Pesticide Inert Ingredients Market Insights by Size, Share, Demand, Insights, Opportunities, Growth Rate, CAGR Status, Market Players Assessment Till 2023


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Jun 03, 2021, 13:33 EST


Shibuya-ku, Tokyo, Japan, Japan, Jun 03, 2021, 13:33 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

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.

Note: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million ≤ Revenue ≤ USD 1 billion; Tier 3: Revenue < USD 100 million

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.

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“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.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the pesticide inert ingredients marketplace.

The breakdown of the primaries on the basis of company type, designation, and region conducted during the research study is as follows:

  • By Company type: Tier 1 – 20%, Tier 2 –45%, and Tier 3 – 35%,
  • By Designation: C-level – 20%, D-level – 30%, and Others* – 50%
  • By Region: North America – 30%, Europe –50%, Asia Pacific –10%, and RoW -10%

*Others include sales managers, marketing managers, and product managers.

Research Coverage
The report analyzes the pesticide inert ingredients market across different types and regions. It aims at estimating the market size and growth potential of this market across different segments, such as type, form, source, pesticide type, and region. Furthermore, the report includes an in-depth competitive analysis of key players in the market, along with their company profiles, recent developments, and key market strategies.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of revenue numbers for the overall pesticide inert ingredients market and its subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to position their businesses better and devise suitable go-to-market strategies. The report will also help stakeholders to understand the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.4 REGIONAL SEGMENTATION 18
1.5 PERIODIZATION CONSIDERED 18
1.6 CURRENCY CONSIDERED 19
1.7 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Key industry insights 21
2.1.2.2 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 22
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
2.5 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 OPPORTUNITIES IN THE PESTICIDE INERT INGREDIENTS MARKET 32
4.2 PESTICIDE INERT INGREDIENTS MARKET, BY TYPE, 2017 33
4.3 PESTICIDE INERT INGREDIENTS MARKET, BY SOURCE 33
4.4 PESTICIDE INERT INGREDIENTS MARKET, BY PESTICIDE TYPE AND REGION, 2017 34
4.5 PESTICIDE INERT INGREDIENTS MARKET, BY FORM, 2017 34
4.6 PESTICIDE INERT INGREDIENTS MARKET, BY KEY COUNTRY 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MACROECONOMIC INDICATORS 36
5.2.1 CROP LOSS DUE TO PEST ATTACKS 36
5.2.2 INCREASE IN USE OF CROP PROTECTION PRODUCTS IN DEVELOPING COUNTRIES 37
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 39
5.3.1.1 Increase in demand for specific inert ingredients in different pesticide formulations 39
5.3.1.2 Supports the distributional coverage of pesticide application 40
5.3.2 RESTRAINTS 40
5.3.2.1 Emergence of organic farming initiatives as an alternative to high pesticide usage 40
5.3.2.1.1 Regulatory bans of inert ingredients for high toxicity 41
5.3.3 OPPORTUNITIES 41
5.3.3.1 Sustainable and bio-based inert ingredients 41
5.3.3.2 Use of inert ingredients for biological formulations 42
5.3.4 CHALLENGES 42

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