Stored Grain Insecticide Market Size, Share, Industry, Forecast and outlook (2024-2031)

Stored Grain Insecticide market is Segmented By Product Type (Organophosphate, Pyrethroids, Bio-Insecticides, Others), By Application (On-Farm, Off-Farm, Export Shipments), and By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Stored Grain Insecticide Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.84% during the forecast period (2022-2029).

Stored Grain Insecticide Market

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The stored grain insecticide is used to control the stored grains from the pests. The pests gain access to the stored grains at the processing stages of the grains. In addition, at the time of development and maturation of seeds, a large number of pests gain access. The pests cause damage to stored grains resulting in both qualitative and quantitative losses. The crops such as paddy, wheat, millet, barley, maize, sorghum dried beans, cotton, nuts, cereals, wheat, corn, flour, pasta are some of the major stored grains. In addition, some of the important stored grain pests include the lesser grain borer, rice weevil and rust red flour beetle which are eaten out by the pests reducing the feed grain lowering the protein content of the grain. In this case chemical treatment with insecticides is only the technique available, which works with high efficiency.

Market Dynamics:

Increasing concerns towards reducing post-harvest loses drives the market growth

To strengthen the food security in developing countries such as India, China and others the insecticides or chemical treatments are used. This is a sustainable approach to increase food availability, reduce pressure on natural resources, eliminate hunger and improve farmers livelihood. Increasing urbanization, climate change and land use for non-food crop production, intensify these concerns of increasing food demands predominantly in the developing countries. A large portion of food is lost at the end of the supply chain, known as food waste and in developed countries, food loss in the middle stages of the supply chain is relatively low due to availability of advanced technologies and efficient crop handling and storage systems. So, for strengthening food security, sustainably combating hunger, reducing the agricultural land needed for production, rural development minimizing cereal loses in supply chain is one of the resource efficient ways.  Postharvest loss accounts for direct physical losses and quality losses that reduce the economic value of crop, or may make it unsuitable for human consumption. Insecticides are mandatory for trade processes and are important for the quarantine process, as elimination of toxic substances from few crops, especially horticulture crops, is essential to increase the quality of produce in the export market.

Market Segmentation:

Bio-insecticides accounted for the highest share in global stored grain insecticide market

The bioinsecticide segment accounted for the major share in the market as these are derived from natural materials as animals, plants, bacteria and certain minerals.  These are natural, target specific, environment friendly and pests can't develop resistance against them and are promising alternative to the harmful and hazardous chemical pesticides. The bioinsecticides are considered as biological controls and are naturally occurring organisms, at the end of their life they completely biodegrade and leave no harmful residues on the crop or in the environment. This feature helps promote the safety and well-being of people who work on farms and the environment.

Biopesticides are more environmentally friendly and do not harm the soil, water supply, or wildlife, including beneficial insect. This is one of the main advantages of introducing them into a sustainable agriculture system and used in stored crops. As a part of Integrated Pest management Programs biopesticides significantly reduce the use of chemical pesticides while maintaining excellent crop yields when utilized. 

Geographical Penetration:

APAC is the dominating region during the forecast period

APAC is projected to be the dominating region as there is increasing concerns toward reducing post-harvest losses, especially from the emerging economies, such as India and China. According to Food and Agricultural Organization (FAO), the average production loss of the post-harvest produce is estimated to be around 5% in the developed countries, 7% in industrialized countries, and around 7% in developing countries, annually. The use of insecticides is a very effective method to control insects and pests in silos, grain bins, and warehouses and owing to the infestation of pests, mites, rodents, and birds, around 1,300 million metric ton of food grains are being wasted annually. As reported by FAO growing insect manifestations on the diverse crop-growing are leading to the countrywide losses in the cultivation of crops, especially for rice, maize, and wheat, by about 10-25% in regions of India.  Additionally, the Indian government has been increasingly focusing toward keeping pace with its looming food storage crises and has increased the contribution toward the construction of high-tech grain storage silos. The most common insects damaging grain storages in India are the rice weevil, the khapra beetle, the grain moth, and the lesser grain/ hooded-grain/ paddy borer. The increase in the infestation of stored grains by such insects is further enhancing the market for stored grain insecticides in the country.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major key players are Bayer CropScience AG, Degesch America, Inc., Syngenta AG, Corteva AgriScience, Nufarm Ltd, Douglas Products, Adama Agricultural Solutions, Ltd., UPL Ltd. among others. The storage grain insecticide market is highly competitive, with various small- and medium-sized companies coining reasonable shares in the world. This has resulted in a very stiff competition. The increasing product launches by the major players in different parts of the world is one of the major factors for the consolidated nature of the market. For instance, in 2020, Syngenta a world’s leading agriculture companies launched Spiropidion to protect a wide array of crops from some of the most damaging, and difficult to control, sucking pests which is an innovative new technology.

COVID-19 Impact:

Positive impact on the global stored grain insecticide market

The prevailing pandemic across the globe has resulted in increased stocking and storage of grains due to the disruption of supply chain. In order to protect the stored grains from pest infestation, farmers tend to demand the stored grains insecticide at an increasing level. Hence apart from logistics sector, the impact of COVID-19 if extended to the third quarter of 2021, the market is further observed to grow across the globe. Different conventional techniques are in practice to control insect and mold of stored grains and the National Institute of Food and Agriculture aimed to improve the safety of stored grains which increased the sales of the products.

The global stored grain insecticide market report would provide an access to approximately 61 market data tables, 57 figures and 170 pages