Microencapsulated Pesticides Market by Type (Insecticides, Fungicides, Herbicides, Others), Technology (Physical, Physico-Chemical, Chemical), Application (Agricultural, Non-agricultural), Mode of Application (Foliar Spray, Fertigation, Others) and Region Global Market Analysis and Forecast, 2022-2028.
Global Microencapsulated Pesticides Market Overview
Global Microencapsulated Pesticides Market was valued at USD 378.5 billion in 2021 and is expected to reach USD 747.03 billion by the year 2028, at a CAGR of 10.2%.
Microencapsulated pesticides are insecticides in which the active component of the pesticide (whether dry or liquid) is protected by a protective covering (polymer). Plastic, starch, or other materials may be used as coatings. Like any other sprayable pesticide formulation, microencapsulated pesticides are combined with water and administered as a spray. After spraying, the microencapsulated pesticide’s plastic covering breaks down, releasing the active substance contained within the capsule. The encapsulation technique can give a “timed” gradual release of the active substance in some cases. The release of the pesticide’s active ingredient may be influenced by the weather in the surroundings, depending on the physical makeup of the coating. Residues may persist on treated plants or surfaces for longer than expected if the release is slower than typical (due to factors such as dry or chilly weather). The residual impact of the insecticide, the speed of action, the odor, and the product’s safety are all variables that may be varied based on the chemistry of the polymer or modifying components in the manufacturing. The microcapsules are suspended in the liquid base of the formulation, resulting in a flowable suspension as the final product. To prevent the capsule from settling out, the formulation is combined with water and is agitated frequently.
Microencapsulated pesticide formulations have gained a lot of traction in recent years, and for good reason. The knockdown microencapsulated chemicals give great results against pests, according to pest control specialists. These pesticides are not only efficient, but they are also safer for the environment than traditional pest control agents.
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Market Dynamics And Factors For Microencapsulated Pesticides Market
Demand For Advanced Farming Equipment Is Increasing
The global market rising understanding of contemporary farming equipment such as pesticides, soil wetter, and other auxiliary products are driving the market for microencapsulated pesticides. The farmer’s main focus is on microencapsulated pesticides to boost crop output and reduce pest waste. The microencapsulated pesticides market is used to minimize insect infestations. The progress in farming practices to raise the productivity of agricultural land to meet the need for food and other natural produce can be credited to the expansion in the market for pesticide capsules. Pesticide capsules also allow the pesticides to permeate deeper into the fields, resulting in greater outcomes. Apart from agriculture, growth in the number of playing fields and stadiums at a worldwide level is increasing the need for pesticides to prevent pests from devouring particular grass in the land ideal for sports like football, cricket, and hockey. Specialty landscapes such as lawns, fields for particular uses such as botanical gardening, and exotic species are also available on the market. The demand for encapsulated pesticides is rising as the necessity for logistical and transportation assistance for agricultural output rises due to increased distances between farmlands and the consumer market.
Due to the high expenses of the method, which may make the final product prohibitively expensive, microencapsulated pesticides are particularly difficult to produce for agricultural and non-agricultural purposes. Furthermore, because of the high price, customers prefer traditional synthetic pesticides to microencapsulated pesticides, as synthetic pesticides are less expensive. Microencapsulation costs vary widely and are mostly dictated by the technology utilized. Some methods need the use of specialist equipment, while others do not. Some techniques have employed high-cost chemicals, while others have used relatively low-cost ingredients. Thus, these factors are hampered the market growth for microencapsulated pesticides.
The necessity of increasing agricultural goods is such that research and development are regarded as one of the most significant infrastructures for developing output growth. The farm delivers new and improved inputs and production processes, boosting R&D efficiency and resulting in the possible creation of more agriculture products while reducing the strain on natural resources. Agriculture products per farmer have risen in most developing nations, demonstrating the efficacy of the innovative technological application. As a result, fundamental R&D in the field of Microencapsulated pesticides in agriculture is extremely significant.
