The
report titled “US
Agrochemical Market Outlook to 2025 – Increasing Usage of Integrated Pest
Management Activities and Bio Pesticides to Drive Market Growth” provides
a comprehensive analysis of the agrochemical industry of the US. The report
also covers overview and genesis, overall market size in terms of revenue (formulants
and technicals) and sales volume (active ingredient demand), market segmentation
by product types (herbicides, insecticides, fungicides and other pesticides)
and their sub-types, Pesticide Form (Liquid, Granules and Powder), Market
Structure (Organized and Unorganized Market) and By Type of Crops (Cereal
Crops, Fruit Crops and Vegetable Crops); trends & developments and issues &
challenges, regulatory landscape, SWOT analysis and comparative landscape
including the heat map, competition scenario, pricing analysis, cross
comparison, strengths and weaknesses, mergers & acquisitions and company
profiling of major agrochemical manufacturers. The report concludes with future
market projections on the basis of revenue (formulants and technicals) and
sales volume (active ingredient demand), by product type, form, market
structure and crop type and analyst recommendations highlighting opportunities
and cautions for both existing as well as new players.
US Agrochemical Market
Overview and Size
US
Agrochemical market grew at a limited growth rate over the review period 2013-2019
and was further driven by shift towards new, proprietary premixes & formulations
involving more than one active ingredient. During 2017, total number of farms
in the US were evaluated at 2.04 million along with a land area of 900.0
million acres. Rising demand for crop protection chemicals due to frequent outbreaks
of pest attacks on crops, resulted in heavy losses especially during monsoon. The
productivity per acre has grown steadily due to more effective / efficient
farming technologies, including greater mechanization techniques applied to
land and water management, improved methods of land preparation, planting, crop
protection, harvesting, and storage. As a result of which, New food processing,
manufacturing, and packaging techniques have resulted in a flourishing F&B
sector thus, giving a boost to crop protection pesticides for agricultural
products such as food grains, oilseeds, vegetables and fruits, which, in turn,
is driving the agrochemicals market growth. Also, entries of several foreign
players have also contributed towards the same coupled with increasing usage of
Bio pesticides in the United States.
US Agrochemical Market
Segmentation
By Product Type (Herbicides, Insecticides, Fungicides and
Other Pesticides)
Strong
growth was observed in the insecticides product segment majorly due to slight increase
in acreage for insecticide-heavy crops such as fruits and vegetables. Continued
adoption of Integrated Pest Management (IPM) techniques has limited the demand as
farmers tend to turn to insecticides as a last resort. Rising insecticide
active ingredient demand in the US was observed towards Organophosphates, Carbamates,
Pyrethroids and Neonicotinoids. Whereas on the other hand, demand for herbicides
was fueled by a growing need for more effective herbicide formulations as weeds
become more resistant to glyphosate. Apart from that, active ingredient demand
towards Atrazine, 2,4-D, S-Metolachlor, Acetochlor and Dicamba herbicides
gained traction in the US. Minimal revenue share was captured by fungicides in
the year 2019. Active ingredient demand towards Chlorothalonil and Mancozeb
fungicides. The US is a major producer of both older fungicides and newer product
types.
By Pesticide Form (Liquid, Granules and Powder)
Liquid
pesticides have a majority share in terms of revenues in the US. Since the use
of liquid pesticides is relatively easier, farmers prefer to use liquid
pesticides. Switching to liquid sprays leads to lesser wastage as compared to
other forms. Majorly, liquid spray is used in the spring (April, May and Early
June) and fall (September, October and Mid-November) to get weed control. On
the other hand, granules & powder pesticide-form collectively captured low revenue
share as their usage is minimal and highly dependent based on weather conditions.
By Market Structure (Organized and Unorganized Market)
Organized
sector was observed to be higher in terms of revenue owing to the updated set
of government authorities and their regulations and number of checks performed
at multiple stages. As farmers tend to use local and authenticated products,
agro-chemical companies go through the stringent processes in order to get
approvals for the same and establish their brand the country. The unorganized
market players do not have distributors and instead directly sells to the
farmers. Additionally, there products are not approved by any sort of regulator
and the government.
By Crop Type (Cereal, Fruits, Vegetables and Others)
Cereal
crops has contributed the most in the overall agrochemical market revenues in the
year 2019, with corn and soybean grown the most in the US. Major pesticides
used in cereal crops (corn, soybean and others) are herbicides. Over 95% of US
corn acreage is treated at least once per growing season with pesticides. In case
of Fruit based crops, both herbicides and insecticides are used for crop
protection. Major fruit and nut crops include oranges, peanuts, grapes and
apples. Unlike major field crops, a fruit orchard requires insecticide at least
once or twice per season in a year. Pesticides are effective in combating
against pests and increase the yield of the fruits. Most grown vegetable crops
in the US include potato, tomato and sugarcane. Vegetables (including potatoes)
do not account for a large proportion of herbicide and insecticide usage
however, they are the largest end use for agricultural fungicides.
