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on October 27, 2023
The latest report by IMARC Group, titled “Stored Grain Insecticide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global stored grain insecticide growth. The global market size reached US$ 260.66 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 341.95 Million by 2028, exhibiting a growth rate (CAGR) of 4.54% during 2023-2028.
The global market for stored grain insecticides is driven by the need to protect and control various types of stored grains from pests during the post-harvest period. Farmers employ a range of methods including fumigant and contact pesticides, such as bio-insecticides, organophosphates, and pyrethroids, to mitigate the risk of pests causing qualitative and quantitative losses. These insecticides are widely used during seed development, processing, and maturation phases to safeguard crops like paddy, barley, dried beans, corn, nuts, cereals, wheat, millet, and cereals from infestations. Stored grain insecticides are a crucial component of both on-farm and off-farm operations, often used in combination with other chemical treatments. Their effectiveness in protecting stored grains has led to their increasing adoption in agricultural practices worldwide.
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Stored Grain Insecticide Market Trends and Drivers:
The market for stored grain insecticides is primarily driven by the expansion of the agricultural industry and the increasing demand for food due to population growth. The occurrence of insect infestations during the post-harvest stages further contributes to the market growth. Farmers rely on effective insecticides to prevent pests and insects from accessing silos, grain bins, and warehouses, leading to increased sales of warehouse insecticides. The growing demand for improved insect and pest management solutions, as well as the implementation of favorable initiatives by regulatory bodies, are also driving the market. The introduction of advanced grain storage silos and advancements in the agricultural sector propel market growth. The Asia Pacific region is the largest market, driven by the rising demand for grains and the adoption of pest management solutions. Competition among key players and the development of bioinsecticides derived from natural materials are shaping the market outlook. Mergers and acquisitions are also contributing to the production of highly effective stored grain insecticides. Overall, these factors are fueling the growth of the stored grain insecticides market.
Report Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Organophosphate
- Pyrethroids
- Bio-Insecticides
- Others
Application Insights:
- On Farm
- Off Farm
- Export Shipment
Market Breakup by Region:
- 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 with Key Player:
- Bayer AG
- Central Life Sciences
- Corteva AgriScience
- Degesch America Inc.
- Douglas Products
- Hedley Technologies
- Nufarm Limited
- Syngenta AG
- UPL Limited
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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