Slow And Controlled Release Pesticides Market - Forecast(2024 - 2030)
Slow and Controlled Release Pesticides Market Overview
Slow and Controlled Release Pesticides Market size
is expected to be valued at US$3.4 billion by the end of the year 2027 and is set to grow at a CAGR of 7% during the forecast period from 2022-2027. The
increase in the number of pest populations is one of the major factors driving
the demand for slow and controlled release pesticides market. Slow and
controlled release pesticides, otherwise known as nanopesticides are effective in enhancing
stability, decreased volatility, control in the release of the content and
reduces odors in the pesticide formulation. Slow and controlled released
nanopesticides contain compounds such as organophosphates and organochlorines that are lipophilic and cause disruption to the enzymes of the pests without doing
much damage to the crops. Slow and controlled released nanopesticides are also a class of carbamates, that are used as sprays
or baits. The enhanced properties and the increased performance provided by
slow and controlled released pesticides is majorly driving the demand for slow and controlled released pesticides
market.
COVID-19 impact
Amid the Covid-19 pandemic, the slow and controlled released pesticides market
was majorly affected owing to the various economic restrictions laid down by many
governments across the globe. Owing to the various restrictions laid down
during the pandemic across the globe, the slow and controlled released pesticides market share was hugely
affected in terms of production, sales and distribution. This hugely impacted
the slow and controlled
released pesticides market, as the supply & sales decreased due to
the exponential decrease in demand for slow and controlled released pesticides.
The situation of the slow
and controlled released pesticides market is however set to improve by
the year ending 2021.
Report Coverage
The report: “Slow and Controlled Release Pesticides Market – Forecast (2022-2027)”,
by IndustryARC, covers an in-depth analysis of the following segments of
the Slow and Controlled Release Pesticides Industry.
By
Pesticide Type: Insecticide, Herbicide, Fungicide, Rodenticide, Acaricide,
Nematicide and Others.
By End-Use Industry: Agriculture [Food Crops (Wheat, Rice, Pulses and Others),
Cash Crops (Sugarcane, Cotton, Oilseeds and Others), Horticulture Crops
(Vegetables and Fruits), Plantation Crops (Tea, Coffee and Others), Turf and
Ornamental], Chemical Industry, Commercial Pest Control, Residential Pest
Control and Others.
By Geography:
North America (USA, Canada, Mexico), Europe (Germany, UK,
France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe),
APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia,
Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest
of South America) and RoW (Middle East and Africa).
Key Takeaways
- Asia-Pacific market is expected to grow in the slow and controlled release pesticides industry due to the growing population coupled with the increase in demand from the food industry.
- The enhanced properties of nanopesticides such as controlled release and usage is also contributing to the demand of slow and controlled release pesticides market.
- The growing agricultural industry is also driving the demand for slow and controlled release pesticides market.
- Amid the Covid-19 pandemic, the slow and controlled release pesticides market witnessed a major setback due to decrease in demand and production owing to the many economical and legal restrictions.
Figure: Asia-Pacific Slow and Controlled Release Pesticides Market Revenue, 2021-2027 (US$ Billion)
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Slow and Controlled Release Pesticides Market Segment Analysis – By Pesticide Type
Insecticide segment held the largest share in
the slow and controlled release pesticides market in the year 2021 and is growing at a CAGR of 6.8% during the forecast period 2022-2027. Insecticides
are used to kill most types of insects and pests. It is also used in various
applications ranging from agriculture to use in commercial spaces and
buildings. Insecticides also include ovicides and larvicides which are used for
controlling the larvae and eggs laid by insects. This way, the infestation can
be curbed from the early stages. Insecticides also comes in nanopesticides form, which can be easily applied and used. It is
also easier to use and gives the user the option of releasing it according to
their requirement in a controlled manner. This will help in not damaging the
crop. Therefore, the demand for insecticide segment in the slow and controlled release pesticides market is increasing and is
expected to grow further during the forecast period.
Slow and Controlled Release Pesticides Market Segment Analysis – By End-Use Industry
Agricultural segment held the largest share in the slow and controlled release pesticides market in the year 2021 and is growing at a CAGR of 7.3% during the forecast period 2022-2027. Slow and controlled release pesticides are widely used in the agricultural sector to help reduce the growth of pest population on crops. Slow and controlled release pesticides or nanopesticides also have this advantage of being sprayed in a controlled and limited manner, such that the crops don’t get affected and it leaves a residue on the crops. The increase in the growth of the agricultural industry across the globe coupled with the growing demand for food is also driving the slow and controlled release pesticides market. This is majorly driving the slow and controlled release pesticides industry.
Slow and Controlled Release Pesticides Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 30% in the slow and controlled release pesticides market in the year 2021. The growing population in countries like China, India and Indonesia along with the increase in the demand for food consumption is majorly increasing the demand for agricultural activities in the region. According to data from World Bank, the value-added percentage of GDP from agriculture, forestry, and fishing in China increased from 7.14% in 2019 to 7.65% during 2020. Furthermore, according to Indian Brand Equity Foundation, the agriculture industry is the primary source of livelihood for around 58% of India’s livelihood. Additionally, according to World Bank, the value-added percentage of GDP from agriculture, forestry, and fishing in Indonesia increased from 12.71% in 2019 to 13.70% during 2020. This will further drive the demand for slow and controlled release pesticides and increase the slow and controlled release pesticides market size.
