USD 603.23 million
Microencapsulated Pesticide Market Size, Share, Growth Analysis, By Type(Insecticides, Herbicides), By Application(Agricultural, and Non-agricultural) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2054 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
75
Microencapsulated Pesticide Market Insights
Global Microencapsulated Pesticide Market size was valued at USD 603.23 million in 2022 and is poised to grow from USD 679.84 million in 2023 to USD 1769.29 million by 2031, at a CAGR of 12.7% during the forecast period (2024-2031).
The rising use of microencapsulated insecticides in agriculture to manage various disease vectors and pests is a major driver driving market expansion. This herbicide is also effective against bug infestation, invasive plants, mosquitoes, rats, mice, and various other pests. The increasing use of microencapsulated insecticides in agricultural applications is expected to be the primary driver of market expansion in the coming years.
Microencapsulated pesticides are small capsules with a circumference of 1-1000 m that are packed with liquid, solid, or gas ingredients and have been widely used in agricultural and non-agricultural applications including forestry, ornamental and turf, structural, and others. Pesticide capsules are dissolved in water and sprayed on crops. The polymer shell of the capsule dissolves in water and slowly releases the insecticide. This is a method of gradually introducing pesticides into water while also controlling its loss. Microencapsulated capsules offer a variety of advantages, including crop protection from insect attack, stealth liquid to solid conversion, reactive component separation, and more.
Insecticides are popular microencapsulated insecticides because they can lessen the impact of insects by killing individuals or stopping them from performing damaging behavior. Insecticides are designed to kill insects or to moderate or lessen the risk of attacks by insects on crops. Insecticides function in a wide range of ways, including some damaging nerve systems and others destroying their exoskeletons. Insecticide use in crop protection is anticipated to rise in the future years, contributing to market growth.
Microencapsulated insecticides are widely employed in agricultural and non-agricultural applications. These pesticides are used in agriculture to keep insects from destroying crops. Farmers use these insecticides extensively to ensure the safety and security of their crops. Growing agricultural activities as a result of rising food consumption are expected to drive up demand for microencapsulated insecticides in the coming years. Non-agricultural applications include the use of pesticides in livestock, both residential and commercial properties, food processing, & public health situations. The increased demand for pesticides in the most convenient and safest form possible is expected to drive market expansion.
The government has undertaken a number of steps to reduce the harm caused by pesticides to persons and the environment. Pesticides are a group of chemicals that can be toxic to individuals and the natural world and create a variety of problems. As a result, several governments around the world have put various rules on its consumption, transit, and storage.
US Microencapsulated Pesticide Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Agricultural
Fastest Growth
Agricultural
Growth Rate
12.7% CAGR
Global Microencapsulated Pesticide Market ($ Bn)
Country Share for Europe Region (%)
Global Microencapsulated Pesticide Market By Application ($ Bn)
Global Microencapsulated Pesticide Market By Application (%)
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Microencapsulated Pesticide Market Segmental Analysis
The global microencapsulated pesticide market is segmented on the basis of type, application, and region. Based on type, the market is segmented into insecticides, herbicides, rodenticides, fungicides, and others. Based on application, the market is segmented into agricultural, and non-agricultural. Based on region, the global microencapsulated pesticide market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Microencapsulated Pesticide Market Analysis by Type
Insecticides dominated the market, accounting for around 55% of total revenue in 2022. Its significant proportion is due to its increasing consumption for eradicating insects that may harm agricultural crops. Insecticides are regarded as the most viable alternative for farmers seeking to protect their crops against pest assault. Growing agricultural operations, combined with cheap pesticide prices, are expected to contribute to market growth in the coming years.
Herbicides are another sort of microencapsulated pesticide that is expected to increase significantly in the coming years. The increase is linked to the increased use of herbicides as pesticides and for the control of undesired vegetation. Herbicides are excellent at killing weeds and protecting crops. Herbicide demand is predicted to rise in the next few years due to an increase in agricultural, forestry, & gardening applications.
Fungicides are widely used in agriculture and gardening to keep fungi from destroying crops or plants. Fungi are devastating to agriculture, causing significant crop damage and loss of production, profit, and quality. Fungicides are widely used in agricultural applications to reduce the impacts of fungi. The increased requirement to protect crops from fungi is predicted to boost fungicide demand in the coming years.
Microencapsulated Pesticide Market Analysis by Application
Agricultural applications dominated the market, accounting for around 65% of total revenue in 2022. Its large share can be attributed to increased global food demand. Humans' basic need has always been food. Over the last few years, the world's population has increased food consumption. Food production has increased as food demand has increased, fueling agricultural activity around the world.
Microencapsulated insecticides are used extensively in agriculture to protect crops from undesirable plants, insects, fungi, and other organisms. Food demand is expected to increase in the next few years, contributing to market growth. Livestock, residential and commercial, & food processing are examples of non-agricultural applications for microencapsulated insecticides.
Global Microencapsulated Pesticide Market By Application, 2023 (%)
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Microencapsulated Pesticide Market Regional Insights
Europe dominated the microencapsulated pesticides market, accounting for approximately 34.0% of total sales in 2022. This is due to increased agricultural productivity throughout European countries. The increasing number of people and rising food consumption have been the primary drivers of market expansion in Europe. Europe is the leading producer of rice, wheat, grain, potatoes, soy beans, and other crops. Growing agricultural activities are expected to increase demand for microencapsulated insecticides in Europe in the coming years.
