Microencapsulated Pesticides - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Microencapsulated Pesticides Market is accounted for $314.63 million in 2017 and is expected to reach $960.36 million by 2026 growing at a CAGR of 13.2% during the forecast period. Rising application of integrated pest management, growing demand for microencapsulated pesticides and implementation in no-tillage farming systems are some of the key factors propelling the market growth. However, huge cost of manufacture is one of the major restraints for the growth of the market.
Microencapsulated pesticides are insecticides where the pesticide dynamic ingredient is enclosed by a protective coating. These coatings may be plastic, starch or material. It is mixed with water and applied as a spray to form like a sprayable pesticide. After spraying, the plastic coating will breaks down and produces the active ingredient contained in the capsule. In some situations, the encapsulation process takes some time to produce the active ingredient. It may depend upon the weather of the environment.
By Type, Insecticide is one of the most significant pesticides. Demand for insecticides is increasing constantly due to high crop losses from insects. Insecticides are usually used to protect against insects in households, restaurants, hospitals, farms, forest plantations, etc. These substances protects from the harmful insect-borne disorder, insects pests in warehouses, and agricultural and forest pests. Increase in registration and R&D activities related to insecticides is anticipated to propelling growth of the market. It is the material used to kill insects. It is used in agriculture, medicine and by customers.
By Geography, Europe is anticipated to dominate the largest market share due to the diminishing trend for emulsifiable concentrate (EC) formulations for its destructive effect on the environment and the rising application of integrated pest management.
Some of the key players in Microencapsulated Pesticides Market include Bayer AG, BASF SE, ADAMA Agricultural Solutions Ltd, Monsanto India Limited, GAT Microencapsulation, Arysta Lifescience, MGK Insect Control Solutions, FMC Corporation, BotanoCap Ltd., Syngenta AG, Reed Pacific and Belchim Crop Protection NV/SA.
• Other Types
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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