Slow and Controlled Release Pesticides Market Drivers
Enhanced performance of nanopesticides is driving the demand for slow and controlled release pesticides market
The enhanced performance of nanopesticides is one of the major factors driving the slow and controlled release pesticides market. Slow and controlled release pesticides or nanopesticides can be released in a controlled and limited manner. This helps in only releasing the required number of pesticides on to the crops or on the surface it is being used. Nanopesticides provide efficient results as it is done in a controlled and desired manner. It is also more durable and exhibits a reduced amount of active ingredients deposition on the crops or the surface. Nanopesticides provide efficient results and is also easy to be stored. Therefore, the properties and advantages of slow and controlled release pesticides or nanopesticides is driving the demand for slow and controlled release pesticides market.
The growing agricultural industry across the globe is increasing the demand for slow and controlled release pesticides
The growth in the agriculture industry across the globe is one of the major and significant factors driving the demand for slow and controlled release pesticides market across the globe. According to National statistics of UK, the production of seeds increased by 17% in Europe during the year 2020 and the production of plant protection products increased by 10%. Additionally, according to World Bank, the value-added percentage of GDP from agriculture, forestry, and fishing in across the world increased from 3.31% in 2018 to 3.54% during 2019. The value-added percentage of GDP from agriculture, forestry, and fishing in South Korea increased from 1.62% in 2019 to 1.75% during 2020, and the value-added percentage of GDP from agriculture, forestry, and fishing in Brazil increased from 4.4% in 2019 to 5.9% during 2020. The value-added percentage of GDP from agriculture, forestry, and fishing across the world increased from 3.31% in 2018 to 3.54% during 2019. This will further increase the demand for slow and controlled release pesticides market.
Slow and Controlled Release Pesticides Market Challenges
Risks and uncertainties of using nanopesticides is limiting the growth of the slow and controlled release pesticides market
Nanopesticides may include new kinds and types of
contamination of soil and waterways as it possesses enhanced properties that included
advanced compounds and components. Nanopesticides
include enhanced transport, higher toxicity and longer persistence, which requires
the chemicals to stay longer on the crops or surface. This increases the
chances of the toxicity staying longer in the crop or surface. This increases
the risk of it being transferred to humans and other animals, causing severe
health conditions. This is one of the major challenges restricting the growth
of the slow and controlled
release pesticides market.
Slow and Controlled Release Pesticides Market Industry Outlook
Investments, production expansion, acquisitions and
mergers, facility expansion collaborations, partnerships, are some of the key
strategies adopted by players in the Slow and Controlled
Release Pesticides Market. Major players in the Slow and Controlled Release Pesticides Market
include:
- Syngenta
- DAMA Agricultural Solutions Ltd.,
- The Dow Chemical Company
- BASF SE
- Arysta LifeScience Corporation
- Monsanto Company
- Bayer AG
- DuPont,
- Kingenta Group
- Sumitomo Chemical Co. Ltd.
Acquisitions/Technology Launches
- In March 04, 2021, Kingenta Group, a leading producer of slow and controlled release pesticides acquired Noberfun Agriculture Co. Ltd, China. This helped Kingenta Group in increasing their production and expanding their portfolio.
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LIST OF TABLES
1.Global Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)1.1 Herbicide Market 2023-2030 ($M) - Global Industry Research
1.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
1.2 Fungicide Market 2023-2030 ($M) - Global Industry Research
1.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
1.3 Insecticide Market 2023-2030 ($M) - Global Industry Research
1.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
2.Global Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
2.1 Agriculture Market 2023-2030 ($M) - Global Industry Research
2.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
3.Global Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 (Volume/Units)
3.1 Herbicide Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 (Volume/Units)
3.2 Fungicide Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 (Volume/Units)
3.3 Insecticide Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 (Volume/Units)
4.Global Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
4.1 Agriculture Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 (Volume/Units)
5.North America Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Herbicide Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
5.2 Fungicide Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
5.3 Insecticide Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
6.North America Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
7.South America Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Herbicide Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
7.2 Fungicide Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
7.3 Insecticide Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
8.South America Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
8.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
9.Europe Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)
9.1 Herbicide Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
9.2 Fungicide Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
9.3 Insecticide Market 2023-2030 ($M) - Regional Industry Research
9.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
10.Europe Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
10.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
11.APAC Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Herbicide Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
11.2 Fungicide Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
11.3 Insecticide Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
12.APAC Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
12.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
13.MENA Slow And Controlled Release Pesticide Market:Pesticides-Type Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Herbicide Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Market Estimate Forecast From Herbicide Market 2023-2030 ($M)
13.2 Fungicide Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Market Estimate Forecast From Fungicide Market 2023-2030 ($M)
13.3 Insecticide Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Market Estimate Forecast From Insecticide Market 2023-2030 ($M)
14.MENA Slow And Controlled Release Pesticide Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
14.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Market Estimate Forecast By Agriculture Market 2023-2030 ($M)
LIST OF FIGURES
1.US Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)2.Canada Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
3.Mexico Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
4.Brazil Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
5.Argentina Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
6.Peru Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
7.Colombia Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
8.Chile Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
9.Rest of South America Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
10.UK Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
11.Germany Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
12.France Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
13.Italy Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
14.Spain Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
15.Rest of Europe Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
16.China Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
17.India Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
18.Japan Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
19.South Korea Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
20.South Africa Slow And Controlled Release Pesticides Market Revenue, 2023-2030 ($M)
21.North America Slow And Controlled Release Pesticides By Application
22.South America Slow And Controlled Release Pesticides By Application
23.Europe Slow And Controlled Release Pesticides By Application
24.APAC Slow And Controlled Release Pesticides By Application
25.MENA Slow And Controlled Release Pesticides By Application
26.Adama Agricultural Solution Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arysta Lifescience Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Bayer Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.The Dow Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Dupont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Monsanto Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sumitomo Chemical Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Syngenta, Sales /Revenue, 2015-2018 ($Mn/$Bn)