Meticulous Research®—a leading global market research company, published a research report titled, ‘North America Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides], Biological [Bioinsecticides, Bioherbicides]), Formulation (Liquid, Dry), Mode of Application (Seed Treatment, Soil Treatment), Crop Type - Forecast to 2030.’
In terms of value, the North America crop protection chemicals market is expected to reach $14.08 billion by 2030, at a CAGR of 4% from 2023 to 2030, while in terms of volume, the market is expected to reach 1,299,600.5 tons by 2030, at a CAGR of 3% from 2023 to 2030. The growth of this market is driven by the growth in organic farming & the rising demand for organic food, increasing awareness about environmental safety, rising government initiatives to promote the use of biopesticides, increasing demand for low-cost crop protection solutions, and rapidly decreasing arable land. Furthermore, an increasing focus on integrated pest management and the growing adoption of biological seed treatments are expected to provide significant growth opportunities for players operating in this market. However, lack of awareness and low adoption rate of biological crop protection chemicals and stringent and non-standardized regulations hinder the growth of this market. On the other hand, the lengthy product registration and approval process is the key challenge of this market.
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Key Players
The key players operating in the North America crop protection chemicals market include BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), American Vanguard Corporation (U.S.), UPL Limited (India), ADAMA Agricultural Solutions Ltd. (Israel), Pro Farm Group (U.S.), Gowan Company LLC (U.S.), BioWorks, Inc. (U.S.), and Vive Crop Protection, Inc. (Canada).
Based on type, the North America crop protection chemicals market is segmented into synthetic crop protection chemicals and biological crop protection chemicals. In 2023, the synthetic crop protection chemicals segment is expected to account for the larger share of the North America crop protection chemicals market. The large market share of this segment is attributed to its ease of availability, high efficiency, and lower cost than biological products.
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Based on formulation, the North America crop protection chemicals market is segmented into liquid formulation and dry formulation. In 2023, the liquid formulation segment is expected to account for the larger share of the North America crop protection chemicals market. The large market share of this segment is attributed to the uniform & easy application of liquid form, better performance, and higher effective duration (up to 6 months) than dry form (up to 3 months).
Based on the mode of application, the North America crop protection chemicals market is segmented into foliar spray, seed treatment, soil treatment, and other modes of application. In 2023, the foliar spray segment is expected to account for the largest share of the North America crop protection chemicals market.
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However, the seed treatment segment is projected to witness significant growth during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the increased germination and uniform seedling emergence, safety, and pest resistance advantages with the use of the seed treatment technique. In this method, microbial pesticides are often applied with chemical pesticides, as chemical pesticides provide early-season control, and microbial pesticides provide extended control.
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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of type, formulation, mode of application, crop type, and geography?
• What is the historical market size for crop protection chemicals across North America?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the North America crop protection chemicals market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
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