Market Size of Stored Grain Insecticides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Stored Grain Insecticide Market Analysis
The Stored Grain Insecticides Market is expected to register a CAGR of 4.70% during the forecast period.
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. Lack of storage facilities in many small scale farms across various countries led to the inability to store surplus grains resulting in increased post harvest losses. Additionally, the respective governments are 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. The prevailing pandemic across the globe has resulted in increased stocking and storage of grains due to the disruption of supply chain. In order to protect the stored grains from pest infestation, farmers tend to demand the stored grains insecticide at an increasing level. Hence apart from logistics sector, the impact of COVID-19 if extended to the third quarter of 2021,the market is further observed to grow across the globe.
Stored Grain Insecticide Industry Segmentation
All the insecticides, including contact insecticides and fumigant insecticides, which are used to protect the grains, such as rice, maize, wheat, soybean, and sorghum, among others, and are stored post-harvest, are considered under this study. The Stored Grain Insecticide Market is segmented by Product Type (Organophosphate, Pyrethroids, Bio-insecticides and Others), By Application (On-Farm, Off-Farm and Export Shipments) and By Geography (North America, Europe, Asia Pacific, South America and Africa).
| By Product Type | |
| Organophosphate | |
| Pyrethroids | |
| Bio-Insecticides | |
| Others |
| By Application type | |
| On Farm | |
| Off Farm | |
| Export shipments |
| Geography | |||||||||
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Stored Grain Insecticides Market Size Summary
The Stored Grain Insecticide Market is poised for significant growth, driven by the need to mitigate post-harvest losses and enhance storage capabilities. The increasing focus on maintaining better price stability during the post-harvest phase and the construction of advanced grain storage facilities are key factors propelling market expansion. The COVID-19 pandemic has further amplified the demand for insecticides as supply chain disruptions have led to increased grain stocking and storage. This has heightened the necessity for effective pest control solutions to protect stored grains from infestations, thereby boosting the market's growth trajectory. The market is also influenced by the substantial annual wastage of food grains due to pest infestations, underscoring the critical role of insecticides in preserving grain quality in silos, bins, and warehouses.
In emerging economies like India and China, the urgency to reduce post-harvest losses presents a lucrative opportunity for the stored grain insecticide market. The rising temperatures in temperate crop-growing regions, particularly in India, have exacerbated pest activity, leading to significant crop losses and further driving the demand for insecticides. However, regulatory measures in India aimed at controlling the overuse of these chemicals may pose challenges to market growth. The competitive landscape of the market is characterized by numerous small and medium-sized enterprises, with major players engaging in mergers and acquisitions to consolidate their market positions. North America and the Asia-Pacific regions are particularly active in terms of competition, with key companies like Bayer CropScience AG, Syngenta AG, and Corteva AgriScience playing pivotal roles in shaping the market dynamics.
Stored Grain Insecticides Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Organophosphate
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2.1.2 Pyrethroids
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2.1.3 Bio-Insecticides
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2.1.4 Others
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2.2 By Application type
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2.2.1 On Farm
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2.2.2 Off Farm
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2.2.3 Export shipments
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Stored Grain Insecticides Market Size FAQs
What is the current Stored Grain Insecticides Market size?
The Stored Grain Insecticides Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Stored Grain Insecticides Market?
Bayer CropScience AG, Syngenta AG, Nufarm Ltd, UPL Limited and Corteva AgriScience are the major companies operating in the Stored Grain Insecticides Market.
