Canada Agrochemicals Market - By Type and Application - Market Shares, Forecasts and Trends (2017 - 2022)
The agrochemicals market in Canada is estimated to grow at a CAGR of 4.2% during 2015-2020.
Canada Agrochemicals Market Dynamics
Demand for healthy diets has increased the consumption of cereals, fruits and vegetables in Canada. This has resulted in integration among growers, federal governments and industries to improve the crop yield to meet Canadaâ€™s food supply requirements. While all this is done, proper care is applied for not causing any adverse effects to human safety and ecological balance. Canada is expected to exceed the US by posting a faster growth in terms of value demand because of countryâ€™s exclusive focus on revamping its agriculture sector.
Canada Agrochemicals Market Segmentation
Nitrogenous fertilizers form the largest share of the fertilizer market. Pesticides market is currently lead by herbicides products followed by fungicides and insecticides.
In terms of end-use area, crop-based applications of various agrochemicals would be dominant with regard to volume consumed and value demanded, as well as with regard to recording a faster growth compared to non-crop-based applications.
Key Players in the Canadian Agrochemicals Market
Given the large operational area and never ending need of the agrochemical industry, many market players and companies have entered the industry. The industry is concentrated within six major manufacturers covering the majority of market share. 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.
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