#Global Microencapsulated Pesticides Market industry

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Global Microencapsulated Pesticides Their Future Use In Global Analysis And Forecast, 2022–2028.

Microencapsulated pesticides are insecticides in which the active ingredient of the pesticide (dry or liquid) is protected by a protective cap (polymer). Plastic, starch or other materials can be used as a coating. Like other sprayable pesticide formulations, microencapsulated pesticides are combined with water and applied as a spray. After spraying, the plastic cap of the microencapsulated pesticide breaks, releasing the active ingredient in the capsule. Encapsulation techniques can provide a gradual release of the active “time” in some cases.

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Microencapsulated Pesticides Market - Forecast(2024 - 2030)

Microencapsulated Pesticides Market Overview

Microencapsulated Pesticides market size is forecast to reach US$520.9 million by 2026, after growing at a CAGR of 8.3% during 2021-2026. Pesticides with a protective layer over the active ingredient are known as microencapsulated pesticides. The controlled release technique is used to boost the efficiency of pesticides by microencapsulating them. High implementation of integrated pest management programs across the globe is one of the key factors due to which the market is anticipated to accelerate during the forecast year. Also, the increasing requirement for pesticides that are efficient in insect control is expected to bolster the growth of the encapsulated pesticides market over the coming years. In addition, growing innovative and advanced developments in the agrochemicals industry for protecting the crops is positively influencing the market growth.

COVID-19 Impact

During the global pandemic, Covid-19, the agricultural sector's demand decreased due to various economic restrictions and regulations. Due to these strict lockdown measures, many pesticides units had to stop their production process, which restricted the microencapsulated pesticides market growth in 2020. In addition, due to the outbreak, the production and export of fruits and vegetables decreased, owing to which the demand for microencapsulated pesticides also decreased, causing a significant decline in the microencapsulated pesticide’s market revenue. Furthermore, because of the covid-19 epidemic, the production, consumption, imports, and exports of microencapsulated pesticides were also hindered. These multiple consequences of the covid-19 pandemic stretched the troubles for the microencapsulated pesticides market in 2020. However, the demand for microencapsulated pesticides is set to improve by the year-end of 2021, owing to the boosting agricultural sector.

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Report Coverage

The report: “Microencapsulated Pesticides Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Microencapsulated Pesticides Industry.

By Type: Insecticides, Herbicides, Fungicides, and Others.

By Technology: Physical (Spray Drying, and Others), Physico-Chemical (Coacervation, and Others), Chemical (Interfacial Polymerization, and Others).

By Application: Agriculture (Grains & Cereals, Fruits & Vegetables, Pulse & Oil Seed, Plantation Crops, and Others), Non-Agriculture (Industrial & Commercial, Residential, and Livestock).

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

Europe dominates the microencapsulated pesticides market, owing to the increasing agricultural sector in the European region. The increasing per capita income and evolving lifestyle of individuals coupled with the rising population are the major factors expanding the agriculture sector in Europe.

The pressure to use pesticides and the belief of farmers that they are very necessary for agriculture production is one of the supportive facts fueling the demand for microencapsulated pesticides in this region.

The microencapsulated pesticides are in the introduction period as very few international players are offering such products. Also, these pesticides are very costly than conventional one. Due to which market penetration will hinder in coming years.

Microencapsulated Pesticides Market Segment Analysis – By Type

The insecticide segment held the largest share in the microencapsulated pesticides market in 2020 up to 57% by revenue and is estimated to grow at a CAGR of 8.6% during 2021-2026. Microencapsulated insecticides are used to control agricultural pest insects such as beet armyworm and sap-sucking small insects’ aphids, an insect and a member of the superfamily Aphidoidea. Some formulations of microencapsulated insecticides include a wall comprising of a polymer, for instance, by interfacial polycondensation of a water-soluble monomer and a water-insoluble monomer, which partially surrounds an organophosphate insecticide. These formulations work effectively against both chewing and non-chewing pests such as mice or rats. Microencapsulated insecticides contain chlorpyrifos, an organophosphate pesticide, which is used to control foliage and soil-borne insect pests on various feed crops and food crops. Therefore, the advantages of using microencapsulated insecticides such as effectiveness, sprayable form, and others will further increase the demand for microencapsulated insecticides during the forecast period.

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Microencapsulated Pesticides Market Segment Analysis – By Technology

The physical segment held the largest share in the microencapsulated pesticides market in 2020 and is forecasted to grow at a CAGR of 8.7% during 2021-2026. The physical segment of the microoperation technique involves spray drying technology, freeze-drying, and extrusion techniques. These techniques involve the manual creation of microcapsules used in agriculture, pharmaceutical, and other related industries. It involves the physical implantation of the active ingredient of specific pesticides into the polymer/resin coating of the microcapsule. Under this technology, the shell formation depends on solid-liquid phase transition under heating or solubility reduction due to solvent evaporation. The physical process of forming a microcapsule involves the technique by which solid particles, liquid droplets, and gaseous compounds are entrapped into thin films of agricultural/pharmaceutical/food-grade microencapsulating agents. Some of the primary techniques used in physical microencapsulation technology are fluid bed/pan coating, centrifugal extrusion, spinning desk microencapsulation, and vibrating nozzle.

Microencapsulated Pesticides Market Segment Analysis – By Application

The agriculture segment held the largest share of 63% by revenue in the microencapsulated pesticides market in 2020. Microencapsulation of pesticides, fertilizers, and various other agrichemicals allows the users to precisely control the conditions under which the active ingredient is released. Microencapsulation in agriculture helps in the controlled release of crop protection products. Therefore, the microcapsules can be designed with appropriate triggers for maximum efficiency. Microencapsulation in agriculture helps in reducing environmental impact, as the content in the microcapsule is protected until conditions are right for being released. Further, microencapsulation in agriculture also helps in increased stability for biopesticides. Encapsulation can help in increasing the shelf stability of bioactive compounds and other living organisms such as bacterial spores. Therefore, owning to these factors, its use in the agriculture sector is increasing.

