Upcoming Growth Trends in the Food & Beverage Metal Cans Market

The report "Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region - Global Forecast to 2025",  According to MarketsandMarkets, the food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%. The rapid growth in awareness toward environmental sustainability and recyclable properties of metal cans are the driving factors for the food & beverage metal cans market.

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By material, the aluminum segment is projected to account for the larger share in the food & beverage metal cans market

The aluminum segment is projected to dominate the market, on the basis of material, during the forecast period. This is attributed to the cost-effectiveness and recycling rates of aluminum. Increasing the use of metal packaging for food & beverages packaging provides a sustainable and environment-friendly solution for packaging in multiple applications. Aluminum cans are convenient to keep in refrigerators and ovens. Changes in consumer preferences are observed for food & beverage packaging. According to the Environmental Protection Agency of the United States (EPA), 1.9 million tons of aluminum packaging was generated for beers and soft drink cans, and 49.2% of aluminum beverage cans were recycled. The metal packaging for the food industry is considered to be safe, which is one of the major factors to support its growth in the market.

By application, the beverages segment accounted for the larger size in the food & beverage metal cans market during the forecast period

Based on the application, the food & beverage metal cans market is segmented into food and beverages. The beverage cans are estimated to account for the larger share, because of the high consumption of carbonated, non-carbonated, and sports & energy drinks. The rise in the consumption of alcoholic beverages leads to the growth of beverage cans market. Moreover, changes in consumer trends toward healthy drinks are driving the market for metal cans during the forecast period.

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The Asia Pacific food & beverage metal cans market is projected to have higher growth potential in the coming years. A large consumer market and increasing disposable income in India and China are driving the growth of the demand for high-quality metal packaging. Also, China is the hub for the manufacture of metal cans and has sufficient manufacturing plants to meet the demand for food & beverage metal packaging. Moreover, rapid urbanization in countries such as India and China are expected to result in high growth of the food & beverage metal cans market in Southeast Asia during the forecast period.

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This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany), CCL Industries (US), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel), Massilly Holding S.A.S (France), P. Wilkinson Containers Ltd. (UK), Unimpack (Netherlands), Müller und Bauer GmbH (Germany), and Allied Cans (Canada).

Recent Developments:

• In April 2019, Crown Holdings, Inc. announced the launch of round and square shorter cans in the luxury packaging market. This will help the company to broaden its product portfolio.
• In August 2019, Ball Corporation signed an agreement to sell its tinplate steel aerosol packaging facilities to Envases del Plata (Argentina), an Argentinian metal packaging company. This agreement will help the company to expand its reach in the South American region.
• In October 2019, Ball Corporation announced the construction of its new aluminum cups manufacturing plant in Rome, Georgia to cater to the growing demand for beverage packaging in the US. This new plant will help the company expand its presence in the US region.
• In July 2019, Ardagh Group launched a slimline 187 ml can particularly designed for protecting wine and wine-based drinks. This launch would help the company to expand its product portfolio.

Latest Regulatory Trends Impacting the Food Processing & Handling Equipment Market

 The report “Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region – Global Forecast to 2025″, The global food processing & handling equipment market is estimated to be valued at USD 137.2 billion in 2019 and is projected to reach USD 196.6 billion by 2025, growing at a CAGR of 6.2%. Advancements in the food processing & packaging equipment industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies are also expected to support the growth of the food processing & handling equipment market.

The food processing equipment segment is estimated to dominate the global market in 2019.

By equipment type, the market was dominated by the food processing equipment segment in 2018, in terms of value. Food companies are focusing on product innovations and providing efficient and advanced technologies to food producers who are demanding operationally advanced machinery to cater to the growing demand from the food industry. New technologies such as non-thermal processing are also being developed to support the manufacturing process by reducing production time, ingredient & food waste, and overall cost. The growing health awareness is driving the demand for healthy and convenience food products, which is also expected to drive the food processing & handling market in the food industry.

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The bakery & confectionery products segment is estimated to account for the largest share in the market in 2019.

By application, the bakery & confectionery products segment is estimated to account for the largest share in the food processing & handling equipment market in 2019. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery & confectionery products manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery market and high prevalence and demand for these products in both developed and developing countries. The demand for ultra-processed bakery products is high in developed countries such as the UK, Germany, the US, Canada, and Spain. These countries represent an established bakery industry and are experiencing a rise in the popularity of premium and innovative bakery products such as pastries, glazed & chocolate coated donuts, sugar & chocolate coated cookies, and chocolate pies. Such countries are focused on the production of bakery items to meet the increasing demand. This demand for bakery products is facilitating the increasing use of bakery processing equipment.

Asia Pacific is estimated to dominate the food processing & handling equipment market in 2019.

