Pesticide Inert Ingredient Market
Pesticide Inert Ingredient Market Forecasts to 2030 - Global Analysis By Type (Surfactants, Propellants and Other Types), Source (Bio-based and Synthetic), Pesticide, Form, Distribution Channel and By Geography
According to Stratistics MRC, the Global Pesticide Inert Ingredient Market is accounted for $7.92 billion in 2024 and is expected to reach $12.02 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Pesticide inert ingredients are substances in pesticide products that are not intended to affect pests directly but aid in the product's formulation, application, or effectiveness. These ingredients can act as solvents, preservatives, spreaders, or surfactants, enhancing the product's performance. Despite being labeled ""inert,"" they are not necessarily non-toxic and can sometimes pose health or environmental risks. The U.S. Environmental Protection Agency (EPA) evaluates and regulates these inerts, requiring safety data to ensure they do not pose unreasonable risks to humans or the environment when used according to label directions.
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. 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.
Market Dynamics:
Driver:
Consumer preferences and awareness
Consumer preferences and awareness are pivotal in driving the pesticide inert ingredient market. Increasing health and environmental consciousness prompts demand for safer and more eco-friendly agricultural products. Consumers prefer food grown with fewer synthetic chemicals, leading to the adoption of bio-based and less harmful inert ingredients. Additionally, growing awareness about pesticide residues and their potential impacts on human health and biodiversity encourages stricter regulations and transparency in ingredient use. This shift influences manufacturers to innovate and invest in inert ingredients that align with sustainable practices, driving market growth towards more environmentally friendly solutions.
Restraint:
Environmental and health concerns
Environmental and health concerns are significant constraints on the pesticide inert ingredient market. Inert ingredients, though not active in pest control, can pose risks due to their potential toxicity and persistence in the environment. Regulatory bodies are increasingly imposing stricter regulations to mitigate risks associated with air and water contamination, soil degradation, and harm to non-target species, including humans. Public awareness and demand for safer, eco-friendly products further pressure manufacturers to develop and disclose safer alternatives.
Opportunity:
Sustainability trends
The sustainability trend in the pesticide inert ingredient market focuses on developing eco-friendly, biodegradable, and non-toxic alternatives. Regulatory pressures and consumer demand are driving innovations towards natural and renewable inert ingredients that minimize environmental impact. Companies are investing in research to replace harmful chemically inert ingredients with substances derived from plants or sustainable materials. This shift not only aims to reduce pollution and health risks but also aligns with global sustainability goals and enhances brand reputation by meeting evolving ecological standards.
Threat:
Regulatory and compliance challenges
The pesticide inert ingredient market faces significant regulatory and compliance challenges. Inert ingredients, while often non-toxic themselves, can enhance the toxicity or environmental impact of pesticides. Regulatory frameworks like those from the EPA (Environmental Protection Agency) require detailed disclosure and risk assessment of these ingredients. The evolving and varied regulations across regions create compliance hurdles, complicating the approval process and market entry.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the pesticide inert ingredient market by disrupting supply chains, leading to shortages and increased prices for raw materials. Lockdowns and restrictions affected manufacturing operations, causing delays in production and distribution. Agricultural demand fluctuated as the pandemic altered food supply dynamics and labour availability. Additionally, regulatory changes and shifts in consumer preferences towards more sustainable agricultural practices influenced market dynamics. Despite these challenges, the market has shown resilience, with an increased focus on bio-based and environmentally friendly inert ingredients to align with evolving industry standards and consumer expectations.
The propellants segment is expected to be the largest during the forecast period
The propellants segment in the pesticide inert ingredient market has experienced significant growth due to several factors. Propellants are crucial in pesticide formulations as they enable efficient spraying and dispersal of active ingredients. This segment's growth is driven by advancements in aerosol technology, which enhance the effectiveness and application convenience of pesticides. Additionally, increasing demand for eco-friendly and sustainable propellants has spurred innovation in this area, with a focus on reducing environmental impact.
