Grain Protectants Market Key Players Update, Current Industry Status, Value Share, Future Investments, Business Opportunities, Forecast To 2024
The global Grain Protectants Market has been segmented into control method, grain type, and target pest. By control method, the global grain protectants market has been classified into chemical, physical, and biological. The chemical segment dominated the market in 2017 owing to its high-effectiveness properties and diverse range of chemical compounds to prevent the attack of rodents, fungus, and insects among others. The biological method is projected to grow at a high CAGR during the review period owing to the its eco-friendly nature and less maximum residual levels (MRLs).
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Growing awareness to reduce grain losses during bulk storage is expected to largely drive the global grain protectants market. Furthermore, growing pressure on market for cost-effective price range for grain protectants during the post-harvest stage is anticipated to favor the market growth. Increasing investments on R&D facilities for product innovation to replace banned chemicals is expected to provide lucrative opportunities to the market players. Moreover, growing future prospects from integrated pest management (IPM) for bulk stored grains is expected to provide ample opportunities to the market players in the coming years. However, growing concern of residues in chemical-based protectants is likely to pose a major challenge to the market players
Some of the key players operating in the global grain protectants market are Bayer AG (Germany), DowDuPont, Inc. (US), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), Arysta LifeScience Corporation (US), Syngenta (Switzerland), FMC Corporation (US), Nufarm Limited (Australia), UPL (India), DAI (US), and Hedley Technologies Ltd (Canada).
The global grain protectants market has been analyzed across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market held the largest market share in 2017 and is expected to grow at a substantial CAGR in the coming years owing to large consumer base and growing awareness for crop protection. China and India are the major countries contributing to the regional market growth owing to rising demand for fumigants and growing demand for safe and quality crops. The North American market is projected to grow at the highest CAGR during the forecast period owing to decreasing arable lands and advanced grain protection techniques. The US is the major contributor in the region owing to growing innovation capabilities and the presence of major companies serving the product in the region such as DowDuPont, Inc. and FMC Corporation.
The global grain protectants market has been segmented into control method, grain type, target pest, and region.
Based on control method, the global grain protectants market has been categorized into chemical, physical, and biological.
By grain type, the global grain protectants market has been classified into corn, wheat, rice, and others.
On the basis of target pest, the global grain protectants market has been divided into insects, rodents, and others.
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The global grain protectants market has been studied across five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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