Management of stored product insects is a major concern and widely researched topic in the food and grain processing and storage industry. In the scenario of estimated utilization of produces exceeding the production, postharvest losses should be properly controlled to feed the growing population. The prevailing disinfestation techniques are forced to meet regulatory standards and market demands. The resistance developed by insects, environmental concerns, and occupational hazards lead to the vanishing of many chemicals used in insect and pest management programs. Some of the major disinfestation techniques such as the use of chemical fumigants, ozone, irradiation, dielectric heating, extreme temperature treatments, and bio rational approaches are discussed, particularly on the storage of cereal grains and its products, as they contribute to a significant proportion of food consumed worldwide. Newer techniques such as nonthermal plasma and metabolic stress disinfestation and decontamination for stored pest control are developed and evaluated in different parts of the world. The knowledge about the mode of action of these disinfestation techniques is important to avoid the cross-resistance and multiple resistance developed by insects with frequently used techniques. Various alternatives to conventional fumigants are discussed in this review as there is a growing demand for toxic-free, environment-friendly, and, at the same time, efficient techniques.