North America Crop Protection Chemicals Market - Opportunity Analysis and Industry Forecast (2023-2030)

 

A recent study conducted by Meticulous Research®, a prominent global market research firm, released a 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.’

The North America crop protection chemicals market is projected to achieve a value of $14.08 billion by 2030, with an anticipated Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2030. In terms of volume, it is forecasted to reach 1,299,600.5 tons by 2030, growing at a CAGR of 3% during the same period. Several factors contribute to this growth, including the expansion of organic farming and the increasing demand for organic food, heightened awareness regarding environmental protection, government initiatives promoting biopesticides, the need for cost-effective crop protection solutions, and the shrinking availability of arable land. Additionally, opportunities arise from the emphasis on integrated pest management and the rising adoption of biological seed treatments. However, challenges persist due to limited awareness and adoption of biological crop protection chemicals, along with stringent and inconsistent regulations. Another obstacle is the lengthy process of product registration and approval.

Key Players

Major players in the North America crop protection chemicals market include BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Novozymes A/S, Nufarm Limited, Syngenta AG, Sumitomo Chemical Co., Ltd., American Vanguard Corporation, UPL Limited, ADAMA Agricultural Solutions Ltd., Pro Farm Group, Gowan Company LLC, BioWorks, Inc., and Vive Crop Protection, Inc.

The study on the North America crop protection chemicals market provides historical data on market value and volume for 2021 and 2022, estimates current data for 2023, and offers forecasts up to 2030. The market is segmented based on type, form, mode of application, crop type, and country.

Based on type, The North America crop protection chemicals market is divided into two main segments: synthetic and biological crop protection chemicals. In 2023, it's projected that the synthetic segment will dominate the market. This dominance can be attributed to factors such as the widespread availability, efficiency, and lower cost of synthetic products compared to biological alternatives. Synthetic chemicals are generally more effective and economically viable for farmers, making them a preferred choice.

However, the biological crop protection chemicals segment is anticipated to experience substantial expansion from 2023 to 2030. This growth is primarily fuelled by the rising embrace of organic farming, escalating environmental and public health apprehensions surrounding chemical crop protection agents, heightened demand for agricultural produce free from chemical residues, and global governmental efforts to encourage the adoption of biological crop protection products.

Based on formulation, The North America crop protection chemicals market is divided into liquid and dry formulations. In 2023, it is projected that the liquid formulation segment will dominate the market. This dominance is due to several factors, including the ease and uniformity of application, superior performance, and longer effective duration of up to six months compared to dry formulations lasting up to three months. Additionally, liquid formulations are typically more cost-effective than dry ones and can be easily combined with other crop enhancers, driving their demand.

Furthermore, substantial growth is anticipated in this segment over the forecast period. This growth is propelled by the growing significance of modern irrigation techniques like drip and sprinkler irrigation, which contribute to a decrease in blockages.

Based on the mode of application, In 2023, the foliar spray category is projected to dominate the North America crop protection chemicals market, holding the highest share. This is primarily due to its effective application, consistent distribution of chemicals, and minimal wastage, making it a preferred choice for crop protection.

Nonetheless, the seed treatment segment is expected to experience notable expansion from 2023 to 2030. This growth is primarily fuelled by the enhanced germination and uniform emergence of seedlings, along with the safety and pest resistance benefits associated with seed treatment techniques. Typically, this method involves the application of microbial pesticides alongside chemical ones to ensure both early-season and extended control over pests.

Based on crop type, in 2023, the fruits & vegetables category is projected to hold the majority share of the North America crop protection chemicals market. This dominance is attributed to factors such as urbanization trends, the rising preference for healthy lifestyles, increasing demand for organic fruits & vegetables free from chemical residues, and escalating financial losses caused by diseases affecting these crops.

Based on country, in 2023, it is anticipated that the United States will hold the biggest portion of the North America crop protection chemicals market. This dominance can be attributed to several factors including diminishing arable land, heightened government support and promotion, and the necessity for enhanced agricultural productivity. Additionally, the growing significance of organic farming and consumption of organic goods are also driving factors behind market expansion in the country.

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

Key Questions Answered in the Report:

  • Which segments are experiencing significant growth in the market in terms of type, formulation, mode of application, crop type, and geographical region?
  • What was the past market size of crop protection chemicals throughout North America?
  • What are the projected market forecasts and estimations for the timeframe spanning from 2023 to 2030?
  • What are the primary factors motivating, hindering, offering prospects, and presenting obstacles in the crop protection chemicals market of North America?
  • Who are the key players in the market, and what is their respective market presence in terms of shares?
  • Who are the prominent players in different countries, and what are their market shares?
  • How does the competitive scenario appear within the North America crop protection chemicals market?
  • What are the various strategies implemented by the leading players in the North America crop protection chemicals market?
  • What are the significant geographical patterns, and which countries are experiencing substantial growth within the crop protection chemicals market in North America?
  • Who are the emerging local players in the North America crop protection chemicals market, and what strategies do they employ to compete with established players?

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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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