North America Insecticides Market - Forecast(2024 - 2030)

Report Code: CMR 1334 Report Format: PDF + Excel

North America Insecticides Market Overview  

North America Insecticides market size is forecast to reach US$5.6 billion by 2027, after growing at a CAGR of 4.3% during the forecast period 2022-2027. Insecticides such as organophosphate, carbamates, nicotinoids, neonics, aldicarb, others are frequently used in a variety of applications because they provide significant benefits such as higher crop yields due to defoliation disease protection, reduced spoiling of stored foods, and more. The North American insecticide market growth is primarily driven by the agriculture sector growth. Moreover, the building infrastructure sector growth in North America is expected to fuel the demand for insecticides. This, in turn, will drive the market growth in the forecast period of 2022-2027. However, in 2020, the North American countries were under lockdown due to the surge in the Covid-19 pandemic, which impacted the agriculture, industrial and other sectors. This resulted in losses for the North America insecticides market. In 2021, the ease of restriction resulted in agriculture industrial output growth. For instance, according to the United States Department of Agriculture (USDA), in 2021, the production of food crops in North America was 532.3 metric tons, an increase of 1% over 2020. Thus, the surge in food crop production benefited the market growth in North America.  

Report Coverage 

The " North America Insecticides Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the North America Insecticides Market. 

By Form: Solid (Dust, Granules, Baits, Capsules, Wettable Powders, Others), Liquid (Emulsifiable Concentrate, Solution, Suspension Concentrates, Others), Gaseous (Aerosol, Fumigant, Mists, Others) 
By Type: Organochlorine, Organophosphate, Organosulfur, Carbamates, Formamidines, Dinitrophenols, Organotins, Pyrethroids, Nicotinoids, Spinosyns, Pyrazoles, Pyridazinones, Others 
By Application: Foliar Spray, Seed Treatment, Soil Treatment, Post-harvest 
By End-Use Industry: Agriculture (Food Crops (Wheat, Maize, Others), Cash Crops (Sugarcane, Oilseeds, Soybeans, Others), Horticulture Crops (Fruits Vegetables), Plantation Crops (Tea, Coffee, Others)), Building Infrastructure (Residential (Row Houses, Independent Houses, Apartments) Non-residential (Commercial (Schools, Offices, Restaurants, Hospitals, Hotels, Others) Industrial (Warehouses, Factories, Others)), Others 
By Country: USA, Canada, Mexico  

Key Takeaways 

  • USA country dominated the North America insecticides market, owing to the growing food crop production in the region. For instance, according to the United States Department of Agriculture (USDA), in 2021, the production of food grains in the USA was 449.6 million metric tons, an increase of 5.1% over 2020. 
  • The commercial residential construction project growth in the North American region will drive the demand for the insecticides in upcoming years to protect the building from insects, this will create an opportunity for the market growth in the projected forecast period. 
  • Moreover, the expansion strategies adopted by the North American insecticide manufacturers are monetarily benefiting the market growth. 
  • However, the restriction imposed by the respective federal governments of North America will restrict the market growth in North America in upcoming years.        

Figure: USA Insecticides Market Revenue, 2021-2027 (US$ Billion)

North America Insecticides Market

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North America Insecticides Market Segment Analysis – By Type 

The organophosphate segment held the largest share in the North America insecticides market in 2021 and is forecasted to grow at a CAGR of 5.0% during the forecast period 2022-27. Organophosphate insecticides eliminate insects by blocking the cholinesterase enzyme, which is critical for nervous system function. These are essentially important against insects such as mites aphids. Organophosphates insecticide is absorbed through the roots and can be applied by impregnating the soil or spraying it on the leaves. These are utilized in agriculture, gardens and residential areas. As a result, increased demand for organophosphate in a variety of applications is driving market expansion.      

North America Insecticides Market Segment Analysis – By End-use Industry  

The agriculture segment held the largest share in the North America insecticides market in 2021 and is forecasted to grow at a CAGR of 5.2% during the forecast period 2022-27. The insecticides are employed in the crops such as wheat, rice, more in the soil amendment application. The utilization of insecticides is crucial because it protects the crop against insects. Factors such as surging demand for food crops, increasing measures for food security, surging production of cash crops in the North American region are fueling the agriculture industry growth. For instance, according to the US Department of Agriculture, in 2021 the total wheat production in North America was 87.59 million metric tons, by 2022 end it will be 102.06 million metric tons, an increase of 16.52%. Hence, the growing agriculture production in North America is fueling the demand for insecticides, which is accelerating the North American insecticide market growth.      

North America Insecticides Market Segment Analysis – By Country 

USA country is the dominating country as it holds the largest share in the North America insecticides market in 2021 up to 60%. The agriculture sector growth in the USA is vital for the maintenance of the food security in the country, higher agriculture trade, others. These factors are critical for the growth of the agriculture industry in the country. For instance, according to the US Department of Agriculture, in 2020, the total coarse grain production in the USA was 372.89 million metric tons, in 2021, it was 398.71 million metric tons, an increase of 6.9%. Moreover, in 2020, the total oilseeds production in the USA was 124.52 million metric tons, in 2021, it was 130.54 million metric tons, an increase of 4.8%. Also, in 2020, the total soybean production in the USA was 114.75 million metric tons, in 2021, it was 120.71 million metric tons, an increase of 5.2%. Thus, the agriculture sector growth in the USA is propelling the demand for insecticides, which, in turn, is fueling the market growth.       