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Microencapsulated Pesticides Market Segment Analysis – By Geography

Europe held the largest share in the microencapsulated pesticides market in 2020 up to 35% by revenue, owing to the flourishing agriculture industry in the region. For instance, according to the data published by Eurostat, in 2019 European region produced approximately 131.8 million tons of common wheat & spelt, 70.1 million tons of grain maize & corn-cob mix, 55.6 million tons of barley, 7.0 million tons of oats, and 8.7 million tons of Rey & maslin. In 2018 European region produced approximately 115.6 million tons of common wheat & spelt, 69 million tons of grain maize & corn-cob mix, 50.1 million tons of barley, 6.9 million tons of oats, and 6.5 million tons of Rey & maslin. According to the European Commission, barley production increased from euro 1,843 million (US$ 2176.50 million) in 2018 to euro 1,911 million (US$2,139.31 million) in 2019 in France. According to the European Commission, in Spain, grain maize production increased to euro 708 million (US$792.58 million) in 2019 as compared to euro 668 million (US$788.87 million) in 2018. Thus, there is a substantial rise in the demand for microencapsulated pesticides in the region, owing to the flourishing agriculture industry in the European region.

Microencapsulated Pesticides Market Drivers

Various Advantages Associated with Microencapsulated Pesticides

Pesticides have varying degrees of health hazards in the pesticides industry, ranging from respiratory exposure to skin penetration, unsafe handling of high viscosity liquid pesticides, and hazardous organic solvents used in the formulation of pesticides. Considering all these drawbacks, microencapsulation techniques are the most efficient way to overcome these drawbacks due to their important advantages. To achieve safety, environmental, and economic benefits, it is critical to select the best encapsulating agent and calculate the process stoichiometry during the manufacturing process. Thus, the safety of the pesticides is improved considerably by microencapsulation due to hazard and exposure reduction, owing to which its adoption is increasing significantly. In addition, traditional liquid pesticide application methods have several disadvantages that microencapsulated pesticides do not. For instance, because microencapsulated plastic polymer coatings help protect the applicator from pesticide exposure, highly toxic chemicals can be mixed and handled safely. Microencapsulation prolongs the effectiveness of the active ingredient by delaying its release, resulting in fewer and less precisely timed applications. There are also other benefits included such as reduced volatility, making it so less is lost from the application site, perform well on both porous and nonporous surfaces, allows for increased effectiveness, reduced odor, a lower likelihood of staining or otherwise damaging treated surfaces, and less phytotoxicity injury to plants. Thus, these advantages associated with microencapsulated pesticides are set to increase the demand for microencapsulated pesticides in the agriculture sector, and further drive the microencapsulated pesticides market growth during the forecast period.

Increase in Demand from the Building and Construction Sector

The increasing growth in the building and construction industry in recent years is further increasing the need for repair and maintenance activities to retain and maintain the health and outlook of the building. According to Global Construction Perspectives and Oxford Economics, the global building and construction industry is estimated to earn a revenue of $15.5 trillion by the year 2030, eventually driving the need and demand for the microencapsulated pesticides market. Various microencapsulated pesticides such as fungicides and miticides are used in the building and construction sector for protection against fungus and mites or ticks. Wood mites occur often on articles of wood, such as furniture, fixtures, cupboards, and other wooden products. Wood mites tend to destroy wooden products by eroding and filtering into the articles. Therefore, microencapsulated miticides are widely used in these situations for protection against mites. Furthermore, fungus tends to get deposited in places like indoor swimming pools, restrooms, bathtubs, shower areas, bathroom walls, bathroom floors, kitchen sinks, wash areas, and other places where there is constant exposure to water. Therefore, microencapsulated fungicides are applied in such places to eradicate fungus and also decrease the future occurrence of such pests. Furthermore, other microencapsulated pesticides such as microencapsulated nematicides are used for killing plant-parasitic nematodes and plant parasites that feed on microorganisms living in water and soil. Therefore, the increase in the growth of the building and construction sector coupled with the increase in the need for maintenance of the building for health and safety purposes will further increase the demand for the microencapsulated pesticides market. This will further increase the demand for the microencapsulated pesticides market during the forecast period.

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Microencapsulated Pesticides Market Challenges

The High Manufacturing Cost of Microencapsulated Pesticides

The production of microencapsulated pesticides is particularly difficult for agricultural and non-agricultural applications due to the high costs of the technique, which may make the final product prohibitively expensive. Also, due to this high price the consumers prefer conventional synthetic pesticides over microencapsulated ones as synthetic pesticides are cheaper than microencapsulated pesticides. The cost of microencapsulation varies greatly and is largely determined by the technique used. Some techniques necessitate the use of specialized equipment, while others don't. For procedures, some methods have used expensive chemicals, while others have used very inexpensive materials. Heat-intensive processes are frequently more expensive than those that do not. To produce a "dry" product, continuous phase removal necessitates an additional processing step, which adds to the cost. Some goods, particularly those with a high value or low volume, are better able to absorb such a cost increase. As a result, it's critical to use one of the less expensive techniques to encapsulate high-volume products or those with a low-profit margin. Thus, due to the involvement of various costly techniques towards the manufacturing of microencapsulated pesticides, the production cost of microencapsulated pesticides significantly increases, as a result of which the price of microencapsulated pesticides also increases, which pose a significant challenge for the microencapsulated pesticides market.

