The demand for Grain Protectants is increasing on account of the rising demand for grains across the world. Further, the growing population is also a factor that 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 form of acquisitions, as well as product innovations, is 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, the 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 shareholder 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 the Asia Pacific.
Growing agricultural industry.
Rising initiatives to reduce crop wastage.
Development of new products.
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.
The Grain Protectants market has been analyzed through the following segments:
By Crop Type
Middle East and Africa