Global Microencapsulated Pesticides Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of 11.55% during the forecast period.
Global Microencapsulated Pesticides Market
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Global Microencapsulated Pesticides Market: Overview
Microencapsulated pesticides are pesticide with active constituent- dry or liquid encapsulated by a protective coating. The coatings may be plastic, starch, or other material. Microencapsulated pesticides are mixed with water and sprayed out on crops similar to other sprayable pesticide formulation.
Global Microencapsulated Pesticides Market: Dynamics
Pest is a term used for insects or any other organisms which are usually damaging to crops and animals. They harm plants by feeding on leaves and burrow in stem, roots, and fruits, which even result in the death of the plant. Some pests even transmit bacterial, fungal, or viral infection in plants, like aphids affecting viral disease in sugar beets and potatoes. Pesticides also help to cut the cost of weeding related to hand weeding. Many waterborne and insect-transmitted diseases, for example, malaria, dengue are controlled with the help of pesticides. Microencapsulation of pesticides is mainly used for increasing the productivity of pesticides and are done by controlled release technique. Microencapsulated pesticides are the most appropriate options in the no-tillage/ zero tillage farming system. All these factors are driving the growth of the global microencapsulated pesticide market.
The microencapsulated pesticides are safer as compared to other chemicals considered for pest control. They also offer advantages like reduced odor, slow release of the active ingredient prolongs its efficacy, the pesticide volatilizes more slowly, and less wastage of pesticide, and these are the factors that increase the global microencapsulated pesticide market. Similarly, pesticide microcapsule systems can be planned to reduce mammalian toxicity, and extend the activity, decrease phytotoxicity, protect pesticides from environmental degradation, reduce leaching, reduce pesticide levels in the environment. As per MMR study, an average of 2,00,000 people passes away from the toxic disclosure of pesticides yearly.
Global Microencapsulated Pesticides Market: Segment Analysis
By the application sector, the agricultural segment is expected to hold a major revenue share in terms of value the global microencapsulated pesticide market by 2027. The direct use of non-microencapsulated pesticides may cause harm due to leakage, evaporation, and degradation. Therefore, the microencapsulated pesticides are chosen more in agriculture, as they keep safe the pesticide molecules from direct contact with the environment. Also, the growing agriculture sector, because of the rising demand for food across the globe is expected to be a major factor in driving revenue growth of the segment over the forecast period.
Global Microencapsulated Pesticides Market1
According to the product type, the insecticides segment is expected to hold the largest market share of the global microencapsulated pesticide market by 2027. Variation in the global climate has encouraged the growth of pests. To protect the crop from these pests and insects, insecticides are used where they act as poison to pests and insects. Generally, the R&D activities and product commercialization trends are more concentrated on microencapsulated insecticides.
Global Microencapsulated Pesticides Market: Regional Analysis
Asia Pacific market is expected to hold the largest revenue share in the global microencapsulated pesticide market, by 2027. Raising consciousness concerning the benefits related to microencapsulated pesticides is expected to be the key factor driving the growth of the Asia Pacific microencapsulated pesticide market. The Asia Pacific accounts for the largest revenue share contribution of the market, followed by markets in North America. The demand for food products, thanks to the growing population together with encouraging government policies about the usage of pesticides is expected to drive revenue growth of microencapsulated pesticides in the Asia Pacific. Also, the existence of numerous producers in the region is expected to support the Asia Pacific microencapsulated pesticide market in the future.
The objective of the report is to present a comprehensive analysis of the Global Microencapsulated Pesticides Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Microencapsulated Pesticides Market dynamics, structure by analyzing the market segments and project the Global Microencapsulated Pesticides Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Microencapsulated Pesticides Market make the report investor’s guide.
Scope of the Global Microencapsulated Pesticides Market
Global Microencapsulated Pesticides Market, By Type
Global Microencapsulated Pesticides Market, By Technology
Global Microencapsulated Pesticides Market, By Application Sector
Global Microencapsulated Pesticides Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Microencapsulated Pesticides Market
• BASF SE
• Bayer Cropscience AG
• The DOW Chemical Company
• The Monsanto Company
• Syngenta AG
• FMC Corporation
• ADAMA Agricultural Solutions Ltd.
• Belchim Crop Protection
• Reed Pacific Pty Limited
• UPL Corporation Ltd.
• EcoSafe Natural Products Inc.
• GAT Microencapsulation Gmbh
• China National Chemical Corporation
• McLaughlin Gormley King Company
• BotanoCap Ltd.
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