Microencapsulated Pesticides Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Microencapsulated Pesticides market. Major players in the Microencapsulated Pesticides market are:

Syngenta AG

Bayer Crop Science LLC

Adama Agriculture Solutions

BASF Chemical Company

FMC Corporation

Corteva Agriscience

UPL Chemical Industry Company

Insecticides India Limited

Nufarm Chemicals Company

McLaughlin Gormley King Company

Reed Pacific Specialty Chemicals

MikroCaps

Acquisitions/Technology Launches

In January 2020, Corteva acquired Eden’s Sustaine encapsulation technology and various formulations in biological seed treatment applications. 

In May 2019, BASF launched Seltima, an innovative fungicide that supports the efficient production of high-quality rice, for farmers in Thailand.

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IoT and AI Integration Propel Agricultural Pheromones Market Expansion

Adoption & integration of IoT and AI in pest monitoring and expansion of agricultural sectors in developing countries is expected to drive the Global Agricultural Pheromones Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Agricultural Pheromones Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Agricultural Pheromones Market stood at USD 3.14 Billion in 2022 and is anticipated to grow with a CAGR of 14.36% in the forecast period, 2024-2028. The global agricultural pheromones market is propelled by several key factors. The rising demand for sustainable farming methods is driving the adoption of pheromones as a bio-based pest control solution.

The increasing resistance of pests to conventional chemical pesticides is influencing farmers to opt for pheromones. Supportive government initiatives promoting eco-friendly farming practices, coupled with growing awareness among farmers about the benefits of pheromones, are fueling the market growth.

The Global Agricultural Pheromones Market is a dynamic and rapidly evolving sphere that encompasses various aspects of farming and horticulture. This vast market extends across multiple regions worldwide, playing a vital role in the production, distribution, and application of pheromones in diverse ways. These include but are not limited to pest management, crop pollination, and overall agricultural sustainability. Within this market, there is a continuous focus on research and development, aiming to innovate and introduce new pheromone products.

Simultaneously, advancements in deployment mechanisms are being made to enhance efficacy and efficiency. Novel technologies such as microencapsulation and controlled release systems are being explored to extend the duration and effectiveness of pheromone-based pest control methods. Furthermore, the integration of artificial intelligence and machine learning algorithms is opening up new possibilities for precision agriculture and targeted pheromone application.

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Alongside these developments, regulatory policies are being established to ensure the responsible and safe use of pheromones in agriculture. International standards and guidelines are being formulated to address issues such as residue tolerance, ecological impact assessment, and labeling requirements. These measures are essential to maintain consumer confidence, protect the environment, and ensure the sustainable growth of the agricultural pheromones market.

It is important to highlight that the expansion of the agricultural pheromones market is driven by various factors. The increasing demand for sustainable farming practices serves as a critical catalyst, pushing for the adoption of environmentally friendly pest control methods. Additionally, the need for effective pest control solutions further contributes to the growth of this market, as farmers strive to protect their crops and maximize yields. Furthermore, the growing awareness of the negative impacts of synthetic pesticides on human health and the environment has led to a shift towards integrated pest management approaches, where pheromone-based solutions play a significant role.

The Global Agricultural Pheromones Market is a dynamic and multifaceted landscape that continues to evolve, driven by the pursuit of sustainable farming practices, the constant quest for innovative pest control methods, and the integration of emerging technologies. As farmers and researchers collaborate to address the challenges of food security and environmental sustainability, the future of agricultural pheromones holds immense potential in shaping the future of global agriculture.

The Global Agricultural Pheromones Market is segmented into type, function, crop type, mode of application, regional distribution, and company.

Based on crop type, the Global Agricultural Pheromones Market is currently being dominated by the Fruits and Nuts category. This sector has witnessed a substantial increase in the use of pheromones for pest control, largely due to the high economic value of these crops and the drive towards more sustainable farming practices. Fruit and nut farmers across the globe have adopted this technology to maximize their yield and minimize crop loss, contributing significantly to the overall market share of agricultural pheromones.

Furthermore, the implementation of pheromones in the Fruits and Nuts category has not only proven effective in pest management but has also demonstrated additional benefits. By utilizing pheromones, farmers have observed a reduction in the need for chemical pesticides, resulting in a decrease in environmental pollution and a safer working environment for farm laborers. The use of pheromones has also shown promise in improving fruit quality and extending the shelf life of harvested produce, enhancing the market value of these agricultural products.

As consumer demand for sustainable and environmentally friendly practices continues to grow, the Fruits and Nuts sector's reliance on agricultural pheromones positions it as a key player in the global market. The adoption of this technology highlights the industry's commitment to responsible farming methods and the preservation of natural resources. With ongoing research and advancements in pheromone-based pest control, the Fruits and Nuts category is poised to maintain its dominant position in the Global Agricultural Pheromones Market while contributing to the overall growth and sustainability of the agriculture industry.

Based on region, North America has emerged as the dominant player in the agricultural pheromones market and is projected to exhibit the highest growth rate throughout the forecast period. The utilization of pheromones for mating disruption has contributed to North America's prominent position in the global market. This region is expected to maintain its leadership position due to the presence of renowned companies focusing on innovative agricultural pheromones.

In the European market, the second-highest position is anticipated to be retained, driven by the increased demand for environmentally safe crop protection solutions. This demand will further propel the adoption of advanced agricultural pheromones in the region. The Asia Pacific region has witnessed significant growth in the agricultural pheromones market, with farmers embracing these solutions to enhance crop production and revenues. In South America, the commercial cultivation of coffee, soybeans, and corn has led to an increased usage of agricultural pheromone products. Meanwhile, growing awareness of the benefits of agricultural pheromones in South America, as well as the Middle East and Africa, will drive market growth in both regions.

Major companies operating in Global Agricultural Pheromones Market are:

Biobest Group NV

BASF SE

Shin-Etsu Chemical Co., Ltd.

