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Sustainable Solutions in Agriculture: North America's Crop Protection Chemicals Market Growth and Forecasts to 2030

user image 2024-11-14
By: Harshal J
Posted in: Chemicals and Materials

Meticulous Research®, a leading global market research company, has published a comprehensive 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 report provides detailed insights into the market dynamics, growth drivers, key players, trends, and challenges in the North American crop protection chemicals sector.

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

Market Overview

The North American crop protection chemicals market is poised for substantial growth in the coming years. In terms of value, the market is expected to reach $14.08 billion by 2030, with a compound annual growth rate (CAGR) of 4% from 2024 to 2030. In terms of volume, the market is projected to hit 1,299,600.5 tons by 2030, growing at a CAGR of 3% from 2024 to 2030. This market growth is largely driven by various factors, including the expansion of organic farming, rising demand for organic food, increasing awareness about environmental safety, and growing government initiatives to promote the use of biopesticides. Other key drivers include the rising demand for cost-effective crop protection solutions, the rapid decrease in arable land, and a heightened focus on integrated pest management.

Moreover, the growing adoption of biological seed treatments, which offer eco-friendly alternatives to traditional chemical methods, is expected to further boost market growth. While there are significant opportunities, the market faces challenges such as the lack of awareness regarding biological crop protection chemicals, low adoption rates, and stringent regulatory frameworks that hinder market expansion. Additionally, the lengthy product registration and approval processes remain a key challenge for market participants.

Market Segmentation

The North American crop protection chemicals market is segmented based on product type, formulation, mode of application, crop type, and country. These segments offer a detailed view of the evolving dynamics and opportunities within the market.

  1. By Type

The market is divided into synthetic crop protection chemicals and biological crop protection chemicals .

  • Synthetic Crop Protection Chemicals : This segment is expected to dominate the North American market in 2024, accounting for a significant share. Synthetic chemicals such as herbicides and insecticides remain highly popular due to their cost-effectiveness, availability, and efficacy. These products are typically more affordable than biological alternatives and can be produced at lower costs, which makes them appealing to a wide range of farmers. Additionally, synthetic chemicals tend to provide quicker results, contributing to their preference in conventional farming practices.
  • Biological Crop Protection Chemicals : This segment is expected to witness rapid growth during the forecast period from 2024 to 2030. The shift toward organic farming, increasing public health concerns regarding chemical pesticide residues, and environmental awareness are driving the adoption of biological crop protection solutions. Government initiatives and growing consumer demand for chemical-free food products also contribute to the rise of biological crop protection chemicals. Products such as bioinsecticides and bioherbicides, which utilize natural predators or microbial agents, are gaining traction as eco-friendly alternatives to synthetic pesticides.

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  1. By Formulation

The North American crop protection chemicals market is also categorized based on the formulation type: liquid formulation and dry formulation .

  • Liquid Formulation : In 2024, liquid formulations are expected to hold the largest market share. Liquid crop protection chemicals are favored due to their ease of application, uniform distribution, and longer effectiveness compared to dry formulations. These chemicals offer better performance, with some providing up to 6 months of efficacy, as opposed to the 3-month effectiveness of dry formulations. Liquid products are also more cost-efficient, and they mix well with other crop enhancers, which contributes to their higher demand in the market. The ongoing adoption of advanced irrigation technologies like drip and sprinkler systems further supports the preference for liquid formulations.
  • Dry Formulation : Although dry formulations are expected to hold a smaller share of the market, they are projected to grow at a steady pace. Dry formulations are often used for specific applications where soil treatment is required. They are generally more stable than liquids and are often employed in areas where storage conditions and handling require a longer shelf life.

  1. By Mode of Application

The mode of application segment divides the market into foliar spray , seed treatment , soil treatment , and other methods.

  • Foliar Spray : This method is expected to maintain the largest market share in 2024. Foliar spraying is one of the most efficient ways of applying crop protection chemicals, ensuring uniform distribution with minimal wastage. The high efficiency and ability to target specific areas of crops directly contribute to the widespread use of foliar spray. This application method is commonly used for pesticides and fungicides.
  • Seed Treatment : This segment is projected to witness substantial growth from 2024 to 2030. Seed treatment offers several benefits, including improved germination rates, pest resistance, and uniform seedling emergence. The use of microbial pesticides alongside chemical treatments allows for early-season control while offering long-term protection. As farmers continue to seek ways to boost crop yields and reduce early-season pest pressures, seed treatment methods are gaining popularity.
  • Soil Treatment : Soil treatment involves the application of crop protection chemicals directly to the soil to control soil-borne pests and diseases. Although it holds a smaller share compared to foliar spray and seed treatment, it remains an essential practice for many crop types.

  1. By Crop Type

The market is further segmented by crop type into cereals & grains , oilseeds & pulses , fruits & vegetables , and other crops.

  • Fruits & Vegetables : This segment is expected to dominate the market in 2024. The rising demand for organic and chemical-free fruits and vegetables, combined with the growing urbanization and increasing adoption of healthy eating habits, contributes to the strong demand for crop protection chemicals in this sector. Additionally, the significant financial losses caused by diseases affecting fruit and vegetable crops further boost the need for effective crop protection solutions.
  • Cereals & Grains : While the demand for crop protection chemicals in cereals and grains is stable, the segment continues to grow as farmers seek efficient ways to protect their crops from pests and diseases. Increased agricultural productivity is essential in meeting the growing food demand, making cereals and grains an important sector for crop protection chemicals.

  1. By Country

In 2024, the U.S. is expected to hold the largest share of the North American crop protection chemicals market. The country’s extensive agricultural industry, coupled with factors such as the decline in arable land and increasing government support for agricultural innovation, positions the U.S. as a key player in this market. The rising importance of organic farming and the increasing demand for organic food products are also driving market growth in the country.

Key Players

The North American crop protection chemicals market features several key players, including:

  • BASF SE (Germany)
  • Bayer AG (Germany)
  • Corteva, Inc. (U.S.)
  • FMC Corporation (U.S.)
  • Novozymes A/S (Denmark)
  • Nufarm Limited (Australia)
  • Syngenta AG (Switzerland)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • American Vanguard Corporation (U.S.)
  • UPL Limited (India)
  • ADAMA Agricultural Solutions Ltd. (Israel)
  • Pro Farm Group (U.S.)
  • Gowan Company LLC (U.S.)
  • BioWorks, Inc. (U.S.)
  • Vive Crop Protection, Inc. (Canada)

These companies are involved in the development, manufacturing, and distribution of crop protection chemicals, including both synthetic and biological products, to cater to the diverse needs of the North American agricultural sector.

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Conclusion

The North American crop protection chemicals market is set to experience significant growth by 2030, driven by factors such as increasing demand for organic food, government initiatives to promote biopesticides, and the growing importance of integrated pest management. While synthetic crop protection chemicals dominate the market, the biological segment is expected to experience rapid growth, fueled by the shift toward organic farming and greater environmental awareness. The market also faces challenges, including regulatory hurdles and a need for higher adoption of biological crop protection chemicals.

With strong support from key players, continuous advancements in agricultural practices, and rising consumer demand for chemical-free products, the North American crop protection chemicals market presents substantial opportunities for growth in the coming years.

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