Meticulous Research® Unveils Comprehensive Report on North America Crop Protection Chemicals Market: Projected to Reach $14.08 Billion by 2030

Meticulous Research®, a globally renowned market research company, has released its latest research 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.' This report forecasts the North America crop protection chemicals market to surge to $14.08 billion by 2030 in terms of value and reach 1,299,600.5 tons in terms of volume, marking a CAGR of 4% and 3%, respectively, from 2023 to 2030.

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Market Insights and Growth Drivers

The market's robust growth is attributed to various factors, including the expansion of organic farming, heightened demand for organic food, growing environmental safety awareness, government initiatives promoting biopesticide use, rising demand for cost-effective crop protection solutions, and the alarming reduction in arable land. Additionally, a heightened focus on integrated pest management and the adoption of biological seed treatments present significant growth opportunities. However, challenges such as low awareness and adoption rates of biological crop protection chemicals and stringent regulations pose obstacles to market growth. The prolonged product registration and approval process also emerge as a key challenge.

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Leading Industry Players

Key players contributing to the North America crop protection chemicals market include 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.), and Vive Crop Protection, Inc. (Canada).

Detailed Market Study

The North America crop protection chemicals market study provides historical market data in terms of value and volume for 2021 and 2022, estimated current data for 2023, and forecasts for 2030. The market is segmented by type, form, mode of application, crop type, and country.

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Key Segment Highlights

Type: In 2023, the synthetic crop protection chemicals segment is expected to dominate, owing to its availability, efficiency, and lower cost compared to biological products. The biological segment is projected to witness significant growth during 2023-2030, fueled by the increasing adoption of organic farming and growing environmental concerns.

Formulation: The liquid formulation segment is anticipated to hold the larger market share in 2023, driven by its uniform application, better performance, and extended effective duration compared to dry formulation.

Mode of Application: The foliar spray segment is projected to lead in 2023, attributed to its efficiency, uniform distribution, and minimal wastage of crop protection chemicals. The seed treatment segment is poised for significant growth during 2023-2030 due to increased germination and safety advantages.

Crop Type: Fruits & vegetables are expected to dominate in 2023, fueled by urbanization, demand for chemical residue-free organic produce, and economic losses due to diseases affecting fruit & vegetable crops.

Country: The U.S. is forecasted to account for the largest market share in 2023, driven by declining arable land, government support, and a growing emphasis on organic farming.

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This release was published on openPR.