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Segmentation Analysis of Microencapsulated Pesticides Market:
Based on the type, the insecticide segment is expected to dominate the microencapsulated pesticides market over the forecast period. Aphids, an insect and a member of the superfamily Aphidoidea, are employed to control agricultural pest insects such as the beet armyworm and sap-sucking tiny insects. Some microencapsulated insecticide formulations incorporate a polymer wall that partly surrounds an organophosphate insecticide, for example, created via interfacial polycondensation of a water-soluble monomer and a water-insoluble monomer. These compositions are efficient against chewing as well as non-chewing pests like mice and rats. Chlorpyrifos, an organophosphate pesticide, is used to control foliar and soil-borne insect pests on a variety of feed and food crops in microencapsulated pesticides. As a result, the benefits of employing microencapsulated pesticides, such as their efficacy and spray ability, will drive up demand for microencapsulated pesticides throughout the projection period.
Based on the technology, the physical technology segment is anticipated to hold the highest microencapsulated pesticides market share over the forecast period. Spray drying, freeze-drying, extrusion procedures, and others are all part of the physical segment of the microoperation methodology. These methods entail hand-crafting microcapsules for application in agriculture, pharmaceuticals, and other relevant fields. It entails physically implanting the active component of certain insecticides into the microcapsule’s polymer/resin covering. The shell creation in this technique is dependent on a solid-liquid phase shift during heating or a decrease in solubility owing to solvent evaporation. Solid particles, liquid droplets, and gaseous substances are entrapped in thin films of agricultural/pharmaceutical/food-grade microencapsulating agents during the physical process of producing a microcapsule. Fluid bed/pan coating, centrifugal extrusion, spinning desk microencapsulation, and vibrating nozzle are some of the most common physical microencapsulation processes.
Based on the application, the agricultural application segment is set to dominate the microencapsulated pesticides market over the forecast period. Agriculture, particularly in the field of crop protection, is one of the most significant applications for microencapsulated pesticides. Furthermore, during storage and release, encapsulation protects the insect’s pheromone from oxidation and light. The effectiveness of pesticides is improved when they are released in a controlled manner using microencapsulation. It’s a good way to reduce environmental and health dangers, as well as difficulties with Maximum Residue Levels in agricultural exports. We can minimize soil infertility by targeting pests with these pesticides, which would help the market flourish. Additionally, rising product uptake, increased R&D efforts, favorable government programs toward pest control tactics and increased understanding about the advantages of microencapsulated pesticides are all driving the market. During the projected period, the segment is likely to be driven by an increase in the trend of lawns and gardens.
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Based on the model of the application, the foliar spray application segment is anticipated to hold the maximum market share throughout the forecast period. The foliar spray has an almost instantaneous effect on plants. When applied to green leafy plants like kale, for example, it produces bigger and fleshier leaves in a shorter amount of time than other dosing methods. This is because the nutrients supplied are already in the form that the plant requires. All the plant has to do now is use these nutrients after they’ve been absorbed. Foliar spray is the most effective approach to cultivating plants in areas when water is scarce. Because the plant absorbs water through its roots, this is the case. Furthermore, if you fertilize through the soil, the nutrients would most likely seep out, leaving you with a nutrient-deficient plant. To achieve the greatest effects, it is advised that it be used in conjunction with other fertilization techniques. Many of these are safe for the environment.
Regional Analysis of Microencapsulated Pesticides Market:
North America and Western Europe have been two of the most technologically advanced regions in the food and agricultural industry. In these locations, demand for microencapsulated pesticides is expected to be driven by the employment of cutting-edge technology in agricultural operations and an established processed food sector. Furthermore, several of the largest players in this business have their headquarters in these areas. Furthermore, rising knowledge of the benefits of microencapsulated pesticides in the area, as well as favorable government initiatives for integrated pest management methods, are expected to fuel demand for these pesticides throughout Europe shortly.
During the projection period, Asia Pacific is expected to be one of the fastest-growing markets for microencapsulated pesticides. The food and agricultural sector are a big contribution to the region’s economy. Furthermore, government measures to foster technical breakthroughs in this area are one of the most important reasons driving the microencapsulated pesticides market.
Latin America accounts for a sizable portion of the worldwide microencapsulated pesticides market in terms of demand. During the projection period, the market in the area is expected to grow rapidly. During the projection period, the Middle East and the rest of the world are expected to be growth areas for microencapsulated pesticides.
