The microencapsulated pesticides market is projected to reach USD 539.5 Million by 2022, at a CAGR of 11.54% from 2017. The market is driven by its convenience of use, suppression of pests with precise control over situations under which the active ingredient is released, and its reduced impact on environment.
Key players in the microencapsulated pesticides market include Syngenta (Switzerland), BASF (Germany), Bayer AG (Germany), Monsanto (US), and FMC Corporation (US). ADAMA (Israel), BotanoCap (Israel), Arysta LifeScience (US), GAT Microencapsulation (Austria), McLaughlin Gormley King Company (US), Reed Pacific (Australia), and Belchim (Belgium) are few other key market players who also have a significant share in the microencapsulated pesticides market.
Syngenta is one of the active players in the market, which operates through three business segments, namely, crop protection, seeds, and lawn & garden. The company is engaged in the discovery, development, production, and marketing of various products to improve crop yield in over 90 countries, worldwide, through its 107 production and supply sites. In May 2012, Syngenta Canada Inc. received registration of insecticide, Endigo, in Canada to control bean leaf beetles and soybean aphids in dried shelled beans and soybeans. Endigo is formulated using Zeon micro-encapsulation technology.
BASF has been operating in the market segments of chemicals, performance products, functional materials and solutions, agricultural solutions, and oil & gas. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions and pigments, care chemicals, nutrition and health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, crop protection, and oil & gas. The company provides microencapsulated products through the crop protection segment of its agricultural solutions unit. In July 2017, BASF launched new pest solution, Fendona CS, in the US to control mosquitoes, spiders, and scorpions. In addition to this, Fendona CS controls border pests including ants and beetles, and occasional invaders such as earwigs and pillbugs.
Bayer CropScience is one of the leading players in the agricultural industry and offers products in the seeds, crop protection, and non-agricultural pest control segments. It develops solutions for controlling pests such as cockroaches or rodents in the food industry, within the vector control space; it develops solutions to control mosquitoes as well. The company has a global sales and distribution network in over 120 countries. In September 2017, Bayer AG entered into collaboration with the Institute of Molecular Biology and Biotechnology at the Foundation for Research and Technology (IMBB-FORTH) in Greece to develop novel pest control solutions.
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
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