Microencapsulated Pesticides Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Herbicides, Fungicides, Insecticides, and Rodenticides), By Application (Agricultural and Non-Agricultural), By Crop (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Turf and Ornamental), By Technology (Physical, Chemical, and Physico-Chemical) and Region  

Microencapsulated Pesticides Market size was valued at US$ 613.23 million in 2023 and is poised to grow at a CAGR 11.3% from 2024-2030 owing to controlled release of pesticides through microencapsulation, that improves the efficiency of agricultural operations coupled with reducing environmental and health risks and issues like maximum residue levels (MRLs) and support by the government in the adoption of modern agriculture techniques are the major factors that are driving the growth of the microencapsulated pesticides market. However, the high cost of manufacturing and storage issues are projected to hinder the growth of the market.

Global market is surging owing to acquisitions, and launch of new products into the market. For instance, In June 2018, BASF has received the first global registrations in Australia and India for the new active organic active ingredients, Inscalis insecticide. The company anticipates further registrations in the United States (U.S.), Canada, Mexico, China, and Argentina. Microencapsulated pesticides are mixed with water and they are sprayed just like other sprayable pesticides. Plastic walls of capsules break on spraying and the pesticide is slowly released. The spray helps in gradual release of the pesticide. Microencapsulated pesticides contain an active agent and surrounded polymeric shell dispersed in polymeric matrix. Microencapsulated pesticides offer several benefits such as conversion of liquids into solids, protection of the environment, separation of reactive compounds, and superior material-handling properties.