North America Agrochemicals Market Size & Outlook
North America agrochemicals market, 2018-2030 (US$M)
Related Markets
North America agrochemicals market highlights
- The North America agrochemicals market generated a revenue of USD 37,230.3 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 37,230.3 million |
| Market revenue in 2030 | USD 53,172.2 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Fertilizers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 13.7% of the global agrochemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,353.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 65.97% in 2023. Horizon Databook has segmented the North America 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.
The North America agrochemicals market accounted for a market share of 19.5% in 2020 in terms of volume. Increasing focus on the agricultural activities in the countries such as the U.S. and Canada is driving the agrochemicals market in North America.
This region, due to stringent environmental regulations, is expected to be the largest market for organic agrochemicals including bio-fertilizers and bio-pesticides. Growing dairy industry, coupled with favorable climatic conditions for crops such as corn and maize has been the key driver of the market in this region.
The agrochemicals product segment was dominated by fertilizers in 2020. Growing demand for food grains and shrinking arable land every year have been the major drivers boosting fertilizer demand in North America.
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Agrochemicals Market Scope
Agrochemicals Market Companies
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North America agrochemicals market size, by country, 2018-2030 (US$M)
North America Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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