Global Microencapsulated Pesticide Market

Global 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

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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). 

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. 'Syngenta', 'Bayer CropScience', 'BASF SE', 'FMC Corporation', 'Corteva Agriscience', 'ADAMA Agricultural Solutions', 'Nufarm Limited', 'Sumitomo Chemical Co., Ltd.', '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'

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.

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.

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.

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