Grain Protectants Market - Forecasts From 2019 To 2024

Description

The demand for Grain Protectants is increasing on account of rising demand for grains across the world. Further, the growing population is also a factor which is anticipated to boost the market for grain protectants. Furthermore, the growing focus to reduce crop wastage during transportation and storage is expected to fuel the market in the coming years. In addition, expansion in the from of acquisitions as well as product innovations are expected to widen up the growth opportunities in the next five years. For instance, UPL acquired Arysta LifeScience Inc. The market has been segmented on the basis of crop type, method and geography. In the method type, chemical segment is expected to hold a significant share in the market on account of the high usage of insecticides and fungicides by the farmers along with the high effectiveness when compared to other methods. Geographically, Asia Pacific is projected to be a substantial share holder owing to the huge agricultural industry in countries like India and China. Further, the rising population coupled with increasing demand for grains is driving the grain protectants market in Asia Pacific.   

DRIVERS

Growing agricultural industry.

Rising initiatives to reduce crop wastage.

OPPORTUNITY

Development of new products.

INDUSTRY UPDATE 

In February 2019, UPL limited acquired Arysta Lifescience Inc., For US $4.2 Billion with an aim to strengthen its position as a global leader in agricultural solutions.

In April 2017, NuFarm Agriculture Inc. launched two new biological fungicides with the purpose of expanding NuFarms crop protection solutions.

The major players profiled in the Grain Protectants market include Central Life Sciences, Hedley Technologies Ltd., Sumitomo Chemical Co. Ltd., Bayer AG, BASF SE, UPL, Syngenta, NuFarm, FMC Corporation, The Dow Chemical Company and Degesch America Inc.

Segmentation

The Grain Protectants market has been analyzed through the following segments:

By Crop Type

Corn

Wheat

Rice 

By Method 

Physical

Chemical

Biological

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others