Asia Pacific is estimated to account for the largest market share in the food processing & handling equipment market in 2019. Key factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and the rising consumption of processing and packaged products are expected to drive the demand for food processing & handling equipment market during the forecast period. The increasing disposable incomes, growing population, busy lifestyles, and shift in the focus toward convenience foods and instantly processed foods are some of the key trends influencing the growth of the food processing & handling equipment market in Asia Pacific. As a result, the next few years is likely to see continued growth in the sector’s performance.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the food processing & handling equipment market. The key players in the food processing & handling equipment market include GEA (Germany), Buhler Ag (Switzerland), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Robert Bosch (Germany), IMA Group (Italy), Middleby Corporation (US), and Dover Corporation (US), Robert Bosch (Germany), IMA Group (Italy), Tetra Laval (Switzerland), Multivac (Germany), Middleby Corporation (US), Welbilt, Inc. (US), and Electrolux (Sweden).

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Recent Developments:

• In May 2019, GEA launched a new SmartPacker CX400 packaging machine, which has induction sealing capabilities for meat and poultry manufacturers. In April 2019, GEA also launched CALLIFREEZE system for the GEA S-Tec spiral freezer in the Asian market. This product would help GEA’s customers to meet their Industry 4.0 strategy requirements.
• In May 2019, Bosch Packaging Technology, a subsidiary of Bosch, launched the Pack 403, a fully-automated, narrow horizontal flow wrapper in the European and Asian markets. The company has been continuously developing innovative products according to the customers’ demands.
• In April 2019, Tetra Pak launched a connected packaging platform; this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers.

Bread Improvers Market to Witness Unprecedented Growth in Coming Years

 According to MarketsandMarkets, the global bread improvers market is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 4.7 billion by 2025, recording a CAGR of 5.7%, in terms of value. The rising consumption of bread and bread products has led to the growth of bread improvers market. Also, the increasing awareness about health and food safety is fueling the demand for whole wheat and multigrain breads, which is helping market growth. Bakery manufacturers are innovating their products to meet the changing functional requirements of the consumers. All these factors are contributing to the growth of bread improvers market.

Report Objectives:

• To describe and forecast the bread improvers market, in terms of type, form, application, ingredient, and region
• To describe and forecast the bread improvers market, in terms of value, by region–North America, Europe, Asia Pacific, South America and the Rest of the World—along with their respective countries
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of the bread improvers market
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the bread improvers market

By ingredient, the emulsifiers segment is projected to account for the largest share in the bread improvers market during the forecast period

The emulsifiers segment, by ingredient, is projected to dominate the market during the forecast period. Emulsifiers are used in the manufacturing of bakery products to reduce the fat content in baked goods. Some of the emulsifiers used in the production of bread improvers are DATEM, diglycerides, lecithin, and monoglycerides. Emulsifiers are easily available at lower costs. Also, emulsifiers, such as lecithin, are being used for the manufacturing of clean-label products, which substantiates the increased dominance of the emulsifiers segment.

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By application, the bread segment accounted for the largest market size in the bread improvers market during the forecast period

The demand for bread improvers is increasing significantly due to the rising demand for different forms of bread. Bread is a prominent food globally, and in many regions, its market has matured. Manufacturers are coming up with fortified and flavored breads for these matured markets. In addition, emerging regions such as Asia Pacific are witnessing a rise in demand for on-the-go breakfast products, which is also driving the market of bread. This is ultimately contributing to the growth of the bread improvers market.

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The bread improvers market in Asia Pacific is projected to witness the highest growth due to the increasing demand for convenience foods due to the busy lifestyles of consumers. There is increasing consumption of on-the-go and ready-to-eat breakfast meals, as a result of urbanization, hectic lifestyles, and high disposable income. This trend is expected to fuel the growth of bread improvers in the region, as the increasing amount of bread and bread products are expected to be consumed. This region also offers scope for product innovation in the bakery industry, as consumers have varied tastes and preferences and look for a variety in rolls and breads. This has offered manufacturers the opportunity to expand their product portfolios. Such market potential is anticipated to impact the bread improvers market positively during the forecast period.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of profiles of leading companies such as Archer Daniels Midland Company (US), Associated British Foods plc (US), Ireks GmbH (Germany), Oriental Yeast Co., Ltd. (Japan), Fazer Group (Finland), Corbion N.V. (Netherlands), Nutrex N.V. (Belgium), Group Soufflet (France), Puratos Group (Belgium), Lallemand Inc. (Canada), Pak Group (US), InVivo (France), Bakels Worldwide, (Switzerland), Lesaffre (France), and John Watson-Inc (US).

