North America Crop Protection Chemicals Market Share, Trends, Revenue, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033

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North America Crop Protection Chemicals Market Share, Trends, Revenue, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033: SPER Market Research


 Category : Agriculture

 Published: May-2023
 Author: SPER Analyst


North America Crop Protection Chemicals Market is projected to be worth USD 34.16 billion by 2033 and is anticipated to surge at a CAGR of 12.03%.

Crop protection refers to the use of pesticides to protect a crop from pests by limiting their number and safeguarding them so that crop and yield are not harmed. Pesticides are an essential element of the agricultural business, and while it is a mature industry, there is growing awareness and demand for biopesticides to reduce environmental harm. Certain pesticides, such as glyphosate, atrazine, and chlorpyrifos, have been phased out, which is expected to increase demand for biopesticides.  Biopesticides are non-poisonous pesticides created from animals, plants, microorganisms, and minerals.

North America Crop Protection Chemicals Market Driving Factors and Challenges

North America crop protection market drivers include rising food demand, shrinking arable land due to urbanization, rising population, the need for higher crop production, increased food and health safety awareness, and advancements in farming practices and technology. North American governments are assisting farmers through subsidies and other programs, which is encouraging the uptake of crop protection chemicals. Consumers' growing concern about food safety is driving demand for crops farmed in safe and sustainable ways, which is boosting need for crop protection agents that are both effective and environmentally friendly. Organic farming is quickly expanding in North America, and organic farmers are increasingly adopting crop protection agents that are allowed for use in organic farming.

The North American Crop Protection Chemicals Market also faces various problems. Overuse of crop protection agents has resulted in pest and disease resistance, making control difficult. This resistance poses a huge issue for farmers and the crop protection chemicals sector, since it diminishes the efficiency of existing chemicals and increases the demand for new and more inventive solutions. Consumers are increasingly interested in organic and natural products, which is encouraging the development of organic farming practices. This development poses a threat to the crop protection chemicals market because organic farmers are limited to employing a specific selection of permitted treatments, and demand for conventional chemical products may drop.


Impact of COVID-19 on North America Crop Protection Chemicals Market
The COVID-19 epidemic has had both beneficial and negative repercussions on the North American Crop Protection Chemicals Market. The pandemic has affected global supply lines, forcing crop protection chemical manufacture and distribution to be delayed. This has resulted in chemical shortages and increased pricing for others. The pandemic has raised awareness about the importance of sustainable agriculture methods, and many farmers are seeking for ways to limit their reliance of chemical inputs. This has raised demand for natural and biological crop protection products. The epidemic has caused delays in the clearance process for new crop protection agents as regulatory authorities spend their emphasis on fighting the outbreak. Despite lower agricultural demand, the epidemic has resulted in increased food demand as individuals spend more time at home and consume more meals there. This has somewhat countered the decline in crop protection chemical demand.

North America Crop Protection Chemicals Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adama Agricultural Solutions Ltd., BASF SE, Bayer Crop Science, Corteva Agriscience, FMC Corporation, Monsanto Company, Nufarm Ltd, Sumitomo Chemical Co., Ltd., Syngenta AG, The Dow Chemical Company.


North America Crop Protection Chemicals Market Segmentation:

By Origin: Based on the Origin, North America Crop Protection Chemicals Market is segmented as; Bio-based, Synthetic.
 
By Type: Based on the Type, North America Crop Protection Chemicals Market is segmented as; Fungicide, Herbicide, Insecticide, Other Crop Protection Chemicals.

By Crop Type: Based on the Crop Type, North America Crop Protection Chemicals Market is segmented as; Cereals and Grains, Fruits and Vegetables, Pulses and Oilseeds, Turf and Ornamentals.

By Region: This report also provides the data for key regional segments of Canada, Mexico, United States, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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