Lucintel Forecasts Pesticide Inert Ingredient Market to Grow at a CAGR of 5%-7%

According to the recent study the pesticide inert ingredient market is projected to grow at a CAGR of 5%-7% from 2020 to 2025. Growth in this market is primarily driven by increasing need to ensure food security and cater to the requirements for pesticides in the agricultural industry.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in pesticide inert ingredient market by type (emulsifiers, solvents, and carriers), source (synthetic and bio-based), pesticide type (herbicides, insecticides, fungicides, and rodenticides),  and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Emulsifiers market is expected to remain the largest segment during the forecast period.”    

Based on type, the pesticide inert ingredient market is segmented into emulsifiers, solvents, and carriers. Lucintel forecasts that the emulsifiers is expected to witness the largest segment over the forecast period due to industrialization is increasing and land area for agriculture is decreasing, which in turn, creates demand for the use of pesticides for ensuring food security and production.

“Within the pesticide inert ingredient market, the bio-based segment is expected to remain the largest source.”   

Based on source, the bio-based segment is expected to witness the largest source over the forecast period due to increasing health hazards associated with the usage of synthetic-based inert ingredient in pesticides.

“Asia Pacific will dominate the pesticide inert ingredient market in near future.”

Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period, as pesticide inert ingredients are increasingly consumed by pesticide manufacturers at production facilities during the formulation stage and countries, such as India, Thailand, and Vietnam, depend on imports for pesticides.

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Major players of pesticide inert ingredient market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF, Clariant, DowDuPont, Stepan Company, and Croda International are among the major pesticide inert ingredient providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pesticide-inert-ingredient-system-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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