North America Insecticides Market Drivers 

Increasing Crop Production Within the Same Area of Arable Land  

Insecticides have an important role in increasing crop yield on the same cultivable land by protecting crops from insects and offering resistance to bacterial fungal diseases, among other things, which is why they are frequently employed in agricultural production. Agriculture output has expanded in recent years. However, the majority of this expansion has been driven by a higher yield per unit area rather than increasing planted area. Annual agricultural productivity yield should be increased within the same quantity of arable land by 2030. According to the Food Agriculture Organization (FAO), North American agricultural production on the same fertile land will increase by 11% between 2021 and 2030. To increase crop output on the same amount of arable land, the demand for insecticides will rise significantly, this, in turn, will propel market expansion over the forecast period. 

Expansion Strategies Adopted by Insecticides Manufacturers Based in North America 

Insecticide manufacturers based in North America are substantially investing in expansion strategies to increase their presence in the North American market. For instance, in May 2020, Corteva Agriscience's Closer insecticide expanded in Canada, with insecticide management alternatives to Canadian fruit vegetable growers. Closer insecticide's recent label expansion is beneficial for farmers seeking increased access to a highly effective product that controls insects at all phases of growth, as many producers are looking for a single solution capable of treating more than one pest problem. Therefore, such expansion strategies adopted by the North American insecticide manufacturers are monetarily benefiting the market growth in the region. 

North America Insecticides Market Challenges 

Availability of Substitute Products 

The insecticides are used in the foliar spray application to prevent the roots of the crops from the toxicity of iron, aluminum, manganese, this results in enhanced yield production. However, the increasing bio natural fertilizer markets, on the other hand, are the primary restraints facing the insecticide industry growth in North America. Inorganic insecticides are chemical pesticides that are damaging to both the environment and the people who use them. Insecticides are harmful to humans animals when they invade their interior organs, causing disease death. Thereby, the increased adoption of biofertilizers as chemical-free alternatives is limiting the market's potential in North America. 

North America Insecticides Industry Outlook 

Technology launches, acquisitions, increased R&D activities are key strategies adopted by players in the North America insecticides market. North America insecticides top 10 companies are: 

  1. BASF SE 
  2. Bayer CropScience AG 
  3. ADAMA Agricultural Solutions 
  4. Syngenta AG 
  5. Corteva Agriscience 
  6. FMC Corporation 
  7. Nufarm Ltd 
  8. Sumitomo Chemicals America Inc. (Valent Group) 
  9. American Vanguard Corporation 

Recent Developments 

  • In December 2020, Syngenta, based in the United States, launched?Spiropidion, a novel new insecticide?active ingredient. The method will increase yields by protecting a wide variety of crops from harmful difficult-to-control sucking pests in a targeted, effective, environmentally friendly manner. 
  • In May 2020, FMC, an insecticide manufacturer located in the United States, introduced a new pre-mix insecticide. The product can be used in soybeans, sweet corn, cotton, peanuts, potatoes. 
  • In January 2019, BASF introduced Sefina, an insecticide, for use in Canadian soybeans potatoes. Sefina demonstrated extended control of up to three weeks against additional aphid pests that have gained resistance to conventional insecticides in research commercial trials across Canada the United States. 

Relevant Reports

Report Code: CMR 14141? 

Report Code: CMR 0349

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1. North America Insecticides Market: Market Overview
    1.1 Definitions and Scope
2. North America Insecticides Market- Executive Summary 
    2.1 Key Trends by Form 
    2.2 Key Trends by Type  
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Country
3. North America Insecticides Market– Comparative analysis  
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. North America Insecticides Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. North America Insecticides Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. North America Insecticides Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. North America Insecticides Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. North America Insecticides Market-By Form (Market Size –US$ Million/Billion) 
    8.1 Solid  
        8.1.1 Dust 
        8.1.2 Granules 
        8.1.3 Baits 
        8.1.4 Capsules 
        8.1.5 Wettable Powders 
        8.1.6 Others 
    8.2 Liquid  
        8.2.1 Emulsifiable Concentrate 
        8.2.2 Solution 
        8.2.3 Suspension Concentrates 
        8.3.4 Others 
    8.3 Gaseous  
        8.3.1 Aerosol 
        8.3.2 Fumigant 
        8.3.3 Mists  
        8.3.4 Others 
9. North America Insecticides Market-By Type (Market Size –US$ Million/Billion) 
    9.1 Organochlorine 
    9.2 Organophosphate 
    9.3 Organosulfur 
    9.4 Carbamates 
    9.5 Formamidines 
    9.6 Dinitrophenols 
    9.7 Organotins 
    9.8 Pyrethroids 
    9.9 Nicotinoids 
    9.10 Spinosyns 
    9.11 Pyrazoles 
    9.12 Pyridazinones 
    9.13 Others 
10. North America Insecticides Market-By Application (Market Size –US$ Million/Billion) 
    10.1 Foliar Spray 
    10.2 Seed Treatment 
    10.3 Soil Treatment 
    10.4 Post-harvest 
11. North America InsecticidesMarket-By End-use Industry (Market Size –US$ Million/Billion) 
    11.1 Agriculture 
        11.1.1 Food Crops 
        11.1.2 Cash Crops 
        11.1.3 Horticulture Crops 
        11.1.4 Plantation Crops 
    11.2 Building and Infrastructure 
        11.2.1 Residential 
   Row Houses 
   Independent Houses  
        11.2.2 Non-residential 
    11.3 Others 
12. North America Insecticides Market-By Country (Market Size -US$Million/Billion) 
    12.1 USA 
    12.2 Canada 
    12.3 Mexico
13. North America Insecticides Market – Entropy   
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. North America Insecticides Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies  
    14.2 Market Share by Key Country - Major companies 
    14.3 Market Share by Key Application - Major companies 
    14.4 Market Share by Key Product Type/Product category- Major companies 
15. North America Insecticides Market – Key Company List by Country Premium Premium 
16. North America Insecticides Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10  
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