Microencapsulated Pesticides Market Size- By Type, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Microencapsulated Pesticides Market Overview
According to SPER Market Research, the Global Microencapsulated Pesticides Market is estimated to reach USD 1.97 billion by 2032 with a CAGR of 12.54%. Microencapsulated pesticides are insecticides in which the pesticide active ingredient (whether dry or liquid) is encapsulated (covered) (polymer). Coatings can be made of starch, plastic, or another material. Microencapsulated pesticides, like any other sprayable pesticide formulation, are mixed with water and applied as a spray. After spraying, the microencapsulated pesticide's plastic coating degrades, releasing the active ingredient contained within the capsule. The encapsulation process can provide a timed slow release of the active ingredient in some cases.
Impact of COVID-19 on the Global Microencapsulated Pesticides MarketDuring the Covid-19 worldwide epidemic, the agricultural sector's demand fell as a result of numerous economic constraints and regulations. The manufacture of numerous pesticide units was forced to stop due to these stringent lockout measures, which will restrain the market for microencapsulated pesticides in last two years. Also, due to the epidemic, the production and export of fruits and vegetables declined, leading in a decrease in demand for microencapsulated pesticides, culminating in a large decrease in the market revenue for microencapsulated pesticides.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By End User, By Technology.
Regions covered Asia Pacific, Europe, Middle East and Africa,North America, Latin America
Companies Covered 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.