Europe was the largest microencapsulated pesticides market in 2016. The European Crop Protection Association (ECPA) encourages the use of modern agricultural technologies in sustainable development to protect the human health and the environment.
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The key players in the Microencapsulated Pesticides Market include – BASF (Germany), Syngenta (Switzerland), Bayer AG (Germany), Monsanto (US), and FMC Corporation (US). Some of the emerging players in the microencapsulated pesticides market include ADAMA (Israel), Botano Cap (Israel), Arysta Life Science (US), McLaughlin Gormley King (US), GAT Microencapsulation (Austria),Belchim (Belgium),and Reed Pacific (Australia).
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The market in this region is also projected to be growing at the highest CAGR from 2017 to 2022.It is driven by the increasing ban on the usage of certain harmful pesticide chemicals and its formulations in European countries such as France and Germany. Italy, Spain, and the UK are other key countries considered in this market.
- Microencapsulated pesticides manufacturers and formulators
- Pesticide product traders, distributors, and suppliers
- Technical ingredient suppliers and technology providers to manufacturers
- Associations and research organizations
- Agricultural institutes and universities
- Consumers, including farmers
- Government, legislative, and regulatory bodies
- Pest control service providers
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The market is driven by growth in demand for pesticides that are effective in insect control, limits application costs, and reduces the toxicity risks to environment and human health. High cost of production is one of the major restraints for the growth of the microencapsulated pesticides market.
Based on the application sector, the agricultural segment is projected to grow at a higher rate during the forecast period. The direct use of non-microencapsulated pesticides may cause losses due to leaching, evaporation, and degradation.
Thus, the microencapsulated pesticides are preferred more in agriculture, as they provide protection to the pesticide molecules from direct contact with the environment.
Insecticides accounted for the largest share in the microencapsulated pesticides market in 2016. Globally, the research & development activities and product commercialization trends are more concentrated toward microencapsulated insecticides; hence, it accounted for the largest share in the microencapsulated pesticides market.
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The report analyzes the microencapsulated pesticides market across different type and regions. It aims at estimating the market size, in terms of value and volume, and future growth potential of this market across different segments such as type, technology, application sector, and region.
Furthermore, the report also includes in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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