Agrochemicals Market - By Type and Application - United States Market Shares, Forecasts and Trends (2020 - 2025)

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United States Agrochemicals Market Insights

Agrochemicals widely involve fertilizers, pesticides, hormones and plant growth regulators (PGR) enabling plant and soil protection, improved yield, maintenance and improved growth process of plants. The agrochemicals market in the United States is estimated to grow at a CAGR of 4.5% during 2017-2022.

United States Agrochemicals Market Dynamics

Being one of the most commercialized and industrialized agrochemicals markets globally, the US’s market growth depends on the need for the land productivity of agriculture fields while keeping intact the soil health. For that, development of noble and safe products would be essential. Corn growers both for food consumption purpose and biofuel production consume the majority of agrochemical products in the US.

United States Agrochemicals Market Segmentation

The US represents the largest agrochemicals market in North America followed by Canada and Mexico.  In terms of end-use area, crop-based applications of various agrochemicals in the region would be dominant with regard to volume consumed and value demanded, as well as with regard to recording a faster growth compared to non-crop-based applicationsCereals and grains like maize, wheat and oil seed crops consume the majority of inputs here.

Key Players in the United States Agrochemicals Market

Bayer AG is the largest agrochemical producer in the world. Some of the big names include Yara International ASA, BASF, Bayer Crop Science, MakhteshimAgan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Agrium,CF Industries Holdings, Potash Corporation etc. Players here try to be ahead of the competition through effective pricing and product portfolio expansion.

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