The pesticides carriers market size is set to gain impetus from the increasing need to ensure food security and enhance yield quality. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Pesticides Carriers Market, 2022-2029.” As per the report, governments of several countries across the globe are tying up with various organizations to launch innovative programs for the agriculture industry. In March 2021, for instance, Sierra Specialty introduced a novel agri-business program in fifty states. It will target herbicide & pesticide spraying services, landscaping, and farm labor contractors. The company partnered up with Watford US Insurance to initiate this new program.
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Segmentation-
Liquid Segment to Lead Backed by Ease of Mixing and Uniformity
Based on the type, the market for pesticides carriers is segregated into bio-based and synthetic. By form, it is bifurcated into solid and liquid. Amongst these, the liquid segment is expected to earn the largest pesticides carriers market share in the upcoming years. This growth is attributable to the uniformity and ease of mixing the liquid carrier in pesticides. It also lowers waste and hence, would showcase high demand. Based on end-use, it is fragmented into rodenticides, herbicides, fungicides, insecticides, and others. Lastly, by geography, it is divided into the Middle East & Africa, South America, Europe, North America, and Asia Pacific.
Report Coverage-
Our analysts have conducted qualitative and quantitative research, as well as a mixture of primary and secondary resources to gather information about the market for pesticides carriers. They have taken data from press releases, paid databases, company journals, and other sources to offer a complete picture of the market. To collect information about the competitive landscape they have conducted interviews with renowned personalities.
Drivers & Restraints-
Increasing Trend of Sustainable Agriculture to Favor Growth
Companies nowadays are using pesticides carriers in active ingredients to correct their formulations and reduce their concentrations so that they can be applied in numerous situations. Besides, the surging focus on developing highly effective formulations and the rising adoption of pesticides would propel the pesticides carriers market growth.
At the same time, the rising research and development activities to identify state-of-the-art bio-based carriers would contribute to this growth. Coupled with this, the adoption of sustainable agriculture worldwide is set to aid growth. However, increasing concerns regarding the surging usage of pesticides owing to various health hazards may hamper the demand for pesticides carriers.
Regional Insights-
Asia Pacific to Dominate; Development of Novel Pesticides to Reduce Imports will Aid Growth
Geographically, Asia Pacific is anticipated to grow significantly in the forthcoming years because of the presence of numerous agri-input companies. They are majorly focusing on the development of effective pesticides for lowering imports and surging their footprints.
North America, on the other hand, is expected to grow considerably on account of the favorable changes in norms and regulations governing the usage of pesticides in the region. In March 2020, the Environmental Protection Agency (EPA), for instance, permitted the purchase of a few commodity inert ingredients from suppliers without notifying the agency in the U.S. It would help producers to gain access to the commonly available components, thereby increasing the demand for pesticides carriers.
Competitive Landscape-
Key Players Focus on Capacity Expansions and New Product Launches to Intensify Competition
The global market for pesticides carriers contains a large number of manufacturers. Most of them are presently focusing on the launch of unique products to cater to the high demand from the agriculture industry. A few others are trying to broaden their production capacities to surge sales. Below are the two latest industry developments:
- March 2019: BASF launched Ventigra™ insecticide for greenhouse and nursery growers. It would enable pest management of insects, such as scales, mealybugs, aphids, and whiteflies. It would also help growers to produce high quality plants and maintain sustainable practices.
- November 2018: Clariant broadened the production capacity of its ethylene oxide (EO) unit situated in Germany. It would aid the company to successfully develop innovative specialty chemicals for supporting a wide range of industries, including crop solutions, home care, industrial, and personal applications.
A list of reputed pesticides carriers manufacturers operating in the global market:
- BASF SE
- DowDuPont
- Clariant
- Croda International
- Eastman Chemical Company
- Solvay
- Huntsman International LLC
- Evonik Industries
- Stepan Company
- Other key market players
Browse Summary
https://www.fortunebusinessinsights.com/pesticides-carriers-market-103315
