Market Size of Canada Agrochemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.17 Billion |
| Market Size (2029) | USD 9.64 Billion |
| CAGR (2024 - 2029) | 6.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Agrochemicals Market Analysis
The Canada Agrochemicals Market size is estimated at USD 7.17 billion in 2024, and is expected to reach USD 9.64 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
- The agrochemical market in Canada is an important agriculture support industry that boosts agriculture output in the country. Since strict restrictions are a major factor in determining the market's direction, there is an increasing need to strike a balance between the prudent use of the best chemicals and reducing the impact of those uses. Innovative and eco-friendly products and solutions are emerging steadily in the country, which is anticipated to drive the market.
- Demand for healthy diets has increased the consumption of cereals, fruits, and vegetables in Canada. This has resulted in integration among growers, federal governments, and industries to improve crop yield to meet Canada's food supply requirements. While all this is done, proper care is applied to not cause any adverse effects on human safety and ecological balance. Canada is expected to exceed the United States by registering faster growth in terms of value demand because of the country's exclusive focus on revamping its agriculture sector.
- The herbicides segment in the country is growing rapidly due to the increasing incidence of weeds in major crops such as Wheat, Canola, Soybean, and Maize. Coupled with major players in the market offering numerous herbicides, the herbicide segment in Canada holds a more prominent place in the agrochemicals market.
