North America Crop Protection Pesticides Market to grow at a CAGR of 5.10% during the forecast period from 2016 to 2021
The North America Crop Protection Pesticides Market has been estimated at USD 25.9 Billion in 2016 and is projected to reach USD 33.21 Billion by 2021, at a CAGR of 5.10% during the forecast period from 2016 to 2021. North American market covers various types of products being used in the farms to safeguard the crops, by controlling the population of organisms considered harmful or those that can potentially damage or adversely affect the growth of crops.
The worldwide consumption of pesticides is more than two million tons per year and North America account for 25% of the global share. They are used in crops as well as non-crop plants like turfs and ornamentals.
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The factors that are driving the North America Crop Protection Pesticides Market are increased crop yield and efficiency, growing consumer concern for food safety and increasing awareness on pesticide residue on the food they eat along with growing consumer preference for organic products and increased awareness on the ill effects of synthetic pesticides on human health. The shrinking farm lands in the North American region pose a threat to the pesticide demand.
Strict government regulation on pesticides residues on crops, banning of various pesticides along with the high product development and registration cost are the factors restraining the market growth.
North America market for Pesticides is segmented into Crop-based Application and Non-crop-based Application. Each of these segments are further sub segmented as follows: based on Crop-Based Applications- Grains & Cereals, Oilseeds and Fruits & Vegetables, based on Non-Crop-Based Applications- Turf & Ornamental Grass and Other Applications.
Pesticide Market Is also segmented into type which is further subdivided into Synthetic and Bio-pesticides. Each of these are further sub divided into Herbicides, Insecticides, Fungicides, Other Synthetic Pesticides and Bio-herbicides, Bio-insecticides, Bio-fungicides Other Bio-pesticides respectively.
Crop protection chemicals market is being dominated by herbicides, followed by synthetic fungicides
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Geographically, North America market for Pesticides is segmented into US and Canada markets. North America is the leading market for pesticides.
United States is one of the largest, as well as the fastest growing market for Pesticides.
Marrone Bio Innovations, DuPont, Arysta Life sciences, BASF, and Dow Agrosciences are the most active companies in North American Crop Protection Pesticides Market, along with American Vanguard, Cheminova, Chemtura Corp, Monsanto, Natural Industries, Bayer CropScience, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen, BioWorks
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