Global Stored Grain Protectants Market Value to Reach $997.27 million by 2028: Stratistics MRC
2021 - 2028 Global Stored Grain Protectants Market
The Global Stored Grain Protectants Market is accounted for $663.24 million in 2021 and is expected to reach $997.27 million by 2028 growing at a CAGR of 6.0% during the forecast period. Prevention of food losses during storage after harvesting is important in terms of economy. Nowadays integrated pest management is a widely accepted strategy in pest control, which involves the use of chemical insecticides coupled with fumigants. The uses of synthetic fumigants are restricted because of the residue problem and health hazards to humans. Food grain losses are a serious problem, particularly in developing countries. Losses caused by insects include not only the direct consumption of kernels, but also the accumulation of cadavers, exuviae, and webbing. Insect damage can result in, reduction of rain weight, loss of nutrients, and decreased germination. It may also cause deterioration and contamination to the grain which in turn cause poorer gradation of grain and lower the market value. There are various types of methods available for pest control such as chemical control which includes insecticides, fumigants, and rodenticides, physical control that includes traps, baits, aeration, heat treatment, and biological control.
The corn segment is expected to hold the largest share in the market due to the demand for corn from the various food industries in developed countries like the U.S. Storing corn, even for a short time, requires a proactive defense against corn bugs that could lead to damaged grain and a reduced bottom line. Asia Pacific is projected to hold the largest market share during the forecast period due to the higher adoption of grain fumigants in the countries such as India, China, Vietnam, and Thailand, rising population, and decreasing arable land have led to an increase in the demand for food security and food safety, globally. North America is projected to have the highest CAGR over the forecast period owing to the high adoption of grain protection practices by large-scale farmers and presence of key manufacturers in the region.
Some of the key players profiled in the Stored Grain Protectants Market include Arysta Lifescience, BASF, Bayer, Central Life Sciences, Degesch America, Dowdupont, FMC, Hedley Technologies, Nufarm, Sumitomo Chemical, Syngenta, and UPL.
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