United States crop protection chemicals (Pesticides) market- Growth, Trends, Forecast for the period (2017 - 2022)
The worldwide consumption of pesticides is more than two million tons per year and North America account for 25% of the global share. Pesticides constitute the largest category within the market for crop protection chemicals, with Biopesticides accounting for a comparatively minute share. Volume consumption of pesticides in the United States is forecast to register a CAGR of 5.3% between 2015 and 2020, while value demand is likely to post a CAGR of 6.3% over the same period.
The major drivers in the market include growing consumer concern for food safety and increasing awareness on pesticide residue on the food they eat. Growing consumer preference for organic products and increased awareness on the ill effects of synthetic pesticides on human health is driving the Biopesticides market. While the shrinking farm lands in the North American region while pose a threat to the pesticide demand, the advantage of improved crop yield will drive the market.
Overall demand and consumption of pesticides in the US has recorded declines from the past due to various factors, such as causing harm to human, animal and environmental health. Some of the restrains the region faces is: increasing cases of violation of residue limits, and conflicts on the use of GM crops. In US, Pesticides must be registered by the US Environmental Protection Agency (EPA) before they can be sold. EPA can register only pesticides that will have no unreasonable adverse effects on the environment or human health. Yet, there have been several incidences reported of pesticide exposure. Harm also occurs because pesticides are reviewed only every fifteen years, leaving long lag times between science and regulations.
The Pesticide market is segmented as Synthetic Pesticides and Biopesticides. The pesticide types include Herbicide, Fungicide, Insecticide and other products. Though a larger share is cornered by Synthetic Pesticides in terms of volume consumed, growth for Biopesticides is expected to be faster with a 2015-2020 volume compounded annual rate of 14.4%.. Herbicides are the largest market in synthetic and Biopesticides and are used to treat even tough broadleaf weeds. Based on Application, pesticides find use in Crop likes cereals, oil seeds, fruits and vegetables and Non crop based use in turf and ornamental grass, largely used in sport fields and domestic purposes. Crop-based applications form the largest end-user of pesticides in the United States, as also the faster growing.The players covered in this report include ADAMA, AMVAC, BASF, Bayer crop science, Dow Agro science, Marrone bio Innovations, FMC corporation among others
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Market Definition for the specified topic along with identification of key drivers and restraints for the market. Market analysis for the US Crop protection chemicals (Pesticides) market, with region specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenarios, rising opportunities and global consumer trends. Extensively researched competitive landscape section with profiles of major companies along with their share of markets. Identification and analysis of the Macro and Micro factors that affect the US Crop protection chemicals (Pesticides) market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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