Players Covered in Microencapsulated Pesticides Market are:
- Syngenta AG
- Bayer AG
- BASF SE
- Monsanto Company
- FMC Corporation
- ADAMA Agricultural Solutions Ltd.
- Arysta LifeScience Corporation
- Belchim Crop Protection NV/SA
- Mclaughlin Gormley King Company
- Reed Pacific Pty Limited
- GAT Microencapsulation and other major players.
COVID-19 Impact on Microencapsulated Pesticides Market
Covid-19 worldwide pandemic influenced different economic limitations and regulations; the agriculture sector’s demand plummeted during this period. Many pesticides units were forced to halt production as a result of these severe lockdown measures, limiting the expansion of the microencapsulated pesticides market in 2020. Furthermore, to battle the COVID-19 pandemic, lockdown and quarantine procedures have curtailed the manufacture and supply of PPPs, hurting crop protection efforts throughout the world. Evidence suggests that demand for PPPs has increased as a result of individuals and organizations ordering more supply than they typically would. This will exacerbate the scarcity of PPPs on the market. For example, in China, which was hit hard early in the pandemic, PPP output plummeted and only gradually recovered after manufacturing factories were shut down during the epidemic. Furthermore, the epidemic reduced the production and export of fruits and vegetables, resulting in a fall in demand for microencapsulated pesticides, resulting in a large drop in market income for microencapsulated pesticides. In addition, the covid-19 pandemic hampered the manufacture, consumption, imports, and exports of microencapsulated insecticides. The numerous effects of the covid-19 pandemic have exacerbated the need for microencapsulated insecticides in 2020. However, due to the improving agricultural sector, demand for microencapsulated pesticides is expected to increase by the end of 2021.
Key Industry Developments In Microencapsulated Pesticides Market
- In January 2020, Eden’s Sustained encapsulation technology and numerous formulations for biological seed treatment applications were bought by Corteva.
- In November 2020, Spiropidion, an innovative new insect management technology from Syngenta, will help farmers protect their crops from destructive sucking pests in an effective and ecologically friendly way.
|Global Microencapsulated Pesticides Market|
|Base Year:||2021||Forecast Period:||2022-2028|
|Historical Data:||2016 to 2020||Market Size in 2021:||USD 378.5 Bn.|
|Forecast Period 2022-28 CAGR:||10.2%||Market Size in 2028:||USD 747.03 Bn.|
|Segments Covered:||By Type||
|By Mode of Application||
|Key Market Drivers:||
|Key Market Restraints:||
|Companies Covered in the report:||
Frequently Asked Questions :
What would be the forecast period in the Microencapsulated Pesticides Market research report?
The forecast period in the Microencapsulated Pesticides Market research report is 2022-2028.
Who are the key players in Microencapsulated Pesticides Market?
Syngenta AG, Bayer AG, BASF SE, Monsanto Company, FMC Corporation, ADAMA Agricultural Solutions Ltd., Arysta LifeScience Corporation, Belchim Crop Protection NV/SA, Mclaughlin Gormley King Company, Reed Pacific Pty Limited, BotanoCap, GAT Microencapsulation, and other major players.
What are the segments of the Microencapsulated Pesticides Market?
The Microencapsulated Pesticides Market is segmented into Type, Technology, Application, Mode of Application, and region. By Type, the market is categorized into Insecticides, Fungicides, Herbicides, and Others. By Technology, the market is categorized into Physical, Physico-Chemical, and Chemical. By Application, the market is categorized into Agricultural and Non-agricultural. By Mode of Application, the market is categorized into Foliar Spray, Fertigation, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Microencapsulated Pesticides Market?
Microencapsulated pesticides are insecticides in which the active component of the pesticide (whether dry or liquid) is protected by a protective covering (polymer).
How big is the Microencapsulated Pesticides Market?
The Microencapsulated Pesticides Market was valued at USD 378.5 Billion in 2021 and is projected to reach USD 747.03 Billion by 2028, growing at a CAGR of 10.2% from 2022 to 2028.
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This release was published on Bazeinfo.