Pesticide Inert Ingredients Market Analysis, Growth, Trends, Share, & Forecast to 2023

The pesticide inert ingredients market is estimated to account for USD 3.5 billion in 2018 and is projected to reach USD 4.7 billion by 2023, at a CAGR of 6.14% during the forecast period. The need to ensure food security and cater to the requirements for pesticides in the agricultural industry drives the market for pesticides inert ingredients.

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Pesticide inert ingredients are used in herbicide spray solutions to accentuate the emulsifying or other surface modifying properties of liquids. Inert ingredients are mostly present in herbicide treatment solutions with the aim to improve the penetration of active ingredients into plant foliage or to reduce foaming activity of the spray solution. Also, with reference to the herbicides available in the market, the amount of inert ingredients used in herbicide solutions are higher compared to insecticides and fungicides.

High adoption of inert ingredients in the North American region also drives the overall pesticide inert ingredients market. The major use of the formulation of herbicides is in the form of emulsifiers and solvents.

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Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across countries. Even though there is a variation in the agriculture system from basic systems in India to the technically advanced ones in Japan, the agenda of food security is supported by local governments in the Asian countries. The Asia Pacific region is one of the leading consumers of pesticides across the globe, though the region mainly depends on imports of pesticide supply. Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is projected to be smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application is projected to increase in the future.

This report includes a study of development strategies for leading companies. The scope of this report includes a detailed study of major companies such as BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International Plc. (UK). Other players in the market include Eastman Chemicals (US), Solvay S.A. (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands).

Key questions addressed by the report:

1. Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
2. Which region will have the highest share in the pesticide inert ingredients market?
3. Which type of pesticide inert ingredients witnesses high demand in each key country market?
4. What are the trends and factors responsible for influencing the adoption rate of bio-based inert ingredients in key emerging countries?
5. Which are the key players in the market and how intense is the competition?

Biofertilizers Market Growth Factors, Application and Regions Analysis, & Forecast by 2022

The biofertilizers market is projected to grow at a CAGR of 14.08% during the forecast period, to reach a projected value of USD 2,305.5 Million by 2022. The demand for biofertilizers is completely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technology, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for biofertilizers. The shortage in the supply of agricultural products in the last five years has resulted in an increase in their prices, and subsequently led to the increase in agricultural production. As a result, the demand for fertilizers has increased, which is expected to drive the demand for biofertilizers.

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The biofertilizers market is driven primarily by the growth in the organic food industry and increase in awareness regarding the health hazards caused by the use of chemical fertilizers. Moreover, government agencies are promoting the use of biofertilizers, which has also driven the market growth, globally.

Cereals & grains require maximum biofertilizers for proper growth. Wheat, rice, corn, barley, and oats are the major cereal & grain crops cultivated extensively across the world. Farmers have begun using biofertilizers to replace chemical fertilizers, in order to sustain the soil nutrient generation cycle. This approach has increased the demand for biofertilizers, especially for cereal & grain cultivation.

Cyanobacteria contain naturally-occurring inputs such as solar energy, nitrogen, and water to ensure better soil fertility and plant growth. Cyanobacteria, through photosynthesis, fix nitrogen from the air and turn it into soluble form for plants. Cyanobacteria fix nitrogen, which is an essential nutrient for plant growth. Cyanobacteria are cost-effective and help increase soil fertility, which is one of the key factors leading to its dominance in the biofertilizers market.

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The Asia-Pacific region holds a significant position in the global biofertilizers market, owing to factors such as growth of the organic food industry, and rise in farm expenditures. China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively, in 2015. Government initiatives such as subsidies and incentive schemes, increase in awareness regarding the benefits of biofertilizers, and rise in farm expenditures have led to the large scale manufacturing of biofertilizers in these regions.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Novozymes A/S (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), and Rizobacter Argentina S.A. (Argentina).

Soil Conditioners Market Analysis, Growth, Trends, Challenges, & Forecast to 2022

The soil conditioners market is projected to grow at a CAGR of 8.16% from 2016, to reach a projected value of USD 7.83 Billion by 2022. The market growth is driven by increasing awareness about soil management practices, and need for enhanced nutrient in soil. The market is further driven by the factors such as advanced farming practices and ensuring food security.

The growth of the soil conditioners market is driven by the increased awareness on soil management. On the other hand, low adoption rate is a major restraint to the soil conditioners market. Soil conditioners find multiple applications in the agricultural sector, as well as the industrial sector, which includes tunneling and mining, hence creating more business opportunities for the soil conditioners market.

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Natural soil conditioners segment dominated the market as their usage in soil conditioning is traced traditionally for several years. Natural soil conditioners properties such as improving soil structure and reduced compaction in soil along with ease of local availability and trending organic farming concepts are the key factors that are driving this segment market. Within natural soil conditioners, polysaccharide derivatives accounted for the major share in 2016.

The agricultural applications segment accounted for a larger share in the soil conditioners market in terms of both, value and volume, in 2016. Soil conditioners plays a prominent role for agricultural application with their ability to improve the soil fertility, texture, and quality. Moreover, soil conditioners are also used for tunneling and mining purposes to loosen the soil for easy excavation and to stabilize the excavated soil.

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The Asia Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global market, in 2016. Factors such as large population, vast agricultural land, wide acceptance of agricultural technologies and soil with poorly developed layers in countries of the Asia Pacific region are driving the growth of the soil conditioners market.

Low level of awareness about the benefits of soil conditioning materials among the farmers is the key restraint for the growth of the market. Market players’ efforts in creating awareness and availability of soil conditioning materials (especially synthetic products) will aid the market to witness significant growth in the projected period.

The leading players that dominated the soil conditioners market include BASF SE (Germany), The Dow Chemical Company (US), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), and Solvay S.A. (Belgium). Other players include Croda International Plc (UK), Clariant International AG (Switzerland), Lambent Corp. (US), Adeka Corporation (Japan), and Eastman Chemical Company (US). These key players have adopted strategic developments such as expansions & investments, collaborations & acquisitions, and agreements & investments to capture this emerging market.