Agrochemicals Market in Canada by Product and Application - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72207

The agrochemicals market share in Canada is expected to increase to USD 279.69 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The agrochemicals market in Canada report also offers information on several market vendors, including BASF SE, Bayer AG, CF Industries Holdings Inc., Dow Inc., DuPont de Nemours Inc., Nippon Soda Co. Ltd., Nutrien Ltd., Syngenta Crop Protection AG, UPL Ltd., and Yara International ASA among others. Furthermore, this agrochemicals market in Canada research report extensively covers the market segmentation by product (fertilizers and pesticides) and application (crop-based and others).

What will the Agrochemicals Market Size in Canada be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the agrochemicals market in Canada as a part of the global fertilizers and agricultural chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agrochemicals market in Canada during the forecast period.

Who are the Major Agrochemicals Market Vendors in Canada?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Bayer AG
  • CF Industries Holdings Inc.
  • Dow Inc.
  • DuPont de Nemours Inc.
  • Nippon Soda Co. Ltd.
  • Nutrien Ltd.
  • Syngenta Crop Protection AG
  • UPL Ltd.
  • Yara International ASA

 

This statistical study of the agrochemicals market in Canada encompasses successful business strategies deployed by the key vendors. The agrochemicals market in Canada is fragmented and the vendors are deploying growth strategies such as technology, trait leadership, price, quality, and cost to compete in the market.

Product Insights and News

  • Bayer AG - The company offers agrochemicals products for farmers.
  • Bayer AG - Crop science segment of the company focuses on the development and marketing of products used for crop protection, seeds and plant trials, and nonagricultural pest control.
     

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The agrochemicals market in Canada forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Agrochemicals Market in Canada Value Chain Analysis

Our report provides extensive information on the value chain analysis for the agrochemicals market in Canada, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Agrochemicals Market in Canada?

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The agrochemicals market share growth in Canada by the fertilizers segment will be significant during the forecast period. Fertilizers can be classified as synthetic and biofertilizers. Synthetic fertilizers are subdivided into nitrogenous, phosphatic, and potassic fertilizers. Nitrogenous fertilizers accounted for the largest share in the agrochemicals market in Canada in 2021. The use of fertilizers for the production of cereals and grains, fruits, vegetables, and oilseeds will positively impact market growth during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the agrochemicals market size in Canada and actionable market insights on post COVID-19 impact on each segment.

Agrochemicals Market in Canada: Key Drivers, Trends, and Challenges

The increasing use of herbicides is notably driving the agrochemicals market growth in Canada, although factors such as regulatory laws and obligations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agrochemicals industry in Canada. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Agrochemicals Market Driver in Canada

The increasing use of herbicides is one of the key drivers supporting the agrochemicals market growth in Canada. For instance, in January 2021, Corteva announced the launch of the new herbicide Exhilarate, which protects wheat and barley crops in Canada. However, constant protests regarding the ban on harmful herbicides have been in the news. However, their presence in the market is due to cheaper rates than their substitute products. Many industry players are developing bio-based herbicides. These herbicides are eco-friendly and are significantly adopted by the farmers in the country. Such factors are expected to fuel the growth of the agrochemicals market in Canada during the forecast period.

Key Agrochemicals Market Trend in Canada

Implementation of Integrated Pest Management (IPM) as a new method of crop protection is another factor supporting the agrochemicals market growth in Canada. The rising pest resistance to pesticides and environmental and health concerns have reduced the use of chemical pesticides. It is a prevention method that creates an inhospitable environment for pests through systemic resistance and proper operation design. IPM is an integration of multiple control methods involving inspection, monitoring, and reporting, and a pesticide is only applied when it is assumed to be most effective during a pest's life cycle. Hence, the implementation of IPM will fuel the growth of the agrochemicals market in Canada during the forecast period.

