According to a Persistence Market Research report on the Bio-based
Pesticide Inert Ingredients Market, the market is expected to reach
nearly US$ 5 billion in value by the end of 2019 and is projected to reach US$
9 billion by the end of 2029.
This projection is based on an analysis of the global
industry for the years 2014 to 2018 and a forecast for 2019 to 2029. From the
estimated year (2019) to the forecast year (2020), the global market for
pesticide inert components is anticipated.
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Bio-based Pesticide Inert Ingredients Market Growth is
Predicted to Be Accelerated by the South Asian Region
The majority of the South Asian nations have
agriculture-based emerging economies. This area contains a lot of agricultural
land, and the industry is expanding quickly. The largest economies in India,
Malaysia, Thailand, and Indonesia are those in which the agricultural sector
contributes the most to GDP growth. With the highest CAGR in the market for
pesticide inert ingredients, these nations have seen rising pesticide
consumption in agricultural practices.
Bio-based Pesticide Inert Ingredients Market is expected to
reach a valuation of ~US$ 5.7 Bn in 2019, growing at a CAGR of ~6% over the
course of the forecast period. Developments across the agricultural industry,
incorporation of precision technology and growing consumption of pesticides for
increased crop protection requirements are likely to stimulate the
profitability of Bio-based Pesticide Inert Ingredients Market players.
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Bio-based Pesticide Inert Ingredients Market Taxonomy
Type
- Solvents
- Emulsifiers
- Surfactants
- Propellants
- Others
Nature
- Bio-based
- Synthetic
Form
- Liquid
- Solid
End Use
- Herbicides
- Insecticides
- Fungicides
- Others
Region
- North
America
- Latin
America
- Europe
- South
Asia
- East
Asia
- Oceania
- Middle
East and Africa
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The Analyst’s Speak:
The increasing emphasis given to crop nutrition in wake of
the transforming agricultural ecosystem has resulted in PMR analysts to have a
positive outlook of the market. As crop cultivators are seen mixing additional
inert ingredients to boost concentration and effectiveness of pesticide
products, this factor is creating potential opportunities for Bio-based
Pesticide Inert Ingredients Market players.
Market entrants can channelize their future investments to
create similar offerings. Although pesticide inert ingredients are expected to
gain popularity in liquid form, in 2019, inert ingredients in solid or dry form
are expected to pick pace over the course of the forecast period. This is
attributed to their immense applicability in the formulation of rodenticides
and herbicides.
FAQ’s:
- How
much value will the Bio-based Pesticide Inert Ingredients Market hold in
the 2029?
- What
are key industry trends that are expected to shape the Bio-based Pesticide
Inert Ingredients Market in the coming years?
- What
are the key growth determinants driving the Bio-based Pesticide Inert
Ingredients Market onto the growth trajectory?
- Which
type is anticipated to remain the sought-after pesticide inert ingredients
type over the coming decade?
Read More:
·
https://www.openpr.com/news/2855780/pesticide-inert-ingredients-market-is-projected-to-reach-us-9
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Pesticide Inert Ingredients Market Revenue, Bio-based Pesticide Inert
Ingredients Market Key Players, Bio-based Pesticide Inert Ingredients Market
Gross Margin, Bio-based Pesticide Inert Ingredients Market Insights, Bio-based
Pesticide Inert Ingredients Market Growth
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