Overview and Scope
Pesticide inert ingredients refer to ingredients and substances that are added along with active ingredients in a pesticide. It is used to help the active ingredient penetrate the surface of plants and extend the shelf life of pesticide products.
Sizing and Forecast
The pesticide inert ingredients market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased agricultural productivity demands, expansion of agrochemical industry, pesticide resistance management, regulatory compliance and safety standards, focus on environmental impact.
The pesticide inert ingredients market size is expected to see strong growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to emergence of precision agriculture, focus on biorational pesticides, demand for microbial pesticides, stricter environmental regulations, climate change adaptation strategies, consumer demand for organic products. Major trends in the forecast period include customization for precision agriculture, nanotechnology in formulations, inert ingredients with multiple functions, global collaboration for research and development, integration of biotechnology.
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Segmentation & Regional Insights
The pesticide inert ingredients market covered in this report is segmented –
1) By Type: Emulsifiers, Solvents, Carriers, Other Types
2) By Source: Synthetic, Bio-based
3) By Form: Dry, Liquid, Other Forms
4) By Pesticide Types: Insecticides, Herbicides, Fungicides, Rodenticides, Other Pesticide Types
North America was the largest region in the pesticide inert ingredients market in 2023. Asia-pacific is expected to be the fastest-growing region in the global pesticide inert ingredients market during the forecast period. The regions covered in the pesticide inert ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing adoption of pesticides is expected to propel the growth of the pesticide inert ingredients market going forward. Pesticides can be defined as a substance that is used for killing, preventing, reducing, or repelling various pests. Pesticide-inert ingredients are combined with various active ingredients to make pesticides which are used to extend the shelf life of pesticide products. For instance, in July 2022, according to a report published by the Food and Agriculture Organization, an Italy-Based organization of the United Nations, total pesticides used globally in 2021 were approximately 3.54 million metric tons, which is a 4% from 2.7 million metric tons in 2020. Therefore, the growing adoption of pesticides will drive the pesticide inert ingredients market.
Key Industry Players
Major companies operating in the pesticide inert ingredients market report are BASF SE, Clariant Specialty Chemicals, Croda International plc, DowDuPont Inc., Eastman Chemical Company, Huntsman International LLC, LyondellBasell Industries Holdings B.V., Solvay SA, Stepan Company, Evonik Industries AG, Akzo Nobel NV, Shell plc, Chromatech Inc., Parry America Inc., Royal Dutch Shell plc, Avril Group Scr, Kao Corporation, Lonza Group Ltd., Innospec Inc., Ashland Global Holdings Inc., Vertellus Holdings LLC, Pilot Chemical Corp., Innophos Holdings Inc., Fina Oleochemicals, 3M Company, Abbott Laboratories, Aceto Agricultural Chemicals Corporation, Bayer AG, ABC Compounding Co. Inc., Syngenta AG
The pesticide inert ingredients market report table of contents includes:
- Executive Summary
- Pesticide Inert Ingredients Market Characteristics
- Pesticide Inert Ingredients Market Trends And Strategies
- Pesticide Inert Ingredients Market – Macro Economic Scenario
- Global Pesticide Inert Ingredients Market Size and Growth
- Pesticide Inert Ingredients Market Segmentation
- Pesticide Inert Ingredients Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The Pesticide Inert Ingredients Market
- Pesticide Inert Ingredients Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Pesticide Inert Ingredients Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Pesticide Inert Ingredients Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Pesticide Inert Ingredients Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………….
Table 75: BASF SE Financial Performance
Table 76: Clariant Specialty Chemicals Financial Performance
Table 77: Croda International plc Financial Performance
Table 78: DowDuPont Inc. Financial Performance
Table 79: Eastman Chemical Company Financial Performance
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