According to the latest report by IMARC Group, titled “Stored Grain Insecticide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global stored grain insecticide market size reached US$ 260.66 Million in 2022. Stored grain insecticide is a chemical substance that controls or eliminates insect pests in stored grains. They are widely used in a variety of grains, such as wheat, corn, rice, or barley that are susceptible to infestation by insects, including beetles, weevils, and moths. These insects can cause significant damage and reduce the quality and overall market value. Stored grain insecticides are applied directly to the grains or the storage facility to create a protective barrier or to eradicate the existing insect population. These insecticides are commercially available in various forms, such as dust, aerosols, pellets, or liquids, and their selection depends on factors, including the target insect species, the stage of infestation, storage conditions, and regulatory requirements.
Global Stored Grain Insecticide Market Trends:
The widespread product utilization for the protection of stored grains from pests, such as beetles, weevils, and moths is one of the key factors driving the market growth. In line with this, the growing adoption of stored grain insecticide owing to the rising focus on reducing financial and post-harvest loss is strengthening the market growth. Moreover, the increasing product demand to maintain grain quality and prevent spoilage, nutrient loss, and contamination, is acting as another growth-inducing factor. In addition to this, the rising food safety regulations and increasing consumer inclination toward high-quality products have prompted the adoption of preventive measures in grain storage. Furthermore, the increasing focus on sustainable agricultural practices that aim to minimize environmental impact while ensuring efficient and safe food production, which helps optimize resource utilization and minimize food waste, is contributing to the market growth. Besides this, rapid advancements in formulation technology, including the development of more effective and environmentally friendly insecticides that offer improved pest control, enhanced efficacy, and reduced environmental impact, are positively impacting the market growth. Other factors, such as increasing global trade and export requirements, the impact of climate change on pest pressure, technological advancements, expansion of storage infrastructure, and rising consumer demand for quality products, are providing remunerative growth opportunities. Looking forward, the market value is projected to reach US$ 341.95 Million by 2028, expanding at a CAGR of 4.54% during 2023-2028.
- Based on the product type, the market has been segmented as organophosphate, pyrethroids, bio-insecticides, and others. According to the report, bio-insecticides represented the largest segment.
- On the basis of the application, the market is divided into on farm, off farm and export shipments. Among these, on farm represent the largest market share.
- Region-wise, the market has been segmented into North America (the United States, Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), Middle East and Africa. According to the report, Asia Pacific was the largest market for stored grain insecticides.
- The competitive landscape of the market has also been examined, with some of the key players being Bayer AG, Central Life Sciences, Corteva AgriScience, Degesch America Inc., Douglas Products, Hedley Technologies, Nufarm Limited, Syngenta AG, UPL Limited, etc.
|Base Year of the Analysis
|Product Types Covered
||Organophosphate, Pyrethroids, Bio-Insecticides, Others
||On Farm, Off Farm, Export Shipment
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Bayer AG, Central Life Sciences, Corteva AgriScience, Degesch America Inc., Douglas Products, Hedley Technologies, Nufarm Limited, Syngenta AG, UPL Limited, etc.
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