The herbicides segment is expected to have the highest CAGR during the forecast period
The herbicides segment in the pesticide inert ingredient market has experienced notable growth, primarily due to increasing agricultural activities worldwide. Herbicides are crucial for controlling unwanted vegetation and improving crop yield by eliminating weeds efficiently. This segment's growth is further driven by advancements in herbicide formulations that enhance efficacy while reducing environmental impact. Regulatory approvals for new herbicide products and formulations also contribute to expanding market opportunities.
Region with largest share:
The North American region has experienced growth in the pesticide inert ingredient market primarily due to several factors. Stringent regulatory requirements have prompted the development and use of safer, more environmentally friendly inert ingredients. Additionally, advancements in agricultural practices and increasing demand for sustainable pest management solutions have driven market expansion. The presence of key market players investing in research and development has also contributed significantly. Moreover, heightened awareness among consumers and farmers about the impact of pesticides on human health and the environment has spurred the adoption of inert ingredients that are perceived as safer alternatives.
Region with highest CAGR:
The Asia-Pacific region has experienced significant growth in the pesticide inert ingredient market due to several key factors. Expanding agricultural activities and increasing food demand have driven up the use of pesticides, thereby boosting demand for inert ingredients used in pesticide formulations. Rapid urbanization and industrialization have led to greater awareness and adoption of modern agricultural practices, including the use of specialized pesticide formulations. Additionally, favourable regulatory policies and investments in research and development have encouraged innovation and product diversification in the region.
Key players in the market
Some of the key players in Pesticide Inert Ingredient market include AkzoNobel, Albemarle Corporation, BASF SE, Clariant AG, Croda International Plc, DowDuPont, Eastman Chemical Company, Evonik Industries AG, Huntsman Corporation, Lonza Group Ltd., LyondellBasell Industries N.V., Royal Dutch Shell plc, Solvay SA, Stepan Company and Wacker Chemie AG.
Key Developments:
In June 2024, Vattenfall and BASF have signed supply and service contracts with Vestas for 112 wind turbines of the type V236-15.0 MW. The state-of-the-art turbines will be used in the Nordlicht 1 and 2 offshore wind projects owned by Vattenfall and BASF in the German North Sea off the island of Borkum.
In March 2024, Eastman has achieved on-spec initial production and is generating revenue from its new molecular recycling facility in Kingsport, Tennessee. The company expects to ramp up production of the new facility over the coming months and enable growth across a wide range of markets.
Types Covered:
• Surfactants
• Propellants
• Solvents
• Carriers
• Emulsifiers
• Dyes
• Aerosol Propellants
• Other Types
Sources Covered:
• Bio-based
• Synthetic
Pesticides Covered:
• Insecticides
• Fungicides
• Rodenticides
• Herbicides
• Larvicides
• Nematicides
• Other Pesticides
Forms Covered:
• Solid
• Liquid
• Gels
• pellets
• Other Forms
Distribution Channels Covered:
• Supermarket/Hypermarket
• E-Commerce
• Specialty Stores
• Other Distribution Channels
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pesticide Inert Ingredient Market, By Type
