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Pesticide Inert Ingredients Market Share

Report ID: GMI7858
Published Date: Jan 2024
Report Format: PDF

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Pesticide Inert Ingredients Market Share

Pesticide Inert Ingredients Market Company Share, (2022)

These players focus on strategic partnerships, new Type launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative Types and garner maximum revenue in the market.

In the market, several key players, including BASF SE, DowDuPont, Clariant AG, Croda International Plc, Solvay SA, and Stepan Company, command significant market shares, covering approximately 50-60% of the global market. BASF SE, as a global chemical giant, holds a substantial market share attributed to its extensive portfolio of innovative inert ingredients and strong research and development capabilities.

DowDuPont, formed through a merger of Dow Chemical and DuPont, leverages its comprehensive expertise in agrochemicals to contribute significantly to the market. Clariant AG, known for its specialty chemicals, brings forth tailored solutions in the form of inert ingredients, further establishing its market presence. Croda International Plc specializes in sustainable ingredients, positioning itself as a key player in the growing demand for eco-friendly pesticide formulations.

Pesticide Inert Ingredients Market Companies

Some of the major market players operating in the pesticide inert ingredients industry are:

BASF SE
DowDuPont
Clariant AG
Croda International Plc
Solvay SA
Stepan Company
Evonik Industries AG
Royal Dutch Shell plc
LyondellBasell Industries N.V.
Huntsman Corporation

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pesticide inert ingredients industry size was USD 5.92 billion in 2023 and is set to reach USD 8,386.8 million by 2032 owing to the greater need to protect crops from pests, diseases, and weeds.

The herbicides segment generated USD 2.35 billion in revenue in 2023 and is expected to grow considerably through 2032 owing to its increasing popularity in modern agriculture for weed control.

Asia Pacific pesticide inert ingredients market size reached USD 2.3 billion in 2023 and is set to exhibit robust growth between 2024 and 2032 attributed to the robust agricultural sector, characterized by extensive crop cultivation and the rising demand for food products.

Some of the leading pesticide inert ingredient companies are BASF SE, DowDuPont, Clariant AG, Croda International Plc, Solvay SA, Evonik Industries AG, Royal Dutch Shell plc, LyondellBasell Industries N.V., and Huntsman Corporation, among others.