Please Wait.....
Report
North America Agrochemicals - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 121 Pages I Mordor Intelligence
The North America Agrochemicals Market size is estimated at USD 37.91 billion in 2024, and is expected to reach USD 46.36 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029).
Due to the emergence of the COVID-19 pandemic, there has been a supply chain disruption as the agricultural sector had to face labor unavailability, transportation barriers, restriction on market access, and a lack of inventories in some regions. Many fertilizer and pesticide manufacturers have faced issues due to a lack of raw material availability, which has led to the reduction of various agrochemical product manufacturing. Thus, COVID-19 has caused a negative impact on the North American agrochemicals market.
Over the medium-long term, the changing production techniques and the need for increasing productivity would drive the market. There is a need not just to increase production to meet demand but also to ensure that the nutritional needs of an increasingly affluent population are met. Application of agrochemicals had become critical to boosting production amid shrinking arable land and loss of crops due to pest attacks, leading to wastage.
The agrochemicals industry in the region has been transforming over the years, with robust growth, coupled with changing crop mix trends and environmental regulations. Regulation plays an important role in this sector, which has resulted in the emergence of innovative eco-friendly production methods in the agrochemical market.
The United States holds the larger chunk of the market. According to the FAO, the agricultural use of nitrogen fertilizers in the United States increased from 11,581.7 thousand metric ton in 2017 to 11,672.4 thousand metric ton in 2019. Agriculture use of pesticides stood at 407,779 metric ton in 2019 and has remained stable over the past few years. Alongside the growing demand for nutritional food, the need for enhancing production and productivity has arisen. This would essentially compel farmers to apply fertilizer and pesticides to avoid crop loss.
The market is characterized by major players strengthening the market share through unique product launches to cater to the problems dealt with by farmers. For instance, in 2021, BASF Canada Agricultural Solutions (BASF) received Health Canada PMRA label expansion for Serifel. Serifel is now approved for use on a range of fruit, leafy, root, cucurbit vegetables, and berries, which was previously registered for use in targeting powdery mildew and botrytis in grapes.
North America Agrochemicals Market Trends
Rapid Adoption of Bio-based Agrochemicals
Although the prevalence of synthetic or chemical pesticides continues in the region, an emerging preference for biological pesticides has been observed in recent years, primarily due to the rapid adoption of sustainable agricultural practices, such as integrated pest management (IPM) techniques and organic farming. Bio-based agrochemical products that can improve yield and positively affect harvest grade and sizing in specialty crops, along with shelf life and nutritional quality, are gaining interest.
According to the USDA, in the 2019 Organic survey, there were 16,585 certified organic farms, a 17% increase from 2016, which accounted for 5.5 million certified acres, an increase of 9% over 2016. The organic farmland increased from 3.13 hectares to 3.65 hectares. As the farmland increased, the sales of certified organic products increased. US farms and ranches sold nearly USD 7.60 billion in certified organic goods in 2019. Further, Canada's area under organic farmland increased from 1.19 million hectares in 2017 to 1.42 million hectares by 2020, according to the Research Institute of Organica Agriculture(FiBL).
One of the key factors driving the biopesticides market is greater investment in R&D since the major agrochemical companies are increasing their investments in the research and development of new and improved biological solutions. For instance, Seipasa, a Spanish company specializing in developing and manufacturing biopesticides, biostimulants, and fertilizers for agriculture, received approval to register three new phytosanitary products in Mexico in 2020. The products registered include Pirecris (bioinsecticide), Seipa System (biofungicide), and Seican (triple mode action product).
Therefore, a rapid rate of adoption of organic farming, along with the active participation of the players in introducing new products, is expected to drive the overall agrochemicals market during the forecast period.
The United States Dominates the Market
According to a study conducted by the United States Department of Agriculture, in accordance with Environmental Protection Agency(EPA), chlorpyrifos and acephate are the most commonly used pesticide active ingredients in the country's agricultural sector.
Currently, corn, soybeans, wheat, and cotton account for the largest use of agrochemicals in the US market. As reported by FAO, soybean yield increased from 31,875 kg/ha in 2019 to 33,785 kg/ha in 2020. According to National Agricultural Statistics Service (NASS), about 96% of the soybean crop is grown in the mid-west states of the country.
Montana is one major crop growing area in the western region of the country, with maximum land contributed to wheat cultivation. As per NASS, the use of potash in wheat cultivation increased from 40lbs/acre in 2017 to 46lbs/acre in 2019. This indicates the extensive use of agrochemicals, proposing a lucrative in the concerned region.
Thus, as a leading producer of corn, soybeans, and wheat, the country is also a large consumer of fertilizer. However, with increased technology and innovation for on-farm products, the use of fertilizer in the United States is anticipated to be optimized over the coming years.
North America Agrochemicals Industry Overview
The North American agrochemical market is a highly consolidated market, with the major players accounting for a major share in the market in 2021. Companies such as Archer Daniels Midland Company (ADM), BASF SE, Bayer CropScience AG, Syngenta AG, Yara International ASA, Corteva Agriscience, and FMC Corporation are the major players in the market. These players compete to hold a consistent share in the market through various strategies such as mergers and acquisitions, partnerships, expansions, and product launches.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Intensity Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Fertilizers
5.1.2 Pesticides
5.1.3 Adjuvants
5.1.4 Plant Growth Regulators
5.2 Application
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Turf and Ornamentals
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 UPL Limited
6.3.2 Bayer Cropscience AG
6.3.3 BASF SE
6.3.4 Corteva Agriscience
6.3.5 Archer Daniels Midland Company (ADM)
6.3.6 FMC Corporation
6.3.7 Adama Agricultural Solutions
6.3.8 Gowan Company
6.3.9 Nufarm Ltd
6.3.10 Syngenta AG
6.3.11 Yara International ASA
7 MARKET OPPORTUNITIES AND FUTURE TREND
8 AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security