Slow and Controlled Release Pesticides Market

Slow and Controlled Release Pesticides Market Size (2023-2028)

The slow and controlled-release pesticide Market size was close to USD 2.83 billion in 2022 and is estimated to rise at a CAGR of 9.8% to reach USD 4.78 billion by 2028.

The slow and controlled release of pesticides consists of retarding biological agents which release their constituents into the environment over a defined period. These are bound chemically and physically in a polymer mix by using different techniques. The various systems to incorporate this formulation includes migration control with or without membranes, laminate systems, monolithic systems, etc. Slow and Controlled Release Pesticides Market Insights 2020, is a professional and in-depth study on the present state of the global business with a focus on future opportunities. The report offers major statistics on the market status of the Slow and Controlled Release Pesticides makers. It is a valuable source of guidance and direction for companies and people interested in the trade. On the whole, the report offers an in-depth insight into the 2020-2025 period, covering all significant parameters.

The increasing consciousness and worry about the diverse side effects of utilizing more than the needed amount of chemical-based pesticides, both on the health of the individuals and the environment, is the primary factor driving the expansion of the slow and controlled release of the pesticides market worldwide. The rising call for food crops to be met, owing to the quick escalation in the growth of the population, is also a significant driver behind the market expansion. In the last few years, the market has showcased rising investments in R&D activities for experimentation with the latest efficient methods of slow and controlled release formulations. The increasing awareness about the harmful effects of pesticides on the nearby surroundings is probable to act as an added benefit to the rising popularity of the product. 

SLOW AND CONTROLLED RELEASE PESTICIDES MARKET REPORT COVERAGE:

Market Segmentation:

Slow And Controlled Release Pesticides Market - By Application:

• Agriculture

• Others

On the basis of application, the Agriculture sector occupied the first position in the global market share in 2019. The agriculture sector is calculated to account for at least 60% of the worldwide market share in the foreseen period, owing to the rise in population that resulted in a humungous demand for food. Also, the increasing concerns related to the hazardous effects of various chemical products used in farming surges the need for these slow and controlled-release pesticides. 

Slow And Controlled Release Pesticides Market - By Type:

• Insecticides

• Herbicides

• Fungicides

• Others

Based on the type, the Herbicide sector proved to be the leading segment of the market worldwide. The rising demand for herbicides on account of growing agriculture is supposed to be a good influence on the market expansion of the sector. The herbicides sector is probable to be the leading pesticides-type, rising from 39.6% to 40.2% over the forecast period. 

Slow And Controlled Release Pesticides Market - By Region:

• North America

• Latin America

• Middle East & Africa

• Asia Pacific

• Europe

Owing to the focus on rising yield from agriculture in the U.S., the North America slow and controlled release pesticides market turned out to be the top contributor to the worldwide revenue. The Asia Pacific and Europe regions are estimated to have a high expansion rate in the estimated foreseen period, owing to the agriculture-dependent countries in the regions.

The expansion in population, together with increasing awareness of a healthy diet, is estimated to be among the key drivers for advancing this business. The fungicides are expected to see strong demand from the European region. France and Italy have the critical utilization of fungicides in the European slow and controlled release pesticides market owing to the limited arable land area and increasing migration in the region. Nevertheless, the government of France has deduced a plan to cut down its pesticide consumption by half. 

The fungicides are estimated to observe continuous demand from growing regions like India, South Africa, Brazil, Argentina, and so on. These regions have the agricultural segment as one of the key contributors to their GDPs. The focus on rising agricultural yield in these regions is probable to behave as a catalyst for the expansion of the fungicides sector throughout the foreseen period. 

The maximum development for the insecticides sector is estimated to be from the Asia-Pacific region. The expansion of the Asia pacific slow and controlled release pesticides market is supported by the technological developments implemented by emerging countries the areas like India, China, and so on. These countries practice agrarian culture owing to their vast population. The rising population, together with increasing urbanization and the rising buying power of the middle class is probable to drive the demand for agricultural commodities, which will act as a significant driver for the expansion of the insecticides sector in the region.

Recent Developments:

• In August 2019, Chinese scientists have become successful in developing light-responsive controlled-release pesticides that aid in reducing the loss of pesticides and improving usage efficiency.

• In November 2018, the National Chemical Laboratory of the Council of Scientific and Industrial Research scientists created a controlled-release formulation system, which involves an eco-friendly way of applying agrochemicals in croplands. Sugarcane bagasse, gelatinized maize starch, and urea-formaldehyde are used in the making of this system. 

Key Players:

1. ADAMA Agricultural Solutions Ltd

2. Arysta LifeScience Corporation

3. BASF SE

4. Bayer AG

5. The Dow Chemical Company

6. DuPont

7. Monsanto Company

8. Sumitomo Chemical Co. Ltd

9. Syngenta