Pesticide Inert Ingredients Market Analysis, Growth, Share, Trends, & Forecast to 2023

26/feb/2019 11:40:22 MarketsandMarkets Contatta l'autore

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The pesticide inert ingredients is estimated to account for USD 3.5 billion in 2018 and is projected to reach USD 4.7 billion by 2023, at a CAGR of 6.14% during the forecast period. The market for pesticides inert ingredients.


Report Objectives

  • Pesticide inert ingredients with respect to type, form, source, pesticide type, and region over a five-year period from 2018 to 2023
  • 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:
  • Impact of macro- and microeconomic factors on the market
  • Shifts in demand patterns across different subsegments and regions
  • Recognizing the key drivers and restraints impacting the global market
  • Prominent market players
  • Providing insights on key investments in technology innovations and technology
  • Profiling key players of the pesticide inert ingredients and comprehensively analyzing their market position and core competencies
  • Providing a comparative analysis of market leaders on the basis of the following:
  • Product offerings
  • Business strategies
  • Strengths, weaknesses, opportunities, and threats
  • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across key regions
  • Prominent market players Analyzing the regulatory frameworks
  • Providing insights on key investments in product innovations and technology development

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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 of land for agriculture, which in turn, creates demand for the use of pesticides for 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 to be used in pesticide formulation. Increasing health hazards associated with the use of synthetic ingredients in pesticides creates an opportunity for the market players to develop bio-based ingredients from sources such as microbes for the formulation of bio-based pesticides. Governmental bodies and regulatory authorities, which affects the growth of bio-based inert ingredients in the market.

In the basis of the period, the liquid segment is projected to account for higher shares in the pesticide inert ingredients market.

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 the local manufacturers in developing countries. The liquid segment is estimated to dominate the pesticide inert ingredients market. The most common form of liquidity is still available in liquid form and therefore the share for the liquid segment is projected to remain high.

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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 is mainly based on imports for pesticide supply. Inert ingredients are increasingly consumed by pesticide manufacturers at the 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 is well established in the Asian countries. Due to these factors, the use of inert ingredients along with the pesticide is projected to increase in the future.

Key Market Players:

Main 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, different customer bases, and operations in more than 80 countries through its joint ventures and subsidiaries, the company has marked its presence on the growth trajectory. Dow Crop Defense focuses on providing inert and additive ingredients, which enhances the efficacy of pesticides and adjuvant formulations. This, in turn, helps farmers produce and offer healthier crops. There are some other players in the industry,

Recent developments:

  • In November 2018, Clariant expanded the production capacity of its ethylene oxide (EO) unit in Gendorf, Germany. The expansion resulted in serving customers of various industries such as personal and home care, crop solutions, and industrial applications, with EO-based products.
  • In May 2018, Solvay signed a three-year contract with Beifeng Hengtai Agricultural Development Co., Ltd. to launch a product called Agrho NH4 Protect. It is an eco-friendly liquid surfactant, which can be applied to NPK compound which is the most popular fertilizer in China. 
  • In June 2017, Stepan, through its subsidiary in Mexico, entered into an agreement with BASF Mexicana. This agreement was focused on the acquisition of BASF Mexicana's surfactant production facility in the Ecatepec and a portion of its associated surfactants business.

Key questions addressed by the report:

  • Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
  • Which region will the highest share in the pesticide inert ingredients market?
  • Which type of pesticide inert ingredients high demand witnesses in each key country market?
  • What are the trends and factors responsible for influencing the adoption rate of bio-based ingredients in key emerging countries?
  • What are the key players in the market and how intense is the competition?
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