Global Microencapsulated Pesticides Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Insecticides, Herbicides, Rodenticides, Others), Techniques (Physical methods, Physicochemical Methods, Chemical Methods), Application (Agricultural Purposes, Coatings, Textiles, Others), And By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Industry Analysis From 2024 to 2029

Updated On: June, 2024
ID: 11141
Pages: 175

Global Microencapsulated Pesticides Market Size (2024 to 2029)

The global microencapsulated pesticides market size is expected to reach 783.85 million in 2024 and reach USD 1,476.43 million by 2029, growing at a CAGR of 13.5% from 2024 to 2029.

Microencapsulated pesticides are pesticides with a dry or liquid active ingredient encapsulated by a protective layer. The liners can be made of plastic, starch, or other materials. Microencapsulated pesticides are mixed with water and sprayed on crops in the same way as other sprayable pesticide formulations. Polymeric coatings can be starch, plastic, or some other type of material. They are generally combined with water and applied in the form of a spray, like any other pesticide. After spraying, the protective polymeric coating of the microencapsulated pesticide is broken and the capsule contains an active ingredient that would be released. In some situations, the encapsulation process can provide a timer for a slow release of the active ingredient. This helps in the regular release of the pesticide. It also avoids excessive pesticide waste.

Market Drivers and Restraints

The advantageous characteristics of microencapsulated pesticides are that they are also safer compared to other chemicals designed for pest control, reduced odor, and slow release of the active ingredient, prolonging effectiveness, which volatilizes more slowly, and there will be less pesticide waste, the major drivers of the global microencapsulated pesticides market. In addition, pesticide microcapsule systems can be designed to reduce mammalian toxicity and expand activity, reduce evaporation losses, reduce phytotoxicity, protect pesticides from environmental degradation, reduce leaching; reduce pesticide levels in the environment. Additionally, microencapsulated pesticide formulations have rapidly gained popularity in the pest control industry over the years, and for good reason. Pest control professionals love the great microencapsulated removal products that are delivered to pests. Also, the services of many governments and regulatory associations, such as the United States Department of Agriculture, the United States Environmental Protection Agency, and others, are the main factors driving the market.

Few uncertainties prevent the growth of the market through the use of microencapsulated pesticides since the release of microencapsulated materials from pesticides is sometimes dependent on climatic conditions. In certain circumstances, microencapsulated materials can release ingredients more slowly than expected. This could release active ingredient residues into treated areas beyond normally restricted entry or harvest intervals, with the potential to harm workers in the field. These microencapsulated materials are also harmful to bees and other insects. Carrion bees can bring microencapsulated material to their honeycomb because they look like pollen grains and when the capsules break, they release the pesticide, poisoning these tiny insects.

Impact Of COVID-19 On Microencapsulated Pesticides Market

The current health crisis surrounding Coronavirus has affected all walks of life. Governments around the world have implemented strict lockdown conditions to curb the transmission of this virus. The temporary halt of production units has resulted in declined revenue in the microencapsulated pesticides market. However, with the relaxation of lockdown conditions, the market is supposed to bounce back to its regular levels in the coming years.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

11.55%

Segments Covered

By Application, Type, Technique, And Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Syngenta, GAT Microencapsulation, Reed Pacific Pty Limited, ECOSAFE Natural Products Inc., FMC Corporation, ADAMA Agricultural Solutions Ltd., Monsanto, FMC Corporation, Bayer AG, and BASF among others

 

SEGMENTAL ANALYSIS

Global Microencapsulated Pesticides Market By Application

One of the most critical forms of microencapsulated products is found in agriculture, mainly in the area of ​​crop protection. Additionally, encapsulation protects the insect pheromone from oxidation and light during storage and release. Controlled release of pesticides by microencapsulation improves efficacy. This is an appropriate approach to reduce environmental and health risks and concerns regarding maximum residue levels in exported agricultural products. By using these pesticides, we can reduce soil infertility by targeting pests that can drive market growth. Additionally, increasing product adoption, increased research and development activities, government programs supporting pest control practices, and growing awareness of the benefits of microencapsulated pesticides and these factors are driving the market. The growing trend of lawns and gardens is expected to drive the segment during the forecast period.

Global Microencapsulated Pesticides Market By Type

Insecticide is an important segment of the world market. Insecticides are used in different activities as gels, sprays or as bait. They are beneficial in the fields of forestry, agriculture, and public health. The proportion of insecticides is expected to increase at an impressive rate during the forecast period. For example, according to the Simmons National Consumer Survey (NHCS), 188.66 million Americans used insecticides in 2018 and this is expected to increase to 193.57 million by 2020.

REGIONAL ANALYSIS

The Asia Pacific market recorded a significant revenue share of the global microencapsulated pesticide market in the review period and is expected to maintain its dominance over the foreseen period. Knowledge of the benefits of microencapsulated pesticides is likely to be an important factor in the growth of the microencapsulated pesticide market in Asia-Pacific. Asia-Pacific represents the largest contribution in revenue share of the target market, followed by the North American, European, Latin American, and Middle East and African markets, respectively. Increasing demand for food products due to population growth, coupled with favorable government policies on pesticide consumption, is supposed to drive growth in revenue from microencapsulated pesticides in the Asia-Pacific. Additionally, the presence of a large number of manufacturers in the region is estimated to support the Asia-Pacific microencapsulated pesticide market during the conjecture period.

KEY MARKET PLAYERS

Major players in the global microencapsulated pesticides market include Belchim Crop Protection, Syngenta, GAT Microencapsulation, Reed Pacific Pty Limited, ECOSAFE Natural Products Inc., FMC Corporation, ADAMA Agricultural Solutions Ltd., Monsanto, FMC Corporation, Bayer AG, and BASF among others.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

In December 2016, Belgian company Belchim Crop Protection acquired Engage Agro USA, based in Prescott, Arizona. In December, Belchim obtained a controlling interest (60%) in Engage Agro, based in Guelph, Ontario. This decision established a direct presence for Belchim in the North American crop protection market.

DETAILED SEGMENTATION OF THE GLOBAL MICROENCAPSULATED PESTICIDES MARKET INCLUDED IN THIS REPORT

This research report on the global microencapsulated pesticides market is segmented and sub-segmented into the following categories.

By Application

  • Agriculture
  • Textiles
  • Others

By Type

  • Insecticides
  • Herbicides
  • Fungicides
  • Rodenticides

By Technique

  • Physical methods
  • Physicochemical methods
  • Chemical methods

By Region

  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
  • North America

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