Microencapsulated Pesticides Market Industry Development Scenario and Forecast to 2026

 Mark Engine
  16th-Apr-2019
 46
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The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Microencapsulated Pesticides Market Industry Development Scenario and Forecast to 2026”. The fact based research report on global Microencapsulated Pesticides Market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analysed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis on how the metal caps and closures market is expected to develop in the future.

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Dry and liquid pesticides encapsulated in small-sized plastic capsules are known as microencapsulated pesticides. The term ‘microencapsulation’ usually refers to capsule size ranging from 1 µm to 1 mm. Microencapsulated pesticides are mixed with water and sprayed. Plastic walls of capsules break on spraying and the pesticide is slowly released. This helps in gradual release of the pesticide. It also avoids loss. Microencapsulated pesticides contain an active agent and surrounded polymeric shell dispersed in polymeric matrix. The technique of microencapsulation involves packing of solid, liquid, or gaseous active ingredients within a protective coating for the purpose of protecting these ingredients from the surrounding environment. Microcapsules offer several benefits such as conversion of liquids into solids, protection of the environment, separation of reactive compounds, and superior material-handling properties.

Based on type, the global microencapsulated pesticides market has been segmented into insecticides, herbicides, fungicides, and rodenticides. Insecticides is a prominent segment of the global microencapsulated pesticides market. Insecticides are applied in different formulations such as sprays, gels, or as baits to target insects. They are beneficial in sectors such as forestry, public health, and agriculture. The insecticides segment is projected to expand at a moderate pace during the forecast period. Herbicides is another significant segment of the market. It is expected to expand at a rapid pace during the forecast period. Herbicides are chemicals used on a large scale to kill unwanted vegetation. They are generally utilized to kill or inhibit growth of weeds. Herbicides limit the growth of weeds that overpower the desired vegetation. Fungicides and rodenticides segments collectively held a minimal share of the market in 2017. However, these segments are likely to expand at a significant pace during the forecast period.

In terms of crop, the global microencapsulated pesticides market has been divided into cereals & grains, oilseeds & pulses, fruits & vegetables, and turf & ornamental. In terms of value as well as volume, the cereals & grains segment accounted for a leading share of the global microencapsulated pesticides market in 2017. The segment is estimated to expand at a significant pace during the forecast period. Cereals and grains are crops cultivated widely across the world and they are highly affected by pests. Insecticides and herbicides are primarily used for cereals and grains. Fruits & vegetables is another significant segment of the market and it is anticipated to expand at a rapid pace during the forecast period. Fruits and vegetables that need pesticides in high concentrations include peaches, nectarines, cherries, strawberries, grapes, raspberries, pear, apples, potatoes, spinach, bell peppers, and celery. The turf & ornamental segment constituted the minimal share of the market in 2017. However, it is projected to expand at a considerable pace during the forecast period. The turf & ornamental segment comprises decorative plants, cut flowers, and bulbs.

In terms of application, the global microencapsulated pesticides market has been divided into agricultural and non-agricultural. In terms of revenue and volume, the agricultural segment held a major share of the global market in 2017. The segment is estimated to expand rapidly during the forecast period, due to increase in the demand for microencapsulated pesticides, which help reduce the rate of application by 10–15 times compared to traditional formulations such as emulsifiable concentrates and suspension concentrates. The non-agricultural segment accounted for a key share of the global microencapsulated pesticides market in 2017. Increase in the trend of forming lawns and gardens is expected to drive the segment during the forecast period.

Based on region, the global microencapsulated pesticides market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of value and volume, Europe led the global microencapsulated pesticides market in 2017. The region is likely to continue its dominance during the forecast period also. Increase in favorable government initiatives for integrated pest management practices and rise in awareness about benefits of microencapsulated pesticides in the region are anticipated to drive the demand for these pesticides in Europe in the near future. In terms of consumption, North America and Asia Pacific follow Europe. China and India are expected to be highly lucrative markets for encapsulated pesticides between 2018 and 2026. In terms of demand, Latin America holds a significant share of the global microencapsulated pesticides market. The market in the region is projected to expand at a rapid pace during the forecast period. Middle East & Africa accounted for a relatively low share of the global market in 2017.

The report analyzes and forecasts the microencapsulated pesticides market at the global and regional levels. The market has been projected in terms of volume (tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global market. It also covers the expected impact of these drivers and restraints on the demand for microencapsulated pesticides during the forecast period. The report also highlights growth opportunities for the market at the global and regional levels.

The report comprises detailed value chain analysis, which provides a comprehensive view of the global microencapsulated pesticides market. Porter’s Five Forces model has also been included to help understand the competition landscape of the microencapsulated pesticides market. The study encompasses market attractiveness analysis, wherein type, crop, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global microencapsulated pesticides market by segmenting it in terms of type, crop, application, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes current and future demand for microencapsulated pesticides in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual type, crop, and application segments of the market in every region.

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The study includes profiles of major companies operating in the global microencapsulated pesticides market. The market is dominated by large players. Key players operating in the global market are Syngenta, Bayer AG, BASF SE, ADAMA Agricultural Solutions Ltd., and FMC Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides size (in terms of value and volume) of the global microencapsulated pesticides market for the base year 2017 and forecast for the period from 2018 to 2026. Market numbers have been estimated based on type, crop, application, and regional segments. The market size and forecast for each type, crop, and application segment have been provided for the global and regional markets.

Global Microencapsulated Pesticides Market, by Type

  • Insecticides
  • Herbicides
  • Fungicides
  • Rodenticides

Global Microencapsulated Pesticides Market, by Crop

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turf & Ornamental

Global Microencapsulated Pesticides Market, by Application

  • Agricultural
  • Non-agricultural

Global Microencapsulated pesticides Market, by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • Extensive analysis of market trends from 2018 to 2026 to identify growth opportunities and key market developments
  • Analysis of various processes and technologies wherein microencapsulated pesticides are used
  • Identification of key factors useful to build a roadmap of upcoming opportunities for the microencapsulated pesticides market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global microencapsulated pesticides market between 2018 and 2026
  • Detailed competition landscape of key players operating in the market to help understand the market competition level
  • Porters’ Five Forces analysis to highlight the power of buyers and suppliers in the market

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