North America Crop Protection Chemicals Market Projected to Reach $14.08 Billion by 2030

[Redding, California , 20-02-2024] - Meticulous Research®, a renowned global market research firm, has unveiled a comprehensive report titled 'North America Crop Protection Chemicals Market: Type, Formulation, Mode of Application, Crop Type, and Forecast to 2030.'

According to Meticulous Research's latest findings, the North America crop protection chemicals market is poised to attain a valuation of $14.08 billion by 2030, exhibiting a notable Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2030 in terms of value. In terms of volume, the market is expected to reach 1,299,600.5 tons by 2030, with a CAGR of 3.0% during the same period.

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The market's growth trajectory is fueled by several factors, including the surge in organic farming practices and the escalating demand for organic food. Additionally, heightened awareness about environmental safety, government initiatives promoting the use of biopesticides, and the rising demand for cost-effective crop protection solutions contribute to market expansion. Moreover, the shrinking arable land and the increasing focus on integrated pest management provide lucrative growth avenues. However, challenges such as low adoption rates of biological crop protection chemicals and stringent regulations impede market growth.

Key Players:

Major players operating 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.

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The North America crop protection chemicals market study presents historical data for 2021 and 2022, estimated current data for 2023, and forecasts for 2030. Market segmentation includes type, formulation, mode of application, crop type, and country.

Type Segment Insights:

The market is segmented into synthetic and biological crop protection chemicals. Synthetic chemicals are expected to dominate the market in 2023 due to their availability, efficiency, and lower cost compared to biological alternatives. However, biological crop protection chemicals are anticipated to witness significant growth driven by increasing adoption of organic farming practices.

Formulation Segment Insights:

Liquid formulations are expected to hold a larger market share in 2023 owing to their ease of application and better performance compared to dry formulations. However, both segments are projected to witness substantial growth during the forecast period.

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Mode of Application Segment Insights:

Foliar spray is anticipated to dominate the market in 2023 due to its efficiency and uniform distribution. Seed treatment is expected to witness significant growth attributed to advantages such as increased germination and pest resistance.

Crop Type Segment Insights:

Fruits & vegetables are projected to hold the largest market share in 2023 owing to urbanization and the increasing demand for organic produce. However, all segments are expected to experience significant growth during the forecast period.

Country Insights:

The U.S. is expected to lead the market in 2023, driven by declining arable land and government support for improved agricultural productivity.

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