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[ 英語タイトル ] Pesticide Inert Ingredients Market by Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023


Product Code : MNMAG00106323
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

“The pesticide inert ingredients market is projected to grow at a CAGR of 6.14% from 2018 to 2023.”
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.
“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.
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.
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.
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
5.3.4.1 Limited awareness among farmers due to confidentiality of inert ingredient composition 42
5.4 REGULATORY FRAMEWORK 42
5.4.1 NORTH AMERICA 42
5.4.1.1 US 42
5.4.1.2 Canada 43
5.4.2 SOUTH AMERICA 44
5.4.2.1 Brazil 44
5.4.2.2 Europe 46
5.4.3 ASIA PACIFIC 47
5.4.3.1 Australia 47
6 PESTICIDE INERT INGREDIENTS MARKET, BY TYPE 48
6.1 INTRODUCTION 49
6.2 EMULSIFIERS 50
6.2.1 STABILIZATION OF PESTICIDE FORMULATION ARE THE MAJOR FUNCTIONS RESPONSIBLE FOR HIGH DEMAND OF EMULSIFIERS 50
6.3 SOLVENTS 52
6.3.1 PETROCHEMICAL-BASED SOLVENTS HAVE BEEN INCREASINGLY CONSUMED BY PESTICIDE MANUFACTURERS IN RECENT YEARS 52
6.4 CARRIERS 53
6.4.1 INCREASING DEMAND FOR CONTROLLED-RELEASE PESTICIDES DRIVES THE CARRIER INERT INGREDIENTS MARKET 53
6.5 OTHERS 54
7 PESTICIDE INERT INGREDIENTS MARKET, BY SOURCE 55
7.1 INTRODUCTION 56
7.2 SYNTHETIC 57
7.2.1 INCREASING REGULATIONS ON TOXIC LEVELS OF INERT INGREDIENT COMPOSITION HAS BEEN RESTRAINING THE GROWTH OF THIS SEGMENT 57

7.3 BIO-BASED 58
7.3.1 BIO-BASED INERT INGREDIENTS HAVE BEEN INCREASINGLY PREFERRED OWING TO ITS LOW TOXIC NATURE AND EASY AVAILABILITY 58
8 PESTICIDE INERT INGREDIENTS MARKET, BY FORM 59
8.1 INTRODUCTION 60
8.2 DRY 61
8.2.1 DRY INERT INGREDIENTS ARE MAJORLY USED IN THE FORMULATION OF RODENTICIDES AND HERBICIDES 61
8.3 LIQUID 61
8.3.1 EMULSIFIERS AND SOLVENTS ARE THE MAJORLY USED INERT INGREDIENTS, HENCE LIQUID FORM OCCUPIES A HIGHER SHARE IN THE MARKET 61
8.4 OTHERS 62
9 PESTICIDE INERT INGREDIENTS MARKET, BY PESTICIDE TYPE 63
9.1 INTRODUCTION 64
9.2 HERBICIDES 66
9.2.1 ACCORDING TO FAO, IN 2016, HERBICIDES WERE THE MAJORLY CONSUMED PESTICIDE ACROSS THE WORLD 66
9.3 INSECTICIDES 68
9.3.1 STRINGENT REGULATIONS IN EUROPE TOWARDS MULTIPLE INSECTICIDES HAS SLACKENED THE GROWTH POTENTIAL FOR INERT INGREDIENTS 68
9.4 FUNGICIDES 69
9.4.1 FOCUS OF KEY PLAYERS ON EXPANDING FUNGICIDE PRODUCTION DRIVES THE INERT INGREDIENTS MARKET IN ASIA PACIFIC 69
9.5 RODENTICIDES 70
9.5.1 NATURALLY SOURCED INERT INGREDIENTS FOR RODENTICIDES HAS EXPANDED THE GROWTH POTENTIAL FOR RODENTICIDE MANUFACTURERS 70
9.6 OTHERS 72
9.6.1 NEMATICIDES 72
9.6.2 BACTERICIDES & LARVICIDES 72
10 PESTICIDE INERT INGREDIENTS MARKET, BY REGION 74
10.1 INTRODUCTION 75
10.2 NORTH AMERICA 77
10.2.1 US 81
10.2.1.1 US is one of the major producers of pesticides, especially herbicides, across the globe 81
10.2.2 CANADA 82
10.2.2.1 High pesticide production and exports from the country lead to high demand for pesticide inert ingredients 82
10.2.3 MEXICO 83
10.2.3.1 Increasing application of crop protection chemicals has encouraged the expansion of manufacturing plants by key players in Mexico 83

