The microencapsulated pesticides market was valued at US$402.290 million in 2018 and is projected to expand at a CAGR of 9.89% over the forecast period to reach US$708.262 million by 2024. Microencapsulated Pesticides is widely used in the healthcare and pharmaceutical sector for controlled drug delivery. The rising trend of precision drug delivery is one of the factors expected to drive the market for microencapsulated pesticides. Moreover, the demand for microencapsulated biomolecules is increasing in the pharmaceutical industry as well as the agriculture industry due to functions like effective and targeted delivery of the active ingredients, which is further anticipated to boost the market for microencapsulated pesticides during the forecast period. In addition, increasing research and development activities along with technological advancements is expected to widen up the growth opportunity in the coming future. The market has been segmented by technology, type and geography. Geographically, Europe is expected to hold a significant shareholder on account of early adoption of new techniques.
Rising adoption of new methods for pest control.
The Major players profiled in the Microencapsulated Pesticides market include Syngenta Crop Protection, Bayer AG, McLaughlin Gormley, King Company, ADAMA Ltd., Reed Pacific Pty Ltd., and FMC Corporation.
The microencapsulated pesticides market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the microencapsulated pesticides market size by 2024?
A1. The microencapsulated pesticides market is projected to reach a market size of US$708.262 million in 2024.
Q2. What are the growth prospects for the microencapsulated pesticides market?
A2. The microencapsulated pesticides market is projected to expand at a CAGR of 9.89% over the forecast period.
Q3. What is the size of global microencapsulated pesticides market?
A3. Microencapsulated Pesticides market was valued at US$402.290 million in 2018.
Q4. What factors are anticipated to drive the microencapsulated pesticides market growth?
A4. The rising trend of precision drug delivery is one of the factors expected to drive the market for microencapsulated pesticides.
Q5. Which region holds the largest market share in the microencapsulated pesticides market?
A5. Geographically, Europe is expected to hold a significant share in the microencapsulated pesticides market.