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North America Crop Protection Chemical Market to cross USD 13.7 Billion by 2026: Actual Market Research
Nov, 10
2021

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North America Crop Protection Chemical Market to cross USD 13.7 Billion by 2026: Actual Market Research

 

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The recent addition of Actual Market Research, under the title of- North America Crop Protection Chemical Market Outlook, 2026, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed in terms of products, and in terms of application. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations across the region.

The crop protection chemical is used widely to save the crops from the damage caused by insects or parasites, but excessive use can be toxic to humans and the environment. The region is a high consumer of crop protection chemicals, with the highly stringent regulatory framework controlled by the EPA and USDA. By the end of the forecasted period, the North America market for crop protection chemicals is to cross a market value of over USD 13700 Million. The region is driven by the factors like increasing demand for food for the increasing population, declining agricultural land, and the need for better yield.

In the North America Crop Protection Chemical Market, more than half of the market share is contributed by the herbicides segment. The demand is likely to incline in the coming years, due to the climatic changes which might boost the fungal growth. The major hurdle expected in the region is the growing demand for organic farming, attributed to the increasing awareness about the increasing knowledge about the health hazards of pesticides. The toxicity of crop protection chemicals towards the environment and stringent regulations from the FDA lead to regulatory issues in the region.

The major crops produced in the region are corn, soybean, cotton, and maize, which declined in the year 2019, due to the changes in the climatic conditions and the US-China trade war. Also, the US is one of the major exporters of few crops category, and thus the need to grow better quality crops increased. Product development towards sustainable farming options is to drive the market in the forecasted period.

In Canada, the pesticides are registered under the PCPA, before importing, manufacturing, trading, or using within the country. Through the forecasted period, Canada is likely to be growing with the highest CAGR of 3.74%. Due to strong government control over the harmful effects of chemicals used for pesticides on humans and the environment, the market would grow at a rather static pace.

The majority of the companies in the global landscape of this market are enjoying great potential in this million-dollar industry, even though they face a lawsuit now and then. A few of the most prominent companies in the market which are profiled in this report are: Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL