According to SPER Market Research, the Microencapsulated pesticides refer to insecticides where the active ingredient of the pesticide, whether in dry or liquid form, is enclosed within a polymer coating. These coatings can be composed of materials such as starch or plastic. Once mixed with water and sprayed, the plastic coating of the microencapsulated pesticide degrades, releasing the active ingredient contained within the capsule. This encapsulation process can result in a slow release of the active ingredient in some cases.
Microencapsulated Pesticides Market Overview:
- Forecast CAGR (2022-2032): 12.54%
- Forecast Market Size (2032): 1.97 billion
The global microencapsulated pesticides market is expanding, driven mainly by the increased use of these pesticides in the agricultural sector to manage pests and disease vectors. Microencapsulated pesticides can manage a wide range of pests, including insects, rodents, and weeds. The growing use of microencapsulated pesticides in agriculture is expected to be the main factor driving market expansion in the future. Microencapsulated capsules are dissolved in water before being sprayed on crops, and the slow release of the pesticide from the capsule wall regulates water loss and protects crops from insect attacks.
Insecticides are the most commonly used microencapsulated pesticides and are designed to eliminate or reduce the risk of insect attack on crops. Different insecticides function in different ways, some by affecting the nervous system of the insect and others by interfering with their exoskeleton. The use of insecticides in agriculture is increasing, and this is expected to fuel market expansion in the coming years. However, the spread of pests and insects and a lack of knowledge about microencapsulated pesticides among farmers may impede market growth.
Impact of COVID-19 on the Global Microencapsulated Pesticides Market:
The Covid-19 pandemic has had a significant impact on the microencapsulated pesticides market. The demand for these pesticides in the agricultural sector decreased due to economic constraints and regulations, leading to the suspension of pesticide production in some cases. Additionally, the production and export of fruits and vegetables declined, resulting in a decrease in demand for microencapsulated pesticides and a corresponding drop in market revenue.
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Microencapsulated Pesticides Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arysta LifeScience, BASF SE, Bayer AG, BotanoCap, GAT Microencapsulation, GAT Microencapsulation, K+S Group, Nufarm Limited, Reed Pacific, Sumitomo Chemicals, Syngenta Corp Protection, Yara International
Global Microencapsulated Pesticides Market Segmentation:
By Type: Based on the Type, Global Microencapsulated Pesticides Market is segmented as; Herbicides, Insecticides, Fungicides, Rodenticides, Others.
By Technology: Based on the Technology, Global Microencapsulated Pesticides Market is segmented as; Physio-Chemical, Chemical.
By End User: Based on the End User, Global Microencapsulated Pesticides Market is segmented as; Agricultural, Non-Agricultural.
By Region: The target market receives the largest revenue from the markets in Asia Pacific, followed by those in North America, Europe, Latin America, the Middle East, and Africa. Microencapsulated pesticides are anticipated to see an increase in sales in the Asia Pacific region as a result of rising population-related demand for food items and supportive government regulations regulating pesticide use. Also, the Asia Pacific microencapsulated pesticides market is anticipated to benefit from the presence of multiple manufacturers in the region throughout the course of the research period. Individual market-impacting elements and modifications to market regulation are also provided in the nation portion of the research, which has an effect on both the market's present and future developments.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Microencapsulated Pesticides Market Growth Demand
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