Canada Agrochemicals Market Size (2024 - 2029)

The agrochemicals market in Canada is poised for significant growth, driven by the need to enhance agricultural output while adhering to strict regulatory standards. The market's expansion is supported by the development of innovative and eco-friendly products, which aim to balance effective chemical use with minimal environmental impact. Increased demand for healthy diets has fostered collaboration among growers, government, and industry to boost crop yields, ensuring food supply requirements are met without compromising safety or ecological balance. The herbicides segment, in particular, is experiencing rapid growth due to the rising prevalence of weeds in key crops, further solidifying its prominent role in the market.

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Market Size of Canada Agrochemicals Industry

Canada Agrochemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 7.17 Billion
Market Size (2029) USD 9.64 Billion
CAGR (2024 - 2029) 6.10 %
Market Concentration High

Major Players

Canada Agrochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Agrochemicals Market Analysis

The Canada Agrochemicals Market size is estimated at USD 7.17 billion in 2024, and is expected to reach USD 9.64 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

  • The agrochemical market in Canada is an important agriculture support industry that boosts agriculture output in the country. Since strict restrictions are a major factor in determining the market's direction, there is an increasing need to strike a balance between the prudent use of the best chemicals and reducing the impact of those uses. Innovative and eco-friendly products and solutions are emerging steadily in the country, which is anticipated to drive the market.
  • Demand for healthy diets has increased the consumption of cereals, fruits, and vegetables in Canada. This has resulted in integration among growers, federal governments, and industries to improve crop yield to meet Canada's food supply requirements. While all this is done, proper care is applied to not cause any adverse effects on human safety and ecological balance. Canada is expected to exceed the United States by registering faster growth in terms of value demand because of the country's exclusive focus on revamping its agriculture sector.
  • The herbicides segment in the country is growing rapidly due to the increasing incidence of weeds in major crops such as Wheat, Canola, Soybean, and Maize. Coupled with major players in the market offering numerous herbicides, the herbicide segment in Canada holds a more prominent place in the agrochemicals market.

Canada Agrochemicals Industry Segmentation

An agrochemical is a chemical product used in agriculture to enhance crop health and boost yield. 

The Canada agrochemicals market is segmented by product type (fertilizer, pesticides, adjuvants, and plant growth regulators) and application (grains and cereals, pulses and oilseeds, fruits and vegetables, and turfs and ornamental grass). 

The report offers market sizing in USD million in terms of value.

Type
Fertlizers
Pesticides
Adjuvants
Plant Growth Regulators
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turf and Ornamental Grass
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Canada Agrochemicals Market Size Summary

The agrochemicals market in Canada plays a crucial role in supporting the country's agricultural output, with a focus on balancing the use of chemicals and minimizing their environmental impact. The market is experiencing growth driven by the increasing demand for food safety and quality, which has led to a rise in the adoption of innovative and eco-friendly agrochemical products. The integration of growers, government, and industries aims to enhance crop yields to meet the growing food supply requirements, with a particular emphasis on the herbicides segment due to the rising incidence of weeds in major crops. The demand for pest management products is also on the rise, as new pests and diseases threaten crop yields, prompting farmers to adopt crop protection strategies to boost productivity.

The Canadian agrochemicals market is characterized by a shift towards biopesticides, driven by consumer concerns over food safety and the adoption of sustainable agricultural practices. The organic food sector is rapidly expanding, supported by government investments and partnerships, which in turn benefit the bio-based agrochemical market. The market is highly consolidated, with major players like Bayer CropScience AG, Corteva Agriscience, BASF SE, FMC Corporation, and Nufarm Ltd. competing for market share through mergers, acquisitions, and product launches. Recent developments include the introduction of new herbicides and the expansion of sustainable nitrogen solutions, highlighting the ongoing innovation and strategic initiatives within the industry.

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Canada Agrochemicals Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of Substitute Products

      4. 1.4.4 Threat of New Entrants

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Type

      1. 2.1.1 Fertlizers

      2. 2.1.2 Pesticides

      3. 2.1.3 Adjuvants

      4. 2.1.4 Plant Growth Regulators

    2. 2.2 Application

      1. 2.2.1 Grains and Cereals

      2. 2.2.2 Pulses and Oilseeds

      3. 2.2.3 Fruits and Vegetables

      4. 2.2.4 Turf and Ornamental Grass

Canada Agrochemicals Market Size FAQs

The Canada Agrochemicals Market size is expected to reach USD 7.17 billion in 2024 and grow at a CAGR of 6.10% to reach USD 9.64 billion by 2029.

In 2024, the Canada Agrochemicals Market size is expected to reach USD 7.17 billion.

Canada Agrochemicals Market Report Snapshots

Agrochemicals Market in Canada Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)