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

Global Microencapsulated Pesticide Market size was valued at USD 603.23 million in 2022 and is poised to grow from USD 679.84 million in 2023 to USD 1769.29 million by 2031, at a CAGR of 12.7% during the forecast period (2024-2031). 

The rising use of microencapsulated insecticides in agriculture to manage various disease vectors and pests is a major driver driving market expansion. This herbicide is also effective against bug infestation, invasive plants, mosquitoes, rats, mice, and various other pests. The increasing use of microencapsulated insecticides in agricultural applications is expected to be the primary driver of market expansion in the coming years.

Microencapsulated pesticides are small capsules with a circumference of 1-1000 m that are packed with liquid, solid, or gas ingredients and have been widely used in agricultural and non-agricultural applications including forestry, ornamental and turf, structural, and others. Pesticide capsules are dissolved in water and sprayed on crops. The polymer shell of the capsule dissolves in water and slowly releases the insecticide. This is a method of gradually introducing pesticides into water while also controlling its loss. Microencapsulated capsules offer a variety of advantages, including crop protection from insect attack, stealth liquid to solid conversion, reactive component separation, and more.

Insecticides are popular microencapsulated insecticides because they can lessen the impact of insects by killing individuals or stopping them from performing damaging behavior. Insecticides are designed to kill insects or to moderate or lessen the risk of attacks by insects on crops. Insecticides function in a wide range of ways, including some damaging nerve systems and others destroying their exoskeletons. Insecticide use in crop protection is anticipated to rise in the future years, contributing to market growth.

Microencapsulated insecticides are widely employed in agricultural and non-agricultural applications. These pesticides are used in agriculture to keep insects from destroying crops. Farmers use these insecticides extensively to ensure the safety and security of their crops. Growing agricultural activities as a result of rising food consumption are expected to drive up demand for microencapsulated insecticides in the coming years. Non-agricultural applications include the use of pesticides in livestock, both residential and commercial properties, food processing, & public health situations. The increased demand for pesticides in the most convenient and safest form possible is expected to drive market expansion.

The government has undertaken a number of steps to reduce the harm caused by pesticides to persons and the environment. Pesticides are a group of chemicals that can be toxic to individuals and the natural world and create a variety of problems. As a result, several governments around the world have put various rules on its consumption, transit, and storage.

US Microencapsulated Pesticide Market is poised to grow at sustainable CAGR for the next forecast year.