Global Pesticide Inert Ingredients Market: Overview
The growing urge to ensure food quality in agricultural industry is the key factor driving the global pesticide inert ingredients market. Inert ingredients or emulsifier are the chemical substance which helps in stabilizing harmful chemical present in the pesticides. Some of the major emulsifiers used in the market are alcohol alkoxylates, alcohol ethoxylates, nonylphenol, and alcohol alkoxylates. Usage of pesticide in modern crop protection technique has fuelled the global pesticide inert ingredients market across the world.
An upcoming report by Transparency Market Research gives a detailed insight into the various aspects of the global pesticide inert ingredients market. Further, the report furnishes information on drivers and restraining factors shaping the growth pace of pesticides inert ingredients market. The study includes a detailed geographical segmentation and lists down the top players of the market, their strategies, and their impact on pesticides inert ingredients market.
Global Pesticide Inert Ingredients Market: Trends and Opportunities
Growing industrialization has decreased the land availability for agriculture use. Which in turn, created demand of pesticides to ensure food production. Emulsifier products enhance the overall application and performance of the pesticide product. The use of inert ingredients along with pesticide application is projected to increase agricultural yield and also ensure food safety. Among all types of pesticide inert ingredients, liquid inert ingredients is supposed to lead global pesticide inert ingredients market. Its ability to reduce waste, ease in mixing and larger target coverage area for pesticide application makes it most suitable pesticide inert ingredient.
Also, it has been observed that some of the inert ingredients are more toxic than the active ingredients in pesticides. Thus, effecting the overall agricultural production adversely. Governmental bodies and regulatory authorities in many region have introduced strict regulations for the use of toxic pesticides, which affects the growth of global pesticide inert ingredients market. Increased health hazards with the usage of chemical-based inert ingredients creates an opportunity for the market players to develop bio-based inert ingredients. Bio- based inert ingredients is made from the sources such as microbes for the formulation of bio-based pesticides.
Although bio-based inert ingredients pose less toxic effect on the food, the market for synthetic pesticide ingredient is larger as compared to it. It is due to the ease of availability of synthetic products across the world.
Global Pesticide Inert Ingredients Market: Geographical Analysis
The geographical analysis of global pesticide inert ingredients market gives an insight of the region sentiments of the product across the globe. Region wise global pesticide inert ingredients market is segmented as- North America, Asia-Pacific, Europe, and other region. Asia Pacific region is likely to lead global pesticide inert ingredients market owing to the high agricultural product dependency.
Global Pesticide Inert Ingredients Market: Competitive Landscape
Key players of the global pesticide inert ingredients market are Clariant, BASF, DowDuPont, Croda International and Stepan Company. Where in BASF SE is predominantly leading the market owing to high production capability across the world. The company has marked its presence on the growth trajectory owing to the vivid product range, worldwide presence and diverse customer base.