Key Agrochemicals Market Challenge in Canada

The regulatory laws and obligations is hindering the agrochemicals market growth in Canada. The application of modern methods and the use of a specific class of agrochemical products are points for debate in public forums. Manufacturers are required to follow the imposed regulations to avoid consequences. On the other hand, the tax structure also plays a significant role, and market players are required to keep tax authorities updated. Any amendments to these tax regulations, interpretation of taxes, following the tax structure, and any new finding in a country shall influence the other financial statement components such as receivables, liabilities, and deferred tax assets. Such factors will hamper the growth of the agrochemicals market in Canada during the forecast period.

This agrochemicals market in Canada analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

 

Agrochemicals Market scope in Canada

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.45%

Market growth 2022-2026

$ 279.69 million

Market structure

Fragmented

YoY growth (%)

4.20

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Bayer AG, CF Industries Holdings Inc., Dow Inc., DuPont de Nemours Inc., Nippon Soda Co. Ltd., Nutrien Ltd., Syngenta Crop Protection AG, UPL Ltd., and Yara International ASA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Agrochemicals Market in Canada Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive agrochemicals market growth in Canada during the next five years
  • Precise estimation of the agrochemicals market size in Canada and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agrochemicals industry in Canada 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agrochemicals market vendors in Canada 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

               **1.1 Market Overview 

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 5

                              *Exhibit 04:  Key Finding 6

                              *Exhibit 05:  Key Finding 7

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *2.1.1 Parent Market

                              *Exhibit 06:  Parent market

                              *Exhibit 07:  Market characteristics

               **2.2 Value chain analysis           

                              *Exhibit 08: Value chain analysis: Fertilizers and agricultural chemicals

                              *2.2.1 Inputs

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

                              *2.2.6 Industry Innovation

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 09:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 10:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *Exhibit 11:  Global - Market size and forecast 2021 - 2026 ($ million)

                              *Exhibit 12:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 13:  Five forces analysis 2021 & 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 14:  Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 15: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 16: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 17: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 18: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 19:  Market condition - Five forces 2021

***5.Market Segmentation by Product               

               **5.1 Market segments

                              *Exhibit 20:  Product - Market share 2021-2026 (%)

               **5.2 Comparison by Product    

                              *Exhibit 21:  Comparison by Product

               **5.3 Fertilizers - Market size and forecast 2021-2026     

                              *Exhibit 22:  Fertilizers - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 23:  Fertilizers - Year-over-year growth 2021-2026 (%)

               **5.4 Pesticides - Market size and forecast 2021-2026    

                              *Exhibit 24:  Pesticides - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 25:  Pesticides - Year-over-year growth 2021-2026 (%)

               **5.5 Market opportunity by Product     

                              *Exhibit 26:  Market opportunity by Product

***6 Market Segmentation by Application                        

               **6.1 Market segments

                              *Exhibit 27:  Application - Market share 2020-2025 (%)

               **6.2 Comparison by Application             

                              *Exhibit 28:  Comparison by Application

               **6.3 Crop-based - Market size and forecast 2021-2026 

                              *Exhibit 29:  Crop-based - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 30:  Crop-based - Year-over-year growth 2021-2026 (%)

               **6.4 Others  - Market size and forecast 2021-2026         

                              *Exhibit 31:  Others  - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 32:  Others  - Year-over-year growth 2021-2026 (%)

               **6.5 Market opportunity by Application              

                              *Exhibit 33:  Market opportunity by Application

***7. Customer landscape                        

               **7.1 Overview

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              *Exhibit 34: ?Customer landscape?

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1 Increasing use of herbicides

                              *8.1.2 Technological improvements leading to efficient methods of agriculture

                              *8.1.3 Increasing demand for sustainable bio-based agricultural products

               **8.2 Market challenges              

                              *8.2.1 Regulatory laws and obligations

                              *8.2.2 Lack of monitoring on counterfeit products

                              *8.2.3 Increasing health concerns

                              *Exhibit 35:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Implementation of Integrated Pest Management (IPM) as a new method of crop protection

                              *8.3.2 Introduction of biopesticides

                              *8.3.3 Increasing in product developments

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 36:  Vendor landscape

               **9.2 Vendor Disruption              

                              *Exhibit 37: ?Landscape disruption?