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Key Trends Shaping the Carotenoids Market

 The carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2%, in terms of value, during the forecast period. Carotenoids are a group of yellow to red pigments, including the carotenes and the xanthophylls, found particularly in plants, algae, and photosynthetic bacteria and certain animal tissues. The increase in the usage of carotenoids as food colorants and the advancements end-user technologies are the major factors that are projected to drive the growth of the carotenoids market.

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The lutein segment is projected to grow at the highest rate during the forecast period

The lutein segment, on the basis of type, is projected to grow at the highest CAGR, in terms of value, during the forecast period. Lutein is synthesized by plants and found in some of the major food items, such as egg yolks, carrot, spinach, kale, squash, grapes, and pepper. It is used in both, human nutrition and animal nutrition products. Its wide acceptability due to its ability to treat age-related eye disorders, including cataracts and macular degeneration, is a key factor driving its demand.

By application, the feed segment is estimated to account for the largest market share in 2019 in the carotenoids market

Carotenoids are extensively used in animal nutrition products due to their coloring properties and are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These also help in increasing the immunity and improving the health of livestock by enhancing the quality of nutrition. The fertility of cattle, swine, and horses can be improved by feeding beta-carotene, whereas astaxanthin and canthaxanthin help in improving the growth of salmons and larval fishes.

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The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is projected to grow at the highest CAGR in the carotenoids market during the forecast period. This is due to the growing application of carotenoids in the health supplements, as they are rich in protein, vitamin, iron, manganese, and antioxidants, which help in preventing cardiovascular diseases and maintaining weight. Asia Pacific offers profitable growth opportunities to manufacturers and suppliers of carotenoids as the processing of carotenoids is cheaper in this region and witnesses a high demand in this region.

The prominent vendors in the carotenoids market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India).

Soil Conditioners Market Projected to Reach $2.5 Billion by 2025, at a CAGR of 8.3%

The report "Soil Conditioners Market by Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Application (Agriculture, Construction & Mining, and Others), Formulation (Liquid and Dry), Crop Type, Soil Type, and Region - Global Forecast to 2025", The global soil conditioners market is estimated to account for a value of USD 1.7 billion in 2020 and is projected to grow at a CAGR of 8.3% from 2020, to reach a value of USD 2.5 billion by 2025. Increased demand for agricultural crops such as rice, wheat, and soybean, especially from the developing countries and decrease in availability of agricultural land owing to urbanization is among the key factors expected to drive the soil conditioners market.

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By application, the agriculture segment is projected to be the fastest-growing segment in the soil conditioners market during the forecast period.

The surplus use of chemicals and fertilizers has led to shrinkage in the fertility and productivity of soil. Soil conditioners act as a valuable tool for the agricultural industry with their ability to enhance soil fertility, texture, and quality. Apart from this, shrinkage in the availability of arable land has urged farmers to enhance crop production in existing land, thus creating an opportunity for soil conditioner manufacturers. In developing countries, population growth and urbanization are the key reasons for the shrinkage of arable land. However, this has also increased the demand for crop production in these developing countries, thereby increasing the demand for soil conditioners in these countries.

By formulation, the liquid segment is projected to grow at the highest CAGR in the soil conditioners market during the forecast period.

The liquid forms are applied on a volume basis rather than a weight basis. The liquid form provides various options for crop growers to mix soil conditioners with insecticides, fungicides, or adjuvants. Compared to the dry form, little quantity of liquid soil conditioners is enough to cover larger crop areas, making it a preferable choice among farmers. In South America, the demand for liquid soil conditioners is expected to increase in the years to come, as they are easy to apply, do not require much labor, and increase yield.

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North America accounted for the largest share during the forecast period.

The Noth American region accounted for the largest share during the forecast period. The increase in industrial activities is a key factor that has caused soil degradation in the North American region. Also, North America hosts several mining activities, which lead to barren soil that is susceptible to erosion by wind and rain. . In North America, contamination of the surface in farms and mining to extract minerals, coal, oil, or gas has resulted in soil degradation. According to a report published by Cornell study 2017, in the US, soil disappears ten times faster than it is naturally replenished at an estimated rate of nearly 1.7 billion tons of farmland per year. These factors have contributed to rise in demand for soil conditioners in te region.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the soil conditioners market. It includes the profiles of leading companies, such as BASF (Germany), Syngenta (Switzerland), Novozymes (Denmark), Solvay (Belgium), UPL (India), Clariant (Switzerland), Evonik Industries (Germany), Eastman Chemical Company (US), Croda International PLC (UK), ADEKA Corporation (Japan), Vantage Specialty Chemicals (US), Aquatrols (US), Rallis India Limited (India), Humintech GmbH (Germany), GreenBest Ltd (UK), Omnia Specialities Australia (Australia), Grow More, Inc. (US), Geoponics Corp. (US), Delbon (France), and FoxFarm Soil & Fertilzer Co. (US).

