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.

Feed Acidifiers Market Analysis, Growth, Trends, Forecast to 2023

The feed acidifiers market was valued at USD 2.62 billion in 2017; it is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period. Increasing government aid promoting the growth of the feed industry and the high threat of diseases in livestock are factors driving this market.

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The feed acidifiers market, by compound, has been segmented into blended compound acidifiers and single compound acidifiers. The blended segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. The use of these blended acidifier compounds is a new market development, with single compound acidifiers still being used widely. However, their usage has increased significantly over the years, making it the more prominent one among both. Blended acidifier compounds help reduce the presence of harmful microorganisms in feed, in addition to promoting beneficial microbial growth in the gut. Conversely, the addition of antibiotics inhibits the growth of any microorganisms, even if they are beneficial to the livestock.

The feed acidifiers market, by form, has been segmented into liquid and dry. It was dominated by the dry segment in 2018. Most companies in the feed acidifiers market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency.

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The South American market is projected to grow at the highest CAGR from 2018 to 2023. This growth is attributable to the development of the animal husbandry sector in the region that has promoted an increase in the consumption of feed additives such as acidifiers, rising income levels in emerging economies such as Brazil and Argentina which is supporting consumer inclination to better quality meat and other livestock products, rising demand for South American meat.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share in the feed acidifiers market.

Increase in the Outbreak of Foodborne Illnesses to Drive the Demand for Agricultural Testing Market

The agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64% during the forecast period. The market is driven by the global increase in outbreaks of foodborne illnesses, the implementation of stringent safety and quality regulations for agricultural commodities and food in developed economies, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.

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The agricultural testing market, based on sample, has been segmented into soil, water, seed, compost, manure, biosolids, and plant tissue. The market for testing for soil is estimated to dominate in 2017, and is also projected to be the second fastest-growing segment during the forecast period. The growing contamination of soil, caused by wastewater and industrial effluents, has been propelling the importance of soil testing; this, in turn, is driving the market for agricultural testing.

The agricultural testing services market, by technology, has been segmented into conventional and rapid. The rapid technology segment is estimated to dominate the market in 2017, and is projected to grow at a higher CAGR by 2022. This can be attributed to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of bacteria in comparison to conventional technological methods.

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Europe accounted for the largest market share in the agricultural testing market. The dominant share of this region is attributed to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals, and labeling. Europe also has the highest number of testing laboratories among all regions. The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022 and is driven by China, Japan, India, and Australia; this growth can be attributed to the increase in awareness about food safety norms and implementation of regulations for their testing in these countries.

Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and the improper enforcement of regulatory laws are the major restraints for the growth of this market.

The global market for agricultural testing is dominated by large-scale players including SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), TÜV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), Agrifood Technology (Australia), Apal Agricultural Laboratory (Australia), SCS Global (US), and ALS Limited (Australia).

Growing Environmental and Human Health Concerns Drives the Agricultural Adjuvants Market

Agricultural Adjuvants Market report categorizes the global market by Chemical Group (Alkoxylates, and Sulfonates), Application (Herbicides, Fungicides, and Insecticides), Function (Activator and Utility), Formulation, Crop Type, and Region. The agricultural adjuvants market was valued at USD 2.97 billion in 2017 and is projected to reach USD 4.04 billion by 2023, at a CAGR of 5.24% during the forecast period.

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The agricultural adjuvants market is a relatively small sector in the crop protection chemicals industry; however, the market has been growing at a significant rate due to the increasing need for sustainable pest management in agricultural operations in developed countries. Strong research funding by key manufacturers for product development such as drift control and anti-foam agents is expected to drive the growth of the market over the next five years.

In this report, the chemical group in adjuvant formulation is classified into alkoxylates, sulfonates, organosilicones, and others, which include polyacrylates, phospholipids, and combination blends. The alkoxylates segment is estimated to account for the largest market share in 2018 since compounds of this chemical group are widely used in the formulation of surfactants. Ethoxylates and fatty alcohol alkoxylates are the two major sub-groups which are majorly used in adjuvant formulation.

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North America is estimated to lead the market in 2018; followed by Europe, owing to the high adoption of adjuvants to complement pesticide consumption in countries such as Germany, France, the US, and Canada. Increasing growth of industrial and high-value crops and rising awareness among farmers about the benefits of adjuvants are expected to provide more scope for market expansion. Moreover, ongoing research & development activities on better and efficient adjuvant solutions also render scope for growth of the market.

The major factors restraining the growth of agricultural adjuvants are the inconsistent regulatory procedures for adjuvant products across the globe and increased production costs for end-use farmers. Also, the increasing number of bans on a few pesticide classes in European and North American countries due to the growing environmental concerns caused by higher application of pesticides in agriculture—have also impacted the market to a huge extent.

The global market for agricultural adjuvants is dominated by large players such as DowDuPont (US), Solvay (Belgium), Evonik Industries (Germany), Nufarm (Australia), and Croda International (UK). Some emerging players in the agricultural adjuvants market include BASF (Germany), Akzonobel (Netherlands), Huntsman Corporation (US), Helena Agri-Enterprises (US), Wilbur-Ellis (US), Stepan Company (US), Clariant (Switzerland), and BRANDT (US).