ATGC Biotech Pvt Ltd.

Bioline AgroSciences Ltd

Bio Controle

Métodos de Controle de Pragas Ltda.

Isagro Group

Koppert Biological Systems

Hercon Environmental Corporation

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“The future of the global agricultural pheromones market is expected to be promising, driven by the increasing demand for high-quality crops, sustainable farming practices, and rising awareness of the harmful impacts of synthetic pesticides on both the environment and human health. As consumers become more conscious of the need for sustainable and eco-friendly agricultural solutions, the adoption of pheromones for pest control is gaining significant global interest. Technological advancements in the field of pheromone synthesis and delivery systems are expected to further drive the growth of the agricultural pheromones market.

Innovations in formulation and application methods are enhancing the efficiency and effectiveness of pheromone-based pest control, allowing for precise and targeted deployment. These advancements not only improve overall pest management outcomes but also contribute to reducing costs and optimizing resource utilization for farmers. The future of the global agricultural pheromones market looks promising, with a focus on sustainable farming practices, increasing consumer awareness, and continuous technological advancements driving market growth and offering effective and eco-friendly solutions to pest control challenges in agriculture.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Agricultural Pheromones Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Sex Pheromones, Aggregation Pheromones, Others), By Function (Mating Disruption, Detection & Monitoring, Mass Trapping), By Crop Type (Fruits & Nuts, Field Crops, Vegetable Crops, Others), By Mode of Application (Dispensers, Traps, Sprays), By Region and Competition”, has evaluated the future growth potential of Global Agricultural Pheromones Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Agricultural Pheromones Market.

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Agricultural Biologicals Market Outlook Report 2024-2030: Trends, Strategic Insights, and Growth Opportunities | GQ Research

The Agricultural Biologicals market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Agricultural Biologicals market showcased a significant presence, boasting a valuation of US$ 14.6 billion. This underscores the substantial demand for Agricultural Biologicals technology and its widespread adoption across various industries.

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Projected Growth: Projections suggest that the Agricultural Biologicals market will continue its upward trajectory, with a projected value of US$ 34.78 billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.

Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 13.20%, reflecting a steady and robust growth rate for the Agricultural Biologicals market over the coming years.

Technology Adoption:

In the Agricultural Biologicals market, technology adoption focuses on enhancing the efficacy and sustainability of biological products for crop protection and enhancement. Advanced biotechnology methods such as genetic engineering, fermentation, and microbial screening are employed to develop novel biologicals, including biopesticides, biofertilizers, and biostimulants. Furthermore, formulation technologies such as encapsulation and microencapsulation improve the stability and shelf-life of biologicals, ensuring optimal performance in various agricultural conditions. Additionally, precision agriculture technologies, including drones and satellite imaging, facilitate targeted application of agricultural biologicals, minimizing waste and maximizing efficacy.

Application Diversity:

The Agricultural Biologicals market serves diverse applications across different segments of agriculture, including crop protection, soil health management, and crop nutrition. Biological products are used to control pests, diseases, and weeds while promoting plant growth, soil fertility, and stress tolerance. Biopesticides target specific pests with minimal impact on non-target organisms, offering environmentally friendly alternatives to chemical pesticides. Biofertilizers enhance nutrient uptake and soil microbial activity, improving crop productivity and sustainability. Biostimulants stimulate plant growth and resilience, enhancing yield and quality in various crops and cropping systems.

Consumer Preferences:

Consumer preferences in the Agricultural Biologicals market are influenced by factors such as product efficacy, safety, environmental impact, and regulatory compliance. Growers prioritize biological products that demonstrate high efficacy in pest and disease control while minimizing risks to human health and the environment. Additionally, consumer preferences favor biologicals that are compatible with integrated pest management (IPM) practices, promoting sustainable agricultural systems. Moreover, ease of application, compatibility with existing farming practices, and cost-effectiveness are important considerations for growers when choosing agricultural biologicals.

Technological Advancements:

Technological advancements in the Agricultural Biologicals market focus on improving product efficacy, formulation stability, and application precision. Research efforts aim to identify and characterize novel microbial strains and natural compounds with potent bioactivity against target pests and pathogens. Moreover, advancements in formulation technologies, such as nanoemulsions and biopolymer coatings, enhance the stability and delivery efficiency of biologicals under varying environmental conditions. Additionally, developments in biotechnology enable the engineering of microbial consortia with synergistic effects for enhanced plant growth promotion and disease suppression. Furthermore, digital agriculture technologies enable real-time monitoring and decision-making for optimized application of agricultural biologicals, improving resource efficiency and crop performance.

Market Competition:

The Agricultural Biologicals market is characterized by intense competition among multinational corporations, biotechnology firms, and startup companies, driven by factors such as product innovation, brand reputation, distribution network, and regulatory compliance. Major players leverage their research and development capabilities and global market presence to introduce new biological products and expand market share. Meanwhile, startups and smaller firms focus on niche markets and innovative technologies to differentiate themselves and gain market traction. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies for companies to strengthen their product portfolios and competitive positions in the market.

Environmental Considerations:

Environmental considerations are central to the Agricultural Biologicals market, with stakeholders prioritizing sustainable agriculture practices and reduced environmental impact. Biological products offer environmentally friendly alternatives to chemical pesticides and fertilizers, minimizing risks to biodiversity, soil health, and water quality. Moreover, the use of biologicals promotes soil conservation, beneficial insect populations, and ecosystem resilience, contributing to overall agricultural sustainability. Additionally, efforts are made to ensure the safety and biodegradability of agricultural biologicals, as well as compliance with regulatory requirements for environmental protection. Overall, the adoption of agricultural biologicals supports the transition towards more sustainable and ecologically sound farming practices.

Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.

