Microencapsulated Pesticide Market Size, Share, Growth Analysis, By Type(Insecticides, Herbicides, Rodenticides, Fungicides), By Application(Agricultural, and Non-agricultural), By Region - Industry Forecast 2024-2031

Europe dominated the microencapsulated pesticides market, accounting for approximately 34.0% of total sales in 2022. This is due to increased agricultural productivity throughout European countries. The increasing number of people and rising food consumption have been the primary drivers of market expansion in Europe. Europe is the leading producer of rice, wheat, grain, potatoes, soy beans, and other crops. Growing agricultural activities are expected to increase demand for microencapsulated insecticides in Europe in the coming years.

Asia Pacific is the world's most populous region. With 4.3 billion people, this region makes up 60% of the total global population, according to the UN Fund for Population Activities (UNFPA). The region's increasing population has been a major contributor to the region's rising food consumption, which has fueled agricultural activity. Pesticides are frequently used by farmers to safeguard their crops against insect assault. Pesticides, on the other hand, are regarded detrimental to the natural world due to their hazardous nature, however microencapsulated insecticides provide a little more safety due to their polymer cover; consequently, it is widely consumed in Asia Pacific and is expected to rise in the future.