The North American agrochemical and pesticide market size is expected to be worth USD 39.47 billion in 2024 and reach USD 48.30 billion by 2029, growing at a CAGR of 4.12% from 2024 to 2029.
An agrochemical or agrichemical, a varied nomenclature for agricultural chemical is as the name suggests, a chemical substance used to aid in cultivation or its concerned activities. The range of products may vary from herbicides and insecticides to fungicides and nematicides. Other substances which also fall under it include hormones, antiseptics and other chemical growth enhancing or inhibiting agents.
A pesticide is in general any substance that kills or adversely affects the life cycle of organisms that are considered to have an adverse effect on crop cultivation. The potential list of target pests can include insects, plant pathogens, weeds, molluscs, birds, mammals, fish, nematodes, and microbes that destroy property, cause nuisance, or spread disease, or are disease vectors. The management of such pests and the manufacture of chemicals used for the same purpose has turned out to be a multi-million-dollar industry.
North America Agrochemical and Pesticide Market Drivers:
The growth of the agrochemical and pesticide market is mainly driven by increasing health awareness among consumers and the increased demand for food production. Consumers are also demanding different varieties of agrochemicals that are organic and eco-friendly. Other drivers of the market include the lack of arable land, favorable government policies towards agriculture, and technological advancements and research done in the field. In spite of the numerous advantages, the market still continues to be hampered by the lack of unified standards for safety as well as pricing.
This research report on the North American agrochemical and pesticide market is segmented and sub-segmented into the following categories:
North America Agrochemical and Pesticide Market - By Application:
North America Agrochemical and Pesticide Market - By Type:
North America Agrochemical and Pesticide Market – By Country:
The North American market has the largest market share globally in spite of having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.
KEY MARKET PLAYERS:
Bayer, Dow AgroSciences, Monsanto, BASF, Adama, Nufarm, Syngenta, DuPont, Qingdao Kyx Chemical, Jiangsu Huangma Agrochemicals, Jiangsu Changqing Agrochemical, Albaugh, Gharda, Jiangsu Yangnong Chemical Group, Nanjing Red Sun, Jiangsu Changlong Agrochemical, Yancheng Limin Chemical, KWIN Joint-stock, Jiangsu Pesticide Research Institute Company, Hubei Sanonda, Zhejiang Hisun Chemical, Bailing Agrochemical, Hailir Pesticides and Chemicals, Jiangsu Fengshan Group, Hebei Yetian Agrochemicals, Xinyi Zhongkai Agro-chemical Industry, Shandong Qilin Agrochemical. Some of the market players dominate the North American agrochemical and pesticide market.
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