Key players in the industry include:

Bayer CropScience

BASF SE

Syngenta

Marrone Bio Innovations

Certis USA

Valent BioSciences

Koppert Biological Systems

Isagro S.p.A.

Novozymes

Lallemand Inc.

Rizobacter

Symborg

 The research report provides a comprehensive analysis of the Agricultural Biologicals market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.

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By 2030, Microencapsulated Pesticides Market Poised to Achieve $1,569.9 Million

Microencapsulated Pesticides Market Growth & Trends The global microencapsulated pesticides market size is expected to reach USD 1.57 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.7% from 2022 to 2030. The industry growth is majorly driven by the increasing usage of the Integrated Pest Management System (IPMS) and increased…

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Crop Protection Chemicals Market Growth by Emerging Trends, Analysis, & Forecast

The global crop protection chemicals market on financial terms was estimated to be worth $63.7 billion in 2020 and is poised to reach $74.1 billion by 2025, growing at a CAGR of 3.1% from 2020 to 2025. The crop protection chemicals market is experiencing significant growth, driven by the rising global population and demand for higher crop yields. With a diverse range of products including herbicides, insecticides, and fungicides, the market is expected to continue its upward trajectory, providing opportunities for industry players to innovate and excel. As the demand for reliable and innovative crop protection solutions intensifies, stakeholders in this market will have ample opportunities to leverage emerging technologies and address the evolving needs of farmers and consumers alike.

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The herbicides segment of the Crop protection chemicals is projected to account for the largest share, by type

Herbicides are substances that kill or inhibit growth of unwanted plants (weeds). They are widely used in weed control, which helps in enhancing crop productivity and quality of output. Herbicides help in reducing soil erosion and increase soil fertility and crop yield. They are used to control or kill unwanted plants and are often known as weed killers. Use of herbicides in agroecosystems may change composition of weed populations. In wildlands, herbicides may increase the diversity of native species. Threats to plant biodiversity caused by habitat loss and invasive species are far greater than threats by use of herbicides. Some non-selective pesticides are used in weed waste grounds, industrial sites, railways, and railway embankments. Herbicides are heavily consumed in the agricultural sector and in landscape turf management.

The market for the liquid segment is projected to account for the largest share during the forecast period, by form

By form, liquid is the segment which accounted for the highest market share as well as the highest growth rate in the Crop protection chemicals. The growing requirement of liquid forms of crop protection chemical products, mainly in the foliar spray and seed treatment modes of application, is driving the market for liquid forms of crop protection chemicals. They are also cheaper than solid formulations and are easily mixed with any other crop enhancer or protecting product, increasing the demand for the same.

Liquid pesticides include suspensions (flowable solutions), solutions, emulsifiable concentrates, microencapsulated suspensions, and aerosols. Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations.

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Asia Pacific is the fastest-growing market during the forecast period in the global Crop protection chemicals

The key markets in the Asia Pacific region include China, India, Japan, and the Rest of Asia Pacific. The Asia-Pacific, a region where agricultural systems and technologies vary from one country to another, consists of about 40%, that is, 600 million hectares of the global crop area. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of the Asia-Pacific region.

The increasing awareness about pesticides and continuous technological advancements are factors contributing to the growth of this market. In addition to this, the growing demand for crops and rising cultivation in the countries of Asia-Pacific have forced agribusiness companies to expand their supplier and manufacturing base in the region.

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Microencapsulated Pesticides Market Size, Evolution Rate And Forecast 2028

The global Microencapsulated Pesticides market is projected to grow at a CAGR of 11.2% during the forecast period.

Microencapsulated pesticides are insecticides where the pesticide active ingredient (whether dry or liquid) is covered (or encapsulated) by a protective coating (polymer). Microencapsulated pesticides are mixed with water and applied as a spray just like any other sprayable pesticide formulation.

Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values and regional markets are estimated by market analyst, data analyst and people from related industry, based on company’s revenue and applications market respectively.

Regional Research Reports recently published this report by considering the new market trends and analyzing the maximum untapped opportunities one company can cater to in the coming years.

The Microencapsulated Pesticides market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

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This report contains market size and forecasts of Microencapsulated Pesticides in global, including the following market information:

Global Microencapsulated Pesticides Market Revenue, 2018-2021, 2022-2030, (US$ Millions)

Global Microencapsulated Pesticides Market Sales, 2018-2021, 2022-2030, (Units)

Global top five Microencapsulated Pesticides companies in 2021 (%)

In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Microencapsulated Pesticides in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19. Additionally, the chapters 8-12 are specifically including the COVID-19 impact on each regional economy mentioned in the research study.

Regional Research Reports has surveyed the Microencapsulated Pesticides manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Microencapsulated Pesticides Market, By Type, 2018-2021, 2022-2030 (US$ Millions)

Global Microencapsulated Pesticides Market Segment Percentages, By Type, 2021 (%)

Herbicides

Insecticides

Fungicides

Rodenticides

Global Microencapsulated Pesticides Market, By Application, 2018-2021, 2022-2030 (US$ Millions)

Global Microencapsulated Pesticides Market Segment Percentages, By Application, 2021 (%)

Agricultural

Non-agricultural

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Global Microencapsulated Pesticides Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global Microencapsulated Pesticides Market Segment Percentages, By Region and Country, 2021 (%)

North America

Europe

Asia

South America

Middle East & Africa

US

Canada

Mexico

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

Brazil

Argentina

Rest of South America

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa  

Competitor Analysis

The report also provides an analysis of leading market participants, including:

Key companies Microencapsulated Pesticides revenues in global market, 2018-2021 (Estimated), (US$ Millions)

Key companies Microencapsulated Pesticides revenues share in global market, 2021 (%)

Key companies Microencapsulated Pesticides sales in global market, 2018-2021 (Estimated)

Key companies Microencapsulated Pesticides sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market; key players include:

BASF

GAT MICROENCAPSULATION

SYNGENTA

BAYER

ARYSTA LIFESCIENCE

MONSANTO

MCLAUGHLIN GORMLEY KING

FMC

ADAMA

BOTANOCAP

BELCHIM

REED PACIFIC

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Understand the market's current and future in both established and emerging markets.

