Grain Protectants Market Size Worth USD 750 Million With Significant Growth Rate Of 5% CAGR Between 2020-2024: Growing Demand for High Quality Grains

Grain Protectants Market Scenario

The Global Grain Protectants Market is expected to garner a revenue of USD 750 million by 2024 at a CAGR of approximately 5% during the forecast period of 2019-2024. Protectants are fundamental means of pest management in bulk storages of food grains such as wheat, corn, and rice. They are pest control methods that protect the post-harvest grains from the attack of pests, rodents, and other diseases.

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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Based on grain type, the global grain protectants market has been segmented into corn, wheat, rice, and others. The corn segment accounted for the largest market share in 2017 and is projected to grow at a robust CAGR during the assessment period owing to growing preference for corn-based products for food, fuel, chemical purposes. Furthermore, there is large post-harvest losses in storage of corn due to improper drying and storage facilities.

On the basis of target pest, the global grain protectants market has been divided into insects, rodents, and others. The insect segment held the largest market share in 2017 and is expected to register a significant CAGR during the assessment period owing to growing demand for insecticides in preventing infestations and damages that occur in the storage spaces due to insects.

Grain Protectants Market Competitive Analysis

Some of the key players operating in The Global Grain Protectants Market are Nufarm (Australia), Bayer (Germany), Corteva (US), Degesch America (US), BASF SE (Germany), Syngenta (Switzerland), FMC Corporation (US), Hedley Technologies (Canada), Arysta LifeScience Corporation (US), Central Life Sciences (US), Sumitomo Chemical (Japan), and UPL (India) are some of the key players in the global grain protectants market.

Grain Protectants Market Regional Analysis

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.

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Grain Protectants Market Segmentation

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.

Based on Target Pest, the global grain protectants market has been divided into insects, rodents, and others.

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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