Grain Protectants Market Worth $726.1 Million by 2023 - Exclusive Report by MarketsandMarkets - Seite 2

Asia Pacific is projected to dominate the market, while North America is projected to be the fastest-growing region for grain protectants through 2023. 

Asia Pacific accounted for the largest share of the grain protectants market in 2017. The dominance of Asia Pacific is attributed to the higher adoption of fumigants in countries such as China, India, Australia, Vietnam, and Thailand. Additionally, the grain production has been increasing in these countries, with the losses during storage also increasing at the rate of about 15%-20% of the total production due to ineffective and improper storage handling practices.

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The market for grain protectants in the North American region is projected to grow at the highest CAGR from 2018 to 2023, as the quantity of grains stored on farms has been high in countries such as the US and Canada. The on-farm storage system indicates the higher use of fumigants along with some contact insecticides. Moreover, the growth in the agricultural sectors of countries such as the US, Canada, and Mexico, in North America, has been promoting the growth of the grain protectants market in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer (Germany), Sumitomo Chemical (Japan), DowDuPont (US), BASF (Germany), Nufarm, (Australia), UPL, (India), Syngenta (Switzerland), FMC (US), Degesch America (US), Arysta LifeScience (US), Central Life Sciences (US), and Hedley Technologies (US).

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