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    Home > Agriculture News > Pesticide News > Controlled-release pesticides will become the sunshine industry in the next five years

    Controlled-release pesticides will become the sunshine industry in the next five years

    • Last Update: 2022-02-25
    • Source: Internet
    • Author: User
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    In 2016, the global controlled-release pesticide market was valued at approximately US$1.
    7 billion.
    It is expected that the global controlled-release pesticide market will grow at a compound annual growth rate of 7.
    3% from 2017 to 2025 due to the limitation of arable land and the increasing demand for food
    .
    Controlled-release pesticides refer to new pesticide formulations in which controlled-release substances are added through chemical and physical techniques to control the slow release of pesticide active ingredients
    .
    From 2016 to 2025, herbicides are expected to be the pesticide category with the fastest growth rate in the global controlled-release pesticide market, and their share will increase from 39.
    6% in 2016 to 40.
    2% in 2025
    .
    The increase in the market share of herbicides will benefit from the increase in the population of developing countries and the increase in food safety concerns
    .
    The increase in the global population may exacerbate the problem of tight food supply, and the use of biotechnology and corresponding chemical products may increase crop yields
    .
    According to the division of application fields, controlled-release pesticides are mainly divided into agricultural uses and other applications.
    Among them, agricultural uses occupy a dominant position, occupying a market share of up to 61.
    8%.
    The market share is expected to increase slightly to 62.
    7% by 2025
    .
    From a specific market perspective, North America may be the dominant market for controlled-release pesticides from 2017 to 2025.
    The higher agricultural productivity in this region will promote the sustained growth of the slow-release pesticide market
    .
    In addition to North America, the Asia-Pacific region, Europe, CSA, and MEA (Middle East Asia) will also become the market for controlled release pesticides.
    Among them, the regions with the highest compound annual growth rate are expected to be the Asia-Pacific region and the CSA region
    .
    Judging from the current market structure, the main players of controlled release pesticides are increasing their market share by implementing growth acquisition strategies.
    In the next few years, with the progress of industry mergers and reorganizations, controlled release pesticides may become an oligopoly.

    .
    At present, relevant mergers and acquisitions in this field include the Dow DuPont merger, the Bayer Monsanto merger and the acquisition of Syngenta by ChemChina
    .
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