The global nanopesticide market was valued at $0.5 billion in 2021, and is projected to reach $1.6 billion by 2031, registering a CAGR of 12.5% from 2022 to 2031.
Nanopesticides can be developed from different types of nanomaterials. These include chitosan nanoparticles, various types of carbon nanostructures, such as graphene and its derivatives, carbon nanodots, carbon nanotubes, and others. Also, chitin, micelles, clays, clay derivatives, synthetic clays, activated carbon, zeolites, silica, and others, have been used for the production of host-guest nanopesticides. Nanopesticides are used as agro-nanochemicals for fertilizer, soil improver, plant protection and management, precision farming, sensors and detectors, pesticide remediation, animal production, postharvest management, and more. Nanopesticides are also utilized to improve agricultural yield and prevent food waste. Nanopesticides can boost vegetative growth, reproductive development, and blooming, thus increasing output, fruit quality, and shelf-life.
For the purpose of analysis, the nanopesticide market scope covers type, utility, application, and region. The report outlines the details about nanopesticide types, including nanoinsecticides, nanoherbicides, nanofungicides, and others. The use of nanopesticide in various applications, including pest control, packaging, and others is analyzed in the report. Moreover, it analyzes the current market trends of nanopesticide across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Andermatt Biocontrol, Bayer, BioWorks, Inc., Camson Biotechnologies, Corteva, Marrone Bio Innovations Inc, Migrow Agro Solution, Plantix Crop Care, Stockton Biotechnologies, and Valent BioSciences LLC.
Nanopesticides can be developed from different types of nanomaterials. These include chitosan nanoparticles, various types of carbon nanostructures, such as graphene and its derivatives, carbon nanodots, carbon nanotubes, and others. Also, chitin, micelles, clays, clay derivatives, synthetic clays, activated carbon, zeolites, silica, and others, have been used for the production of host-guest nanopesticides. Nanopesticides are used as agro-nanochemicals for fertilizer, soil improver, plant protection and management, precision farming, sensors and detectors, pesticide remediation, animal production, postharvest management, and more. Nanopesticides are also utilized to improve agricultural yield and prevent food waste. Nanopesticides can boost vegetative growth, reproductive development, and blooming, thus increasing output, fruit quality, and shelf-life.
For the purpose of analysis, the nanopesticide market scope covers type, utility, application, and region. The report outlines the details about nanopesticide types, including nanoinsecticides, nanoherbicides, nanofungicides, and others. The use of nanopesticide in various applications, including pest control, packaging, and others is analyzed in the report. Moreover, it analyzes the current market trends of nanopesticide across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Andermatt Biocontrol, Bayer, BioWorks, Inc., Camson Biotechnologies, Corteva, Marrone Bio Innovations Inc, Migrow Agro Solution, Plantix Crop Care, Stockton Biotechnologies, and Valent BioSciences LLC.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nanopesticide market analysis from 2021 to 2031 to identify the prevailing nanopesticide market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nanopesticide market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nanopesticide market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Utility
- Food Crop
- Industrial Crop
By Application
- Pest Control
- Packaging
- Others
By Type
- Nanoinsecticides
- Nanoherbicides
- Nanofungicides
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- ANDERMATT BIOCONTROL AG
- Bayer AG
- BioWorks, Inc.
- Camson Biotechnologies
- Corteva
- Marrone Bio Innovations
- Migrow Agro Solution
- Plantix Crop Care
- Stockton Biotechnologies
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANOPESTICIDE MARKET, BY TYPE
CHAPTER 5: NANOPESTICIDE MARKET, BY UTILITY
CHAPTER 6: NANOPESTICIDE MARKET, BY APPLICATION
CHAPTER 7: NANOPESTICIDE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nanopesticide Market," the nanopesticide market was valued at $0.5 billion in 2021, and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 12.5% from 2022 to 2031.Nanopesticides can be employed as vectors, both directly and indirectly as it inherits some of the fundamental properties, such as permeability, stiffness, crystallinity, biodegradability, and thermal stability, which are advantageous over commonly used synthetic pesticides. Nanopesticides are used to manage a wide range of pests and disease vectors, including mosquitoes, ticks, rats, and mice. In agriculture, nanopesticides are used to manage weeds, insect infestations, and illnesses.
