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North America Agrochemicals Market Research Report – Segmented By Type, Application Type and Country (The United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 and Growth Forecasts (2023 to 2028)

Published: March, 2023
ID: 912
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Agrochemicals Market (2023 to 2028)

The North American agrochemicals market is predicted to be worth USD 61.78 billion in 2023 and is to reach a valuation of USD 71.42 billion by 2028, growing at a CAGR of 2.94% during the forecast period.

The agrochemicals market is estimated to be one of the most crucial segments of agro-inputs, owing to the intensifying commercial farming of high-value crops to meet the growing diversified food demand. As such, agrochemicals are witnessing a significant demand since farmers are resolute in attaining nutritious and high-quality crop production.

Agrochemicals’ job is to defend crops, boost crop yields, and sustain the food and soil quality. Another vital role of agrochemicals is to alter the growth progression of the plants. Agrochemicals are therefore seen as those products that boost the return on investment and also help meet farmers' and customers' demands from the economic and health standpoint with growing per hectare production of quality crops.

The growth of the North American agrochemicals market is majorly driven by factors such as a wide range of pest control applications of agrochemicals and decreasing arable land. This market is also propelled by factors such as meticulous research & partaking of intellectual property rights and increasing R&D investments. However, it has been discovered that the continued use of agrochemicals has harmfully affected the health of users and also the environment. Cancer, autism, and Alzheimer’s are some of the ailments associated with the extended use of agrochemicals. Furthermore, agrochemicals get amassed on the land surface and may even pollute groundwater.

This research report on the North American agrochemicals market is segmented and sub-segmented into the following categories.

North America Agrochemicals Market – By Type:

  • Fertilizers
    • Nitrogenous
    • Phosphate
    • Potassic
  • Pesticides
    • organophosphates
    • pyrethroids
    • biopesticides
  • Plant Growth Regulators
    • Auxins
    • Cytokinins
  • Adjuvants
    • Activator Adjuvants
    • Utility Adjuvants

North America Agrochemicals Market – By Application:

  • Crop Based
    • Oilseeds
    • Fruits & Vegetables
    • Grains & Cereals
  • Non-Crop Based
    • Turf & Ornamental Grass
    • others

North America Agrochemicals Market - By Country:

  • The U.S.
  • Canada
  • Rest of North America

The North American market, which is the second major consumer of agrochemicals has been geographically segmented into US and Canada. This region has the highest per-hectare intake of Agrochemicals globally. The development of crops such as oilseeds and sugarcane is mainly anticipated due to the broadening applications such as feed, fuel, and other industrial applications, which in turn drives the market in this region.

KEY MARKET PLAYERS:

The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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FAQ's

what is the current market size of the North America agrochemicals market?

The North America agrochemicals market is worth USD 61.78 billion in 2023

Which specific agrochemical product category dominates the North America Agrochemicals Market?

Herbicides dominate the North American agrochemicals Market, accounting for the largest market share due to their widespread use in weed control across various crops.

What are the major crop segments fueling demand for agrochemicals in North America?

Corn, soybeans, and wheat are major crop segments driving the demand for agrochemicals in North America, reflecting the region's focus on staple crops and biofuel production.

What role does sustainable agriculture play in shaping the North America Agrochemicals Market?

Sustainable agriculture practices, including the use of precision farming, organic farming, and reduced-impact agrochemicals, play a crucial role in shaping the North American agrochemicals Market as consumers prioritize environmentally friendly options.

who are the key market players involved in the North America Agrochemicals Market?

Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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