Grain Protectants Market Overview
Grain Protectants are substances which are used for maintaining grain quality in bulk storages, especially in countries which store large amount of grain for domestic food production and export. They are used to protect grains throughout the storage period. The overall probability of maintaining grain quality depends on the complete management program.
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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.
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 segmented into five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific market accounted for the largest market share in 2017 owing to large agricultural base, large export and storage of grains, and high production of wheat and rice. China and India are the prominent countries followed by Thailand, Indonesia, and Japan. The North American market is expected to grow at the highest CAGR in the following years owing to decreasing cultivable lands and rising demand for food safety and quality. US is the prominent country in the region owing to technological advancements and efficient grain storage methods.
The European market held a significant market share in 2017 and is expected to grow at a substantial market share during the forecast period owing to rising concerns for food grain damage. Germany is the major contributor in the region owing to growing innovation and growing demand for biological methods for grain protection. Other regions contributing to the regional market growth are Switzerland, France, Spain, and the UK.
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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