Microencapsulated pesticides are chemical fertilizers enclosed in a protective layer made of starch, plastic, or some other material. These pesticides are used for localized spraying of pesticides against targeted pests, insects, fungus, and weeds. It is available to plants as per requirement and to avoid toxic effects of pesticides on environment and human beings. There is a surging demand for microencapsulated pesticides as conventional pesticides reduce the soil fertility and have adverse effects on plant growth.
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ECOSAFE NATURAL PRODUCTS INC. (Canada), Syngenta (Switzerland), Monsanto Company (US), FMC Corporation. (US), ADAMA (Israel), BASF SE (Germany), Bayer AG (Germany), BotanoCap (Israel), Reed Pacific Pty Limited (Australia), Arysta LifeScience Corporation (US), McLaughlin Gormley King Company (US), GAT Microencapsulation (Austria), and Belchim Crop Protection (Belgium) are some of the key players operating in the Global Microencapsulated Pesticides Market.
Global Microencapsulated Pesticides Market has been categorized on the basis of product, crop type, technology, application, and region. Based on product, the global microencapsulated pesticides market has been segmented into herbicides, insecticides, fungicides, rodenticides, and others. The insecticides segment dominated the global market in 2017 due to significant adoption rate and easy degradability. In addition to this, low leaching property of the product and major companies focusing on the development of insecticides formulation through R&D activities further drive the market growth. The herbicides segment is projected to grow at a healthy CAGR in the coming years due to surging demand for the product in controlling weed growth.
On the basis of technology, the global microencapsulated pesticides market has been categorized into physical, chemical, physio-chemical, and others. The chemical segment dominated the market in 2017 and is projected to be the fastest-growing due to the rising use of interfacial polymerization techniques for encapsulation of harmful insecticides and herbicides. The chemical technology is relatively cost-effective which helps in the large-scale production of the product.
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Geographically, the global microencapsulated pesticides market has been studied across the five regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
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