What is Global Stored Product Pest Control Market?
The Global Stored Product Pest Control Market is a specialized sector within the broader pest control industry. It focuses on the management and eradication of pests that infest stored products, particularly in the agricultural sector. These pests can include a variety of insects, rodents, and other organisms that pose a threat to stored goods, such as grains, fruits, and vegetables. The damage caused by these pests can lead to significant economic losses, making effective pest control a critical aspect of storage management. The market encompasses a range of products and services designed to prevent, manage, and eliminate these pests, including chemical treatments, traps, and professional pest control services. The global nature of this market reflects the universal need for effective pest control in stored product management, with demand driven by factors such as the scale of agricultural production, the prevalence of pests, and the effectiveness of available control methods.
Aluminium Phosphide, Magnesium Phosphide, Others in the Global Stored Product Pest Control Market:
Aluminium Phosphide, Magnesium Phosphide, and other products play a crucial role in the Global Stored Product Pest Control Market. These are chemical compounds used as fumigants to control pests in stored products. Aluminium Phosphide and Magnesium Phosphide work by releasing phosphine gas when they come into contact with moisture, which is lethal to pests. These products are favored for their effectiveness, ease of use, and ability to penetrate deeply into stored products to reach pests. However, they must be used with caution due to their toxicity to humans and non-target organisms. The use of these products is regulated by various international and national laws and guidelines to ensure their safe and responsible use. Despite these challenges, Aluminium Phosphide, Magnesium Phosphide, and other similar products remain a vital tool in the fight against stored product pests.
Grain, Vegetable and Fruit, Others in the Global Stored Product Pest Control Market:
The Global Stored Product Pest Control Market is widely used in areas such as grain, vegetable and fruit storage, among others. In the grain industry, stored product pests can cause significant losses by damaging the grain and reducing its quality. Effective pest control is therefore essential to maintain the value of the stored grain and ensure it is safe for consumption. Similarly, in the vegetable and fruit storage sector, pests can cause spoilage and loss of product. Pest control measures are therefore critical to prevent losses and ensure the quality and safety of stored vegetables and fruits. Other areas where the Global Stored Product Pest Control Market is applied include warehouses, silos, and other storage facilities where pests can pose a threat to stored goods.
Global Stored Product Pest Control Market Outlook:
The Global Stored Product Pest Control Market outlook reveals that the market was valued at US$ 360.2 million in 2022. It is projected to reach a value of US$ 495.3 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period from 2023 to 2029. This growth is driven by the increasing demand for effective pest control solutions in the storage of agricultural products. The market is dominated by the top three manufacturers, who collectively hold a market share of about 45%. In terms of product type, Aluminium Phosphide is the largest segment, accounting for about 85% of the market. This dominance is due to the product's effectiveness in controlling a wide range of stored product pests.
| Report Metric | Details |
| Report Name | Stored Product Pest Control Market |
| Accounted market size in 2022 | US$ 360.2 million |
| Forecasted market size in 2029 | US$ 495.3 million |
| CAGR | 4.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Detia-Degesch, UPL Group, Shenyang Fengshou, Jining Shengcheng, Jining Yimin, Jining Yongfeng, Bayer, BASF, Nufarm |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
