Global Grain Protectants Market - 2023-2030

Overview:

Global Grain Protectants Market reached US$ 669.2 million in 2022 and is expected to reach US$ 996.2 million by 2030, growing with a CAGR of 5.1% during the forecast period 2023-2030.

With the growing world population and rising food demand, there is an emphasis on the production of more grains. According to the International Grains Council (IGC) grain market report issued in March 2023, global grain production is estimated at 2.283 billion tonnes. By reducing the risk of contamination and spoilage, grain protectants play a vital role in preserving grain quality during storage. Hence the rising grain production acts as a key trend for gain protectants market growth.

Integrated pest management is gaining traction as a sustainable and environmentally friendly approach to pest control. IPM combines various pest management strategies, including the judicious use of grain protectants along with biological control agents, cultural practices, and monitoring techniques.

Dynamics:

Increasing Demand for Food Grains

The demand for food grains is growing along with the global population. According to Agriculture Ministry, India, as per the 3rd Advance Estimates for 2021-22, total Food grains production in the country is estimated to reach 330.53 million tonnes which is higher by approximately 20 million tonnes than the production of food grain during 2020-21. Grain protectants play a crucial role in preserving the quality of these grains during storage, ensuring they reach consumers in good condition.

People are consuming more processed and packaged food products, which often contain grains as a key ingredient. This change in consumption patterns leads to increased demand for food grains and, consequently, greater reliance on grain protectants to maintain their quality and safety during storage.

Increasing Focus on Minimizing Post-harvest Losses

The increasing focus on minimizing post-harvest losses is significantly driving the growth of the grain protectants market. According to a report published by the Intergovernmental Panel on Climate Change (IPCC), global warming and rising temperatures could cause an increase in the insect population worldwide which results in a grain loss of 10-25%.

As per the IRRI, farmers lose an expected average of 37% of their rice crop due to pests and diseases per year. By protecting grains from pests, insects, and fungi, Grain protectants play a crucial role in reducing these losses thereby contributing to improved food security. Hence, the focus on reducing and minimizing post-harvest losses of grain is driving the grain protectants market.

Increasing Resistance of Pests and Diseases to Grain Protectants

Frequent and excessive use of the same chemical protectants can lead to pests and diseases evolving resistance over time. When pests are exposed repeatedly to the same chemical, the ones with natural resistance survive and reproduce, passing on their resistant traits to the next generation.

Inadequate adoption of rotation practices or integrated pest management strategies can promote the development of resistance. Using different types of protectants or combining chemical and non-chemical approaches can help delay resistance development.

Segment Analysis:

The global grain protectants market is segmented based on control method, target pests, grain, distribution channel, and region.

Rising Demand For Chemical Grain Protectants for their Effectiveness in Controlling a Wide Range of Pests

Chemical grain protectants have been known for their effectiveness in controlling a wide range of pests and diseases. They provide quick and reliable results, protecting grains from damage during storage and transportation. In July 2023, Insecticides (India) Limited (IIL), launched a new insecticide called Mission, to effectively tackle pests in crops like paddy, sugarcane, and others. The product is available in both granule and liquid formulations. It has a unique mode of action that controls pest resistance to other insecticides.

Chemical grain protectants are typically easy to apply and require minimal equipment or specialized knowledge. This makes them a preferable option for farmers, including small-scale producers. Chemical grain protectants have been in use for decades and have a well-established market presence. Many farmers and grain handlers are familiar with these products and trust their efficacy.

Geographical Penetration:

North America's Growing Grain Production

Having the United States and Canada being popular grain-producing countries, North America is a major player in the agricultural sector. According to the government of Canada, on average, 54 million tonnes of cereal grains and oilseeds are produced in Canada annually. Annual wheat production averages 26.1 million tonnes. This growing grain production demands a large amount of grain protectant which drives its market growth in that region.

North America is home to several leading agrochemical companies that invest in the research and development of new and improved grain-protectant formulations. These innovations attract customers and drive market growth. In March 2023, ADAMA Canada decided to relaunch the lambda-cyhalothrin products for the 2023 growing season by re-labeling and selling its Silencer and Zivata insecticides across Canada. The Zivata insecticides are the best option for field corn, oats, spring wheat, etc.

Competitive Landscape

The major global players include: Corteva, BASF SE, Syngenta AG, Sumitomo Chemical Co., Ltd, FMC Corporation, Nufarm, UPL, Central Life Sciences, Arysta LifeScience Corporation, and Degesch America, Inc.

COVID-19 Impact Analysis:

COVID Impact

During the pandemic, there were disruptions in supply chains due to lockdowns, restrictions, and transportation challenges. At the end of the 2019-2020 crop year, AAFC expects 13.7 million tons of grains and oilseeds to be carried over. This is around 2.6% less than last year. This reduced grain production demands a lesser amount of grain protectants.

The pandemic highlighted the importance of food security, leading to increased efforts to preserve and protect grains from pests and diseases. This could have led to a greater focus on using grain protectants to safeguard food supplies.

By Control Method

• Chemical

• Insecticides
  • Pyrethroids
  • Organophosphates
  • Insect Growth Regulators

• Fumigants
• Rodenticides

• Physical
  • Aeration
  • Heat Treatment
  • Traps and Baits

• Biologicals
  • Botanical
  • Microbial

By Target Pests

• Insects
  • Grain Borers
  • Weevils
  • Beetles
  • Moths

• Rodents
  • Rats
  • Squirrels

• Others

By Grain

• Corn
• Wheat
• Rice
• Others

By Distribution Channel

• E-Commerce
• Specialty Stores
• Supermarket/Hypermarket
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In May 2023, The Industrial Development Corporation of Zimbabwe(IDCZ) announced that it has invested US$2 million into its tick grease and grain protectant unit. This investment will increase the company's production capacity to 6000 tonnes of grain protectant per annum.
• In May 2023, Saraswati Group launched a new insecticide SA-IMIDAN for the Indian Market. SA-IMIDAN is applied to rice, chili, and cotton.
• In June 2022, UPL Limited, launched a new insecticide Flupyrimin, in India. To target the damaging rice pests. Flupyrimin is effective against major rice pests like brown plant hopper and yellow stem borer.

Why Purchase the Report?

• To visualize the global grain protectants market segmentation based on control method, target pests, grain, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of grain protectants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global grain protectants market report would provide approximately 69 tables, 69 figures, and 247 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies