U.S. Agrochemicals Market Size Worth $ 46.07 Billion By 2032 | CAGR: 3.2%

The U.S. agrochemicals market size is expected to reach USD 46.07 billion by 2032, according to a new study by Polaris Market Research. The report “U.S. Agrochemicals Market Share, Size, Trends, Industry Analysis Report, By Fertilizer Type (Nitrogen Fertilizer, Phosphatic Fertilizer); By Pesticide Type; By Crop Type; By Mode of Application; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Plant growth regulators are chemicals that influence the growth and development of plants, including hormones that regulate plant growth processes such as flowering, fruiting, and ripening. The U.S. agrochemicals market includes plant growth regulators used to enhance crop quality, yield, and uniformity in various crops. Soil conditioners and amendments are products used to improve soil structure, fertility, and health, enhancing its ability to support plant growth and productivity. This category includes products such as soil pH adjusters, soil conditioners, organic matter amendments, and soil health enhancers.

With the rising U.S. population, food security is necessary, coupled with the uphill task of increasing the fertility rate of existing agricultural land. To facilitate more crop production within the given landmass, sustainable agrochemicals play a key role.

For instance, according to a survey conducted by Feeding America, in 2023, around 95% of the country's food banks witnessed a surge in demand for food scarcity in underserved areas in April and May, as compared to 65% in February.

The rising prevalence of plant-based diseases, followed by lower production, is fueling investments in agricultural research activities. The increasing new product innovations by the key players are optimally influencing the agrochemicals market. Furthermore, the growing adoption of technology is playing a vital role in promoting awareness about agrochemicals and fueling new product development in the country.

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The rising prevalence of food insecurity in the United States is positively influencing the demand for basic food products, leading to an increased need for agricultural production. According to Feeding America, approximately 49 million people in the country depend on food assistance organizations.

This is enabling farmers to utilize fertilizers in their crops. Moreover, with the growing incidence of plant diseases, farmers are significantly fueling the adoption of fungicides and other chemicals. The capability to improve yield productivity is further bolstering U.S agrochemical market expansion.

U.S. Agrochemicals Market Report Highlights

• The nitrogen fertilizer segment is anticipated to witness the highest growth in the coming years due to its ability to supply plant nutrients instantly, driving plant growth.
• In 2023, the herbicides segment accounted for the largest market share owing to the rising growth of weeds on agricultural farms.
• The U.S. players include ADAMA Ltd., Sumitomo Chemical, BASF SE, Marubeni Corporation, Clariant AG, Croda International Pic, and more.

Polaris Market Research has segmented the U.S. agrochemicals market report based on fertilizer type, pesticides type, crop type, mode of application:

U.S. Agrochemicals, Fertilizer Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Nitrogen Fertilizer
• Phosphatic Fertilizer

U.S. Agrochemicals, Pesticides Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Fungicides
• Herbicides

U.S. Agrochemicals, Crop Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Cereals & Grains
• Oilseeds & Pulses

U.S. Agrochemicals, Mode of Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Foliar
• Fertigation

U.S. Agrochemicals Market Report Scope