Low harmful effects on the environment and human health are expected to drive the growth of the microencapsulated pesticides market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.
Chemical compounds used for the purpose of preventing fungi growth, killing rodents, and to kill pests and insects are known as pesticides. Microencapsulated pesticides are covered in a coating made of either plastic, starch, or other materials, which are mixed with water and then sprayed. Once the process of spraying is completed, the capsule starts to open up and dispense its active ingredients. Microencapsulation ensures the adequate release of pesticides, resulting in improved agricultural efficiency, thus leading to its high demand.
Segment Analysis:
The agricultural end-use industry segment is expected to grow at a substantial rate, as direct use of pesticides may cause problems, such as degradation, evaporation, etc. However, using the same pesticides in the microencapsulated form helps to serve the exact purpose without any causing loss in the quality of crops and soil.
The insecticides type segment is expected to account for the largest share of the microencapsulated pesticide market due to the rising R&D activities as well as the commercialization of the product.
Key Factors Impacting Market Growth:
- Increase in demand for pesticides
- Successful control on pests
- Low harmful effects on the environment and human health
- The considerable cost of production
Regional Analysis:
This report segments the microencapsulated pesticides market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the microencapsulated pesticides market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for the microencapsulated pesticides market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.
Asia Pacific is estimated to be one of the fastest-growing markets for microencapsulated pesticides during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the microencapsulated pesticides market. The Middle East and the rest of the World are estimated to be emerging regions for the microencapsulated pesticides market during the forecast period.
Companies Covered:
FMC Corporation, Reed Pacific, Bayer, Belchim, Monsanto, Mclaughlin Gormley King Company, Botanocap, Syngenta, GAT Microencapsulation, ADAMA, and Arysta Lifescience
Market Segmentation:
By Type:
- Herbicides
- Insecticides
- Fungicides
- Rodenticides
- Others
By Technology:
- Physical
- Physico-chemical
- Chemical
By End-use Industry:
- Agricultural
- Non-agricultural
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Type
- By Technology
- By End-use Industry
- Western Europe:
- By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
- By Type
- By Technology
- By End-use Industry
- Eastern Europe:
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By Technology
- By End-use Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Type
- By Technology
- By End-use Industry
- Middle East:
- By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
- By Type
- By Technology
- By End-use Industry
- Rest of the World
- By Region (South America, Africa)
- By Type
- By Technology
- By End-use Industry
Reasons to Buy This Report:
- Market size estimation of the global microencapsulated pesticides market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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