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Redding, California - November 17, 2023

North America Crop Protection Chemicals Market to be Worth $14.08 Billion by 2030

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

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 2024 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 2024 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.

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).

The North America crop protection chemicals market study presents historical market data in terms of value & volume (2021 and 2022), estimated current data (2024), and forecasts for 2030. This market is segmented by type, form, mode of application, crop type, and country.

Based on type, the North America crop protection chemicals market is segmented into synthetic crop protection chemicals and biological crop protection chemicals. In 2024, 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. Additionally, synthetic crop protection chemicals are generally more effective than natural or organic counterparts and can be produced at comparatively lower costs, thus making them an attractive option for many farmers.

However, the biological crop protection chemicals segment is projected to witness significant growth during the forecast period of 2024–2030. The rapid growth of this segment is mainly driven by the increasing adoption of organic farming, growing environmental and public health concerns regarding the use of chemical crop protection products, high demand for chemical residue-free agricultural products, and the initiatives by governments worldwide to promote the use of biological crop protection products.

Based on formulation, the North America crop protection chemicals market is segmented into liquid formulation and dry formulation. In 2024, 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). In addition, the liquid form crop protection chemicals are also cheaper than dry formulation crop protection chemicals and are easily mixed with any other crop enhancer, boosting the demand for the same.

Moreover, it is also expected to witness significant growth during the forecast period. The growth of this segment is driven by the increased importance of the latest irrigation technologies, such as drip irrigation and sprinkler irrigation, with a reduction in blockage.

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 2024, the foliar spray segment is expected to account for the largest share of the North America crop protection chemicals market. The large market share of this segment is attributed to the high efficiency in the application, uniform distribution of chemicals, and minimum to no wastage of crop protection chemicals in the foliar spray mode of application.

However, the seed treatment segment is projected to witness significant growth during the forecast period of 2024–2030. 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.

Based on crop type, the North America crop protection chemicals market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. In 2024, the fruits & vegetables segment is expected to account for the largest share of the North America crop protection chemicals market. The large market share of this segment is attributed to the growing urbanization and increased adoption of healthy lifestyles, the growing demand for chemical residue-free organic fruits & vegetables, and the increasing financial losses due to diseases affecting fruit & vegetable crops.

Based on country, in 2024, the U.S. is expected to account for the largest share of the North America crop protection chemicals market. The U.S.'s major market share is attributed to the declining arable land, increasing support and encouragement of the government, and the need for improved agricultural productivity. Moreover, the increasing importance of organic farming and the consumption of organic products are other factors propelling the market growth in the country.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5721

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 2024–2030?
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?
What is the competitive landscape like for the North America crop protection chemicals market?
What are the different strategies adopted by the major players in the North America crop protection chemicals market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the North America crop protection chemicals market, and how do they compete with other players?

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Redding, California - November 17, 2023

North America Crop Protection Chemicals Market to be Worth $14.08 Billion by 2030

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

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