Canada Agrochemicals Market Size & Outlook, 2023-2030
Canada agrochemicals market, 2018-2030 (US$M)
Related Markets
Canada agrochemicals market highlights
- The Canada agrochemicals market generated a revenue of USD 7,182.5 million in 2023 and is expected to reach USD 10,168.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Fertilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 7,182.5 million |
| Market revenue in 2030 | USD 10,168.6 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Fertilizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Other Products |
| Key market players worldwide | Clariant AG, Basf SE, Huntsman Corp, Bayer AG, Dow Inc, Solvay SA, Nufarm Ltd, Evonik Industries AG, Croda International PLC, Helena Laboratories, Ashland Inc, FMC Corp, ADAMA Agricultural Solutions, Stepan Co |
Other key industry trends
- In terms of revenue, Canada accounted for 2.6% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 39,002.2 million by 2030.
Fertilizers was the largest segment with a revenue share of 70.07% in 2023. Horizon Databook has segmented the Canada agrochemicals market based on fertilizers, crop protection chemicals, plant growth regulators, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Canada accounted for a market share of 19.2% in the North America agrochemicals market in terms of volume. According to FAO, the country is among ten major pesticide consumers in the world.
The pesticide consumption in the country increased from 39.6 thousand tons in 2000 to 87.6 thousand tons in 2019. The increase in the consumption of pesticides such as herbicides, insecticides, fungicides, in the country is a key driving factor for the agrochemicals.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada agrochemicals market size, by product, 2018-2030 (US$M)
Canada Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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