Saves time on the entry-level research study as the report consists of considerable information focusing on development, size, key players, and market sectors.

The report will provide a deep-dive segmental analysis of all key geography and all key countries across the globe.

The most recent advancements within the market and information of the market leaders along with their market share and techniques.

Current, Historical, and projected size of the market from both value (US$ million) and volume (K units).

3-months of analyst support, along with the Market Estimate sheet (in excel)

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Key Questions Answered in This Report:

What will the market forecast and the growth rate from 2022 to 2030?

What are the key trends and dynamics of the market?

What are the top driving elements of the industry?

What are the obstacles developed to the market?

Who are the leading companies with their market positioning share?

How much can incremental dollar investment opportunities be witnessed in the market over the forecast period?

Analysis of the companies and the market through SWOT, PORTER's, and PESTEL study.

[techsciresearch]

Agricultural Pheromones Market To Grow With an Impressive CAGR During the Forecast Period

Increased destruction from pests is driving the growth in Global Agricultural Pheromones Market in the forecast period, 2022-2026.

According to TechSci Research report, “Agricultural Pheromones Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type (Sex Pheromones, Aggregation Pheromones, Others), By Function (Mating Disruption, Detection & Monitoring, Mass Trapping), By Mode of Application (Dispensers, Traps, Sprays), By Crop Type (Fruits & Nuts, Field Crops. Vegetable Crops, Others), By Region”, the global agricultural pheromones market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of rapidly increasing demand for the higher yields of the crop. Insect and pests population destroying the agricultural crops are also driving the growth of the global agricultural pheromones market in the upcoming five years. Additionally, increasing demand for the high-value crops, like organic fruits & vegetables crops along with the organic commodities is further supporting the growth of the global agricultural pheromones market in the next five years. Also, increasing general awareness regarding the safety and nutritional value of food is also substantiating the growth of the global agricultural pheromones market in the future five years. Surge in the demand for the environment friendly and sustainable initiatives to decrease the usage of artificial pesticide is also aiding the growth of the global agricultural pheromones market in the forecast years. Increasing research and development of the innovative products along with other technological advancements is also supporting the robust growth of the global agricultural pheromones market in the forecast period, until 2026.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Agricultural pheromones Market"

https://www.techsciresearch.com/report/global-agricultural-pheromones-market/1672.html

The global agricultural pheromones market is segmented by type, function, mode of application, crop type, regional distribution, and competitional landscape. Based on function, the market is further fragmented into mating disruption, detection & monitoring, and mass trapping. Mating disruption is anticipated to generate the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of demand for controlling the excessive population of pests and insects. Piezoelectric micro-sprayer and microencapsulated sprayable, sprays are actively utilized for controlling insect pests. These chemical agents function in a way that it controls the pheromone release rate. Due to the easier application and the surging demand for the effective method for disrupting the insect and pest population is further driving the growth of the global agricultural pheromones market in the next five years. Mass trapping is also anticipated to register significant growth and impressive CAGR value in the future five years. Microencapsulated agricultural pheromones and its application for decreasing the pest and insect population are supporting the growth of the agricultural pheromones market in the forecast period, until 2026.

Biobest Group NV, BASF SE, Shin-Etsu Chemical Co., Ltd., ATGC Biotech Pvt Ltd., Bioline AgroSciences Ltd, Bio Controle - Métodos de Controle de Pragas Ltda., Isagro Group, Koppert Biological Systems, Hercon Environmental Corporation, ISCA Technologies, Inc., Trécé Incorporated, Russel IPM Ltd, Trece Inc., Pherobank B.V., Certis Europe BV, are some of the market players holding the major shares of the global Agricultural pheromones market. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through Agricultural pheromones. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

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“Asia Pacific region is anticipated to dominate the regional market and generate largest revenue shares of the market on the account of agricultural industry in the countries like China, India, etc. shifting toward modern technological and innovative methods from a conventional agricultural practice. Application of integrated pest management to combat the excessive population of pests and their destruction of crops is further anticipated to aid the growth of the global agricultural pheromones market in the next five years. Also, countries like China, India, are some of the largest producers of fruit crops and the demand for high quality fruits, such as apples, pears, grapes etc. Also, North America region is expected to register significant growth and impressive CAGR values on the account of technological advancement and innovative products development in the upcoming five years, also substantiating the growth of the global agricultural pheromones market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Global Agricultural Pheromones Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type (Sex Pheromones, Aggregation Pheromones, Others), By Function (Mating Disruption, Detection & Monitoring, Mass Trapping), By Mode of Application (Dispensers, Traps, Sprays), By Crop Type (Fruits & Nuts, Field Crops. Vegetable Crops, Others), By Region”, has evaluated the future growth potential of global agricultural pheromones and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global agricultural pheromones market.

