Grain Protectants Market: Sustainability and Regulations Drive Market Expansion
The global grain protectants market is primarily driven by a growing preference for sustainable products and increasing government initiatives. These factors are fueling demand as consumers and industries alike shift towards eco-friendly solutions and supportive regulatory frameworks.
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According to TechSci Research report, “Grain Protectants Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Grain Protectants Market was valued at USD 678.49 Million in 2023 and will see a steady growth in the forecast period at a CAGR of 5.47% through 2029. The heightened awareness among consumers regarding grain protectants has significantly influenced a positive market outlook for these products. In the global trade of agricultural commodities, especially grains, the need for prolonged transportation poses numerous challenges. Grains in transit are susceptible to pest infestations, mold growth, and deterioration, underscoring the critical role of effective grain protectants in preserving the quality and integrity of these commodities during extended shipping periods.
Different countries maintain varying regulations and standards regarding the import and export of agricultural products. Grain protectants play a pivotal role in ensuring compliance with these regulations by preventing the introduction of pests and contaminants during cross-border trade. This not only facilitates smoother international trade but also aids countries in upholding their agricultural standards and safeguarding local ecosystems from invasive species.
International trade inherently carries the risk of introducing new pests to different regions. Grain protectants play a crucial role in mitigating this risk by curtailing the spread of pests through traded agricultural commodities. Protecting local ecosystems and agricultural industries from foreign pests is paramount for maintaining biodiversity and agricultural productivity. By employing grain protectants, exporters can mitigate the risk of their products becoming vectors for pest introductions, thereby safeguarding global agricultural health.
Meeting international quality standards and specifications is another vital aspect of grain trade. To meet these requirements, grains must maintain their quality and appearance throughout the trade process. Grain protectants significantly contribute to preserving the physical and nutritional quality of grains, meeting the expectations of both exporters and importers. This assurance of quality helps bolster the reputation of exporters in the global market and instills confidence in importers regarding the products they procure.
Post-harvest losses, particularly during transportation and storage, pose significant challenges in long-distance trade. Grain protectants play a crucial role in mitigating these losses by preventing infestations, fungal growth, and deterioration, ensuring grains reach their destination in optimal condition. By reducing post-harvest losses, grain protectants not only enhance the profitability of farmers and exporters but also contribute to food security by ensuring a stable supply of quality grains.
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The Global Grain Protectants Market is segmented into Control Method, Target Pest, Grain Type, Regional Distribution, and Company.
Based on Target Pest, rodents emerged as the dominating segment in the Global Grain Protectants Market during the forecast period. Rodents present a significant peril to stored grains on a global scale. They demonstrate remarkable adaptability and can infiltrate grain storage facilities, resulting in extensive harm and financial loss. Infestations by rodents lead to substantial economic ramifications for farmers, storage facility operators, and grain traders alike. Such losses may stem from grain consumption, contamination caused by rodent droppings and urine, as well as damage to infrastructure.
Given rodents' rapid reproductive rates and their ability to overwhelm conventional control methods swiftly, there is an imperative need for effective grain protectants to thwart infestations and mitigate associated damages. Additionally, with the escalation of global trade, there is an augmented risk of introducing invasive rodent species to new regions. This further emphasizes the criticality of implementing robust rodent control measures within the global grain supply chain.
Based on Region, Asia Pacific emerged as the fastest growing region in the Global Grain Protectants Market during the forecast period. In the Asia Pacific region, which hosts major grain producers like rice, wheat, and maize, the increasing population and food demand necessitate higher agricultural output. There's a growing need for grain protection solutions to safeguard crops from pests and spoilage.
With shifting climates and evolving pest populations, there's an elevated risk of pest infestations in grain storage facilities across the region. This has fueled demand for effective grain protectants to counter pests and reduce post-harvest losses. Regulatory bodies in the region are tightening food safety and quality standards, requiring adherence to proper grain protection measures to prevent contamination and ensure stored grain integrity, thus boosting demand for grain protectants.
Major companies operating in Global Grain Protectants Market are:
- BASF SE
- Bayer AG
- Syngenta Crop Protection AG
- Sumitomo Chemical Co., Ltd.
- FMC Corporation
- UPL Ltd.
- Central Garden & Pet Company
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"The Global Grain Protectants Market is primarily motivated by the need to maintain grain quality during extended transportation and storage periods, to meet international trade regulations, and to prevent pest infestations. Efficient grain protectants play a crucial role in preserving the quality of agricultural goods, thereby supporting worldwide food security and reducing post-harvest losses. The market encounters obstacles such as chemical residues in food, environmental repercussions, and resistance among pests. Increasing awareness of these challenges among consumers and regulatory bodies is driving the demand for greener and more sustainable alternatives.
Innovations in integrated pest management (IPM) tactics and biological solutions are emerging to tackle these issues, promoting a balanced approach to pest control. In essence, the market is adapting to fulfill the dual objectives of maintaining grain quality while addressing environmental and health concerns, ensuring a consistent supply of high-grade grains globally", said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.
“Grain Protectants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Control Method (Chemical, Physical, Biological), By Target Pest (Insects, Rodents, Others), By Grain Type (Corn, Wheat, Rice, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Grain Protectants Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Grain Protectants Market.
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