PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586359
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586359
The North America crop protection chemicals market size is expected to reach USD 18.78 billion by 2032, according to a new study by Polaris Market Research. The report "North America Crop Protection Chemicals Market Size, Share, Trends, Industry Analysis Report: By Type (Herbicides, Insecticides, Fungicides & Bactericides, Other), By Origin, By Form, By Mode of Application, By Crop Type, and By Country (U.S. and Canada) - Market Forecast, 2024-2032." gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing global demand for medicinal plants used in herbal medicine is rising growth in the North America crop protection chemicals industry. Furthermore, the expanding organic food sector is driving the use of chemicals like glyphosate, azoxystrobin, pyrethroids, and others to enhance crop yields. These factors are expected to lead to substantial growth in the demand for crop protection chemicals in North America in the coming years.
The regulation of pesticides in the U.S. involves a multi-agency approach to ensure their safe and effective use in agriculture and other applications. For instance, in the United States, crop protection chemicals, or pesticides, are rigorously regulated by the Environmental Protection Agency (EPA) under laws such as the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and the Food Quality Protection Act (FQPA).
U.S. farmers also rely heavily on herbicides, especially for weed control in major crops such as corn and soybeans. Insecticides are also widely used, particularly for pests affecting oilseed and ornamental crops. The adoption of crop protection chemicals is crucial for maintaining high yields and productivity in U.S. agriculture.
The latest trends in the North America crop protection chemicals market include the growing use of digital technologies and precision agriculture. Farmers are increasingly utilizing drones, satellite imaging, and other digital tools to precisely target areas for chemical application, improving efficiency and reducing overall chemical usage. Additionally, the incorporation of nanotechnology into crop protection is allowing for more targeted delivery of pesticides, minimizing environmental dispersion. As farmers adapt to the challenges posed by climate change, such as shifting weather patterns and pest dispersal, they are modifying their crop protection tactics to accommodate these transitions, further driving the need for innovative and sustainable solutions.
The fruits & vegetables segment leads the North America crop protection chemicals market due to urbanization, health trends favoring organic produce, and economic losses from crop diseases.
The herbicides segment held the largest market share in 2023 due to its characteristics crucial for weed management, enhancing crop productivity, quality, soil fertility, and minimizing soil erosion.
The United States dominated the North American crop protection chemicals market in 2023, buoyed by increased demand, USDA financial support, and the growth of the organic food sector.
The North America key market players include Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer CropScience, Corteva Agriscience, FMC Corporation, Monsanto Company, Nufarm Ltd, Sumitomo Chemical Co., Ltd., Syngenta AG, The Dow Chemical Company
Polaris Market Research has segmented the North America crop protection chemicals market report based on type, origin, form, application, crop type, and region:
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