Microencapsulated Pesticides Market Size, Growth & Forecast [2031]

Report Description

The global microencapsulated pesticides market size was USD 507.41 Mn in 2022 and is likely to reach USD 1186.69 Mn by 2031, expanding at a CAGR of 9.9% during the forecast period, 2023–2031. The market growth is attributed to the increasing adoption of integrated pest management particles and rising regulatory support for a sustainable approach to restricting extensive agrochemical applications.

Pesticides are generally used to kill pests and weeds. Microencapsulated pesticides are pesticides with a protective layer of active ingredients. Pest is a term used for harmful insects which affect crops and animals. Several insects attack plants to feed on them, cause damage and then burrow in roots, stems, and fruits which results in the death of the plant.

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Pests such as fleas, mosquitoes, bugs, beetles, and black ants carry germs and cause damage to the ecosystem. Pests transmit various types of infection to the plants such as aphids causing viral disease in potatoes and sugar beets. These pests hamper the yield of livestock or cause the death of the animal.

Thus, it is important to kill or manage the pest. Microencapsulation of pesticides offers a controlled release approach which increases their efficiency. Farmers use pesticides to get more productivity by minimizing any loss caused by pests.

Microencapsulated pesticides are the preferred option in the no-tillage farming system. Pesticides are combined with water and sprinkled over the agricultural field. The capsule of pesticides breaks under specific conditions and becomes active against pests. Insect-transmit diseases and many waterborne diseases are controlled with the help of microencapsulated pesticides. 

Microencapsulated pesticides have applications in various industries such as cattle feed storage, agricultural commodities warehouse, and crop fields. Microencapsulated pesticides are helpful in residential, industrial, and institutional applications as capsulation provides safety and reduces the smell.

Pesticides cause rashes, stinging eyes, blindness, and nausea, thus several industries demand microencapsulated pesticides. The desired amount of pesticide is achieved with the help of microencapsulated pesticides. The cost of microencapsulation manufacturing technology varies. 

COVID-19 Impact on Microencapsulated Pesticides Market

The research report finds that COVID-19 hampered various market growth. The demand for the agricultural sector is decreased due to different economic regulations and restrictions, due to the outbreak of the pandemic. The pandemic hindered the production, consumption, import, and export of microencapsulated pesticides.

The COVID-19 pandemic decreases the production and export of vegetables and fruits, thus manufacturing of microencapsulated pesticides decreased. Many pesticide manufacturing units stopped their production process due to the strict lockdown measures and shortage of labor. The pandemic stretched the trouble for the microencapsulated pesticides market and is expected to improve in the coming years.

Microencapsulated Pesticides Market Dynamics

The market research report presents a complete overview by providing a detailed analysis of the current market trends, existing drivers, growth opportunities, and emerging challenges. The global microencapsulated pesticides market report offers up-to-date information about factors that can shape the market outcome or overall performance during the forecast period, 2022 to 2030.

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Drivers

Rising Awareness about the Advantages of Microencapsulated Pesticides

Pesticides have a harmful effect on the environment as they contaminate water, soil, turf, and other vegetation. The organic solvents used in the formulation of pesticides are harmful to human health as it causes skin irritation and respiratory diseases. Thus, the microencapsulation technique is employed to avoid direct contact with the pesticides.

The manufacturing process faced difficulties while calculating the process of stoichiometry and selecting the encapsulating agent to achieve economic and environmental safety. Microencapsulated reduces direct exposure and provides different advantages. Microencapsulated plastic polymer coatings protect the applicator from pesticide exposure and highly toxic chemicals can be handled safely.

Microencapsulation extends the effect of the active ingredient of pesticides by delaying its release. Moreover, microencapsulation reduces volatility, performs efficiently on both porous and nonporous surfaces, minimizes the phytotoxicity injury to plants, and lowers the likelihood of staining or otherwise damaging treated surfaces.

The advantage associated with microencapsulated pesticides increases the demand in the agriculture sector and thus, the rising awareness about the advantages of microencapsulated pesticides is expected to drive market growth during the forecast period. 

Restraints

High Cost of Manufacturing Microencapsulated Pesticides

High cost of manufacturing is anticipated to hamper the microencapsulated pesticides market growth in the coming years. The cost of manufacturing is determined by the manufacturing technique and some techniques need specialized equipment. In many manufacturing techniques, some chemicals are required which are costly.

Moreover, heat-intensive methods are expensive. Continuous phase removal requires an additional processing step to get a dry product, which adds to the manufacturing cost.

Sometimes it is hard to use the less expensive technique, to sum up, high-volume products or those with a low-profit margin. Thus, the requirement of costly chemicals and equipment in the techniques increases the manufacturing cost. Thus, the manufacturing cost of microencapsulated pesticides has an impact on the price of microencapsulated pesticides. 

