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Nanopesticide Market By Type (Insecticides, Herbicides, Fungicides, Others), By Application (Production, Protection, Harvesting, Packaging, Others)- Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

The global Nanopesticide market is expected to grow at a CAGR of 15% to reach over USD 940 million in 2027 from USD 410 million in 2019.

Global Nanopesticide Market, 2015 – 2027 (USD Million)

Nanopesticides are microencapsulated pesticides. Encapsulation technology is growing in popularity among crop protection chemical manufacturers as well as end-users owing to multiple benefits offered by it. Encapsulation of active ingredients in pesticides helps to protect it from the surrounding environment and thus to keep its pesticide properties intact. Encapsulation not only helps to protect pesticides but also facilitates the release of pesticides in a controlled manner while improving their efficacy. Nanopesticides also help to reduce environmental impact by arresting their spread in the environment. This, in turn, drives the demand for nano pesticides. 

COVID 19 has left an unparallel impact on the production of nano pesticides in 2020. This, in turn, severely affected international trade, i.e., import and export of nano pesticides. Moreover, stringent regulations on the use of many active ingredients in nano pesticides significantly affect the market growth of nano pesticides.

Pre and Post COVID 19 Global Nanopesticide Market, 2019 – 2027 (USD Million)

The nano pesticides market is bifurcated into fungicides, insecticides, herbicides, and others. Insecticides were the largest product type segment in 2020, accounting for over 40% of the total revenue generated by this industry. Insecticides are likely to maintain their dominance in the global nano pesticides market over the forecast period. Ever rising demand for crop protection chemicals with lower environmental footprints with controlled release characteristics is mainly driving the demand for nano pesticides.

Global Nanopesticide Market Share by Type, 2019

Harvesting Production, Protection, and Packaging are major segments of the nano pesticides market. With better pest control properties than traditional pesticides, the demand for nano pesticides is growing at a rapid pace in agriculture. Moreover, pesticides with encapsulation are growing in popularity among other end-user applications such as food processing, preservation, and packaging.

Global Nanopesticide Market Share by Application, 2019

Europe is leading the adoption of nano pesticides with over 30% share in annual revenue generation in 2020. The Asia Pacific was the second largest market owing highest arable land and growing adoption of emerging crop protection technologies. Further, it is expected to grow rapidly over the forecast period. North America also held a significant market share in 2020. However, the Middle East and Africa is a very small market and expected to grow at a lower CAGR during the next few years.    

Global Nanopesticide Market Share by Region, 2019

Some key players in the global nano-pesticides market include Bioworks, Valent Biosciences, Andermatt Biocontrol, Marrone Bio Innovations, Camson Bio Technologies, Stockton, Bayer, and Corteva. Most companies are focused on extensive research and development in nano-pesticides. In addition, these companies primely focus development and promotion of nano pesticides in order to facilitate farmers to overcome the challenge of overuse of pesticides and effectively control its release into the environment.

Market Segmentation

Global Nanopesticide Market by Type, 2015 – 2027 (USD Million)

  • Insecticides
  • Herbicides
  • Fungicides
  • Others

Global Nanopesticide Market by Application, 2015 – 2027 (USD Million)

  • Production
  • Protection
  • Harvesting
  • Packaging
  • Others

Global Nanopesticide Market by Region, 2015 - 2027

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Global Nanopesticide Market: Key Players

  • Marrone Bio Innovations
  • Bioworks
  • Valent Biosciences
  • Andermatt Biocontrol
  • Stockton
  • Bayer
  • Camson Bio Technologies
  • Corteva

Frequently Asked Questions:

The market for Nanopesticide is expected to reach USD 410 million in 2028.

The Nanopesticide market is expected to see significant CAGR growth over the coming years, at 15%.

The report is forcasted from 2019-2027.

The base year of this report is 2021.

Marrone Bio Innovations, Bioworks, Valent Biosciences, Andermatt Biocontro, Stockton, Bayer, Camson Bio Technologies, Corteva are some of the major players in the global market.

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Published Date:  Nov 2020
Category:  Chemicals
Report ID:   60280
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
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