Asia Pacific is the world's most populous region. With 4.3 billion people, this region makes up 60% of the total global population, according to the UN Fund for Population Activities (UNFPA). The region's increasing population has been a major contributor to the region's rising food consumption, which has fueled agricultural activity. Pesticides are frequently used by farmers to safeguard their crops against insect assault. Pesticides, on the other hand, are regarded detrimental to the natural world due to their hazardous nature, however microencapsulated insecticides provide a little more safety due to their polymer cover; consequently, it is widely consumed in Asia Pacific and is expected to rise in the future.
Global Microencapsulated Pesticide Market By Region, 2024-2031
- Largest
- Fastest
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Microencapsulated Pesticide Market Dynamics
Microencapsulated Pesticide Market Drivers
Enhanced Efficacy
- Microencapsulation technology allows for the controlled release of active pesticide ingredients, resulting in improved efficacy. The encapsulation protects the pesticide from environmental degradation, extends its residual activity, and ensures targeted delivery to the intended pests or target sites.
Formulation Complexity
- Developing microencapsulated pesticides requires specialized knowledge and expertise in formulation chemistry. The encapsulation process can be complex and may involve the use of various materials and techniques. This complexity could hinder the widespread adoption of microencapsulation technology, especially among smaller pesticide manufacturers or in areas with limited technical resources.
Microencapsulated Pesticide Market Restraints
Limited Compatibility
- Microencapsulation may not be suitable for all types of pesticides or active ingredients. Some pesticides may not lend themselves well to encapsulation due to their chemical properties or interactions with the encapsulating materials. This limitation restricts the range of pesticides that can be effectively microencapsulated.
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Microencapsulated Pesticide Market Competitive Landscape
Key market players are considering major investments in production facility expansion and creation of novel products. Rapid research and development operations have propelled product design as well as quality assurance innovation. The agricultural industry's high demand for microencapsulated pesticides has produced an environment of intense competition for its manufacturers, which is expected to operate as a barrier for new entrants.
Microencapsulated Pesticide Market Top Player’s Company Profiles
- Bayer CropScience
- FMC Corporation
- Corteva Agriscience
- ADAMA Agricultural Solutions
- Nufarm Limited
- Arysta LifeScience Corporation
- UPL Limited
- Valent BioSciences Corporation
- Marrone Bio Innovations
- Isagro S.p.A.
- Certis USA LLC
- Dow AgroSciences LLC
- Mitsui Chemicals Agro, Inc.
- ADAMA Ltd.
- Sipcam-Oxon Group
- Belchim Crop Protection
- WinField United
Microencapsulated Pesticide Market Recent Developments
- In June 2021, Suterra announced the launch of BioAmp AA, the world's first trail pheromone adjuvant for the control of Argentine ants (Linepithema humile). The innovative microencapsulated formulation is compatible with nearly every non-repellent insecticide spray and fits into any ant control protocol.
- In June 2021, BASF recently launched Fendona 60 SC, an original microcapsule insecticide. This pesticide is intended to manage a wide range of pests in both residential and commercial settings, and its microencapsulated composition provides long-lasting activity.
Microencapsulated Pesticide Key Market Trends
- Increasing Demand for Sustainable Agriculture: There is a growing global emphasis on sustainable agriculture practices, which includes minimizing the environmental impact of pesticide use. Microencapsulated pesticides offer controlled release, reduced leaching, and targeted delivery, making them an attractive option for farmers seeking sustainable pest control solutions.
- Adoption of Integrated Pest Management (IPM) Strategies: Integrated Pest Management focuses on a holistic approach to pest control, integrating various pest management techniques. Microencapsulated pesticides fit well into IPM strategies as they provide targeted and prolonged release, reducing the need for frequent applications and minimizing the development of pesticide resistance.
- Shift towards Precision Agriculture: Precision agriculture techniques, such as GPS-based monitoring and variable rate technology, are gaining traction in the agricultural industry. Microencapsulated pesticides can be precisely applied in small doses to specific areas, aligning with the principles of precision agriculture and reducing wastage.
- Focus on Worker and Environmental Safety: There is a growing concern for worker safety and minimizing the exposure to pesticides during handling and application. Microencapsulation technology allows for the development of safer formulations, reducing the risks associated with direct contact, inhalation, or accidental exposure.
Microencapsulated Pesticide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global microencapsulated pesticide market analysis, the rising use of microencapsulated insecticides in agriculture to manage various disease vectors and pests is a major driver driving market expansion. This herbicide is also effective against bug infestation, invasive plants, mosquitoes, rats, mice, and various other pests. The increasing use of microencapsulated insecticides in agricultural applications is expected to be the primary driver of market expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 603.23 million |
| Market size value in 2031 | USD 1769.29 million |
| Growth Rate | 12.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microencapsulated Pesticide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microencapsulated Pesticide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microencapsulated Pesticide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microencapsulated Pesticide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microencapsulated Pesticide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microencapsulated Pesticide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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