Microencapsulated Pesticides Market in Europe to Exhibit the Highest Growth in the Coming Years

Microencapsulation allows controlled release of a limited amount of active ingredients in pesticides, which is effective against the particularly targeted pests. It helps in reducing environmental and health risks to the applicators as compared to traditional formulations along with assuring the safety of farmers’ health as well. Microencapsulated pesticide formulations have been increasingly gaining popularity in the pest control industry in the past few years. It is expected to be a strong influence in the meat in the coming years.

Market overview

The global microencapsulated pesticides market that was estimated to be worth USD 312.50 Million in 2017 is projected to reach a value of USD 539.50 Million by 2022, growing at a CAGR of 11.54% between 2017 and 2022.

Based on type, the insecticides segment held the largest market share in 2016, and is also expected to continue its dominance over the market in the coming years as well. This growth is mainly because of the major companies in pesticide industry that have been focusing more on the development of microencapsulated insecticide formulations.

Based on technology, the chemical process held the largest market share in 2016, and is also projected to be the fastest-growing market, owing to the wide use of interfacial polymerization for the commercialization of the encapsulated pesticides in the market.

Among applications, the agricultural industry was the dominant market in 2016, owing to the rising demand for microencapsulated pesticides that help in reducing the application rate by 10-15 times in comparison to traditional formulations.

Geographical growth scenario of the market

Among regions, the European market for microencapsulated pesticides held the largest share in 2016, and is also estimated to be the fastest-growing market in the next five years. The growth of this market can be attributed to the rising ban on the usage of certain harmful chemicals in European countries, such as France and Germany. Moreover, the declining trend for emulsifiable concentrate (EC) formulations in the European nations because of its harmful effect on the environment and the growing application of integrated pest management also boosted the growth of this market.

Factors driving and restraining the market growth

The growth of the global market for microencapsulated pesticides is being majorly driven by the following factors:

  • Growing adoption of integrated pest management (IPM) practices
  • Regulatory support for sustainable approach to limit excessive agrochemical application and mitigate environmental and health risks

In addition, growth of professional pest control management and collaboration of technologies for developing cost-effective technologies are expected to further create ample growth opportunities for this market.

However, high production costs involved in the microencapsulation process and reluctance of farmers in adoption of microencapsulation are the major deterrents for the growth of this market. In addition, technical constraints such as storage and localized release of pesticides are the key challenges to be overcome by the market players.

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Major companies and strategies adopted

The worldwide market for microencapsulated pesticides is governed by players such as BASF (Germany), Bayer AG (Germany), Syngenta (Switzerland), FMC Corporation (US), Monsanto (US), and ADAMA (Israel). BotanoCap (Israel), Arysta LifeScience (US), GAT Microencapsulation (Austria), Reed Pacific (Australia), and Belchim (Belgium) are the other key players having significant share in the overall microencapsulated pesticides market. New product launches, investments and expansions, and agreements, partnerships, and collaborations are the major strategies being adopted by these players in order to witness a continued growth in the market as well as expand their global presence.

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