Kline: Insecticide Market for Grain Storage Growing Steadily

The storage of grains amassed a volume of 1.4 billion tons at peak periods across 10 key countries profiled in Kline’s Stored Grain Insect Control: Global Market Analysis and Opportunities study.

The report, covering five major grain crops—corn, soybeans, wheat, rice, and barley—and factoring in minor grain crops, values the insecticide market for storage facilities across all analyzed countries to be $165 million in 2017.

“After a five-year high, global stocks for grains are expected to start slowing down in the next production season, lowering pressure of oversupply,” comments Aneesa Moolla, the project’s lead. “Immense stocks increased the demand for more storage facilities, leading to a solid growth for the storage insecticides market.”

Post-harvest grains can be stored in on-farm or off-farm facilities, as well as at port warehouses, containers, etc., for grains destined for exports. Countries such as Japan and Mexico choose to store solely in off-farm storage facilities (excluding export crops), while France and Germany have a greater amount stored in on-farm facilities.

The conditions at which these grains are stored are essential to the prevention of damage, with temperature, length of time, and aeration of the storage facility all factoring in reducing any potential spoiling. When these factors are not appropriately maintained, insect infestations from beetles, mites, and weevils are more likely to occur.

Insecticide applications are commonly made as an additional precautionary control measure, either in the form of a fumigant or liquid spray. Aluminum phosphide is the predominant active ingredient used for treatments, accounting for over 50% of the total sales in 2017. Other significant active ingredients include Deltamethrin, either by itself or in combination with Chlorpyrifos-methyl, Phosphine, Primiphos-methyl, and Cyfluthrin.

The industry is supplied by a multitude of companies, both large and small, especially since many products are from generic ingredients. Kline estimates the leading supplier for this global market to be Bayer, accounting for about 16% of the total market share.

In addition to insects, rodent control is also necessary to prevent contamination and damage. Kline evaluates the rodenticide market for global stored grains to be about $20 million. Rodenticide applications are typically used around the buildings, usually being either wax blocks or pellets placed in bait stations. The leading active ingredients are second generation anticoagulants, such as Bromadiolone, Difethiolone, and Difenacoum. Bell Labs/Motomco is the global leader, accounting for an almost 30% market share.

The global market is predicted to maintain steady growth in the next five years, with a CAGR of about 2%. Brazil is expected to have higher growth, as its grain export market continues to expand. Alternatively, China will have a slight decrease in storage grains as it is already at a peak production capacity.

Source: Kline

Topics:

Leave a Reply

Agrichemicals

Adjuvants

Clariant, Eastman Enter Distribution Agreement

Clariant, a world leader in specialty chemicals, and Eastman Chemical Company, a global advanced materials and specialty additives company, announced

Agrichemicals

What Does a Traceability Software Product Do in Agribusiness?

Editor’s note: This article was originally published on LinkedIn. I’ve been traveling over the last one week, on-boarding our first large

Agrichemicals

University of Utah Recognizes Aqua-Yield/Nano Institute Partnership in New Annual Report

In a newly-published annual report, the University of Utah’s Center for Technology & Venture Commercialization (TVC) touts the first-of-its-kind collaboration

Corn closeup
Herbicides

Bayer Posts More Than 300 Glyphosate Safety Studies Online

Today, Bayer marks the first anniversary of its Transparency Initiative, designed to enhance trust in the science behind crop protection

Agrichemicals

UPL Mauritius to Acquire Bioquim Group

UPL Mauritius, a subsidiary of UPL, India is set to acquire 100% shares of Bioquim Group which includes companies based

Parry-lab
Agrichemicals

Crop Protection: How to Lead Innovation in R&D Teams (Part 5)

Editor’s note: This is the fifth of seven articles in a series on Strategic R&D Management in AgChem and BioScience

Aphids Cotton
Agrichemicals

Nichino America Gets EPA Approval for Insecticide

PQZ insecticide from Nichino America, Inc. has been granted a U.S. EPA label expansion for food crop use, the company

Agrichemicals

Crystal Crop Protection Acquires Three Syngenta Brands

New Delhi-headquartered Crystal Crop Protection, a firm backed by private equity firm Everstone Capital, has acquired three insecticide and fungicide

Agrichemicals

Bayer to Offer Access to Glyphosate Studies

Bayer will soon include safety study summaries of glyphosate on its dedicated transparency platform. This next step will mark the first

Agrichemicals

What to Expect for U.S. Dicamba Use in 2019

Long-awaited news from U.S. Environmental Protection Agency on its decision to extend the registration for the new dicamba technologies arrived Halloween

Agrichemicals

Bayer: Study Shows its Soybeans Reduce Environmental Impact

Results from a five-year peer-reviewed study on Intacta RR2 PRO™ soybeans planted in South America were recently published, indicating that

Jay-Vroom-Covers-featured-image
Agrichemicals

A Salute to Retired CropLife America President Jay Vroom

Editor’s note: It goes without saying that crop protection manufacturing is a central point of interest to readers of this

US-China-Trade-War
Agrichemicals

Expect Herbicide Price Hikes in 2019

Herbicide price hikes across the board are an inevitability for 2019, as the entire U.S. ag community deals with a

Agrichemicals

Corteva to Launch New Fungicide, Starting in Asia Pacific

Corteva Agriscience announced Adavelt active as the new brand name for a novel fungicide that will offer farmers curative and

wheat-field
Agrichemicals

Albaugh Discusses 2018 Trials of CoAXium Wheat System

Albaugh announced that the CoAXium Wheat Production System driven by Aggressor herbicide exceeded expectations in 2018 performance evaluation trials, demonstrating

Agrichemicals

FMC Launches Insecticide/Fungicide

FMC Corp. has launched Ethos 3D insecticide/fungicide, formulated specifically for the novel 3RIVE 3D in-furrow application system that converts traditional

Corn-field
Herbicides

The U.S. Battle over Glyphosate Has ‘Old World’ Roots

Although it’s been in use since 1974, glyphosate has come under intense attack here in the U.S. just recently, writes

Kenya-Agriculture
Africa/Middle East

Kenya’s Crop Protection Industry Fears ‘Dire Consequences’ of New Pesticides Tax

The agrichemcials industry in Kenya is up in arms over a decision by the government to impose a 16% value-added

Agrichemicals

U.S. EPA Renews Dicamba Label, with New Restrictions

Long-awaited news from U.S. EPA came on the evening of Oct. 31 that it has decided to renew the label

Latest News

Asia

India: Enabling Modern Agriculture Through IoT

Since the first green revolution in the 1960s that radically transformed the face of Indian agriculture, the sector has consistently

Asia

Reuters: Trump Greenlights Next Round of Farm Payments in China Trade War

The Trump administration will move forward with plans to distribute a second round of payments to farmers caught in the

Markets

AgriBusinessGlobal.com: Top 10 Stories from 2018

What a year it’s been for the global agribusiness industry. While the mergers and acquisitions once again dominated headlines in

Trade Summit

Three Things We Learned at Trade Summit Southeast Asia

Since 2006 AgriBusiness Global™ (ABG) has hosted Trade Summits in all corners of the world in an effort to empower

Asia

AgFunder Releases India AgriFood Startup Investing Report

AgFunder has released the inaugural India AgriFood Startup Investing Report in collaboration with its report partner Omnivore. In this five-year