Global Stored Grain Insecticide Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

The market growth is fueled by sustained pressure to secure better prices for grains during the post-harvest stage and an intensified focus on reducing post-harvest losses. A significant challenge faced by many small-scale farms worldwide is the lack of adequate storage facilities. This deficiency often results in an inability to store surplus grains, leading to increased post-harvest losses.

Governments in several countries are increasingly recognizing the importance of addressing their impending food storage crises. As a response, they are investing more in the construction of high-tech grain storage silos. This infrastructure development is expected to boost the demand for insect grain protectants, as these storage facilities require effective pest control measures to maintain grain quality.

The global pandemic has further accentuated the need for grain stocking and storage due to disruptions in the supply chain. To safeguard their stored grains from pest infestations during this uncertain period, farmers are increasingly demanding stored grain insecticides. This elevated demand is not limited to the logistics sector but extends across the agricultural industry.

If it continues into the third quarter of 2021, the market for stored grain insecticides is anticipated to experience further growth globally. This growth is driven by both the immediate challenges posed by the pandemic and the long-term strategies governments and farmers are adopting to ensure food security and reduce post-harvest losses.

Global Stored Grain Insecticide Segment Analysis

In this report, the Global Stored Grain Insecticide Market has been segmented by Product Type, Application Type and Geography.

Global Stored Grain Insecticide Market, Segmentation by Geography

In this report, the Global Stored Grain Insecticide Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Stored Grain Insecticide Market Share (%), by Geographical Region, 2023

According to a report by the FAO, rising temperatures in India's temperate crop-growing regions are contributing to increased insect activity. This climatic change is resulting in nationwide crop losses, affecting the cultivation of key crops like rice, corn, and wheat. For every degree Celsius increase in mean surface temperature, crop yields are diminishing by an estimated 10-25%.

In India, the most prevalent pests causing damage to grain storages include the rice weevil, khapra beetle, grain moth, and various types of grain borers like the lesser grain, hooded-grain, and paddy borer. These pests pose threats to a wide range of stored grains, including rice, wheat, maize, jowar, barley, and others. The escalating infestation of stored grains by these insects is driving the demand for stored grain insecticides in the countryNorth America represents one of the leading regions in the Global Stored Grain Insecticide Market, driven by advanced agricultural practices, technological advancements, and stringent quality standards. The region has a well-established infrastructure for grain storage and pest management, contributing to the demand for effective stored grain insecticides.

Europe, with its diverse agricultural landscape and strong emphasis on sustainable farming practices, also holds a significant share in the market. The region's focus on reducing post-harvest losses and ensuring food safety has propelled the adoption of stored grain insecticides among farmers and agricultural enterprises.Asia Pacific, being a major agricultural hub with countries like India and China, accounts for a substantial portion of the Global Stored Grain Insecticide Market. The region's growing population, coupled with increasing food demand and challenges posed by climate change, has intensified the need for effective pest management solutions in grain storage.

The Middle East and Africa region presents unique opportunities and challenges in the Global Stored Grain Insecticide Market. While some countries in this region are investing in modern grain storage facilities and pest control measures, others face infrastructure limitations and climate-related issues that impact the demand for stored grain insecticides.Latin America, known for its diverse range of agricultural commodities and extensive grain production, also plays a crucial role in the Global Stored Grain Insecticide Market. The region's rich agricultural heritage, combined with increasing investments in agricultural research and development, is driving the adoption of stored grain insecticides to protect and preserve grains during storage.

This report provides an in depth analysis of various factors that impact the dynamics of Global Stored Grain Insecticide Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis.

