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Pesticide Inert Ingredients Market Size, Share, Trends and Growth Analysis Report – Segmented By Type (Emulsifiers, Solvents and Carriers), By Source (Synthetic and Bio-Based), By Form (Dry and Liquid), By Pesticide Type (Herbicides, Insecticides, Fungicides and Rodenticides) and Region - Industry Forecast of 2022 to 2027.

Published: March, 2023
ID: 11012
Pages: 175
Formats: report pdf report excel report power bi report ppt

Pesticide Inert Ingredients Market Size & Growth (2022 - 2027):

The pesticide inert ingredients market is predicted to be worth $ 3.2 billion in 2021 and reach $ 4.4 billion in 2026, with a CAGR of 6.59% over the forecast period. Escalating industrialization has reduced the availability of land for agriculture. This, in turn, created a call for pesticides to support food production. Emulsifying products improve the application and overall performance of the pesticide product. The use of inert ingredients with the application of pesticides is predicted to increase agricultural yield and ensure food safety. Among all types of pesticide inert ingredients, liquid inert ingredients are believed to dominate the worldwide market for pesticide inert ingredients.

Pesticide-inert ingredients are the non-active ingredients included in the pesticide that play a beneficial role in controlling the pest. Although the ingredients are called inert, they can be toxic in nature. Inert ingredients are employed in pesticides to stabilize the product, spread and adhere to surfaces such as leaves and soil, dissolve in water, and extend shelf life.              

Impact of COVID-19 on Pesticide Inert Ingredients Market:

There is no doubt that, in addition to its impact on public health, Coronavirus had a significant economic impact that affected all sectors of the economy. The agricultural markets are not an exclusion. Despite the fact that food is a commodity that, in principle, is not subject to movement restrictions, global food markets have been significantly affected by the spread of the new COVID-19 disease. The impact was manifested in the form of supply and call shocks. The employment and income shocks that led to a general compression of call were exacerbated by the closure of hotels, restaurants and establishments. Additionally, consumer buying behavior has changed, with the rise of online transactions and home delivery services replacing in-person shopping and dining out. Producers and distributors are forced to move their supplies from restaurants to retail channels. On the supply side, along the value chain, there are labor and logistical limitations.

Recent Developments in the Pesticide Inert Ingredients Market:

Syngenta Crop Protection has introduced the latest insecticidal active ingredient that will assist farmers to protect their crops against sucking pests in an efficient and environmentally sustainable manner.

Pesticide Inert Ingredients Market Trends:

The growing need to guarantee food quality in the agricultural industry is the key driver of the worldwide market for pesticide inert ingredients. Inert or emulsifying ingredients are chemical that helps stabilize harmful chemicals found in pesticides. Some of the main emulsifiers employed in the market are alcohol alkoxylates, alcohol ethoxylates, nonylphenol, and alcohol alkoxylates. The use of pesticides in modern crop protection techniques has driven the worldwide pesticide inert ingredients market around the world.

Pesticide Inert Ingredients Market Drivers:

The growing call for specific inert ingredients for the formulation of various pesticides in order to prevent pest attacks on crops is an important factor that is predicted to drive the expansion of the global pesticide inert ingredients market during the conjecture period. Also, rapid urbanization coupled with a growing call for food worldwide, which in turn increases the call for pesticides and pesticide inert ingredients, thereafter, is also supposed to drive the expansion of the target market in the coming years. Besides, the escalating adoption of plant protection products in developing countries to increase crop yields is one of the factors likely to drive potential market expansion during the envisioned period. The escalating use of pesticides in modern crop protection techniques is primarily driving market expansion. The use of inert ingredients in pesticides increases agricultural performance and also ensures food safety, again driving market expansion. Furthermore, the growing call for high-quality yields due to the lack of arable land further stimulates the call for products.

Pesticide Inert Ingredients Market Restraints:

Organic farming initiatives as an alternative to high pesticide use are among the factors that can hamper calls for pesticide inert ingredients and slow target market expansion during the foreseen period.

Opportunities in the Pesticide Inert Ingredients Market:

Factors likely to create a lucrative target market expansion opportunity during the foreseen period include escalated research into inert and sustainable bio-based ingredients and the escalating use of products for organic formulations. The cumulative call for inert materials defined for the preparation of many pesticides to prevent pest attacks on crops is considered an important aspect that is predicted to drive the worldwide pesticide inert ingredients market for in the envisioned years. Furthermore, the rapid development associated with escalated calls for food due to the expansion of the world population is predicted to increase the call of the market for pesticide inert ingredients. Thus, these factors were evaluated to intensify market expansion during the anticipated period.

Challenges in the Pesticide Inert Ingredients Market:

A regulatory ban on the use of inert ingredients with higher toxicity is a challenge that could hamper calls for pesticide inert ingredients for years to come.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

6.59%

Segments Covered

By type, By source, By form, By pesticide type 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF SE, Clariant, Croda International Plc., DuPont., Eastman Chemical Company, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Solvay, Stepan Company, Evonik Industries, Akzo Nobel N.V., and Royal Dutch Shell among other domestic and global players.

Market Segmentation:

Pesticide Inert Ingredients Market By type:

  • Emulsifiers
  • Solvents
  • Carriers

Emulsifiers help stabilize the mixture of two liquids and prevent the formation of immiscible liquid phases.

Pesticide Inert Ingredients Market By source:

  • Synthetic
  • Bio-based

Pesticide Inert Ingredients Market By Form:

  • Dry
  • Liquid

Inert liquid ingredients reduce waste and have a larger target coverage area. Additionally, consistency and ease of mixing inert liquid ingredients in pesticide formulations are key factors driving call for these forms among local manufacturers in developing countries. Therefore, the liquid segment is considered to dominate the market for pesticide inert ingredients.

Pesticide Inert Ingredients Market By pesticide type:

  • Herbicides
  • Insecticides
  • Fungicides
  • Rodenticides

Pesticide Inert Ingredients Market Regional Analysis:

The Pesticide Inert Ingredients Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The Asia-Pacific region is one of the main consumers of pesticides in all regions, although the region depends mainly on imports for the supply of pesticides. Pesticide manufacturers highly consume inert ingredients in production facilities during the formulation phase, and countries such as India, Thailand, and Vietnam rely on imported pesticides. As a result, the market for pesticide-inert ingredients remains smaller than that of the Americas and Europe. However, the market for pesticide inert ingredients is well established in developed countries with the growing establishment of production plants in Asian countries. The North American Pesticide Inert Ingredients market has a significant revenue share in the target market and is likely to maintain its dominance over the forecast period. This dominance can be attributed to the presence of major manufacturers in the region, which in turn are supporting the revenue expansion of the North America Pesticide inert ingredients market during the foreseen period. Europe is estimated to record a significant revenue share in the target market during the projection period, due to favorable rules and regulations for various insecticides. The market in Asia-Pacific is supposed to grow at a faster rate in the coming years, due to the escalating consumption of pesticides in countries in the region such as China, India, Thailand, and Vietnam.

Pesticide Inert Ingredients Market Key Players:

The major players covered in the global pesticide inert ingredients market report are BASF SE, Clariant, Croda International Plc., DuPont., Eastman Chemical Company, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Solvay, Stepan Company, Evonik Industries, Akzo Nobel N.V., and Royal Dutch Shell among other domestic and global players.

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