Increase in Use of Crop Protection Products in Developing Countries Drives the Pesticide Inert Ingredients Market

The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

The report "Pesticide Inert Ingredients Market by Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023", The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=176580687

Report Objectives:

  1. Determining and projecting the size of the pesticide inert ingredients market with respect to type, form, source, pesticide type, and region over a five-year period from 2018 to 2023
  2. Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions Analyzing the demand-side factors on the basis of the following:

  3. Impact of macro- and microeconomic factors on the market

  4. Shifts in demand patterns across different subsegments and regions
  5. Recognizing the key drivers and restraints impacting the global market
  6. Analyzing regulatory frameworks across regions and their impact on prominent market players
  7. Providing insights on key investments in technology innovations and technology
  8. Profiling key players of the pesticide inert ingredients market and comprehensively analyzing their market position and core competencies
  9. Providing a comparative analysis of market leaders on the basis of the following: Product offerings
  10. Business strategies
  11. Strengths, weaknesses, opportunities, and threats
  12. Key financials
  13. Understanding the competitive landscape and identifying major growth strategies adopted by players across key regions
  14. Analyzing the regulatory frameworks across regions and their impact on prominent market players
  15. Providing insights on key investments in product innovations and technology development

On the basis of type, the emulsifiers segment is projected to witness the fastest growth during the forecast period.

Emulsifiers help in stabilizing the mixture of two liquids and avoid the formation of immiscible liquid phases. Major emulsifiers that are used as inert ingredients are polymers, nonylphenol and alcohol ethoxylates, and alcohol alkoxylates. The demand for emulsifier-based products remains high in the North American region due to the increasing industrialization and decreasing land area for agriculture, which in turn, creates demand for the use of pesticides for ensuring food security and production.

With the increasing demand for organic fruits and vegetables, the bio-based segment is projected to witness the fastest growth, on the basis of source. It has been witnessed that some of the inert ingredients used in pesticide formulation are more toxic than the active ingredients. Increasing health hazards associated with the usage of synthetic-based inert ingredients in pesticides creates an opportunity for the market players to develop bio-based inert ingredients from sources such as microbes for the formulation of bio-based pesticides. Governmental bodies and regulatory authorities have introduced regulations for the use of toxic pesticides, which affects the growth of bio-based inert ingredients in the market.

Speak to Analyst: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=176580687

On the basis of form, the liquid segment is projected to account for a higher share in the pesticide inert ingredients market during the forecast period.

Liquid inert ingredients reduce waste and have a larger target coverage area. In addition, the uniformity and ease in mixing the liquid inert ingredients in pesticide formulations are key factors driving the demand for these forms among local manufacturers in developing countries. Thus, the liquid segment is estimated to dominate the pesticide inert ingredients market. Most of the pesticide formulations are also available in liquid form and thus the share for the liquid segment is projected to remain high.

Asia Pacific is projected to witness the highest growth in the pesticide inert ingredients market during the forecast period

The Asia Pacific region is one of the leading consumers of pesticides across regions, even though the region mainly depends on imports for pesticide supply. Inert ingredients are increasingly consumed by pesticide manufacturers at the production facility during the formulation stage, and countries such as India, Thailand, and Vietnam depend on imports for pesticides. Hence, the market for pesticide inert ingredients remains smaller when compared to the Americas and Europe. However, the pesticide inert ingredients market is well-established in developed countries with the increasing establishment of production plants in the Asian countries. Due to these factors, the use of inert ingredients along with pesticide application is projected to increase in the future.

Key Market Players:

Major market players in the pesticide inert ingredients market are BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International (UK). BASF SE (Germany), one of the world’s largest chemical companies, operates through seven major segments. With a broad product range, diverse customer base, and operations in more than 80 countries through its joint ventures and subsidiaries, the company has marked its presence on the growth trajectory. DowDuPont is another leading player wherein, Dow Crop Defense focuses on providing inert and additive ingredients, which enhances the effectiveness of pesticides and adjuvant formulations. This, in turn, helps farmers to produce and offer healthier crops. There are some other players in the industry, which are focusing on serving the market with various inert ingredient products and capturing a larger market share such as Eastman Chemicals (US), Solvay (Belgium), Evonik (Germany), Huntsman Corporation (US), Akzonobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands).

Loading...

Comments

No comments to display.

Related posts

Hadron Therapy Industry 2019-2025: Global Size, Share, Emerging Trends, Demand, Revenue and Forecasts Research

Hadron Therapy Industry 2019 Global Market research report studies latest Hadron Therapy industry aspects market size, share, trends, growth, business overview and Hadron Therapy industry scenario during the forecast period (2019-2025).

Acid Catalysts Industry 2019: Global Market Size, Growth, Share, Insights, Supply, Drivers, Demand, Outlook, Trends and Forecasts 2025

A latest report has been added to the wide database of Orian Research Consultant titled “Global Acid Catalysts Market Research Report (2025)” which provides an outlook of current market value, Size, Share, Growth, Trends and Forecast.

Continuous Renal Replacement Therapy Industry 2019 Global Market Size, Share, Growth, Sales and Drivers Analysis Research Report 2025

Continuous Renal Replacement Therapy Industry 2019 Global Market Research report provides information regarding market size, share, trends, growth, cost structure, capacity, and revenue and forecast 2025.

Black Pellets Industry 2019 Global Market Size, Outlook, Demand, Key Manufacturers and 2025 Forecast

A recent market report published on the “Black Pellets Industry” presents an in-depth overview of the Black Pellets industry. Global Black Pellets market research report covers the overview, summary, Black Pellets market dynamics, competitive analysis, and leading player’s various strategies to sustain in the global market. Apart from this, the Black Pellets report also covers detail information about various clients which is the most significant element for the manufacturers.

Call for Applications: Startup World Cup 2019

Startup World Cup ("SWC") offers innovation and entrepreneurship opportunities for startup ecosystems around the world. This platform consists of a global series of startup conferences and competitions that bring together phenomenal startups, VCs, and world-class tech CEOs.
Application Deadline in 2 months

EU Call for Proposals: Information and promotion about the sustainable aspect of rice production

The objective is to highlight the sustainable aspect of rice sector. Rice production in Europe has a particular environmental dimension, being at the heart of the preservation of certain wetlands. Rice cultivation is a sensitive and specific practice at European level, since it is produced in areas where there are few crop alternatives. Its preservation and improvement contribute to the sustainability of rice producing regions, by playing an active role in maintaining rural areas, protecting nature and preserving biodiversity. Actions shall highlight the environmental sustainability of the production, stressing its beneficial role for climate action and the environment.
Application Deadline in 23 days

A low-cost and open-source platform for automated imaging

Remote monitoring of plants using hyperspectral imaging has become an important tool for the study of plant growth, development, and physiology. Many applications are oriented towards use in field environments to enable non-destructive analysis of crop responses due to factors such as drought, nutrient deficiency, and disease, e.g., using tram, drone, or airplane mounted instruments.

Can developing nations compete in a digital world?

People want in on e-commerce for simple reasons - choice, ease, speed, cost, convenience. Yet not everyone benefits equally, especially in least developed countries.