Geographically, the Global Microencapsulated Pesticides Market has been segmented into five major regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The European market was the largest in 2017 and is expected to grow at a robust CAGR during the forecast period owing to stringent government regulations on the ban on harmful pesticides, consumer preference for safe and healthy crops, and decreasing trend of emulsifiable and suspension concentrates. Germany is the prominent contributor in the region due to a ban on traditional pesticides, growing adoption of integrated pest management, and surging demand for the use of modern agricultural technologies in sustainable development. Major manufacturing companies such as GAT Microencapsulation, Syngenta, Belchim Crop Protection, and BASF serve the product in Belgium, France, Italy, and Spain for effective utilization of pesticides, followed by concerns over soil fertility.
The North American market held a considerable share in 2017 owing to growing R&D facilities and favorable government initiatives. The US is the leading country in the region due to government policies; consumer preference for healthy fruits and vegetables; surging demand in turf and ornamental plants; and major manufacturing companies, such as Monsanto Company and FMC Corporation.
The Asia-Pacific market accounted for a substantial share and is projected to grow at a healthy CAGR during the assessment period, owing to a growing population, various pesticides regulations, and increasing agri-business. China and India are the prominent countries adopting microencapsulated pesticides due to the surging demand for the product in producing cereals and grains, large consumer base, and adoption of modern agricultural methods.
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The Latin American market held a small market share in 2017 and is projected to grow at a steady CAGR during the forecast period owing to weak environmental regulations and less awareness about Microencapsulated Pesticdes among the farmers. Brazil is the leading contributor in the region owing to the growing demand for the product in production of soybean and corn.
The Middle East & Africa market is projected to grow at a moderate CAGR in the following years due to limited cultivable lands. UAE, Egypt, and Saudi Arabia are the major countries contributing to the regional market growth due to the consumption of pesticides for the growth wheat, barley, cereals, legumes, and oilseeds.
Key players:
Some of the major players operating in the Global Microencapsulated Pesticides Market are Reed Pacific Pty Limited (Australia), Arysta LifeScience Corporation. (US), McLaughlin Gormley King Company (US), GAT Microencapsulation (Austria), ECOSAFE NATURAL PRODUCTS INC. (Canada), Syngenta (Switzerland), Monsanto Company (US), FMC Corporation. (US), ADAMA (Israel), BASF SE (Germany), Bayer AG (Germany), BotanoCap (Israel), and Belchim Crop Protection (Belgium).
Market Segmentation
The Global Microencapsulated Pesticides Market has been divided on the basis of Product, Crops, Application, Technology and Region.
On the Basis of Product, the Global Microencapsulated Pesticides Market has been segmented into herbicides, insecticides, fungicides, rodenticides, others.
Based on Crop Type, the Global Microencapsulated Pesticides Market has been categorized into cereals and grains, oilseed and pulses, fruits and vegetables, turf and ornamental.
By Technology, the Global Microencapsulated Pesticides Market has been classified into physical, chemical, physio-chemical, and others. The physical segment is further divided into centrifugal extrusion and vibrational nozzle. The chemical segment is further categorized into polymerization and interfacial polycondensation. The physio-chemical segment is further bifurcated into ionotropic gelation and supercritical fluid precipitation.
On the Basis Application, the Global Microencapsulated Pesticides Market has been bifurcated into agricultural and non-agricultural.
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The Global Microencapsulated Pesticides Market has been analyzed across five major regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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