North America Agrochemicals Market Outlook

north america is one of the most developed agrochemicals markets in the world. it is estimated that in 2018, the region accounted for more than 25% of the global agrochemicals market. this market is expected to witness significant growth over the next decade, driven by the growing demand for sustainable agriculture practices and initiatives across the region. the region is highly regulated, 1 with the most stringent environmental policies governing the use of agrochemicals. this has enabled the adoption of agrochemicals that meet regional standards and, while restraining sales volumes, has also served to increase product prices. similarly, the current trends of organic food production will likely see the demand for agrochemicals decline in the long term. in terms of application, the insecticides, fungicides, and herbicides are the key products in north america. the development of novel products has enabled farmers to target specific pests and diseases more effectively, while the emergence of biological products has seen the emergence of a new sub-segment within the market. in terms of country, the united states is the major user of agrochemicals in north america, accounting for more than three-quarters of the regional share. canada accounts for the second-largest share of regional demand, while mexico is the third-largest country in the region. the outlook for north american agrochemicals market is likely to remain positive over the next decade as well. increasing investments in research and development for the development of new products, further penetration of modern crop protection products into agricultural practices, and a gradual increase in acceptance of agrochemicals are all expected to act positively for the market during the forecast period. additionally, the introduction of new regulatory laws in favor of agrochemicals will also boost the market over this timeframe.