemical-Based Protectants
5.3.4.2 Low Adoption Rate and Inefficient Post-Harvest Practices
5.4 Regulatory Framework
5.4.1 Introduction
5.4.2 US
5.4.3 Canada
5.4.4 European Union
5.4.5 UK
5.4.6 Australia
6 Grain Protectants Market, By Control Method
6.1 Introduction
6.2 Chemical
6.2.1 Insecticides
6.2.1.1 Pyrethroids
6.2.1.1.1 Pyrethroids Segment Held the Largest Market Share for Insecticide-Based Grain Protectants
6.2.1.2 Organophosphates
6.2.1.2.1 Organophosphates Segment Still Gained Significant Market Demand in Developing Economies Due to Its Cheaper Cost
6.2.1.3 Insect Growth Regulators (IGRS)
6.2.1.3.1 IGRS are Projected to Grow at the Highest CAGR as an Effective Solution to Combat Insect Pest Resistance
6.2.2 Fumigants
6.2.2.1 Fumigants are Likely to Grow at the Second-Fastest Growing Segment for Its Effective Control in Stored Grains
6.2.3 Rodenticides
6.2.3.1 Anticoagulating Agents are Normally Used to Control Rodents
6.3 Physical
6.3.1 Physical Control Methods has Been Gaining High Preference With Respect to Ipm Approaches in Warehouses
6.4 Biological
6.4.1 Biological Control are Expected to Witness Significant Adoption for Its Less Or No Residual Impact on Grains
7 Grain Protectants Market, By Target Pest
7.1 Introduction
7.2 Insects
7.2.1 Grain Borers
7.2.1.1 Grain Borers are Considered as the Major Storage Pests in Asian Countries
7.2.2 Weevils
7.2.2.1 Grain Protectants is Projected to Highly Sought for Weevil-Based Damage Issues in Rice Crops
7.2.3 Beetles
7.2.3.1 Beetles are the Highly Targeted Pest Across the World for Grain Protection
7.2.4 Moths
7.2.4.1 Moths has Become A Ubiquitous Pest for Grain Storage Across the World
7.3 Rodents
7.3.1 Rats
7.3.1.1 Rats are Known to Create A Lot of Nuisance in the Stored Food Products, Especially Grains
7.3.2 Squirrels
7.3.2.1 Squirrels Tend to Feed on Grains, Which Emphasizes the Need for Effective Storage Design and Bait Placements
7.4 Others
8 Grain Protectants Market, By Grain Type
8.1 Introduction
8.2 Corn
8.2.1 Corn Segment is Projected to Grow at the Highest CAGR During the Forecast Period
8.3 Wheat
8.3.1 Wheat Storage Protection Practices has Been Significantly Adopted in the European Countries
8.4 Rice
8.4.1 Rice Not Only A Widely Preferred Grain in Asia But Also Holds the Highest Post-Harvest Loss Ratio
8.5 Others
9 Grain Protectants Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Accounted for the Largest Market Size in Grain Protectants Market in North America
9.2.2 Canada
9.2.2.1 Canada is Expected to Witness the Highest Growth Rate in the Grain Protectants Market in North America
9.2.3 Mexico
9.2.3.1 Demand for Grain Protectants in Mexico is Expected to Drive Growth of the Overall Market
9.3 Europe
9.3.1 France
9.3.1.1 France Accounted A One of the Largest Adopters of Grain Protectants Among European Countries
9.3.2 Germany
9.3.2.1 Germany is Projected to Grow at the Highest CAGR During the Forecast Period
9.3.3 Spain
9.3.3.1 Significant Market Demand Expected for Crops Such as Wheat, Corn, and Barley in Spain
9.3.4 Poland
9.3.4.1 Significant Demand for Grain Protectants Expected for Wheat Crops in Poland
9.3.5 UK
9.3.5.1 Increasing Need to Imported Grain Quality in Storages Would Drive the Market Demand in the UK
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Being the Largest Producer of Grain, China is Likely to Be an Important High-Growth Market
9.4.2 India
9.4.2.1 India is Likely to Witness the Fastest Growth in the Coming Years
9.4.3 Japan
9.4.3.1 Rising Imports of Corn is Likely to Drive the Market for Grain Protectants to Maintain Stock Quality
9.4.4 Australia
9.4.4.1 Fumigation is the Preferred Method for Its Residue-Free Control of Pests in Grains
9.4.5 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 Rest of the World (RoW)
9.6.1 Middle East
9.6.2 Africa
10 Competitive Landscapes
10.1 Overview
10.2 Company Share Analysis
10.2.1 Grain Protectant Manufacturers
10.3 Competitive Scenario
10.3.1 Expansions
10.3.2 New Product Launches
10.3.3 Mergers & Acquisitions
10.3.4 Agreements, Collaborations, and Partnerships
11 Company Profiles
11.1 Dowdupont
11.2 BASF
11.3 Bayer
11.4 Syngenta
11.5 Sumitomo Chemical
11.6 FMC Corporation
11.7 Nufarm
11.8 UPL
11.9 Degesch America, Inc.
11.10 Arysta Lifescience Corporation
11.11 Central Life Sciences
11.12 Hedley Technologies Ltd. (Biosyent Inc.)
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