Slow and Controlled Release Pesticides Market Trends [2031]
Slow and Controlled Release Pesticides Market Trends [2031]
Segments - Slow and Controlled Release Pesticides Market by Type (Fungicides, Herbicides, Insecticides, and Others), Application (Agriculture, Chemical Industry, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-6014
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| 89 Pages
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Report Description
Slow and Controlled Release Pesticides Market Outlook 2031
The global slow and controlled release pesticides market size was USD 2.84 Billion in 2022 and is likely to reach USD 4.80 Billion by 2031, expanding at a CAGR of 10% during 2023–2031. The market growth is attributed to the increasing performance of nanopesticides.
Enhanced performance of nanopesticides is expected to drive the market. Nanopesticides, when incorporated into slow and controlled release formulations, demonstrate enhanced performance in the agriculture industry. Nanoscale particles improve stability, solubility, and targeted delivery of active ingredients, which result in efficient pest control, reduced environmental impact, and enhanced crop protection, as nano-sized particles facilitate improved absorption by plants and targeted action against pests.
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In July 2023, the US Environmental Protection Agency (EPA) announced around USD 1.3 million in funding to a team of researchers from the University of Wisconsin-Madison, in Madison to develop nanosensor technology that monitors, detects, and degrade commonly used pesticides found in water that can harm human health.
The market report finds that the COVID-19 pandemic hindered the slow and controlled release pesticides market, due to the strict lockdown imposed by the government. In terms of production, sales, and distribution, the market was hugely affected, owing to the strict regulations. The disruption of the supply chain, social distancing, and sales, which hampered the market.
Slow and Controlled Release Pesticides Market Dynamics
Major Drivers
Increasing demand for slow and controlled release pesticides in the agriculture industry is expected to boost the market during the forecast period. These pesticides provide a prolonged and targeted release of active ingredients, reducing the need for frequent applications. This increased efficiency, low environmental impact, and minimized risks to non-target organisms. These formulations improve crop yield and quality by maintaining consistent pest control over an extended period.
Existing Restraints
Risks and uncertainties of using nanopesticides are anticipated to hamper the market. Nanopesticides potentially pose health risks to consumers, farmers, and workers involved in pesticide application. Inhalation or skin contact with nanoparticles have adverse effects. Regulatory agencies face challenges in assessing and approving nanopesticides due to their unique properties. The lack of standardized testing protocols complicates the regulatory process, which hampers the market.
Emerging Opportunities
Increasing demand for slow and controlled release pesticides, as they are long-lasting effectiveness is expected to create lucrative opportunities for the market players. These formulations are designed to improve the delivery and effectiveness of pesticides over an extended period. By releasing the active ingredients gradually, they can protect crops from pests for a long duration.
However, increasing advancements in nanopesticides is anticipated to create lucrative opportunities for the market players. Researchers are developing various types of nanopesticides, including nanocapsulated formulations, nanogels, nanosphere, and metal/metal oxide nanoparticles.
Scope of Slow and Controlled Release Pesticides Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Slow and Controlled Release Pesticides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Fungicides, Herbicides, Insecticides, and Others), and Application (Agriculture, Chemical Industry, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BASF SE; Bayer AG; Dow; DuPont; Sumitomo Chemical Co., Ltd.; and UPL |
Slow and Controlled Release Pesticides Market Segment Insights
Type Segment Analysis
Based on type, the slow and controlled release pesticides market is divided into fungicides, herbicides, insecticides, and others. The herbicides segment is expected to hold a key share of the market in the coming years, due to the increasing demand for the agriculture industry.
The segment growth is attributed to the increasing population and growing awareness about the benefits of a healthy diet. Herbicides are an extensive range of pesticides that are used to eliminate nuisance plants such as weeds and grass, that compromise the growth and yield of desired crops nearby.
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In March 2023, Corteva launched four new crop protection products, which meet a wide range of farmer needs, from powerful weed control to cutting-edge nutrient management. Enversa herbicide, Tolvera herbicide, Utrisha P, and Kyro herbicide. These solutions include three herbicides and a biological and protect a variety of crops, including soybeans, corn, and cereals.
The insecticides segment is anticipated to expand at a significant pace during the projection period, owing to the increasing threat of parasites. Insecticides are used to kill most types of pests and insects. It is used in several applications ranging from agriculture to use in commercial spaces and buildings. It includes larvicides and ovicides, which are used for controlling the larvae and eggs laid by insects. The change in the global climate has triggered the growth in the number of pets, which is expected to boost the segment.
