The Asia-Pacific Slow and Controlled Release Pesticides Market was worth US$ 0.69 billion in 2023 and is anticipated to reach a valuation of US$ 1.36 billion by 2029 and is predicted to register a CAGR of 11.79% during 2024-2029.
Market Overview:
The slow and controlled release type of pesticides comprises retarding biological agents that release their constituents into the environment over a specific time period. These agents are bonded physically and chemically in a compound polymer mix by utilizing numerous techniques. The various systems to form this formulation include migration management by membranes, migration management without using membranes, monolithic system, and laminate system.
The rising consciousness and concern about the diverse side effects of using more than the required amount of chemical-based pesticides, both on the health of the people and on the environment, is the main factor driving the growth of the market globally. Increasing demand for food crops to be met, due to the rapid population growth, is also a key driver behind the market growth.
Market Segmentation:
The agriculture segment occupied the first position in this segmentation in 2016. The Agriculture segment is calculated to account for at least six-tenths (60%) of the market share in the period forecast.
As per the contributed market share, the Herbicide segment proved to be the dominating segment of the market. The growing demand for herbicides on account of expanding agriculture is supposed to be a positive influence on the market growth of the Herbicides segment.
Asia-Pacific Slow and Controlled Release Pesticides Market Regional Analysis:
By region, the Asia-Pacific Slow and Controlled Release Pesticides Market is analyzed under the following regions – India, China, Korea, Japan and other countries. Because of China and India, two big, developing, and agriculture-based economies in the region, the Asia-Pacific market is calculated to come second in terms of growth rate, next to the North American market.
Asia-Pacific Slow and Controlled Release Pesticides Market key players:
Frequently Asked Questions
The Asia-Pacific Slow and Controlled Release Pesticides Market is expected to grow with a CAGR of 11.79% between 2024-2029.
The Asia-Pacific Slow and Controlled Release Pesticides Market size is expected to reach a revised size of US$ 1.36 billion by 2029.
DuPont, ADAMA Agricultural Solutions Ltd., The Dow Chemical Company, Syngenta, and Monsanto Company, are the three Asia-Pacific Slow and Controlled Release Pesticides Market Key Players.
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