According to a market report by Lucintel, the future of the microencapsulated pesticide market looks promising with opportunities in the agriculture and non-agriculture sectors. The microencapsulated pesticide market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are increase in adoption of integrated pest management (IPM) practices and regulatory support for sustainable approach to limit excessive agrochemical application.
In this market, herbicides, insecticides, fungicides, and rodenticides are the major types of microencapsulated pesticide. On the basis of comprehensive research, insecticide is will remain the largest segment over the forecast period. Insecticides are used to protect against insects in households, restaurants, hospitals, farms, and forest plantations. Increase in R&D activities and product commercialization trends toward microencapsulated insecticides are driving the market.
Within the microencapsulated pesticide market, agriculture will remain the largest application and it is also expected to witness the highest growth over the forecast period due to increase in demand for microencapsulated pesticides which help to reduce the application rate as compare to traditional formulations such as suspension concentrates and emulsifiable concentrates.
Europe will remain the largest market over the forecast period due to the increase in ban on the usage of certain harmful chemicals in European countries, such as France and Germany to protect the human health and the environment. Asia Pacific is expected to witness the highest growth over the forecast period due to rise in awareness about benefits of microencapsulated pesticides.
BASF, Bayer AG, Syngenta, FMC Corporation, Monsanto, ADAMA, BotanoCap, Arysta LifeScience, GAT Microencapsulation, Reed Pacific, and Belchim are among the major manufacturers of microencapsulated pesticides.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the microencapsulated pesticide market by type, technology, application, and region. Lucintel has prepared a comprehensive research report titled "Microencapsulated Pesticide Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the Microencapsulated pesticide market by type, technology, application, and region as follows:
By Type [$M shipment analysis for 2013 – 2024]:
• Herbicides
• Insecticides
• Fungicides
• Rodenticides
• Others (Nematicides, Termiticides, Acaricides, Fumigants, and Petroleum Oils)
By Technology [$M shipment analysis for 2013 – 2024]:
• Physical
• Physico-Chemical
• Chemical
By Application [$M shipment analysis for 2013 – 2024]:
• Agricultural
• Non-Agricultural
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• Europe
• Asia Pacific
• RoW (South America, the Middle East, and Africa)
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link………[email protected].
About Lucintel
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This report answers the following 11 key questions:
Q.1.What are some of the most promising potential, high growth opportunities for the microencapsulated pesticide market by type (herbicides, insecticides, fungicides, rodenticides, and others), technology (physical, physico-chemical, and chemical), application (agricultural and non-agricultural), and region (North America, Europe, Asia Pacific, and RoW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the microencapsulated pesticide market?
Q.5.What are the business risks and threats to the microencapsulated pesticide market?
Q.6.What are the emerging trends in the microencapsulated pesticide market and the reasons behind them?
Q.7.What are some changing demands of customers in the microencapsulated pesticide market?
Q.8.What are the new developments in the microencapsulated pesticide market? Which companies are leading these developments?
Q.9.Who are the major players in the microencapsulated pesticide market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in this microencapsulated pesticide market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11.What M & A activities did take place in the last five years in the microencapsulated pesticide market?