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[rupalic]

Agricultural Coatings Market: Opportunities And Challenges

According to the new market research report "Agricultural Coatings Market by Category (Seed Coatings, Fertilizer Coatings, and Pesticide Coatings), Seed Coating Types (Polymers, Colorants, and Pellets), Fertilizer Coating Types, Pesticide Coating Applications, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market size is estimated to be valued at USD 3.7 billion in 2021 and is expected to reach a value of USD.5.3 billion by 2026, growing at a CAGR of 7.3% in terms of value during the forecast period. Factors such as rising need to increase agricultural productivity and favorable government policies and regulations are some of the factors driving the growth of agricultural coatings. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84350079 Seeds coatings, by category, is estimated to hold the largest market share during the forecast period The market for agricultural coatings, by category, has been segmented into seed coatings, fertilizer coatings, pesticides coatings. Seed coating has been proposed as a promising tool for the inoculation of different crop seeds. The main types of seed coatings include seed dressing, film coating, and pelleting, which are used according to the purpose of application and the type of seed. Coating delivers the seed in a form that is larger, rounder, smoother, heavier, and more uniform as compared to the original seed. Materials such as pellets and colorants enable the grower to place the seed individually, with improved spacing and depth control. The use of seed coating also protects the seeds from cold soils and breaks down when the soil temperature is optimal for germination. These advantages have led to increased demand for seed coatings globally. Polymers, by fertilizer coatings, is projected to grow at the second-highest CAGR in the agricultural coatings market during the forecast period Polymers are the film coating formulations consisting of a thin, water-permeable polymer-based coating onto the seed or pellet. A thin layer of polymer smoothens the seed surface, helping in better flowability. It also influences water uptake of and adherence to chemical fungicide treatments. Film-coating increases the raw weight of the seed by 1% to 5%. The thin coating of polymer helps the additives stay on seeds and also to avoid dusting and pollution, to enhance the appearance of the seed. Leading agriculture universities have conducted the experiment of seed coating base polymer with different types of seeds for its compatibility under various circumstances. It was found that the seed germinated better with a significant increase in seed vigor, with the usage of a seed coating polymer. Super absorbent polymers and polymer gels are water-absorbing polymer materials with high water uptake potential. They improve the seed germination and also enhance the seedling growth, contributing to the farm's success. These advantages have led to increased demand for the polymers segment of the seed coatings market. Browse in-depth TOC on "Agricultural Coatings Market" 307 – Tables 60 – Figures 273 – Pages The market for insecticides segment of pesticides coatings is projected to account for the largest share during the forecast period The pesticide coatings market, by application, was dominated by insecticides. The research & development of pesticide coatings is mainly concentrated on insecticides, followed by herbicides. Due to this trend and the registration & commercialization of new varieties of microencapsulated insecticides, the insecticides segment is projected to grow at a high CAGR, and it occupies a large share in the market. Insecticides are used to protect crops against the eggs and larvae of insects. Insecticides have various modes of action and can be classified into systemic, contact, and plant-incorporated. They are commonly used to maintain the quality of crop yield by protecting it from insects. Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84350079 Key Players: This report includes a study on the marketing strategies and the product portfolios of the major companies that operate in the agricultural coatings market. The report has leading company profiles such as include BASF SE (Germany), Bayer AG (Germany), Clariant Technologies (Germany), Croda International Plc (UK), Sensient Technologies (US), Germains Seed Technology (UK), Milliken Chemical (US), Precision Laboratories (US), Pursell Agri-tech (US), Novochem Group (Netherlands), Dorfketal (India), Deltachem (Germany), Israel Chemicals Ltd (Israel), Arkema (France), SQM (Chile), Mosaic (US), Nutrien Ltd (Canada), Aakash Chemicals, Evonik Industries (Germany) and Encapsys LLC (US).

[speedylightheart]

Microencapsulated Pesticides Market to Witness Growth Acceleration During 2020-2025

Microencapsulated Pesticides Market: Convenience of use, suppression of pests with precise control over situations under which the active ingredient is released, and its reduced impact on the environment are key drivers for Global Microencapsulated Pesticides Market.

Scope of Microencapsulated Pesticides Reports –

Pesticides are the chemical substance used to kill pest and protect crops from various pests. Microencapsulated pesticides are covered within a capsule it is mixed with water and sprayed over the crops. After spayed the capsule wall breaks and slowly releases the chemical which kills the pests. So, during the study of Global Microencapsulated Pesticides market, we have considered Microencapsulated Pesticides type and crops to analyze the market. Global Microencapsulated Pesticides Market report is segmented on the basis of product type, crop type and by regional & country level. Based upon Product type, global Microencapsulated Pesticides Market is classified as insecticides, herbicides, fungicides and rodenticides. Based upon crop type, global Microencapsulated Pesticides Market is classified as cereals & grains, oilseeds & pulses, fruits & vegetables, and turf & ornamental.

The regions covered in this Microencapsulated Pesticides Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Microencapsulated Pesticides is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Global Microencapsulated Pesticides Market Key Players:

BASF

Bayer AG

Monsanto

Syngenta

ADAMA

BotanoCap

McLaughlin Gormley King

Belchim

FMC Corporation

GAT Microencapsulation

Arysta LifeScience

Reed Pacific

Market Dynamics –

The commercialization and growth of global Microencapsulated Pesticides market over the past 25 years has been highly impactful. One of the major factors driving the growth of microencapsulated pesticides market over the forecast period is convenient use and precise control over the situation when active ingredient is released. There is a constant increase in the population which has led to the increased demand for which in turn increased the demand for food. For instance, as per Population Reference Bureau report it is estimated that the world population will reach up to 9.8 billion by the end of 2050. This has increased the agriculture industry over the forecast period. Furthermore, increase in the pests which has led to crop damage on a large scale and constant technological advancements has led to the increase in microencapsulated pesticides market over the forecast period. However, High cost of product is expected to hamper the growth of microencapsulated pesticides market over the forecast period.

Regional Analysis –

North America dominates the market with highest market share which is closely followed by Europe over the forecast period. As the developed regions are growing tremendously due to the large population base and various technological advancements coupled with rapid industrialization. This has reduced the farming area and also affected the fertility of soil. This has increased the production of crops which in turn increased the demand for microencapsulated pesticides. Asia Pacific is the third largest region over the forecast period closely followed by Latin America. Due to the presence of developing economies and large population base in the region most of the economies are dependent on agriculture. For instance, As per IASRI (Indian Agricultural Statistics Research Institute) in India, agriculture, forestry and fisheries accounts for 17% of total GDP. Thus all the above mentioned factors are expected to support the growth of Microencapsulated pesticides over he forecast period.

