The global pesticide inert ingredients market was valued at USD 3.6 billion in 2020 and is anticipated to grow at USD 4.8 billion by 2027 recording a CAGR of 6.15% during the forecast period 2021-2027 owing to an increase in demand for specific inert ingredients in different pesticide formulations and support by the distributional coverage of pesticide application are the major factors that are driving the growth of the market. However, regulatory bans for the inert ingredients for high toxicity restrains the growth of the market over the forecasted period. Global pesticide inert ingredients market is surging owing strategic collaborations and definitive agreements and also expansion of production facilities to enhance the growth of the company. The global pesticide inert components market is expanding at a rapid rate, owing to reasons such as increased use in the chemical sector to create more efficient chemicals. In addition, rising demand from the agricultural sector, which is limited in land, is expected to fuel demand for high-performance films in the future years. Due to rising urbanisation, the agriculture industry requires high-yielding crops that are also safe, which is projected to boost the pesticide inert components market. However, as people become more aware of the health risks associated with pesticides, the demand for pesticide inert substances is expected to slow down. Similarly, in the near future, the creation and application of inert substances in biological formations could provide a lucrative potential for market players. For instance, in November 2018, Clariant expanded the production capacity of its ethylene oxide (EO) unit in Gendorf, Germany. In May 2018, Solvay signed a three-year contract with Beifeng Hengtai Agricultural Development Co., Ltd. to launch a product called AgRho NH4 Protect. In June 2017, Stepan, through its subsidiary in Mexico, entered into an agreement with BASF Mexicana.