{"product_id":"global-pesticide-inert-ingredients-market-2023-2030","title":"Global Pesticide Inert Ingredients Market - 2023-2030","description":"\u003cp\u003eGlobal Pesticide Inert Ingredients Market - 2023-2030\u003cbr\u003e\nGlobal Pesticide Inert Ingredients Market reached US$ 4.4 billion in 2022 and is expected to reach US$ 8.0 billion by 2030, growing with a CAGR of 7.9% during the forecast period 2023-2030.\u003c\/p\u003e\n\n\u003cp\u003eThere is a growing need for increasing food production due to the rapidly growing population worldwide. According to FAO, world food production needs to increase by 70% to feed the world population in 2050. Farmers and growers are looking for advanced pesticide formulations for achieving high-quality crop yields. Inert ingredients can help optimize the delivery of active ingredients to the intended targets, such as pests or diseases. When pesticides are applied efficiently and effectively, the risk of crop damage is minimized and the potential for higher yields is increased.\u003c\/p\u003e\n\n\u003cp\u003ePesticide-inert ingredients play a crucial role in enhancing the efficacy and performance of active pesticide ingredients. By using advanced inert ingredients, pesticide formulations can achieve better coverage, adhesion and penetration on the target surfaces, leading to improved crop protection and higher crop yields.\u003c\/p\u003e\n\n\u003cp\u003eDynamics\u003c\/p\u003e\n\n\u003cp\u003eIncreasing Demand for Pesticides\u003c\/p\u003e\n\n\u003cp\u003eThe increasing demand for pesticides directly influences the growth of the Pesticide Inert Ingredients market. The need to reduce or kill pests in agricultural fields is boosting the pesticide demand globally. According to USDA, annually over 1 billion pounds of pesticides are used in the United States with about 5.6 billion pounds being used globally. Pesticide-inert ingredients have an important role in the formulation of pesticide products.\u003c\/p\u003e\n\n\u003cp\u003eThe inert ingredients help stabilize the active ingredients, improve their efficacy and make higher adhesion to plant surfaces. To meet the increasing demand for crop protection, pesticide manufacturers need a reliable supply of inert ingredients to produce more pesticide formulations which drive its market growth.\u003c\/p\u003e\n\n\u003cp\u003eRising Crop Loss due to Pest\u003c\/p\u003e\n\n\u003cp\u003eRising crop loss due to pests is a crucial factor driving the growth of the Pesticide Inert Ingredients market. According to the Food and Agriculture Organization of the United Nations, pests cause 20-40% of the world’s crop loss. Annually, plant diseases and invasive insects cost the world economy around $220 billion and $70 billion respectively.\u003c\/p\u003e\n\n \u003cp\u003eAs crop losses escalate due to pest infestations, farmers and agricultural professionals seek more effective and reliable solutions to protect their crops. This leads to higher adoption of pesticides as a primary means of pest control. Pesticide-inert ingredients play a vital role in enhancing the performance and efficacy of these pesticide formulations, making them more attractive to farmers facing crop loss challenges.\u003c\/p\u003e\n\n\u003cp\u003eIncreasing Preference for Organic and Natural Alternatives\u003c\/p\u003e\n\n\u003cp\u003eWorldwide there is a growing demand for organic farming due to the rising concerns over the use of chemicals in agricultural land. According to FAO, Organic agriculture is practiced in 187 countries and 72.3 million hectares of agricultural land were managed organically by at least 3.1 million farmers. Organic and natural alternatives focus on reducing the use of synthetic chemical pesticides. As more farmers and consumers choose organic farming, there is a decreased need for conventional chemical pesticides and, further, their inert ingredients.