The global nanopesticide market size was US$ 9.8 billion in 2021. The global nanopesticide market size is estimated to reach US$ 30.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.5% during the forecast period from 2022 to 2030.
Nanopesticides are microencapsulated pesticides that are classified as insecticides, fungicides, herbicides, and others. It uses nanotechnology for plant protection and insect pest control by delivering the latest and most advanced formulations that can penetrate the insect body. The nano pesticide formulations can improve water solubility, and bioavailability, and protect agrochemicals against environmental degradation, revolutionizing the control of pathogens, weeds, and insects in the crops.

Factors Influencing Market Growth

• An upsurge in the usage of nanopesticides in applications, like pest control and packaging is expected to drive the overall market expansion.
• The rise in the demand for nanopesticides from the agricultural sector is likely to drive the overall market expansion.
• High costs associated with nanopesticides are expected to hinder the overall market growth.
• The increasing exports of fresh fruits and vegetables are anticipated to drive the overall market growth.

Effect of the COVID-19 Pandemic

The COVID-19 pandemic had a severe impact on the food and agriculture industry. Social separation has harmed food and agricultural productivity like nutrition and farmer livelihoods. However, the usage of fruits and vegetables is produced during COVID-19 owing to the health benefits associated with them. They are used in the packaging of fruits and vegetables to reduce the loss in the supply chain and maintain the freshness of these products. Thus, the increasing need for fruits and vegetables and food packaging is expected to drive the overall market.

Regional Analysis

Asia-Pacific is anticipated to record significant growth during the analysis period. This growth is due to the comprehensive use of nanopesticides in agricultural products in the region. China and India are known for being the largest producers of cotton. Higher need for food grains, rise in export, restricted availability of arable land, and growth in floriculture and horticulture are also driving the market growth in the region.

Leading Competitors
The prominent players in the global nanopesticide market are:
• Stockton Biotechnologies
• Plantix Crop Care
• Migrow Agro Solution
• Camson Biotechnologies
• Marrone Bio Innovations
• Bayer AG
• ANDERMATT BIOCONTROL
• BioWorks
• Corteva
• Others
Segmentation Analysis
The global nanopesticide market segmentation focuses on Utility, Application, Type, and Region.
Segmentation on the basis of Utility
• Food Crop
• Industrial Crop

Segmentation on the basis of Application
• Pest Control
• Packaging
• Others

Segmentation on the basis of Type
• Nanoinsecticides
• Nanoherbicides
• Nanofungicides
• Others

Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America