Drivers

• Increasing Demand for Grains
• Focus on Reducing Post-Harvest Losses
• Climate Change
• Technological Advancements -

  The Global Stored Grain Insecticide Market, introducing innovative solutions to enhance efficiency, sustainability, and effectiveness in pest management. Advanced formulation technologies, such as nano-formulations and controlled-release formulations, enable targeted delivery of active ingredients in insecticides, improving their efficacy while minimizing environmental impact. Biological control agents, derived from beneficial microbes and natural enemies of pests, offer sustainable and environmentally friendly alternatives to chemical insecticides. Digital monitoring systems, automation technologies, and precision agriculture tools allow for real-time monitoring of pest activity in grain storage facilities, optimizing insecticide application and reducing wastage. These advancements promote a more integrated and holistic approach to pest management, combining cultural, biological, and chemical control methods into comprehensive strategies.

  The digital transformation further extends to e-commerce platforms and digital marketplaces, revolutionizing the marketing, sales, and distribution of stored grain insecticides. Online sales channels and digital marketing campaigns enhance market visibility and accessibility, reaching a wider audience of farmers and agricultural enterprises. Remote sensing technologies and satellite imaging provide valuable insights into crop health, pest infestations, and environmental conditions, enabling efficient monitoring and decision-making across large agricultural areas. Blockchain technology and traceability systems are also being explored to enhance transparency and traceability in the stored grain supply chain, ensuring quality and compliance with regulatory standards. Collaborative research initiatives and open innovation platforms foster knowledge sharing, technology transfer, and collaborative problem-solving, accelerating innovation and continuous improvement in the Stored Grain Insecticide Market.

Restraints

• Regulatory Constraints
• Environmental Concerns
• Resistance Development
• Health and Safety Issues -

  Exposure to these chemicals can pose risks to farmers, agricultural workers, and consumers, leading to potential adverse health effects. Prolonged or improper exposure to insecticides may result in skin irritations, respiratory problems, and more severe health conditions. Furthermore, the accumulation of pesticide residues in food grains can raise concerns about food safety and consumer health. Residue levels exceeding regulatory limits can compromise the quality and safety of grains, impacting both human health and marketability. Additionally, the misuse or overuse of insecticides can lead to environmental contamination, affecting soil and water quality, harming beneficial insects, and disrupting local ecosystems.

  To address these health and safety concerns, regulatory bodies and agricultural organizations are implementing measures to promote safe handling, application, and disposal of stored grain insecticides. Training and educational programs are being developed to educate farmers and agricultural workers about the risks associated with insecticide use and the importance of adopting safety precautions. Personal protective equipment (PPE), such as gloves, masks, and protective clothing, is recommended to minimize exposure during insecticide handling and application. Integrated Pest Management (IPM) practices that combine various pest control methods, including cultural, biological, and chemical controls, are being promoted to reduce reliance on chemical insecticides and mitigate health and environmental risks. Furthermore, the development and adoption of safer and environmentally friendly insecticides, such as biological control agents and natural repellents, offer promising alternatives to traditional chemical insecticides, addressing health and safety concerns while maintaining effective pest control in grain storage facilities.

Opportunities

• Growing Demand for Organic and Natural Solutions
• Innovative Formulations and Technologies
• Digitalization and Precision Agriculture
• Infrastructure Development in Emerging Markets -

  As these markets continue to grow and modernize their agricultural sectors, there is a significant focus on improving grain storage facilities, transportation networks, and distribution channels. In many emerging economies, outdated and inadequate infrastructure poses challenges for grain storage, leading to increased post-harvest losses due to pest infestations and poor quality control.

  Investments in infrastructure development, particularly in grain storage facilities, are essential to enhance the demand for stored grain insecticides. Modern storage facilities equipped with proper ventilation, temperature control, and pest management systems can significantly reduce post-harvest losses and the need for insecticides. Additionally, improvements in transportation and logistics infrastructure can facilitate the efficient distribution of stored grain insecticides to remote and rural areas, increasing accessibility for farmers and agricultural enterprises.

Key players in Global Stored Grain Insecticide Market include -

• Bayer Crop Science AG
• Syngenta AG
• Nufarm Ltd,
• UPL Limited
• Corteva AgriScience
• Douglas Products
• Hedley Technologies
• Degesch America Inc.

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis