Pesticide Inert Ingredients Market - By Type (Emulsifiers, Solvents, Carriers), By Source (Synthetic, Bio-based), By Pesticides Type (Herbicides, Insecticides, Fungicides, Rodenticides) & Forecast, 2024- 2032

List of Tables

Pesticide Inert Ingredients Market size is set to expand at 3.9% CAGR from 2024 to 2032 driven by the increasing agriculture and food production demands.

The rapid expansion of the global population is surging the need for efficient pest control solutions to safeguard crop yields. Inert ingredients have become essential for enhancing the efficacy and stability of pesticide formulations as they ensure effective pest management while minimizing the environmental impacts. According to the World Trade Organization's most recent figures, India's agrochemical exports for fiscal year 2022-23 were $5.5 billion, overtaking the U.S. ($5.4 billion) to become the world's second-largest agrochemical exporter. The booming food production in tandem with the rising agricultural activities will add to the product uptake.

Furthermore, the rise in government endorsements, based on safety evaluations and efficacy assessments will bolster market confidence and foster innovations. For instance, in September 2023, the Ministry of Agriculture and Rural Affairs in China announced plans to approve 12 new pesticides, including Cyclobutrifluram and Flusulfinam. Such support is facilitating the introduction of novel formulations with enhanced performance for addressing the evolving pest management challenges, stimulating the market expansion.

The overall industry is segmented into type, pesticides type, source, and region.

Based on type, the bio-based pesticide inert ingredients market is set to attain 4.1% CAGR between 2024 and 2032 attributed to the ongoing shift towards eco-friendly pesticide formulations amid escalating environmental concerns. Bio-based inert ingredients, derived from renewable sources like plant extracts and microbial metabolites, offer effective alternatives with reduced environmental impact.

Regulatory support for sustainable agriculture and consumer demand for greener products will further drive the adoption of bio-based inert ingredients, further providing potential growth opportunities to the industry participants. For instance, in November 2023, FMC introduced a new insecticide/bio fungicide premix crop protection product, Ethos Elite LFR, for providing a broad range of control against early-season illnesses and soilborne pests in the U.S. market.

By pesticides type, the pesticide inert ingredients market from the insecticides segment is anticipated to record 4.1% CAGR from 2024-2032. Inert ingredients enhance the efficacy and stability of insecticide formulations for aiding in dispersing active ingredients, improving adhesion, and increasing insecticidal activity. With the escalating demand for pest control solutions to safeguard agricultural productivity and public health, the need for innovative inert ingredients in insecticides is rising. Moreover, rapid advancements in formulation technologies and regulatory requirements will contribute to the segment growth.

Regionally, the Europe pesticide inert ingredients industry is poised to expand at 4.2% growth rate during 2024-2032. The implementation of stringent regulations emphasizing environmental and human health safety is fueling the demand for inert ingredients to meet the regulatory standards in the region. The increasing focus on sustainable agriculture and integrated pest management in Europe is driving the product appeal. Additionally, the increasing consumer preference for eco-friendly products and organic farming practices will also propel the adoption of inert ingredients derived from natural sources, adding to the regional market expansion.

Product Code: 7858

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Pesticide inert ingredients industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Source trends
2.5 Pesticides type trends
2.6 Regional trends

Chapter 3 Pesticide Inert Ingredients Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.4 Regulatory landscape
- 3.4.1 U.S.
- 3.4.2 Europe
3.5 Pricing analysis, 2022
3.6 Technology landscape
- 3.6.1 Future market trends
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Global company market share analysis, 2022
- 4.2.1 Regional company market share analysis 2022
4.3 Competitive analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Pesticide Inert Ingredients Market Size and Forecast, By Type 2018 - 2032

5.1 Pesticide inert ingredients market trends, by type
5.2 Emulsifiers
5.3 Solvents
5.4 Carriers
5.5 Others

Chapter 6 Pesticide Inert Ingredients Market Size and Forecast, By Source 2018 - 2032

6.1 Pesticide inert ingredients market trends, by source
6.2 Synthetic
6.3 Bio-based

Chapter 7 Pesticide Inert Ingredients Market Size and Forecast, By Pesticides Type 2018 - 2032

7.1 Pesticide inert ingredients market trends, by pesticides type
7.2 Herbicides
7.3 Insecticides
7.4 Fungicides
7.5 Rodenticides
7.6 Others

Chapter 8 Pesticide Inert Ingredients Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 BASF SE
9.2 DowDuPont
9.3 Clariant AG
9.4 Croda International Plc
9.5 Solvay SA
9.6 Stepan Company
9.7 Evonik Industries AG
9.8 Royal Dutch Shell plc
9.9 LyondellBasell Industries N.V.
9.10 Huntsman Corporation
9.11 Eastman Chemical Company
9.12 AkzoNobel
9.13 Lonza Group Ltd.
9.14 Wacker Chemie AG
9.15 Albemarle Corporation