IMARC Group, a leading market research company, has recently released a report titled “Stored Grain Insecticide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the stored grain insecticide market growth, size, share, trends and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Stored Grain Insecticide Market?

The global stored grain insecticide 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.

What is Stored Grain Insecticide?

Stored grain insecticides are agricultural methods employed to protect and control various types of stored grains from pests during the post-harvest period. It involves using fumigant and contact pesticides, including bio-insecticides, organophosphates, and pyrethroids. It is deployed by farmers during seed development, processing, and maturation phase due to the higher risk of pests gaining access to crops, leading to qualitative and quantitative losses. Consequently, stored grain insecticides are extensively utilized in on-farm and off-farm operations, often in combination with other chemical treatments, to protect several grains, including paddy, barley, dried beans, corn, nuts, cereals, wheat, millet, and cereals, from infestations. As a result, stored grain insecticides are gaining immense traction across the globe.

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What are the growth prospects and trends in the stored grain insecticide industry?

The market is primarily driven by the significant expansion in the agricultural industry. In addition, the growing population, rising demand for food, and the growing occurrence of insect infestations during the post-harvest stages contribute to the market growth. In addition, farmers frequently rely on these effective insecticides to prevent pests and insects such as khapra beetles, grain moths, and rice weevils from accessing silos, grain bins, and warehouses, resulting in increased sales of warehouse insecticides, thus influencing the market growth. Moreover, the escalating demand for improved insect and pest management solutions, including rodenticide traps, biological control, and heat treatments to prevent grain contamination, represents another major growth-inducing factor. Besides this, the growing concerns regarding food storage crises have encouraged regulatory bodies to implement favorable initiatives and develop innovative systems which are accelerating the product adoption rate. Along with this, the introduction of advanced grain storage silos capable of minimizing supply chain disruptions and several advancements in the agricultural sector is propelling market growth. Apart from this, the stored grain insecticide market is growing at different rates in numerous regions, with Asia Pacific being the largest market due to rising demand for grains, increasing focus on the reduction of post-harvest losses, and the widespread adoption of pest management solutions. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. Furthermore, the introduction of bioinsecticides derived from natural materials such as plants, bacteria, animals, and certain materials leave no harmful residues on the environment and promote the safety of individuals and environment and extensive mergers and acquisitions among key market players to produce highly effective stored grain insecticides are creating a positive market outlook.

What is included in market 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
  
  

Who are the key players operating in the industry?

The report covers the major market players including:

• Bayer AG
• Central Life Sciences
• Corteva AgriScience
• Degesch America Inc.
• Douglas Products
• Hedley Technologies
• Nufarm Limited
• Syngenta AG
• UPL Limited
  
  

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