10.3 EUROPE 84
10.3.1 SPAIN 87
10.3.1.1 High fungicide production in Spain drives the market for pesticide inert ingredients in the region 87
10.3.2 UK 88
10.3.2.1 Fungicides has been gaining increasing importance among pesticide manufacturers in the country 88
10.3.3 ITALY 89
10.3.3.1 Pesticide manufacturers have been developing bio-based products at a high scale in the country 89
10.3.4 FRANCE 90
10.3.4.1 France is one of the major production site for pesticide in Europe, and hence the major consumer of inert ingredients 90
10.3.5 GERMANY 91
10.3.5.1 Introduction of Pesticide Use Reduction Program in Germany is projected to inhibit the growth of pesticide inert ingredients market 91
10.3.6 REST OF EUROPE 92
10.4 ASIA PACIFIC 93
10.4.1 CHINA 97
10.4.1.1 According to FAO, China is the leading producer of pesticides across the globe and hence a major consumer of inert ingredients 97
10.4.2 JAPAN 98
10.4.2.1 The growing demand for pesticides and favorable government regulations has been encouraging the growth of inert ingredients 98
10.4.3 INDIA 99
10.4.3.1 Key players have been focusing on expansion of pesticide production in India, thereby increasing the growth potential for inert ingredients 99
10.4.4 REST OF ASIA PACIFIC 100
10.5 REST OF THE WORLD (ROW) 101
10.5.1 SOUTH AMERICA 104
10.5.1.1 Key pesticide manufacturers have been tapping opportunities in the Brazil and Argentina market 104
10.5.2 AFRICA 105
10.5.2.1 Decreasing arable land in Egypt has been attracting investment from private and public organizations in the African region 105
10.5.3 MIDDLE EAST 106
10.5.3.1 Resource scarcity in the region leads to high dependency on import for pesticides and thereby a sluggish growth opportunity for inert ingredients 106

11 COMPETITIVE LANDSCAPE 108
11.1 OVERVIEW 108
11.2 COMPANY RANKINGS 110
11.3 COMPETITIVE SCENARIO 111
11.3.1 MERGERS & ACQUISITIONS 111
11.3.2 EXPANSIONS & INVESTMENTS 112
11.3.3 AGREEMENTS, PARTNERSHIPS, AND JOINT VENTURES 113
11.3.4 NEW PRODUCT LAUNCHES 113
12 COMPANY PROFILES 114
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 BASF SE 114
12.2 DOWDUPONT 118
12.3 CLARIANT 121
12.4 STEPAN 124
12.5 ROYAL DUTCH SHELL 127
12.6 EASTMAN CHEMICAL COMPANY 129
12.7 CRODA INTERNATIONAL 131
12.8 SOLVAY S.A. 134
12.9 EVONIK INDUSTRIES 137
12.10 HUNTSMAN CORPORATION 139
12.11 LYONDELLBASELL INDUSTRIES HOLDINGS B.V. 141
12.12 AKZONOBEL 143
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 146
13.1 DISCUSSION GUIDE 146
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 149
13.3 AVAILABLE CUSTOMIZATIONS 151
13.4 RELATED REPORTS 152
13.5 AUTHOR DETAILS 153

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