Microencapsulated Pesticides Market Research Report — BASF SE (Germany), Bayer AG (Germany), ECOSAFE NATURAL PRODUCTS INC. (Canada), Syngenta (Switzerland), Monsanto Company (US), FMC Corporation. (US), ADAMA (Israel)

Market overview:

Pesticides are chemical compounds used to control and kill pests, including insects, fungi, and rodents. Pesticides used in excess may harm plants, surrounding ecosystem, and human health. Microencapsulated pesticides are liquid or dry pesticides enclosed in a protective coating made of plastic, starch, or other material. They are mixed in water and sprayed on crops. After spraying, the capsule breaks and the pesticide is released gradually, which helps in the controlled delivery of pesticides and has an effective action on targeted pests.

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Controlled release of pesticides through microencapsulation improves the efficiency of agricultural operations, which is expected to be the major market driver. Sustainable approach to reducing environmental and health risks and issues regarding Maximum Residue Levels (MRLs) in exported agricultural products can be resolved through microencapsulation technology. Use of microencapsulated pesticides reduces soil infertility by targeted spraying on pests which further boosts the market growth.

Furthermore, increasing adoption of the product, rise in R&D activities, favorable government initiatives towards integrated pest management practices, and surging awareness about benefits of microencapsulated pesticides are expected to drive the market growth. Increasing implementation of professional pest control management is further expected to provide significant growth opportunities to the key players in this market.

However, technical restraints such as storage issue and high manufacturing costs of the product are projected to hinder the market growth. Additionally, the reluctance of farmers to adopt microencapsulated pesticides is further anticipated to hamper the market growth.

Regional analysis:

The global microencapsulated pesticides market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The European market held the largest share in 2017 and is projected to grow at the highest CAGR during the review period, owing to the ban on usage of nearly 22 harmful pesticides in European countries, such as Germany and France. Germany is the leading country in the region owing to the rising health, safety, and environmental concerns; increasing R&D activities; and presence of major manufacturing companies, such as BASF SE and Bayer AG, that serve the product with improved application, excellent spray coverage, and handling properties. Other countries in the region contributing to the microencapsulated pesticides market are Russia and The Netherlands.

The North American market accounted for a significant share in 2017 due to the surging demand for the product in producing safe and healthy crops. The US is the major contributor in the region owing to the surging focus on innovation and concerns over soil fertility. The Asia-Pacific market is projected to grow at a remarkable CAGR during the forecast period owing to the rising demand for more eco-friendly pesticides, increasing crop-protection awareness, and less MRLs. India and China are the prominent contributors in the region owing to various governmental regulations, such as ‘The Insecticides Act’ in India for controlled use of pesticides. The Latin American market accounted for a small market share in 2017 owing to poor safety gear and inefficient government regulations. The Middle East & Africa market is projected to grow at a steady CAGR in the coming years owing to increasing demand for the product in the production of wheat and barley.

Segmentation analysis:

The global microencapsulated pesticides market has been segmented on the basis of product, crop type, application, technology, and region.

Based on product, the global microencapsulated pesticides market has been categorized into herbicides, insecticides, fungicides, rodenticides, and others.

By crop type, the global microencapsulated pesticides market has been classified into cereals and grains, oilseed and pulses, fruits and vegetables, and turf and ornamental.

On the basis of technology, the global microencapsulated pesticides market has been divided into physical, chemical, physio-chemical, and others. The physical segment is further bifurcated into centrifugal extrusion and vibrational nozzle. The chemical segment is further categorized into polymerization and interfacial polycondensation. The physio-chemical segment is further classified into ionotropic gelation and supercritical fluid precipitation.

Based on application, the global microencapsulated pesticides market has been bifurcated into agricultural and non-agricultural.

The global microencapsulated pesticides market has been studied across five major regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key players:

The key players involved in the global microencapsulated pesticides market are BASF SE (Germany), Bayer AG (Germany), ECOSAFE NATURAL PRODUCTS INC. (Canada), Syngenta (Switzerland), Monsanto Company (US), FMC Corporation. (US), ADAMA (Israel), BotanoCap (Israel), Reed Pacific Pty Limited (Australia), Arysta LifeScience Corporation. (US), McLaughlin Gormley King Company (US), GAT Microencapsulation (Austria), and Belchim Crop Protection (Belgium).

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Target audience:

Traders and distributors of microencapsulated pesticides
Microencapsulated pesticides manufacturers
Potential investors
Production process industries
Raw material suppliers
Nationalized laboratories
Government bodies

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