Home > Agriculture > Crop Care > Agrochemicals > Pesticide Inert Ingredients Market

Pesticide Inert Ingredients Market Trends

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

Download Free Sample

Pesticide Inert Ingredients Market Trends

There is a discernible shift towards the development and adoption of inert ingredients that not only enhance the efficacy of pesticide formulations but also align with stringent environmental and regulatory standards. Bio-based inert ingredients, derived from natural sources, are gaining prominence as alternatives to traditional synthetic counterparts, reflecting a broader industry trend towards green chemistry. Additionally, multifunctional inert ingredients that serve dual purposes, such as improving pesticide performance and reducing environmental impact, are witnessing growing popularity.

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.