5.1 Introduction
5.2 Surfactants
5.3 Propellants
5.4 Solvents
5.5 Carriers
5.6 Emulsifiers
5.7 Dyes
5.8 Aerosol Propellants
5.9 Other Types
6 Global Pesticide Inert Ingredient Market, By Source
6.1 Introduction
6.2 Bio-based
6.3 Synthetic
7 Global Pesticide Inert Ingredient Market, By Pesticide
7.1 Introduction
7.2 Insecticides
7.3 Fungicides
7.4 Rodenticides
7.5 Herbicides
7.6 Larvicides
7.7 Nematicides
7.8 Other Pesticides
8 Global Pesticide Inert Ingredient Market, By Form
8.1 Introduction
8.2 Solid
8.3 Liquid
8.4 Gels
8.5 pellets
8.6 Other Forms
9 Global Pesticide Inert Ingredient Market, By Distribution Channel
9.1 Introduction
9.2 Supermarket/Hypermarket
9.3 E-Commerce
9.4 Specialty Stores
9.5 Other Distribution Channels
10 Global Pesticide Inert Ingredient Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AkzoNobel
12.2 Albemarle Corporation
12.3 BASF SE
12.4 Clariant AG
12.5 Croda International Plc
12.6 DowDuPont
12.7 Eastman Chemical Company
12.8 Evonik Industries AG
12.9 Huntsman Corporation
12.10 Lonza Group Ltd.
12.11 LyondellBasell Industries N.V.
12.12 Royal Dutch Shell plc
12.13 Solvay SA
12.14 Stepan Company
12.15 Wacker Chemie AG
List of Tables
1 Global Pesticide Inert Ingredient Market Outlook, By Region (2022-2030) ($MN)
2 Global Pesticide Inert Ingredient Market Outlook, By Type (2022-2030) ($MN)
3 Global Pesticide Inert Ingredient Market Outlook, By Surfactants (2022-2030) ($MN)
4 Global Pesticide Inert Ingredient Market Outlook, By Propellants (2022-2030) ($MN)
5 Global Pesticide Inert Ingredient Market Outlook, By Solvents (2022-2030) ($MN)
6 Global Pesticide Inert Ingredient Market Outlook, By Carriers (2022-2030) ($MN)
7 Global Pesticide Inert Ingredient Market Outlook, By Emulsifiers (2022-2030) ($MN)
8 Global Pesticide Inert Ingredient Market Outlook, By Dyes (2022-2030) ($MN)
9 Global Pesticide Inert Ingredient Market Outlook, By Aerosol Propellants (2022-2030) ($MN)
10 Global Pesticide Inert Ingredient Market Outlook, By Other Types (2022-2030) ($MN)
11 Global Pesticide Inert Ingredient Market Outlook, By Source (2022-2030) ($MN)
12 Global Pesticide Inert Ingredient Market Outlook, By Bio-based (2022-2030) ($MN)
13 Global Pesticide Inert Ingredient Market Outlook, By Synthetic (2022-2030) ($MN)
14 Global Pesticide Inert Ingredient Market Outlook, By Pesticide (2022-2030) ($MN)
15 Global Pesticide Inert Ingredient Market Outlook, By Insecticides (2022-2030) ($MN)
16 Global Pesticide Inert Ingredient Market Outlook, By Fungicides (2022-2030) ($MN)
17 Global Pesticide Inert Ingredient Market Outlook, By Rodenticides (2022-2030) ($MN)
18 Global Pesticide Inert Ingredient Market Outlook, By Herbicides (2022-2030) ($MN)
19 Global Pesticide Inert Ingredient Market Outlook, By Larvicides (2022-2030) ($MN)
20 Global Pesticide Inert Ingredient Market Outlook, By Nematicides (2022-2030) ($MN)
21 Global Pesticide Inert Ingredient Market Outlook, By Other Pesticides (2022-2030) ($MN)
22 Global Pesticide Inert Ingredient Market Outlook, By Form (2022-2030) ($MN)
23 Global Pesticide Inert Ingredient Market Outlook, By Solid (2022-2030) ($MN)
24 Global Pesticide Inert Ingredient Market Outlook, By Liquid (2022-2030) ($MN)
25 Global Pesticide Inert Ingredient Market Outlook, By Gels (2022-2030) ($MN)
26 Global Pesticide Inert Ingredient Market Outlook, By pellets (2022-2030) ($MN)
27 Global Pesticide Inert Ingredient Market Outlook, By Other Forms (2022-2030) ($MN)
28 Global Pesticide Inert Ingredient Market Outlook, By Distribution Channel (2022-2030) ($MN)
29 Global Pesticide Inert Ingredient Market Outlook, By Supermarket/Hypermarket (2022-2030) ($MN)
30 Global Pesticide Inert Ingredient Market Outlook, By E-Commerce (2022-2030) ($MN)
31 Global Pesticide Inert Ingredient Market Outlook, By Specialty Stores (2022-2030) ($MN)
32 Global Pesticide Inert Ingredient Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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