Microencapsulated Pesticides (Herbicides, Insecticides, Fungicides, and Rodenticides) Market 2017 - Global Forecast to 2022 - Research and Markets
The "Microencapsulated Pesticides Market by Type (Herbicides, Insecticides, Fungicides, and Rodenticides), Technology (Physical, Physico-chemical, and Chemical), Application Sector (Agricultural and Non-agricultural), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The Microencapsulated Pesticides Market is Projected to Reach USD 539.5 Million By 2022, from USD 312.5 Million in 2017, at a CAGR of 11.54%.
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 led the market with the largest share in 2016.
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.
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. 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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Microencapsulated Pesticides Market, By Type
7 Microencapsulated Pesticides Market, By Application Sector
8 Microencapsulated Pesticides Market, By Technology
9 Microencapsulated Pesticides Market, By Region
10 Competitive Landscape
11 Company Profiles
- Adama
- Arysta Lifescience
- Basf
- Bayer Ag
- Belchim
- Botanocap 131
- FMC Corporation
- GAT Microencapsulation
- Mclaughlin Gormley King Company
- Monsanto
- Reed Pacific
- Syngenta
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005616/en/