Nanopesticides in the agriculture sector includes fungicides, herbicides, insecticides, rodenticide, and others. They are used in all farming industries, including horticulture, dairy farming, poultry, crop shifting, and commercial planting. Nanopesticides are used by farmers to control weeds, increase agricultural productivity, and preserve agricultural product. These minimize total chemical consumption, harmful residues, and offer overall crop protection. Nanopesticide formulations can improve water solubility, bioavailability, and preserve agrochemicals from environmental degradation, revolutionizing crop pest control against diseases, weeds, and insects. Nanopesticides protect plants and boost leaf coverage. Nanopesticides, comprising of nanoscale active ingredients with broad-spectrum insect repellent, bactericidal, and fungicidal capabilities, has recently gained prominence for tomato disease management.
The growth of the global nanopesticide industry is majorly attributable to its wide use in applications, such as pest control and packaging. Also, surge in use of nanopesticide in food packaging is expected to drive the market growth during the forecast period. There is rising food waste and loss caused during the different stages of the supply chain process. According to the FAO, food wastes amount to approximately $310 Bn in developing economies and $680 Bn in industrialized economies. The statistics describe the increasing concern for food waste. Consumption of fresh foods and vegetables has been increasing around the globe. Agro-economic nations are emphasizing on exporting fresh fruits and vegetables to mitigate the demand gap. This is driving the demand for nanopesticides in the packaging of these fresh foods to lessen the loss in the supply chain and maintain the freshness of products. Nanopesticides are mostly used in food packaging containing nanoparticles that are utilized to impart antimicrobial action and increase barrier qualities, which extend the shelf life and freshness of packaged food.
However, high costs associated with nanopesticides is projected to hinder the expansion of the market. On the contrary, growing exports of fresh fruits and vegetables is expected to offer ample growth opportunities for the nanopesticides market. According to the data from the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-Products, China’s fruit imports and exports, both registered noteworthy year-on-year growth in the first half of 2021. The country's fruit exports in the first six months of 2021 stood at a volume of 1.43 million tons and a value of $2.29 billion, corresponding to YOY gains of 5.9% and 15.4%, respectively.
The nanopesticide market is segmented into type, utility, application, and region. On the basis of type, the market is categorized into nanoinsecticides, nanoherbicides, nanofungicides, and others. On the basis of utility, the market is categorized into food crop and industrial crop. On the basis of application, the market is categorized into pest control, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The nanopesticide market share is analyzed across all significant regions and countries.
The major players operating in the global Nanopesticide market include Andermatt Biocontrol, Bayer, BioWorks, Inc., Camson Biotechnologies, Corteva, Marrone Bio Innovations Inc, Migrow Agro Solution, Plantix Crop Care, Stockton Biotechnologies, and Valent BioSciences LLC.
COVID-19 Analysis
The COVID-19 pandemic had a negative impact on the food and agriculture industry. Due to social alienation, COVID-19 has harmed food and agricultural productivity including nutrition as well as farmer livelihoods. However, the consumption of fruits & vegetables among the populace increased during the pandemic owing to the health benefits associated with them. Nanopesticides are utilized in packaging of fruits and vegetables in order to maintain the freshness in these perishable food products. These also improve the chemical content of fruits and vegetables, such as beta carotene, naringenin, and chlorogenic acid while also providing a healthy source of fiber, which reduces constipation, decreases cholesterol, regulates blood sugar levels, and aids with weight management. Nanopesticides are also widely used in food packaging containing nanoparticles which are used to impart antimicrobial action, which extend the shelf life and freshness of packaged food. Consequently, the growing consumption of fruits & vegetables along with surge in demand for food packaging is anticipated to propel the nanopesticide market during the pandemic period.Key Findings of the Study
By type, the nanoinsecticides segment was the highest revenue contributor to the market in 2021By utility, the industrial crop segment was the highest revenue contributor to the market in 2021 growing with a CAGR of 12.2%
By application, pest control segment dominated the market in 2021 and is estimated to grow with a CAGR of 12.2%.
By region, Asia-Pacific was the highest revenue contributor to the market in 2021.
China was the highest revenue contributor in 2021, growing with a CAGR of 14.4%.
South Korea and Japan are expected to witness considerable CAGRs of 12.7% and 12.4%, respectively, during the forecast period.
Companies Mentioned
- Andermatt Biocontrol AG
- Bayer AG
- Bioworks, Inc.
- Camson Biotechnologies
- Corteva
- Marrone Bio Innovations
- Migrow Agro Solution
- Plantix Crop Care
- Stockton Biotechnologies
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 0.5 billion |
| Forecasted Market Value ( USD | $ 1.6 billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