Opportunities

Increasing Demand from the Building and Construction Industry

Various types of microencapsulated pesticides are used in the building and construction sectors. Fungicides and miticides are used to kill or prevent the growth of fungi, miticides, or ticks found in the building and construction sector. Similar to fungicides and miticides, wood mites are a big problem for wood articles, as they destroy wooden products by corroding and filtering into the articles.

Thus, the increasing demand for microencapsulated pesticides from the building and construction industry is projected to create lucrative opportunities for the market players.

Fungus accumulates or is deposited in bathtubs, swimming pools, shower areas, restrooms, and other places. Thus, pesticides are employed in such places to decrease their future occurrence and growth. Moreover, microencapsulated nematicides are used to kill plant-parasitic nematodes. The increasing need for maintenance of the building for health and safety purposes increases the demand for microencapsulated pesticides.

Thus, the emerging construction and building sector increase the demand for microencapsulated pesticides in the coming years. Furthermore, the usage of harmful chemicals and materials in pesticide production is reduced, which is expected to provide new opportunities for manufacturers and major players to investigate organic and non-volatile chemicals and components.

Scope of Microencapsulated Pesticides Market Report

The global microencapsulated pesticides market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Microencapsulated Pesticides Market Segment Insights

On the basis of application, the global microencapsulated pesticides market is segmented into agricultural and non-agricultural. The agricultural segment is projected to expand at a considerable CAGR during the forecast period.

Microencapsulated pesticides in agriculture aid in crop protection. Microencapsulated pesticides release controlled crop protection products. Thus, to provide maximum efficiency microcapsules are designed with appropriate triggers.

Microencapsulation increases the shelf life of bioactive compounds and other living organisms including bacterial spores. Microencapsulation provides stability as it releases pesticides when conditions are right, thereby reducing the environmental impact. The non-agricultural segment is anticipated to account for a major market share during the forecast period, owing to the rising trend of forming gardens and lawns.

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Based on technology, the market is divided into chemical, physico-chemical, and physical. The physical segment is expected to hold a significant share of the market in the coming years. The physical method of microencapsulation involves the technique by which gaseous compounds, liquid droplets, and solid particles are trapped into thin films of food-grade, agricultural, or pharmaceutical microencapsulating agents.

Physical technology involves freeze-drying, spray-drying, and extrusion technology.  Physical technology involves the manual manufacturing of microencapsulated pesticides. The formation of microcapsules depends upon the solid-liquid phase transition under the solubility or heating reduction owing to solvent evaporation.

Microencapsulation involves the physical embedding of specific pesticides into the resin or polymer coating. Thus, this method involves the manual formation of microcapsules and the method is used in several industries. Various techniques used in physical microencapsulation technology are centrifugal extrusion, fluid bed/pan coating, spinning desk microencapsulation, and vibrating nozzle.

On the basis of type, the global microencapsulated pesticides market is segregated into rodenticides, fungicides, insecticides, herbicides, and others. The insecticides segment is anticipated to expand at a substantial CAGR during the forecast period. Insecticides are widely used for improving production and increasing yields. Microencapsulated insecticides offer protection against multiple pest species such as sap-sucking insects including aphids and beet armyworms.

Aphids are members of the superfamily Aphidoidea. Aphids are employed to manage agricultural pest insects. The formulation of encapsulated insecticides incorporates a wall comprising a polymer by polycondensation. This polycondensation involves water-soluble or insoluble monomer which partly surrounds organophosphate insecticides.

These formulated insecticides are effective against chewing and non-chewing pests including rats and mice. Microencapsulated insecticides are in sprayable form. Microencapsulated insecticides constitute chlorpyrifos. Chlorpyrifos is an organophosphate pesticide, which provides protection over soil-borne insect pests and foliage on several food crops and feeds crops.

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In terms of regions, the global microencapsulated pesticides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe microencapsulated pesticides market is expected to dominate during the forecast period, owing to the emerging agriculture industry.

Moreover, the rising population, different technical breakthroughs, and fast industrialization are driving market growth in the region. Continuous usage of pesticides diminished farming and hamper soil fertility.

However, microencapsulated pesticides enhanced agricultural yield. Thus, the demand for microencapsulated pesticides increased in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, as agriculture is the primary source of income for several countries. A huge population base and emerging economies are expected to propel market expansion in the region.

For instance, according to Indian Agricultural Statistics Research Institute (IASRI), agriculture, and fisheries make up 17% overall GDP in India’s forestry. All these major factors are anticipated to drive the encapsulated pesticides market growth.

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