Market Trends of north america crop protection chemicals Industry
The need to increase the yield of the crops is majorly driving the usage of pesticides
- In 2022, the average pesticide consumption per hectare of agricultural land in North America was recorded at 9.2 kg per hectare. Herbicides recorded the highest rate of application, with 5.7 kg per hectare in 2022. Conservation tillage practices like no-till and reduced-till farming have become increasingly popular in North America due to their positive impact on the environment and soil health. Between 2012 and 2017, the United States, Canada, and Mexico witnessed a 35% decline in farms practicing intensive tillage. However, this shift has led to a greater dependence on herbicides as a means of effectively controlling weeds.
- The average per-hectare consumption of fungicides was 1.8 kg in 2022. From 2016 to 2019, the United States and Canada experienced an average economic loss of USD 138.13 per hectare due to decreased corn yields caused by fungal diseases. These substantial financial losses have driven farmers to use more chemical fungicides to safeguard their crops and mitigate the impact on their earnings. Consequently, the higher demand for fungicides to manage and control disease outbreaks has led to increased chemical inputs in agriculture.
- The per-hectare consumption of insecticides was recorded at 1.5 kg in 2022. According to the data provided by the FAO Statistics, the yield of eggplant, which is one of the most grown crops in Mexico, decreased from 793.0 kg per hectare in 2019 to 785.0 kg per hectare in 2021, the years where the insecticide consumption was reduced. The aim to increase the yield of the crops is majorly driving the usage of insecticides in the region. Similarly, the usage of nematicides and molluscicides increases with the increasing infestation and yield losses in agricultural farms.
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The prices of pesticides are expected to grow in the coming years owing to the increasing raw material prices and growing demand
- In 2022, cypermethrin was valued at USD 21.1 thousand per metric ton. Its widespread utilization in agriculture owes to its proficiency in managing diverse insect varieties, such as aphids, beetles, spotted ball worms, pink ball worms, early spot borers, and hairy caterpillars. Its proven efficacy has elevated its popularity among farmers aiming to protect their crops from pests and secure a fruitful yield.
- Atrazine, a systemic herbicide classified under the chlorinated triazine group, is employed to specifically target and manage annual grasses and broadleaf weeds before they sprout. Herbicide formulations containing atrazine are approved for application on a range of crops, like corn, sweet corn, sorghum, sugarcane, wheat, macadamia nuts, and guava. In 2022, atrazine was recorded at USD 13.8 thousand per metric ton.
- Malathion is an organophosphate insecticide used to control a wide variety of food and feed crops to control many types of insects, such as aphids, fleas, leafhoppers, Japanese beetles, and other insect pests on several crops. Five crops that are extensively grown in the United States that use malathion frequently are cherry tomato, broccoli, mulberry, cranberry, and fig. Malathion was valued at USD 12.6 thousand per metric ton in 2022.
- Mancozeb is a broad-spectrum contact fungicide, which is labeled for application on numerous fruit, vegetable, and field crops within the United States. It protects against a wide spectrum of fungal diseases, including potato blight, leaf spot, scab, and rust. It fulfills the role of seed treatment for crops like potatoes, corn, sorghum, tomatoes, and cereal grains. Its market price for 2022 achieved a value of USD 7.8 thousand per metric ton.
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