- In October 2023, BioWorks launched EpiSheild, an insecticide and miticide that is formulated for grower ease of use and delivers strong efficacy. EpiShield liquid formulation includes 10-28x lower use rates than other oil insecticides, no REI or PHI restrictions, and strong efficacy against key pests.
Application Segment Analysis
On the basis of application, the slow and controlled release pesticides market is segmented into agriculture, chemical industry, and others. The agriculture segment is expected to register a robust growth rate during the forecast period, due to the increasing population coupled with increasing urbanization is expected to strain the food resources.
In the agriculture segment, slow and controlled release pesticides are widely used, as they reduce the growth of the pest population on crops. The segment growth is attributed to the increasing growth of the agriculture industry coupled with rising demand for food.
In India, the agriculture sector plays an important role in the development of the industry. India’s agriculture industry has the advantage of diverse topography, a variety of soil types, and climate, allowing farmers to engage in agricultural activities. Thus, in turn, is likely to increase the demand for agriculture in the country .
Regional Analysis
In terms of region, the global slow and controlled release pesticides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the increasing agricultural productivity and rising demand for slow and controlled release pesticides.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the rising demand for food consumption, which increases the demand for agricultural activities. The regional market growth is attributed to the increasing demand for slow and controlled release pesticides in developing countries such as India.
Segments
The global slow and controlled release pesticides market has been segmented on the basis of
Type
- Fungicides
- Herbicides
- Insecticides
- Others
Application
- Agriculture
- Chemical Industry
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- BASF SE
- Bayer AG
- Dow
- DuPont
- Sumitomo Chemical Co., Ltd.
- UPL
Competitive Landscape
Key players competing in the global slow and controlled release pesticides market are BASF SE; Bayer AG; Dow; DuPont; Sumitomo Chemical Co., Ltd.; and UPL.
These key players adopt various strategies including mergers, acquisitions, collaborations, partnerships, product launches, and production expansion to expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Slow and Controlled Release Pesticides Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Slow and Controlled Release Pesticides Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Slow and Controlled Release Pesticides Market - Supply Chain
4.5. Global Slow and Controlled Release Pesticides Market Forecast
4.5.1. Slow and Controlled Release Pesticides Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Slow and Controlled Release Pesticides Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Slow and Controlled Release Pesticides Market Absolute $ Opportunity
5. Global Slow and Controlled Release Pesticides Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
5.3.1. Fungicides
5.3.2. Herbicides
5.3.3. Insecticides
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Slow and Controlled Release Pesticides Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
6.3.1. Agriculture
6.3.2. Chemical Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Slow and Controlled Release Pesticides Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Slow and Controlled Release Pesticides Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
8. North America Slow and Controlled Release Pesticides Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
8.4.1. Fungicides
8.4.2. Herbicides
8.4.3. Insecticides
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
8.7.1. Agriculture
8.7.2. Chemical Industry
8.7.3. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
9. Latin America Slow and Controlled Release Pesticides Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
9.4.1. Fungicides
9.4.2. Herbicides
9.4.3. Insecticides
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
9.7.1. Agriculture
9.7.2. Chemical Industry
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
10. Europe Slow and Controlled Release Pesticides Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Slow and Controlled Release Pesticides Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
10.4.1. Fungicides
10.4.2. Herbicides
10.4.3. Insecticides
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
10.7.1. Agriculture
10.7.2. Chemical Industry
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
11. Asia Pacific Slow and Controlled Release Pesticides Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Slow and Controlled Release Pesticides Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
11.4.1. Fungicides
11.4.2. Herbicides
11.4.3. Insecticides
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
11.7.1. Agriculture
11.7.2. Chemical Industry
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
12. Middle East & Africa Slow and Controlled Release Pesticides Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Slow and Controlled Release Pesticides Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Slow and Controlled Release Pesticides Market Size and Volume Forecast by Types
12.4.1. Fungicides
12.4.2. Herbicides
12.4.3. Insecticides
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Slow and Controlled Release Pesticides Market Size and Volume Forecast by Applications
12.7.1. Agriculture
12.7.2. Chemical Industry
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Slow and Controlled Release Pesticides Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Slow and Controlled Release Pesticides Market: Market Share Analysis
13.2. Slow and Controlled Release Pesticides Distributors and Customers
13.3. Slow and Controlled Release Pesticides Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. BASF SE
13.4.2. Bayer AG
13.4.3. Dow
13.4.4. DuPont
13.4.5. Sumitomo Chemical Co., Ltd.
13.4.6. UPL
Methodology
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