Market Overview

Global Pesticide Inert Ingredients Market 2018-2023 - Increase in Demand for Specific Inert Ingredients in Different Pesticide Formulations


DUBLIN, Jan. 11, 2019 /PRNewswire/ --

The "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" report has been added to's offering.

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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%.

The pesticide inert ingredients market is driven by various factors such as the increasing demand for specific inert ingredients for the formulation of pesticide products and the capability of inert ingredients to increase the efficacy of pesticide application on crops and leaves. However, the regulatory implications by EPA and other respective authorities may restrict the growth of the pesticide inert ingredients market.

In terms of type, the carriers segment is projected to witness the fastest growth from 2018 to 2023.

In modern crop protection, it is highly important to use chemicals such as pesticide products to protect the crops. Moreover, it is also necessary to reach the desired effect with the least environmental loads. The use of pesticides may kill non-target pests due to the inefficacy of pesticide application; this can be overcome through the use of carrier inert ingredients as carriers, which are adherence enhancers and also aid the application of pesticides on the target plants and crops. Due to these factors, carrier inert ingredients have recorded the highest CAGR.

In terms of source, the synthetic segment is estimated to have the largest market share during the forecast period.

Synthetic inert ingredients are chemically manufactured substances, which are added to the pesticide for enhancing the overall application and performance of the pesticide product. Chemically sourced inert ingredients are produced with petroleum products. Most of the key players in the industry such as BASF (Germany), DowDuPont (US), and Stepan Company (US) are serving the market with synthetic-based inert ingredients. Although the synthetic ingredients have a toxic effect, the market for the same is larger as compared to bio-based inert ingredients, due to the ease of availability of synthetic products.

North America is estimated to dominate the pesticide inert ingredients market in 2018.

North America is one of the key exporters of pesticides, with the US standing at the third position in the global export market for pesticides. The increasing cultivation of industrial crops such as corn and soybean in North American countries result in the adoption of agrochemicals and crop protection inputs for obtaining higher yield, due to which the demand for inert ingredients for the formulation of pesticides remains high; hence, North America dominated the market for pesticide inert ingredients in 2018.

The global market for pesticide inert ingredients is dominated by companies such as BASF (Germany), Clariant (Switzerland), and Stepan Company (US). Whereas companies such as DowDuPont (US) and Croda International (UK) also contributed a major share by serving the market with inert ingredients products.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Regional Segmentation
1.5 Periodization Considered
1.6 Currency Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Pesticide Inert Ingredients Market
4.2 Pesticide Inert Ingredients Market, By Type, 2017
4.3 Pesticide Inert Ingredients Market, By Source
4.4 Pesticide Inert Ingredients Market, By Pesticide Type and Region, 2017
4.5 Pesticide Inert Ingredients Market, By Form, 2017
4.6 Pesticide Inert Ingredients Market, By Key Country

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Crop Loss Due to Pest Attacks
5.2.2 Increase in Use of Crop Protection Products in Developing Countries
5.3 Market Dynamics
5.3.1 Drivers Increase in Demand for Specific Inert Ingredients in Different Pesticide Formulations Supports the Distributional Coverage of Pesticide Application
5.3.2 Restraints Emergence of Organic Farming Initiatives as an Alternative to High Pesticide Usage Regulatory Bans of Inert Ingredients for High Toxicity
5.3.3 Opportunities Sustainable and Bio-Based Inert Ingredients Use of Inert Ingredients for Biological Formulations
5.3.4 Challenges Limited Awareness Among Farmers Due to Confidentiality of Inert Ingredient Composition
5.4 Regulatory Framework
5.4.1 North America Us Canada
5.4.2 South America Brazil Europe
5.4.3 Asia Pacific Australia

6 Pesticide Inert Ingredients Market, By Type
6.1 Introduction
6.2 Emulsifiers
6.2.1 Stabilization of Pesticide Formulation are the Major Functions Responsible for High Demand of Emulsifiers
6.3 Solvents
6.3.1 Petrochemical-Based Solvents Have Been Increasingly Consumed By Pesticide Manufacturers in Recent Years
6.4 Carriers
6.4.1 Increasing Demand for Controlled-Release Pesticides Drives the Carrier Inert Ingredients Market
6.5 Others

