Grain Protectants Market

Global Grain Protectants Market Size (2024 to 2032)

The global grain protectants market was valued at USD 661.5 million in 2023 and is anticipated to reach USD 694.58 million in 2024 from USD 1026.20 million by 2032, growing at a CAGR of 5% from 2024 to 2032.

The remarkable growth of the market can be attributed to the need to store grain to overcome the impact of fluctuations in grain market prices. Farmers, traders, and stockists store their grain in warehouses until desirable market prices are received and demand for grain exceeds supply. Another challenge encountered during grain storage is post-harvest loss caused during storage due to pest infestation. To overcome such a challenge, cereal preservatives are widely used to protect cereals from pest loss during storage, which in turn is driving the growth of the grain protectants market. However, the frequent use of grain protection chemicals has led to increased insecticide resistance in insects, hampering chemical insecticide sales and the growth of the global grain protection market. The main challenge for the market players is the availability of chemical residues used to protect grains.

The grains are hard, small and dry, which are attached or not with a fruit or a shell. It is generally collected for animal and human consumption. Cereals are classified into two other types, such as legumes and cereals. Once harvested, dried grains are more durable than starchy fruits (breadfruit, bananas, and others) and tubers (cassava, sweet potato, and others). The durability of cereals is well suited to industrial agriculture. The grains can be collected mechanically and transported by boat or rail, with a long storage period, grinding to obtain flour, and pressing to obtain oil.

Market Drivers

Increased use of grain protection products to reduce grain losses, augmented need for the management of various pests, plant diseases, weeds, and others, and increased advancement in technologies that are likely to improve the growth of the grain protectants market over the forecast period 2022 - 2027. On the other hand, the growing demand for the IPM system for stored grains, together with the development of advanced products, will provide more opportunities for the growth of the global grain protectants market during the conjecture period.

Market Restraints

The resistance to pests together with the decrease in the number of residues in the chemical-based protective products acts as market constraints for the growth of grain protective agents during the forecast period mentioned above. Ineffective post-harvest practices coupled with low adoption rate will become the biggest challenge for market growth.

Impact Of COVID-19 on Grain Protectants Market

The emergence and rapid spread of the coronavirus on all continents has sent unique signals to international markets and economies of countries. The Mediterranean (particularly its southern and eastern coasts) is not spared, being one of the region’s most sensitive to the volatility of global prices due to its dependence on international trade.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Grain Protectants Market By Type

Fumigants are gaseous pesticides that control pests in agricultural fields, structures such as buildings and apartments, warehouses, and various other sites. Fumigants are generally biocides - chemicals that can kill or harm living organisms with which they come in contact. Rodenticides are pesticides that kill rodents. Rodents include not only rats and mice, but also squirrels, marmots, chipmunks, porcupines, otters, and beavers. Although rodents play an important role in nature, they can sometimes require control. Microbes are small living things around us that are too small to be seen with the naked eye. They live in water, soil, and air. Some germs make us sick, others are important to our health. A plant is a plant or part of a plant valued for its medicinal or therapeutic properties, its taste, and/or its fragrance.

Global Grain Protectants Market By Pest

Weevils are beetles belonging to the Curculionoidea superfamily, known for their elongated snouts. They are usually small, less than 1⁄4 inch (6 mm) long, and herbivorous. About 97,000 species of weevils are known. They belong to several families, most of which belong to the Curculionidae family (the true weevils).

Global Grain Protectants Market By Grain Type

Corn is rich in fiber, vitamins, and minerals. However, the health benefits of corn are controversial: Although it contains beneficial nutrients, it can also increase blood sugar. Wheat is a grass widely grown for its seed, a cereal that is a global staple food. Oats are a whole food, scientifically known as Avena sativa. Oats, the most intact and complete form of oatmeal, take a long time to cook. For this reason, most people prefer rolled, shredded, or steel-cut oats. Instant (quick) oatmeal is the most processed variety.

REGION ANALYSIS

North America is a leading part of the world market, followed by Asia Pacific and Europe. The decrease in arable land and the increase in population have led to an increase in the need for food security in the world. In addition, growing concern about the damage and spoilage of food grains due to the pest outbreak has led to an increase in the use of grain protectants. Developing regions such as Africa and Asia-Pacific lack the necessary infrastructure for technological advances in grain storage and are not informed about efficient grain storage methods.

KEY MARKET PLAYERS

Key players operating in the global grain protectants market are BASF SE, Sumitomo Chemical, Bayer, Nufarm, UPL, DowDuPont, Syngenta, FMC Corporation, Arysta LifeScience Corporation, Hedley Technologies, and Degesch America. 

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

• Nufarm Americas, Inc. has launched the Panther MTZ herbicide, which is developed to aid growers in weed management, and durable residual control that can enhance spring flexibility.

• Spinosad effectively controls economically significant beetle and moth pests associated with stored grains and is also effective against some species of psocids.

• Sumitomo Chemical rose 7.83% to Rs 227.45 after the company said it had partially started operations after obtaining authorization from government authorities.

• BASF has developed the new Joncryl 953X range for 1K water-based systems to protect and enhance the beauty of wood while meeting the needs for durability.

DETAILED SEGMENTATION OF THR GLOBAL GRAIN PROTECTANTS MARKET INCLUDED IN THIS REPORT

This research report on the global grain protectants market is segmented and sub-segmented into the following categories.

By Type

• Chemical
  • Insecticides
  • Fumigants
  • Rodenticides
• Physical
  • Traps & baits
  • Aeration
  • Heat treatment
• Biological
  • Microbials
  • Botanicals

By Pest

• Insects
  • Grain borers
  • Weevils
  • Beetles
  • Moths
• Rodents
• Others (Fungal species, mites, and birds)

By Grain Type

• Corn
• Wheat
• Rice
• Others (sorghum, millet, barley, and oats)

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa