North America Crop Protection Chemicals Market to be Worth $14.08 Billion by 2030
North America Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides], Biological [Bioinsecticides, Bioherbicides]), Formulation (Liquid, Dry), Mode of Application (Seed Treatment, Soil Treatment), Crop Type – Forecast to 2030
In terms of value, the North America crop protection chemicals market is expected to reach $14.08 billion by 2030, at a CAGR of 4% from 2024 to 2030, while in terms of volume, the market is expected to reach 1,299,600.5 tons by 2030, at a CAGR of 3% from 2024 to 2030. The growth of this market is driven by the growth in organic farming & the rising demand for organic food, increasing awareness about environmental safety, rising government initiatives to promote the use of biopesticides, increasing demand for low-cost crop protection solutions, and rapidly decreasing arable land. Furthermore, an increasing focus on integrated pest management and the growing adoption of biological seed treatments are expected to provide significant growth opportunities for players operating in this market. However, lack of awareness and low adoption rate of biological crop protection chemicals and stringent and non-standardized regulations hinder the growth of this market. On the other hand, the lengthy product registration and approval process is the key challenge of this market.
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