Key Benefits:

Global Microencapsulated Pesticides market report covers in depth historical and forecast analysis.

Global Microencapsulated Pesticides Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Consumption (Tons), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Microencapsulated Pesticides Market report helps to identify opportunities in market place.

Global Microencapsulated Pesticides Market report covers extensive analysis of emerging trends and competitive landscape.

Global Microencapsulated Pesticides Market Segmentation –

By Product type analysis: Insecticides, Herbicides, Fungicides, Rodenticides

By Crop type Analysis - Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamental

By Region:

North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Table of Content

Chapter – Report Methodology

1.1. Research Process

1.2. Primary Research

1.3. Secondary Research

1.4. Market Size Estimates

1.5. Data Triangulation

1.6. Forecast Model

1.7. USP's of Report

1.8. Report Description

Chapter - Superyacht Market Overview: Qualitative Analysis

2.1. Market Introduction

2.2. Executive Summary

2.3. Superyacht Market Classification

2.4. Market Drivers

2.5. Market Restraints

2.6. Market Opportunity

2.7. Superyacht Market: Trends

2.8. Porter's Five Forces Analysis

2.9. Market Attractiveness Analysis

Chapter – Superyacht Market Overview: Quantitative Analysis

Chapter - Superyacht Market Analysis: Segmentation By Type

Chapter - Superyacht Market Analysis: Segmentation By Application

Continued....

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[rohit0024]

Microencapsulated Pesticides Market Targets $1,569.9 Million by 2030

Microencapsulated Pesticides Market Growth & Trends The global microencapsulated pesticides market size is expected to reach USD 1.57 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.7% from 2022 to 2030. The industry growth is majorly driven by the increasing usage of the Integrated Pest Management System (IPMS) and increased…

[ananya5400]

Key Trends Shaping the Pesticide Inert Ingredients Market

The pesticide inert ingredients market is projected to grow at CAGR of 6.14% from USD 3.5 billion in 2018 to 4.7 billion during the forecasted year of 2023. The pesticide inert ingredient is added to the active ingredients to formulate the pesticide final product. When the inert ingredient is added to the formulation, it modifies the surface tension between pesticide spray drops and plant leaf surface to achieve better wetting, distribution, and penetration quality, resulting in an enhanced pesticide effect. The effectiveness of a pesticide increases manifolds with the addition of inert ingredients. The global market for pesticide inert ingredients is projected to grow at a steady rate, and the growth of the market is highly dependent on the requirement of crop protection products for improving the quality of crops. 

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The inert ingredients of a pesticide product potentially constitute up to 99% of the pesticide formulation and have been a confidential composition and therefore withheld by most of the pesticide manufacturers on their labels. According to the National Center for Biotechnology Information (NCBI), inert ingredients have been legally kept hidden from public view despite their toxic nature; the primary factor was to protect industry trade secrets. However, the US regulatory authority, Environmental Protection Agency (EPA) has been working toward policy changes, which requires 100% disclosure of a pesticide product’s ingredients. The major issue with pesticides and the inert ingredients is associated with its handling and environmental degradation, which in turn, gives rise to the development of major technologies such as microencapsulation. The advent of microcapsules as a type of inert ingredient results in better handling of toxic active ingredients and also controls the optimum release of pesticides. Technological advancements in inert ingredients for pesticide formulations are inevitable to succeed in the biological agrochemicals industry. This is projected to encourage the adoption of the microencapsulation technology in the crop protection industry, which has proven effects on the target. These factors are projected to impact the overall pesticide inert ingredients market with its rapid growth rate.

On the basis of type, the carriers segment is projected to witness the highest growth from 2018 to 2023, due to high demand for pesticide inert ingredients, which can help in the efficient application of pesticide products on the crops. Although emulsifiers account for the largest share in the market due to their efficacy to form emulsions that help in the formulation of water-oil-based pesticides, the carriers segment is estimated to be the fastest-growing market. The use of pesticides may kill non-target pests due to the inefficacy of pesticide application; this can be overcome through the use of carrier inert ingredients. Due to this factor, the carrier segment is estimated to record the highest CAGR during the forecast period.

The steady increase in market demand for organic fruits and vegetable has led to a gradual shift from synthetic products to bio-based products across the supply chain of the pesticide industry, which includes every constituent that is organically sourced. The pesticide products are made of active as well as inert ingredients. Thus, to make the products organic, it is required to formulate these with materials, which are non-toxic or mildly toxic in nature. There are many companies including AstroBio and Chem21, which are producing bio-based solvents such as bio-ethanol, limonene, and 2-methyl tetrahydrofuran (2-MeTHF) for their usage in various industries. This creates an opportunity for major players of agrochemical industries to develop bio-based inert ingredients and term the formulated pesticide appropriate for organic use and meet with the growing demand in the market.

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On the basis of region, Asia Pacific is estimated to be the fastest growing market during the forecast period. Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across the countries. The major players in the global market are focusing on expanding into the market to explore the untapped potential, due to which the investments in the agriculture industry from the public sector are declining. The Asia Pacific region is one of the leading consumers of pesticides across the globe, though the region heavily depends on imports for pesticide supply. Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application would increase in the future.

[reportsandmarkets]

Microencapsulated Chemical Pesticides Industry Market Trends, Share, Size and 2022 Forecast Report

Microencapsulated Chemical Pesticides Industry Market Trends, Share, Size and 2022 Forecast Report

Microencapsulated Chemical Pesticides Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Microencapsulated Chemical Pesticides Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status.

The report provides key…