Pesticide Inert Ingredients Market

Global Pesticide Inert Ingredients Market Size (2024 to 2032)

The global pesticide inert ingredients market was valued at USD 3.64 billion in 2023 and is anticipated to reach USD 3.88 billion in 2024 from USD 6.46 billion by 2032, growing at a CAGR of 6.59% from 2024 to 2032.

Escalating industrialization has reduced the availability of land for agriculture. This, in turn, created a call for pesticides to support food production. Emulsifying products improve the application and overall performance of the pesticide product. The use of inert ingredients with the application of pesticides is predicted to increase agricultural yield and ensure food safety. Among all types of pesticide-inert ingredients, liquid-inert ingredients are believed to dominate the worldwide market for pesticide-inert ingredients.

Pesticide-inert ingredients are the non-active ingredients included in the pesticide that play a beneficial role in controlling the pest. Although the ingredients are called inert, they can be toxic in nature. Inert ingredients are employed in pesticides to stabilize the product, spread and adhere to surfaces such as leaves and soil, dissolve in water, and extend shelf life.              

Market Trends

The growing need to guarantee food quality in the agricultural industry is the key driver of the worldwide market for pesticide-inert ingredients. Inert or emulsifying ingredients are chemical that helps stabilize harmful chemicals found in pesticides. Some of the main emulsifiers employed in the market are alcohol alkoxylates, alcohol ethoxylates, nonylphenol, and alcohol alkoxylates. The use of pesticides in modern crop protection techniques has driven the worldwide pesticide inert ingredients market around the world.

Market Drivers

The growing call for specific inert ingredients for the formulation of various pesticides in order to prevent pest attacks on crops is an important factor that is predicted to drive the expansion of the global pesticide inert ingredients market during the conjecture period. Also, rapid urbanization coupled with a growing call for food worldwide, which in turn increases the call for pesticides and pesticide-inert ingredients, is also supposed to drive the expansion of the target market in the coming years. Besides, the escalating adoption of plant protection products in developing countries to increase crop yields is one of the factors likely to drive potential market expansion during the envisioned period. The escalating use of pesticides in modern crop protection techniques is primarily driving market expansion. The use of inert ingredients in pesticides increases agricultural performance and also ensures food safety, again driving market expansion. Furthermore, the growing call for high-quality yields due to the lack of arable land further stimulates the call for products.

Market Restraints

Organic farming initiatives as an alternative to high pesticide use are among the factors that can hamper calls for pesticide-inert ingredients and slow target market expansion during the foreseen period.

Market Opportunities

Factors likely to create a lucrative target market expansion opportunity during the foreseen period include escalated research into inert and sustainable bio-based ingredients and the escalating use of products for organic formulations. The cumulative call for inert materials defined for the preparation of many pesticides to prevent pest attacks on crops is considered an important aspect that is predicted to drive the worldwide pesticide inert ingredients market in the envisioned years. Furthermore, the rapid development associated with escalated calls for food due to the expansion of the world population is predicted to increase the call of the market for pesticide-inert ingredients. Thus, these factors were evaluated to intensify market expansion during the anticipated period.

Market Challenges

A regulatory ban on the use of inert ingredients with higher toxicity is a challenge that could hamper calls for pesticide-inert ingredients for years to come.

Impact of COVID-19 on Pesticide Inert Ingredients Market

There is no doubt that, in addition to its impact on public health, Coronavirus had a significant economic impact that affected all sectors of the economy. The agricultural markets are not an exclusion. Despite the fact that food is a commodity that, in principle, is not subject to movement restrictions, global food markets have been significantly affected by the spread of the new COVID-19 disease. The impact was manifested in the form of supply and call shocks. The employment and income shocks that led to a general compression of calls were exacerbated by the closure of hotels, restaurants, and establishments. Additionally, consumer buying behavior has changed, with the rise of online transactions and home delivery services replacing in-person shopping and dining out. Producers and distributors are forced to move their supplies from restaurants to retail channels. On the supply side, along the value chain, there are labor and logistical limitations.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Pesticide Inert Ingredients Market by Type

Emulsifiers help stabilize the mixture of two liquids and prevent the formation of immiscible liquid phases.

Pesticide Inert Ingredients Market By Form

Inert liquid ingredients reduce waste and have a larger target coverage area. Additionally, consistency and ease of mixing inert liquid ingredients in pesticide formulations are key factors driving the call for these forms among local manufacturers in developing countries. Therefore, the liquid segment is considered to dominate the market for pesticide-inert ingredients.

REGIONAL ANALYSIS

The Asia-Pacific region is one of the main consumers of pesticides in all regions, although the region depends mainly on imports for the supply of pesticides. Pesticide manufacturers highly consume inert ingredients in production facilities during the formulation phase, and countries such as India, Thailand, and Vietnam rely on imported pesticides. As a result, the market for pesticide-inert ingredients remains smaller than that of the Americas and Europe. However, the market for pesticide inert ingredients is well established in developed countries with the growing establishment of production plants in Asian countries. The North American Pesticide Inert Ingredients market has a significant revenue share in the target market and is likely to maintain its dominance over the forecast period. This dominance can be attributed to the presence of major manufacturers in the region, which in turn are supporting the revenue expansion of the North American pesticide inert ingredients market during the foreseen period. Europe is estimated to record a significant revenue share in the target market during the projection period, due to favorable rules and regulations for various insecticides. The market in Asia-Pacific is supposed to grow at a faster rate in the coming years due to the escalating consumption of pesticides in countries in the region, such as China, India, Thailand, and Vietnam.

KEY MARKET PLAYERS

The major players covered in the global pesticide inert ingredients market report are BASF SE, Clariant, Croda International Plc., DuPont., Eastman Chemical Company, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Solvay, Stepan Company, Evonik Industries, Akzo Nobel N.V., and Royal Dutch Shell among other domestic and global players.

RECENT DEVELOPMENTS IN THE PESTICIDE-INERT INGREDIENTS MARKET

Syngenta Crop Protection has introduced the latest insecticidal active ingredient that will assist farmers to protect their crops against sucking pests in an efficient and environmentally sustainable manner.

DETAILED SEGMENTATION OF THE GLOBAL PESTICIDE-INERT INGREDIENTS MARKET INCLUDED IN THIS REPORT

This research report on the global pesticide ingredients market is segmented and sub-segmented into the following categories.

By Type

• Emulsifiers
• Solvents
• Carriers

By Source

• Synthetic
• Bio-based

By Form

• Dry
• Liquid

By pesticide type

• Herbicides
• Insecticides
• Fungicides
• Rodenticides

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa