October 20, 2021
According to the report titled ‘Global Slow and Controlled Release Pesticides Market Size study, by Pesticides-type (Herbicides, Fungicides, Insecticides, Others) by Application (Agriculture, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global slow and controlled release pesticides market is predicted to expand at a significant rate during the forecast period 2021-2027.
A scarcity of fertile land and fast-growing population are the key factors contributing to the growth of global slow and controlled release pesticides market. In this context, Statista stated that the worldwide population is likely to increase to 10.7 billion by 2100, up from 7.75 billion in 2020.
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For the unaware, pesticides with a slow and controlled release are largely employed in agriculture to control pest levels on crops and to prevent crop fever.
Flourishing agricultural sector is expected to fuel market growth over the forecasted period as well. However, greater pollution levels, coupled with increased competition from existing and new players will stifle market growth over the forecast period of 2021-2027.
As per pesticides type, worldwide slow and controlled release pesticides market is divided into fungicides, herbicides, insecticides, and others. Moving on to application scope, the industry is divided into agriculture, and others.
From the regional perspective, the market is classified into North America (Canada, U.S.), Latin America (Mexico, Brazil), Europe (France, Italy, Germany, Spain, UK), and Asia-Pacific (South Korea, Japan, India, China, Australia). Due to increased agricultural production, North America has become an economic powerhouse for the global market.
Meanwhile, throughout the projected period 2021-2027, Asia-Pacific market is anticipated to develop at a significant rate, attributable to booming population.
The competitive landscape of the global slow and controlled release pesticides industry is defined by companies such as Syngenta Group, AgroSavfe, Dow Chemical Company, Sumitomo Chemical Co. Ltd., ADAMA Ltd., DuPont de Nemours Inc., Bayer AG, Arysta LifeScience Corporation, Monsanto Company, and BASF SE among others.
The research includes potential opportunities in the industry for stakeholders to invest, and also a comprehensive breakdown of the competitive landscape and significant competitors' market propositions.