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
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