The North America Crop Protection Pesticides Market was valued at USD 13.1 billion in 2022. The market size is expected to grow at a CAGR of 2.2% during the forecast period.
Crop protection is when pesticides protect a crop from pests by controlling the population and keeping them safe so that the crop and yield don’t hurt. Pesticides are an important part of agriculture. Even though agriculture is a mature industry, more people are becoming aware of biopesticides and want to use them to protect the environment. Some pesticides like glyphosate, atrazine, and chlorpyrifos are being phased out. This is expected to increase the demand for biopesticides. Biopesticides are made from animals, plants, bacteria, and minerals. They help get rid of pests without using poison.
North America Crop Protection Pesticides Market Drivers
Demand for food due to increase in population - One of the major drivers driving the North America Crop Protection Pesticides Market is the demand for food due to the increase in population. As the population increases, the demand for food increases as well; thus, the crop protection market also witnesses significant growth.
Advancements in farming practices and technology - With the increasing technology, the agriculture sector has also witnessed advancements in farming practices, thus acting as a major driver for the crop protection pesticides market.
North America Crop Protection Pesticides Market Restraints
Ban on certain pesticides - One of the major factors restraining the market growth is that there have been strict restrictions and a ban on certain powerful pesticides owing to their harmful effects on human health.
Government restrictions against synthetic pesticides - Another major restraining market growth is that authorities in many countries have put high restrictions to lower usage. Synthetic pesticides are linked to various health risks, such as increased cancer rates, fertility problems, etc., owing to which the government has limited their usage.
North America Crop Protection Pesticides Market Opportunities
In recent years, the North America Crop Protection Pesticides Market has grown significantly due to its increased usage in the agriculture sector. Now the seed treatment industry has also started to use crop protection pesticides. Thus the seed treatment market is estimated to report significant growth in the upcoming years.
Impact of COVID-19 on the North America Crop Protection Pesticides Market
Like any other market, the North America Crop Protection Pesticides Market also suffered a loss worth millions of dollars. In addition, the aftermath of the pandemic left a huge global crisis, especially in the agriculture and food processing industries, thus leaving the crop protection pesticide market in a huge crisis. Additionally, restrictions and various phases of lockdowns put on by government bodies across the North American region also had a huge impact on the crop protection pesticides market.
Key Developments in the North America Crop Protection Pesticides Market:
Segmentation Analysis
The North America Crop Protection Pesticides Market has been segmented based on origin into synthetic and bio-based pesticides. Due to the rising demand for bio-based products in the market, the bio-based segment is said to be holding the most shares in the market. These bio-based pesticides are usually extracted from natural sources such as plants without negatively affecting the environment.
Based on type, herbicides account for almost 35% of the market shares and are anticipated to experience the greatest growth during the forecast period. After herbicides, fungicides are the second most prevalent crop production strategy, with a nearly 23% share. Due to favorable climate conditions for fungal growth, demand for fungicides is projected to increase over the next few years.
The largest pesticide application market was cereals and grains, accounting for 30% of the entire crop protection volume. The grains most frequently treated with pesticides include wheat, rice, sorghum, oats, and barley. As the demand for cereals and grains increases, the demand for crop protection also rises, thus driving market growth.
Based on region, the US is leading the market with dominant shares. With favorable conditions and more market key players, the US is anticipated to witness the most growth over the forecast period.
Key Players:
FAQ's
The North America Crop Protection Pesticides Market was valued at USD 12.5 billion in 2020.
The North America Crop Protection Pesticides Market size is expected to grow at a CAGR of 2.2% over the forecast period.
Among all other players, UPL-USA, BASF SE, and Corteva Agri Science are said to be the key market players in the industry.
Based on region, the US holds the dominant share in the North America Crop Protection Pesticides Market.
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