7 Pesticide Inert Ingredients Market, By Source
7.1 Introduction
7.2 Synthetic
7.2.1 Increasing Regulations on Toxic Levels of Inert Ingredient Composition has Been Restraining the Growth of This Segment
7.3 Bio-Based
7.3.1 Bio-Based Inert Ingredients Have Been Increasingly Preferred Owing to Its Low Toxic Nature and Easy Availability

8 Pesticide Inert Ingredients Market, By Form
8.1 Introduction
8.2 Dry
8.2.1 Dry Inert Ingredients are Majorly Used in the Formulation of Rodenticides and Herbicides
8.3 Liquid
8.3.1 Emulsifiers and Solvents are the Majorly Used Inert Ingredients, Hence Liquid Form Occupies A Higher Share in the Market
8.4 Others

9 Pesticide Inert Ingredients Market, By Pesticide Type
9.1 Introduction
9.2 Herbicides
9.2.1 According to Fao, in 2016, Herbicides Were the Majorly Consumed Pesticide Across the World
9.3 Insecticides
9.3.1 Stringent Regulations in Europe Towards Multiple Insecticides has Slackened the Growth Potential for Inert Ingredients
9.4 Fungicides
9.4.1 Focus of Key Players on Expanding Fungicide Production Drives the Inert Ingredients Market in Asia Pacific
9.5 Rodenticides
9.5.1 Naturally Sourced Inert Ingredients for Rodenticides has Expanded the Growth Potential for Rodenticide Manufacturers
9.6 Others
9.6.1 Nematicides
9.6.2 Bactericides & Larvicides

10 Pesticide Inert Ingredients Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US US is One of the Major Producers of Pesticides, Especially Herbicides, Across the Globe
10.2.2 Canada High Pesticide Production and Exports From the Country Lead to High Demand for Pesticide Inert Ingredients
10.2.3 Mexico Increasing Application of Crop Protection Chemicals has Encouraged the Expansion of Manufacturing Plants By Key Players in Mexico
10.3 Europe
10.3.1 Spain High Fungicide Production in Spain Drives the Market for Pesticide Inert Ingredients in the Region
10.3.2 UK Fungicides has Been Gaining Increasing Importance Among Pesticide Manufacturers in the Country
10.3.3 Italy Pesticide Manufacturers Have Been Developing Bio-Based Products at A High Scale in the Country
10.3.4 France France is One of the Major Production Site for Pesticide in Europe, and Hence the Major Consumer of Inert Ingredients
10.3.5 Germany Introduction of Pesticide Use Reduction Program in Germany is Projected to Inhibit the Growth of Pesticide Inert Ingredients Market
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China According to Fao, China is the Leading Producer of Pesticides Across the Globe and Hence A Major Consumer of Inert Ingredients
10.4.2 Japan The Growing Demand for Pesticides and Favorable Government Regulations has Been Encouraging the Growth of Inert Ingredients
10.4.3 India Key Players Have Been Focusing on Expansion of Pesticide Production in India, Thereby Increasing the Growth Potential for Inert Ingredients
10.4.4 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 South America Key Pesticide Manufacturers Have Been Tapping Opportunities in the Brazil and Argentina Market
10.5.2 Africa Decreasing Arable Land in Egypt has Been Attracting Investment From Private and Public Organizations in the African Region
10.5.3 Middle East Resource Scarcity in the Region Leads to High Dependency on Import for Pesticides and Thereby A Sluggish Growth Opportunity for Inert Ingredients

11 Competitive Landscape
11.1 Overview
11.2 Company Rankings
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Expansions & Investments
11.3.3 Agreements, Partnerships, and Joint Ventures
11.3.4 New Product Launches

12 Company Profiles
12.1 BASF SE
12.2 Dowdupont
12.3 Clariant
12.4 Stepan
12.5 Royal Dutch Shell
12.6 Eastman Chemical Company
12.7 Croda International
12.8 Solvay S.A.
12.9 Evonik Industries
12.10 Huntsman Corporation
12.11 Lyondellbasell Industries Holdings B.V.
12.12 Akzonobel

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