About ~2 billion individuals indulge themselves in agricultural activities, according to recent studies. Whilst a majority of agronomists utilize pesticides to shield the food, and commercial offerings produced. Pesticides find purpose in commercial spaces, lawns and gardens, and around residential areas, amplifying their importance for agricultural, and economic sectors immensely. The intensifying emphasis given to crop nutrition owing to transmuting agricultural setting is influencing crop harvesters to incorporate extra inert ingredients for boosting concentration and efficiency of pesticide products.
Earlier in developed countries, pesticide products used to be regulated due to the presence of active ingredients – chief drivers of toxicity. Development and registration of innovative active ingredients is a cost- and time-prohibitive affair. As such, manufacturers are setting their sights on leveraging pesticide inert ingredients in lieu of producing new active ingredients. With regulatory bodies across the globe mandating data acquisition, and review processes for pesticide products, pesticide inert ingredients industry is set to witness an uplift.
Persistence Market Research, in its new business intelligence report, finds that the pesticide inert ingredients market is estimated to reach ~US$ 5.7 Bn in 2019 and is anticipated to grow at a healthy CAGR of ~6% over the foreseeable period. Advancements in the agricultural sphere, increasing demand for innovative solutions, and growing adoption of pesticides for enhanced crop protection are likely to remain the goldmines of growth for the market.
The Trend of Organic and Sustainable Consumables Pushes Bio-based Inert Ingredients
Rising concerns regarding health hazards due to the application of inert ingredients based on chemicals is facing the wrath of stringent government norms – paving way for the development of bio-based inert ingredients. Bio- based inert ingredients are derived from natural sources, including microbes, for the preparation of bio-based pesticides. In addition, bio-based inert ingredients pose a lesser toxic impact on consumables.
The fact that organic farming underpins higher biodiversity as compared to traditional management approaches is propelling the adoption of sustainable pesticides, and agrochemicals. As such, bio-based inert ingredients are garnering huge traction in the wake of producing environmental-friendly, and safe food products. Furthermore, bio-based inert ingredients are receiving regulatory approvals for use in pesticide products.
High solubility and Cost-Efficiency of Solid Inert Ingredients Find Favor in Diverse Areas
Solid pesticide inert ingredients are gaining noteworthy prominence owing to straightforward application in pesticide products. Good solubility of solid pesticide inert ingredients is making them a commonplace in diverse sectors. Although the dustable powder is unsuitable for large-scale applications, residential and institutional settings rely on dustable powder to keep insects, and pests at bay. In addition, solid pesticide inert ingredients are cost-friendly, and easily accessible.
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Unlike their liquid counterparts, solid pesticide inert ingredients minimize the risk of sludge formation, and blockages of line filters and spray nozzles. In indoor environments, solid pesticides inert ingredients allow the dosage of pesticides, and insecticides into smaller regions, such as cracks, crevices, cabinets, and behind the shelves. As a consequence, the pesticides encroach the habitat of pests, protecting individuals from any contact. Furthermore, solid pesticides lure rodents in cultivation fields, boosting the applicability of pesticides inert ingredients in solid form in the formulation of rodenticides and herbicides.