The increasing need to ensure the safety of the food products, escalating efforts to circumvent the limitations of traditional pesticides, and the advent of novel and intelligent agrarian practices are the major elements contributing to the market demand.
Market Size- 2.27 Billion in 2020, Market Growth – CAGR of 7.6%, Market Trends – Accelerating adoption of sustainable agricultural methods
The global Slow & Controlled Release Pesticides Market size is expected to reach USD 3.86 Billion in 2028 at a CAGR of 7.6%, according to a new report by Reports and Data. The decreasing availability of agricultural land and the escalating global demand for food from the ever-growing population are the major factors supporting the market growth. To ensure the safety of the food products and crops, pesticides have been extensively used to protect the crop against major disasters. The intelligent method of slow and controlled release of pesticides has augmented the use of pesticides with a drastic reduction in waste materials and pollution. This is projected to significantly contribute to the market growth.
Controlled release technology has emerged as a versatile tool to mitigate problems with conventional pesticides such as loss of agrochemicals and increasing harm to non-target organisms. A controlled release formulation can main an efficient level of pesticide in the reservoir for a longer and controllable period of time. Controlled release technology is highly effective in agricultural areas where maintaining crop productivity and protection for a longer duration is vital. The main advantages of CR technology are the effective treatment, minimal side effects, enhanced efficiency, and an improved level of reliability and safety. These characteristics and advantages are further projected to bolster the industry growth over the estimated timeframe.
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Prominent players of the company include ADAMA Agricultural Solutions Ltd., Arysta LifeScience Corporation, Monsanto Company, Ltd., BASF SE, Sumitomo Chemical Co., The Dow Chemical Company, Syngenta, Bayer AG, and DuPont, among others.
Moreover, the advent of nanotechnology and the increasing incorporation of active compounds in capsules attached to nanoparticles are further contributing to the progress of sustainable agriculture. The controlled release formulations have the potential to increase soil fertility and provide a constant flux of agrochemicals for a desired period of time, thereby maintain economic viability. These factors are projected to propel the growth of the industry over the timeline. However, certain disadvantages associated with the technique can impede market growth.
Key Highlights from the Report:
- The escalating requirement for sustainable pest management solutions, growing apprehension about safe and clean food, and the increasing R&D activities to develop efficient herbicides are contributing to the growth of the herbicide segment.
- Based on the application, the agriculture segment is foreseen to observe remarkable growth in the projected timeframe accredited to a rapidly growing global populace, fast-paced urbanization, and implementation of favorable agricultural policies worldwide. The segment is projected to occupy a 62.4% share of the global market.
- The Asia Pacific is estimated to account for a sizeable share of the market in the estimated years owing to the rapidly progressing agricultural sector, increasing proportion of arable land, availability of numerous soil varieties, different climatic conditions, and soaring population growth driving the demand for food.
- In June 2020, McLaughlin Gormley King Co., Inc., a U.S-based insect control solutions company, expanded the list of pests that can be controlled by its product OneGuard Multi MoA. The product is a mixture of a knockdown agent, controlled-released insecticide, and synergists.
For the purpose of this report, Reports and Data has segmented the global Slow & Controlled Release Pesticide based on Pesticide Type, Application, and Region:
Pesticide Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Fungicide
- Herbicide
- Insecticide
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Agricultural
- Others
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Regional Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Table of content:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Slow and controlled release pesticides market – Industry snapshot
Chapter 3 Slow and Controlled Release Pesticides Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market size and growth prospects, 2018 – 2028
3.3 Value chain analysis
3.4 Slow and controlled release pesticides market dynamics
3.4.1 Market driver analysis
Chapter 4 Slow and Controlled Release Pesticides Market: Pesticides-Type Estimates & Trend Analysis
4.1 Global slow and controlled release pesticides market share by pesticides-type, 2021 & 2028
4.2 Herbicides
4.2.1 Market estimates & forecasts, from herbicides, 2018 – 2028 (USD Billion)
4.2.2 Market estimates & forecasts, from herbicides, by region, 2018 – 2028 (USD Billion)
4.3 Fungicides
4.3.1 Market estimates & forecasts, from fungicides, 2018 – 2028 (USD Billion)
4.3.2 Market estimates & forecasts, from fungicides, by region, 2018 – 2028 (USD Billion)
4.4 Insecticides
Continued….
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