Insecticides including contact and fumigant insecticides are used to protect grains such as rice, maize, wheat and soybean among others which are stored post-harvest. The stored grain insecticides market is expected to have a significant growth rate driven by market pressure to sustain grain quality to gain optimum market value and increasing focus on reducing post-harvest grain losses. There has been a growing demand for storage and warehousing facilities for grains in order to meet the demand throughout the year. Infestation of stored grains by insects is also on the rise which is expected to fuel the demand for insecticides thus driving growth of the market. However, availability of alternative methods to protect stored grain such as fumigation, aeration and use of traps and baits is expected to restrict the market growth. Also, there are regulations on the overuse of pesticides in some nations which is expected to hamper the market growth opportunities. The developing countries such as China, India and Brazil are expected to have high market growth due to rising insect infestation and growth of grain exports from these regions.
Market pressure to sustain grain quality
Increase in the infestation of stored grain by insects
Growing demand for grain storage and warehousing
Availability of alternative methods
Regulation on the overuse of pesticide
InNovember 2016,BASF and FMC Corporation announced agreement to bring the next generation of crop care to corn furrow.
The Stored Grain Insecticides Market has been analyzed through the following segments:
Middle East and Africa