                              *Exhibit 38: Industry risks

               **9.3 Competitive Scenario        

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 39: Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 40: ?Market positioning of vendors?

               **10.3 BASF SE 

                              *Exhibit 41:  BASF SE - Overview

                              *Exhibit 42:  BASF SE - Business segments

                              *Exhibit 43:  BASF SE – Key news

                              *Exhibit 44:  BASF SE - Key offerings

                              *Exhibit 45:  BASF SE - Segment focus

               **10.4 Bayer AG             

                              *Exhibit 46:  Bayer AG - Overview

                              *Exhibit 47:  Bayer AG - Business segments

                              *Exhibit 48:  Bayer AG - Key offerings

                              *Exhibit 49:  Bayer AG - Segment focus

               **10.5 CF Industries Holdings Inc.           

                              *Exhibit 50:  CF Industries Holdings Inc. - Overview

                              *Exhibit 51:  CF Industries Holdings Inc. - Business segments

                              *Exhibit 52:  CF Industries Holdings Inc. - Key offerings

                              *Exhibit 53:  CF Industries Holdings Inc. - Segment focus

               **10.6 Dow Inc.

                              *Exhibit 54:  Dow Inc.  - Overview

                              *Exhibit 55:  Dow Inc.  - Business segments

                              *Exhibit 56:  Dow Inc.  - Key offerings

                              *Exhibit 57:  Dow Inc.  - Segment focus

               **10.7 DuPont de Nemours Inc.

                              *Exhibit 58:  DuPont de Nemours Inc. - Overview

                              *Exhibit 59:  DuPont de Nemours Inc. - Business segments

                              *Exhibit 60:  DuPont de Nemours Inc. - Key offerings

                              *Exhibit 61:  DuPont de Nemours Inc. - Segment focus

               **10.8 Nippon Soda Co. Ltd.      

                              *Exhibit 62:  Nippon Soda Co. Ltd. - Overview

                              *Exhibit 63:  Nippon Soda Co. Ltd. - Product and service

                              *Exhibit 64:  Nippon Soda Co. Ltd. - Key offerings

               **10.9 Nutrien Ltd.        

                              *Exhibit 65:  Nutrien Ltd. - Overview

                              *Exhibit 66:  Nutrien Ltd. - Business segments

                              *Exhibit 67:  Nutrien Ltd. - Key offerings

                              *Exhibit 68:  Nutrien Ltd. - Segment focus

               **10.10 Syngenta Crop Protection AG    

                              *Exhibit 69:  Syngenta Crop Protection AG - Overview

                              *Exhibit 70:  Syngenta Crop Protection AG - Product and service

                              *Exhibit 71:  Syngenta Crop Protection AG - Key offerings

               **10.11 UPL Ltd.

                              *Exhibit 72:  UPL Ltd. - Overview

                              *Exhibit 73:  UPL Ltd. - Business segments

                              *Exhibit 74:  UPL Ltd. - Key offerings

                              *Exhibit 75:  UPL Ltd. - Segment focus

               **10.12 Yara International ASA 

                              *Exhibit 76:  Yara International ASA - Overview

                              *Exhibit 77:  Yara International ASA - Business segments

                              *Exhibit 78:  Yara International ASA – Key news

                              *Exhibit 79:  Yara International ASA - Key offerings

                              *Exhibit 80:  Yara International ASA - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 ????Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 81: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 82: ?Research Methodology

                              *Exhibit 83: ??Validation techniques employed for market sizing?

                              *Exhibit 84: ??Information sources

               **11.4 List of abbreviations        

                              *Exhibit 85: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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