The report of Microencapsulated Pesticides Market by Type (Herbicides, Insecticides, Fungicides, and Rodenticides), Technology (Physical, Physico-chemical, and Chemical), Application Sector (Agricultural and Non-agricultural), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 11.55% during the forecast period.
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.
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.
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 consumption 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 key players of the global Microencapsulated Pesticides market are 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, and BotanoCap Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Microencapsulated Pesticides Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Microencapsulated Pesticides Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Microencapsulated Pesticides Market positioning of competitors.
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