US & Europe Pesticide Inert Carriers Market By Source (Synthetic, Bio-based), By Composition (Mineral clay, Chlorite and Others), By Form (Dry, Liquid) and By Pesticide Type (Herbicides, Insecticides and Others) and By Region - Global Forecast 2030

US & Europe Pesticide Inert Carriers Market Overview:

The US & Europe Pesticide Inert Carriers Market was valued at UЅD $588.6 Мn in 2020 and is projected to achieve a valuation of UЅD $895.9 Мn by 2030, at a САGR of 5.2%.

Inert ingredients refer to compounds, chemicals, and other related substances. According to Federal Law, inert ingredients by definition are those ingredients that are combined with ‘active ingredients’ including certain herbs, edible oils, spices & herbs), along with other natural materials.

It has been found that the greenhouse production of crops can be increased with the use of effective pesticides. Moreover, the EU has withdrawn its reserve in terms of restrictions concerning the use of pesticides and this factor is slated to have a positive impact on the revenue growth of the US & Europe pesticide inert carriers market over the next decade. Furthermore, the decrease in arable land crop production levels and the steady increase in the amounts of food being consumed by the general populous are some of the other primary factors that are expected to have a significant impact on the market growth of this region market in the years to come.

In addition to this, pests are increasingly becoming resilient to the use of harsh that may be readily available in today’s market, as such, several manufacturers are now focusing their attention on the development of more advanced substances that are more effective and leave behind minimal levels of harmful residue. This is another major factor that is anticipated to fuel the revenue growth of the US & Europe pesticide inert carriers market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The US & Europe pesticide inert carriers market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the increasing prominence of genetically modified crops which have a higher resistance to pests among other agents is also a factor that may restrain the revenue growth of the US & Europe pesticide inert carriers market in the years to come.

Nevertheless, the introduction of nano-pesticides by various key industry players, which have proven to be more effective than conventional forms of pesticides is another major factor that is anticipated to have a profound impact on the revenue growth of the US & Europe pesticide inert carriers market in the foreseeable future.

Segmentation of the US & Europe Pesticide Inert Carriers Market is as follows:

In terms of source, the synthetic segment accounted for the maximum number of revenue shares of the US & Europe pesticide inert carriers market in 2020, and this segment is expected to continue doing so over the next decade. However, the bio-based segment is anticipated to index the highest CAGR over the forecast period.

With regards to form, the dry segment accounted for the maximum number of revenue shares in 2020, and this segment is expected to index the highest CAGR over the course of this forecast period. The liquid segment is also slated to register considerable revenue growth in the years to come.

On the basis of composition, the organic solvent segment accounted for the maximum number of revenue shares of the US & Europe pesticide inert carriers market in 2020, and this segment is slated to continue doing so over the next 10 years. The mineral clay segment is also anticipated to register a high CAGR over the forecast period.

With respect to pesticide type, the herbicides segment accounted for the highest number of revenue shares in this global industry in 2020, and this segment is anticipated to register considerable revenue growth over the next 10 years. The insecticides segment is also slated to index a high CAGR over the remainder of this forecast period.

Regional Segmentation and Analysis:

The ‘Rest of Europe’ segment accounted for the maximum number of revenue shares of the US & Europe pesticide inert carriers market in 2020 and is indicative of retaining its respective market position over the next decade. The market in Germany is also anticipated to index a high CAGR over the course of the forecast period.

Segmentation of the US & Europe Pesticide Inert Carriers Market:

Segmentation by Source:

• Synthetic
• Bio-based.

Segmentation by Composition:

• Mineral clay
• Chlorite
• Other mineral clay
• Organic solvent
• Crop oil.
• Other organic solvents.
• Other compositions

Segmentation by Form:

• Dry
• Liquid

Segmentation by Pesticide Type:

• Herbicides
• Insecticides
• Fungicides
• Rodenticides
• Other pesticide types

Segmentation by Regions:

• United States
• Canada
• Mexico
• Germany
• UK
• France
• Italy
• Russia
• Spain
• Rest of Europe