\u003c\/p\u003e\n\n\u003cp\u003eGrowing consumer awareness about the negative effects on health and the environment of using synthetic pesticides has resulted in to rise in demand for pesticide-free or residue-free farming methods. This consumer preference for organic farming reduces the demand for conventional pesticides and their inert ingredients. This reduced demand hinders the market growth of pesticide-inert ingredients.\u003c\/p\u003e\n\n\u003cp\u003eSegment Analysis\u003c\/p\u003e\n\n\u003cp\u003eThe global pesticide inert ingredients market is segmented based on type, nature, form, pesticide, distribution channel and region.\u003c\/p\u003e\n\n\u003cp\u003eRising Demand for Bio-based Products in Agriculture Industry\u003c\/p\u003e\n\n \u003cp\u003eWith growing environmental concerns and a rising emphasis on sustainable agriculture, the demand for bio-based and eco-friendly solutions is also increasing. According to MDPI (Multidisciplinary Digital Publishing Institute), in India, the consumption of biopesticides currently accounts for approximately 9% of the total pesticide consumption. It is projected that by 2050, biopesticides will make up 50% of the entire pesticide market. Bio-based inert substances are derived from renewable sources, making them a good option for farmers in comparison to synthetic ones due to their environmentally friendly nature.\u003c\/p\u003e\n\n\u003cp\u003eWorldwide, governments have been implementing strict rules on pesticide formulations, focusing on reducing the impact of agrochemicals on the environment. Bio-based inert ingredients have decreased toxicity levels and are biodegradable, which makes them more compliant with these regulations. As a result, farmers and pesticide producers have been moving towards bio-based inert ingredients that are permitted for use in organic farming. This has resulted in an increased market share for such ingredients.\u003c\/p\u003e\n\n\u003cp\u003eGeographical Penetration\u003c\/p\u003e\n\n\u003cp\u003eAsia-Pacific’s Growing Agrochemical Industry\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific is home to countries like China and India, where agriculture plays a crucial role in the economy. The large agricultural sector in these countries drives significant demand for pesticides and, consequently, pesticide-inert ingredients. For instance, China produces 90% of the world's agrochemical raw materials.\u003c\/p\u003e\n\n\u003cp\u003eAs economies in the region grow, there is a corresponding shift towards modern and intensive farming practices. This transition leads to increased adoption of agrochemicals, including pesticides and their inert ingredients. In August 2022, BASF SE inaugurated a new regional production site for its Agricultural Solutions business. The multipurpose facility worth US$39.9mn has been designed to initially handle six different formulation technologies and will enable the supply of crop protection products to farmers across the Asia Pacific from a strategic location in the region.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape\u003c\/p\u003e\n\n\u003cp\u003eThe major global players include Clariant, BASF SE, SOLVAY, Eastman Chemical Company, Dow, CRODA, Oleon NV, Huntsman International LLC., LyondellBasell Industries Holdings B.V. and Royal Dutch Shell.\u003c\/p\u003e\n\n\u003cp\u003eCOVID-19 Impact Analysis\u003c\/p\u003e\n\n\u003cp\u003eCOVID Impact\u003c\/p\u003e\n\n\u003cp\u003eDuring the early stages of the pandemic, restrictions on movement and transportation disruptions affected the supply chain for pesticide-inert ingredients. This led to delays in raw material shipments and production, impacting the availability of these ingredients for pesticide manufacturers. Lockdowns and social distancing measures in many countries temporarily slowed down agricultural activities. This decline in agricultural operations resulted in a decrease in the demand for pesticides and, consequently, pesticide-inert ingredients.