The North American pesticides market is estimated to grow at a CAGR of 6.0% from 2014 to 2019. The North American market contributed the largest share to the global pesticides market, owing to a large number of technological advancement taking place in the region. The remarkable technological progression in the chemical industry is projected to the American pesticides market. These developments have led to the production of better quality and more stable pesticides.
Based on applications, the North American pesticides market has been segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. An in-depth analysis of the pesticides market by type such as herbicide, Insecticide, fungicide, and others has also been included in this report. The herbicides segment, of the market segmented by type, contributed the largest share of 47.9% to the market in the same year.
The U.S. dominated the North American pesticides market, and contributed the highest share of 67.8% in 2014. The increase in demand for new and more effective pesticides is projected to drive the growth of the North American pesticides market.
Syngenta AG (Switzerland), Bayer CropSciences Ltd. (Switzerland), and Cheminova A/S (Denmark) are the major companies operational in this North American pesticides market. These companies are focusing on market strategies like mergers & acquisitions, joint ventures, development of new products, and expansions to increase their share in the North American pesticides market.