Feed Yeast Market to Record Steady Growth by 2025

 The global feed yeast market size estimated at USD 1.8 billion in 2020 and is projected to grow at a CAGR of 5.1% to reach USD 2.3 billion by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of yeast-based animal feed products and strict government regulations regarding animal health.

Key players in the feed yeast market include Associated British Foods Inc. (UK), Archers Midland Company (US), Alltech Inc. (US), Cargill (US), Angel Yeast Company (China), Chr. Hansen (Denmark), Lesaffre (France), Nutreco N.V. (Netherlands), Lallemand Inc. (Canada), Novus International (US), Zilor (Biorigin) (Brazil), Kerry Group (Ireland) and Kemin (US).Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

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Associated British Foods PLC (UK) is one of the market leaders in Europe and is trying to increase its global presence by offering various feed grades to fulfill customer needs and demands. The company has entered the retail sector, which has helped it grab opportunities in the market. The company operates with various subsidiaries at the global level but has a wider distributional reach in the European region. The major growth strategies of the company include organic approaches to collaborate and partner with other players such as Lallemand (Canada) for effective operations of the Hutchinson site. The company operates through numerous subsidiaries, such as AB Agri Ltd (UK), AB Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), and Ohly (Germany). Of these, AB Mauri, ABF Ingredients, Ohly, and AB Vista produce yeast and yeast extracts. In January 2019, Ohly (UK) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aims at benefitting Ohly by ensuring sustainable security of the Hutchinson site.

Alltech Inc. (US) is engaged in the production and sale of nutritional products and solutions for the feed industry. The company’s core capabilities lie in yeast fermentation, peptide technology, and solid-state fermentation. It has used these technologies to offer a range of natural solutions to the feed industry for improving animal performance and profitability. The company performs research and innovation in various areas such as bioscience centers, nutrigenomics centers, aquaculture centers, community biorefinery, and quality assurance. Alltech is one of the leading animal nutrition companies across the globe. The company has its presence in various countries with 31 manufacturing facilities. It has a great market coverage as the company serves customers in more than 120 countries. Use of inorganic approaches such as the acquisition of WestFeeds Inc. (US) helped the company to strengthen its distribution network and product portfolio in the animal nutrition segment. Owing to its strong financial capabilities and being a global innovator in feed formulations and technologies, the company holds opportunities by investing in R&D for the development of innovative yeast-based ingredients for feed solutions.

Cargill (US) manages its business operations through its business segments, such as agriculture; animal nutrition and protein; food; and financial and industrial. Through its animal nutrition and protein segment, the company offers various animal nutrition products including yeast for beef, dairy, pet, poultry, and pork segments. The company manufactures and supplies feed yeast throughout the world under various brands. Cargill has a very strong product portfolio as compared to its competitors. This would help in positioning the company’s overall position in absorbing investment risks to expand their production capacity as well as their market share. Cargill offers high-quality products to its customers with strong R&D capabilities, which provide it with a strategic advantage over its competitors. The company is focusing immensely on R&D to meet the demands of the feed industry. In terms of animal nutrition, the company has invested in acquiring Diamond V (US), which would help the company in gaining competitive advantage in the animal health and nutrition sector.

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As per the FAO figures of 2019, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identified innovative ways to promote animal production through products with similar benefits by replacing antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc. (Canada) and Angel Yeast (China) are focusing on tapping the Asia Pacific market by setting up their feed additive manufacturing units.

Key Trends Shaping the Pesticide Inert Ingredients Market

The report "Pesticide Inert Ingredients Marketby Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023 " , The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

On the basis of type, the emulsifiers segment is projected to witness the fastest growth during the forecast period.

Emulsifiers help in stabilizing the mixture of two liquids and avoid the formation of immiscible liquid phases. Major emulsifiers that are used as inert ingredients are polymers, nonylphenol and alcohol ethoxylates, and alcohol alkoxylates. The demand for emulsifier-based products remains high in the North American region due to the increasing industrialization and decreasing land area for agriculture, which in turn, creates demand for the use of pesticides for ensuring food security and production.

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With the increasing demand for organic fruits and vegetables, the bio-based segment is projected to witness the fastest growth, on the basis of source.

It has been witnessed that some of the inert ingredients used in pesticide formulation are more toxic than the active ingredients. Increasing health hazards associated with the usage of synthetic-based inert ingredients in pesticides creates an opportunity for the market players to develop bio-based inert ingredients from sources such as microbes for the formulation of bio-based pesticides. Governmental bodies and regulatory authorities have introduced regulations for the use of toxic pesticides, which affects the growth of bio-based inert ingredients in the market.

The Asia Pacific is projected to witness the fastest growth in the inert ingredients market through 2023.

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, although 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 SA (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands). 

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Key questions addressed by the report:

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