Snapshot on US Bio-Pesticide Market
Biopesticides market in the US was identified in an
early growth stage. Dominance of chemical pesticides has limited desired level
of usage, given that the commercialization of new products in the market is
lagging behind. Bio-pesticides on the other hand, are gaining traction in the
global research community. Over 200 biopesticide product types
are sold in the US, compared to the 60 analogous products in the European Union
(EU) market. Development of the bio-pesticides is strongly related to research
on biological control agents. Nanoformulations and microencapsulation
technologies can improve the stability and residual action of biopesticide
products, and this could increase their field use over long term.
Competitive Landscape in US Agrochemical Market
Competition stage was observed to be moderately concentrated,
with leading 5 players collectively capturing over half of total market share
in terms of revenue contribution during 2019. Nevertheless, the local /
domestic players have presence in the market and are competiting on the basis
of product pricing, quality and reliability, manufacturing facilities, research
and development, product portfolio / variants, clientele / end user,
distribution network and geographical reach. Because of the presence of several
major pesticide producers, United States is net exporter of pesticide products.
Major pesticide producers have either launched variety of genetically modified
seeds, or are in the process of developing a new variety of pesticides. Major
mergers and acquisitions in the US crop protection space have provided
international players with a competitive edge over local players. For instance,
Bayer acquired Monsanto in 2018, Syngenta acquired Adama in 2017 and Strider in
2018.
US Agrochemical Market
Future Outlook and Projections
Due ot the
COVID-19 pandemic, US agrochemical market growth will get affected on a short
term basis owing to loss of many existing crop protection products. Continued
decline in the rate of new product introductions, growth of off-patent
manufacturers will also cause a negative impact. Apart from that, consolidation
of farms and farmland is likely to happen after COVID-19 in the United States.
The agrochemical market may witness a boost due to expected investments in
biologicals caused by manufacturer shift to food security and sustainable crop
production thus, ensuring efficient supply chains. As a result, this should in
turn drive interest towards new product formulations for biopesticides and
biostimulants. The trade dispute between China and USA remains the most
significant political factor impacting the agriculture industry. As the arable
land deficit grows and agricultural practices become more efficient, government
focus may shift from use of agrochemicals to other aspects which can increase
the longevity of arable land without harming the environment. Factors such as growing
demand for corn and soybeans will likely maintain strong total input
requirements, even if usage per acre decreases due to rising costs and adoption
of better practices.
Key Segments Covered:-
Product Type
Herbicides
Glyphosate
Atrazine
2,4-D
S-Metolachlor
Acetochlor
Dicamba
Others
Insecticides
Organophosphates
Carbamates
Pyrethroids
Neonicotinoids
Other
Fungicides
Chlorothalonil
Mancozeb
Other
Other Agricultural Pesticides:-
Fumigants
Defoliants
& Desiccants
Rodenticides
Nematicides
All Others
Pesticide Form
Liquid
Granules
Powder
Market Structure
Organized
Market
Unorganized
Market
Crop Type
Cereal
Fruits
Vegetables
Others
Key Target Audience:-
Venture
Capitalist Firms
Agrochemical
Manufacturers
Raw
Material Suppliers
Research
& Development Institutes
Government
Bodies & Regulating Authorities
Herbicide
Manufacturers and Distributors
Insecticide
Manufacturers
Fungicides
Manufacturers
Time Period Captured
in the Report:-
Historical Period: 2013-2019P
Forecast Period: 2019P–2025F
Companies Covered:-
Bayer
Syngenta
BASF
Corteva
Agriscience
FMC
Corporation
Others
(ADAMA Agricultural Solutions, DOW Chemical, Du Pont, Monsanto, Nufarm and
Sumito Chemical)
Key
Topics Covered in the Report:-
Executive
Summary - US Agrochemical Market
Socio
Economic Overview
Country
Overview
Cross
Comparison of Countries (US, Canada, Mexico, Argentina and Brazil) – Crop
Production Summary (Wheat, Coarse Grains, Corn, Barley, Oats, Rye, Sorghum,
Rice, Oilseed, Soybean, Cottonsead, Peanut, Sunflowerseed, Rapeseed and cotton)
Need,
Opportunity and Industry Size of Agrochemical Market
US
Agrochemical Market Constraints
Trends
and Developments in the US Agrochemical Market
Selected
Digital Technology Trends in the Agrochemical Industry
Agricultural
Overview in the US
US
Agrochemical Market Industry Life Cycle
US
Agrochemical Market Size by Revenue (Formulants and Technicals) and Volume
(Agricultural Pesticide Active Ingredient Demand), 2013-2019P
Demand
& Supply Side Ecosystem, Preferences & Trends across End Users Market
Overview
of Agricultural Pesticide Supply and Demand
Ecosystem
for Agrochemical Market in the US
Value
Chain Analysis
US
Agrochemical Market Segmentation
Snapshot
on US Biopesticide Market
Trade
Scenario in US Agrochemicals Market, 2017-2018
Comparative
Landscape in US Agrochemical Market
Regulatory
Landscape in US Agrochemical Market
SWOT
Analysis
Decision
Making Process by Farmers before Purchasing Agrochemicals in the US
Industry
Restructuring in the US Agrochemical Market
US
Agrochemical Market Future Outlook and Projections, 2019P-2025F
Analyst
Recommendations
Appendix
/ Research Methodology
For More Information on
the research report, refer to below link:-
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