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North America Agrochemicals Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2015 – 2020)

Agrochemicals are profoundly used in the agricultural land to improve the overall productivity. This is achieved through improving the crop soil condition or protecting it from various pest and disease infestations. Agrochemicals widely involve fertilizers, pesticides, hormones and plant growth regulators (PGR) enabling plant and soil protection, improved yield, maintenance and improved growth process of plants. The agrochemicals market in North America is estimated to grow at a CAGR of 4.0% during 2015-2020. Being one of the most commercialized and industrialized agrochemicals market globally, the regional market growth depends on the need of land productivity of agriculture fields while keeping intact the soil health. For that, development of noble and safe products would be essential. Integrated approach to farming is the way ahead for the industry’s sustenance. Integrated approach to farming is the way ahead for the industry’s sustenance. Environmental and regulatory constraints, popularity of natural and eco-friendly alternatives, conflict on the use of GM crops are the major issue faced by the industry here. The North American agrochemical industry is segmented product wise and region wise. In product segment, nitrogenous fertilizers form the largest share of fertilizer market. Pesticides market is currently lead by herbicides products (covering 41.5%) followed by fungicides and insecticides. Rice, wheat, corn, fruits and vegetables, sugarcane, and cotton are the major crop varieties consuming agrochemicals like pesticides, fertilizers etc. US represent the largest agrochemicals market in North America followed by Canada and Mexico. Canada is expected to exceed the US by posting a faster growth in terms of value demand as the country is focusing more on its agriculture sector growth. In terms of end-use area, crop-based applications of various agrochemicals in the region would be dominant in regard to volume consumed and value demanded, as well as in regard to recording a faster growth compared to non-crop-based applications. Cereals and grains like maize, wheat and oil seed crops consume majority of inputs here. Given to the large operational area and never ending need of the agrochemical industry, many market players and companies have entered the industry lately. The industry is concentrated within six major manufacturers covering majority of market share; Bayer AG is the largest agrochemical producer in the world. Some of the big names include-Yara International ASA, BASF, Bayer Crop Science, Makhteshim Agan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Agrium,CF Industries Holdings, Potash Corporation etc. In this report we offer • Market analysis for the North America Agrochemicals Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the North America Agrochemicals Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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