Pesticide Manufacturing in the US
The ongoing adoption of genetically modified (GM) crops and low farmer income during the recession caused revenue volatility over the five years to 2016, and continue to remain a threat. Nonetheless, as the economy continues to recover and farmers earn higher incomes customers will encounter increased crop production and demand for pesticides. In the five years to 2021, the economy will recover and farm incomes will rise, improving demand, and the industry will gradually regain some lost revenue. However, trends that favor GM crop plantings and the use of biotech seeds are expected to continue, intensifying industry competition.
Operators in this industry manufacture household and agricultural pest control chemicals. Industry products include pesticides and agricultural chemical products, such as herbicides, insecticides, fungicides, insect repellents, sheep dips, fly sprays and flea powders. This industry does not manufacture fertilizers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook