Research and Markets: North America Crop Protection Pesticides Market – Growth, Trends and Forecasts (2015-2020)
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/xfcvr7/north_america) has announced the addition of the “North America Crop Protection Pesticides Market – Growth, Trends and Forecasts (2015-2020)” report to their offering.
The worldwide consumption of pesticides is more than two million tons per year and North America account for 25% of the global share. Consumption of pesticides in North America, estimated at 817.9 thousand tons in 2014, is expected to maintain a 2015-2020 CAGR of 5.3% and reach a projected 1.1 million tons by 2020. In terms of value, demand for Pesticides in the region is projected to reach US$28.4 billion by 2020 from an estimated US$19.7 billion in 2014 by posting a CAGR of 6.3% between 2015 and 2020.
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.
The North America region with the introduction of NAFTA has reduced the trade tussles between the member countries. However, there is still a product price gap between the US and Canadian region; increasing cost for the Canadian and Mexico growers. 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. Some of the restrains the region faces is : increasing cases of violation of residue limits, conflicts on the use of GM crops and many regions (Canada) facing a major pesticide ban.
Key Topics Covered:
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
- Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries Ltd) (Israel)
- American Vanguard Corporation (United States)
- Bayer CropScience AG
- Chemtura AgroSolutions
- Dow AgroSciences LLC
- FMC Corporation
- IsAgro Spa
- Marrone Bio Innovations Inc
- FMC Corporation (United States)
- Monsanto Company (United States)
- Natural Industries -Novozymes (United States)
For more information visit http://www.researchandmarkets.com/research/xfcvr7/north_america
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Sector: Agrochemicals and Fertilisers