\u003c\/p\u003e\n\n\u003cp\u003eBy Type\u003cbr\u003e\n• Solvents\u003cbr\u003e\n• Emulsifiers\u003cbr\u003e\n• Surfactants\u003cbr\u003e\n• Propellants\u003cbr\u003e\n• Others\u003c\/p\u003e\n\n\u003cp\u003eBy Nature\u003cbr\u003e\n• Bio-based\u003cbr\u003e\n• Synthetic\u003c\/p\u003e\n\n\u003cp\u003eBy Form\u003cbr\u003e\n• Liquid\u003cbr\u003e\n• Solid\u003cbr\u003e\n• Others\u003c\/p\u003e\n\n\u003cp\u003eBy Pesticide\u003cbr\u003e\n• Herbicides\u003cbr\u003e\n• Insecticides\u003cbr\u003e\n• Fungicides\u003cbr\u003e\n• Others\u003c\/p\u003e\n\n\u003cp\u003eBy Distribution Channel\u003cbr\u003e\n• E-Commerce\u003cbr\u003e\n• Supermarket\/Hypermarket\u003cbr\u003e\n• Specialty Stores\u003cbr\u003e\n• Others\u003c\/p\u003e\n\n\u003cp\u003eBy Region\u003cbr\u003e\n• North America\u003c\/p\u003e\n\n\u003cp\u003eU.S.\u003c\/p\u003e\n\n\u003cp\u003eCanada\u003c\/p\u003e\n\n\u003cp\u003eMexico\u003cbr\u003e\n• Europe\u003c\/p\u003e\n\n\u003cp\u003eGermany\u003c\/p\u003e\n\n\u003cp\u003eUK\u003c\/p\u003e\n\n\u003cp\u003eFrance\u003c\/p\u003e\n\n\u003cp\u003eItaly\u003c\/p\u003e\n\n\u003cp\u003eRussia\u003c\/p\u003e\n\n\u003cp\u003eRest of Europe\u003cbr\u003e\n• South America\u003c\/p\u003e\n\n\u003cp\u003eBrazil\u003c\/p\u003e\n\n\u003cp\u003eArgentina\u003c\/p\u003e\n\n\u003cp\u003eRest of South America\u003cbr\u003e\n• Asia-Pacific\u003c\/p\u003e\n\n\u003cp\u003eChina\u003c\/p\u003e\n\n\u003cp\u003eIndia\u003c\/p\u003e\n\n\u003cp\u003eJapan\u003c\/p\u003e\n\n\u003cp\u003eAustralia\u003c\/p\u003e\n\n\u003cp\u003eRest of Asia-Pacific\u003cbr\u003e\n• Middle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eKey Developments\u003cbr\u003e\n• In February 2023, 6 Pangae Biosciences Ltd. launched new plant-based surfactant formulation technology to preserve soil health and biodiversity. When sprayed on crops, these surfactants kill the bacteria and fungi in the soil, thereby reducing soil fertility and health.\u003cbr\u003e\n• In July, Precision Laboratories launches Cascade Tre soil surfactant in the golf course and sports turf industries. It is designed to o improve the uniformity of water infiltration and hydration of the soil matrix.\u003cbr\u003e\n• In May 2023, Dow launched an online tool, DOW Crop Solver, to accelerate agricultural formulation development.\u003c\/p\u003e\n\n\u003cp\u003eWhy Purchase the Report?\u003cbr\u003e\n• To visualize the global pesticide inert ingredients market segmentation on type, nature, form, pesticide, distribution channel and region, as well as understand key commercial assets and players.\u003cbr\u003e\n• Identify commercial opportunities by analyzing trends and co-development.\u003cbr\u003e\n• Excel data sheet with numerous data points of pesticide inert ingredients market-level with all segments.\u003cbr\u003e\n• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.\u003cbr\u003e\n• Product mapping available as Excel consisting of key products of all the major players.\u003c\/p\u003e\n\n\u003cp\u003eThe global pesticide inert ingredients market report would provide approximately 77 tables, 80 figures and 238 Pages.\u003c\/p\u003e\n\n\u003cp\u003eTarget Audience 2023\u003cbr\u003e\n• Manufacturers\/ Buyers\u003cbr\u003e\n• Industry Investors\/Investment Bankers\u003cbr\u003e\n• Research Professionals\u003cbr\u003e\n• Emerging Companies\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"October, 2023 \/ 238 Pages \/ MCW16219473","offer_id":47627203739954,"sku":null,"price":5220.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-pesticide-inert-ingredients-market-2023-2030","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}