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UNITED STATES CROP PROTECTION CHEMICALS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

2

Scope of ReportProduct of Interest (POI): Crop Protection Chemicals

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

United States crop protection chemicals market is expected to witness significant growth during the forecast period onaccount of the growing population in the country. This has drastically increased the demand for food. The need tomaintain agricultural productivity and fulfil the demands of the ever-increasing population is expected to increase thedemand for crop protection chemicals. Additionally, decreasing arable land is further expected to propel the marketgrowth through 2025. Furthermore, climatic uncertainties have led to a decline in the overall yield. This in turn isexpected to positively influence the market growth over the next few years. Besides, growing awareness pertaining tosoil profile and patterns among the farmers is further expected to create lucrative opportunities for the market growthduring the forecast period.

Market Segmentation

TYPE

• Herbicide

• Insecticide

• Fungicide

• Plant Growth Regulator

• Others

MODE OF APPLICATION

• Foliar Spray

• Seed Treatment

• Soil Treatment;

• Others

REGION

• South-Region

• West-Region

• Mid-West-Region

• Northeast-Region

• Liquid

• Solid

FORM

ORIGIN

• Synthetic

• Biopesticides

3

Table of Contents

Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on United States Crop Protection Chemicals Market

4. Executive Summary

5. Voice of Customer

6. United States Crop Protection Chemicals Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Herbicide; Insecticide; Fungicide; Plant Growth Regulator and Others)

6.2.2. By Origin (Synthetic Vs. Biopesticides)

6.2.3. By Form (Liquid and Solid)

6.2.4. By Mode of Application (Foliar Spray; Seed Treatment; Soil Treatment; and Others)

6.2.5. By Company (2019)

6.2.6. By Region

6.3. Product Market Map

7. United States Herbicide Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type (Glyphosate, 2 4-D, Dicamba & Others)

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Table of Contents

Contents

7.2.2. By Crop (Cotton, Rice, Vegetables, Plantation, Wheat, Pulses & Others)

7.2.3. By Region

7.2.4. By Company

8. United States Insecticide Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type (Organophosphor, Organochlorine, Carbamates, Pyrethroids & Others)

8.2.2. By Crop (Cotton, Rice, Vegetables, Plantation, Wheat, Pulses & Others)

8.2.3. By Region

8.2.4. By Company

9. United States Fungicide Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type (Dithiocarbamates, Phenylamides, Strobilurins & Others)

9.2.2. By Crop (Cotton, Rice, Vegetables, Plantation, Wheat, Pulses & Others)

9.2.3. By Region

9.2.4. By Company

10. United States Plant Growth Regulator Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

5

Table of Contents

Contents

10.2. Market Share & Forecast

10.2.1. By Type (Auxins, Gibberellins, Cytokinins & Others)

10.2.2. By Crop (Cotton, Rice, Vegetables, Plantation, Wheat, Pulses & Others)

10.2.3. By Region

10.2.4. By Company

11. Market Dynamics

11.1. Drivers/Opportunities

11.2. Challenges/Restraints

12. Market Trends & Developments

13. Policy and Regulatory Landscape

14. Competitive Landscape

14.1. Company Profiles (Top 10 Companies)

15. United States Economic Profile

16. Strategic Recommendations

17. About Us & Disclaimer

RESEARCH METHODOLOGY

7

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the United States crop protection chemicals

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the United States crop protection chemicals

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

8

Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of United States crop protection chemicals market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing need for food security and

surging popularity of bio-based crop protection chemical products, among others. The study includes market forecasting, which would enable our clients

to take better decisions while planning their strategy to achieve sustainability in United States crop protection chemicals market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2019 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as manufacturers & suppliers, channel partners,

end users, industry experts, and other industry participants.

• The team interviewed more than 40 – 50 manufacturers & suppliers, 180 – 200 end users, and 15 – 20 industry experts and other value chain

stakeholders in the United States crop protection chemicals market to obtain the overall market size from 2015 to 2019, which was validated by the

Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

9

Research Methodology

• Respondents were asked about the current and future market growth rates, market by type, by origin, by form, by mode of application, by region

and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across

various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further

triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by type, by origin, by form, by mode of application, by region and by company were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various

segments of crop protection chemicals market. The final shares were calculated by taking the geometric mean of the responses gathered from key

opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast United States crop

protection chemicals market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

10

Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ BASF Corporation

▪ The Dow Chemical Company

▪ E.I. du Pont de Nemours and Company

▪ Sumitomo Chemical America Inc

▪ Syngenta Corporation

▪ Bayer Cropscience

▪ FMC Corporation

▪ Monsanto Company

▪ Nufarm Americas

▪ Valent Biosciences Corporation

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ Statista

▪ News Dailies

▪ Credible Paid Databases

11

Competitor Profile BASF Corporation

According to TechSci Research report, “United States Crop Protection Chemicals Market By Type (Herbicides; Insecticides; Fungicides; Plant

Growth Regulators; and Others), By Origin (Synthetic Vs. Biopesticides), By Form (Liquid and Solid), By Mode of Application (Foliar Spray; Seed

Treatment; Soil Treatment; and Others), By Company, By Region, Forecast & Opportunities, 2025”, the United States crop protection chemicals

market is expected to grow at a substantial rate during the forecast period on account of awareness regarding soil patterns as well as climate

uncertainties. Additionally, increasing requirement for preventing the deterioration of crops from insects and pest infestation is expected to have a

positive impact on the growth of market. Furthermore, rising implementation of advanced farming techniques is further propelling the market

growth. Relatively low R&D costs associated with the biopesticides is anticipated to bolster the growth of market through 2025. The minimal

residual toxicity levels of biobased crop protection chemicals against synthetic crop protection chemicals make them ideal inputs to be used in

organic agriculture, which is further anticipated to aid the market growth in the years to come. However, there are certain factors that might act as

major impediments to the growth of United States crop protection chemicals market through 2025 such as growing prevalence of health hazards

triggered by use of crop protection chemicals, lack of awareness regarding dosage along with proper application of crop protection chemicals,

etc.

The United States crop protection chemicals market is segmented based on type, origin, form, mode of application, company and region. In

terms of type, the market can be categorized into herbicides, insecticides, fungicides, plant growth regulators and others. Among these, the

insecticides segment is expected to register significant growth in the market over the next few years, which can be accredited to their extensive

use during staple crop cultivation as they are highly attacked by insects. Based on type, the market can be categorized into herbicides,

insecticides, fungicides, plant growth regulators and others. Here, the herbicides segment dominated the market until 2019 and is expected to

register highest growth in the market during the forecast period. This can be attributed to its increasing usage, especially that of non-selective

herbicides, being adopted across several areas in the agricultural sector. In addition to this, recent advancements in the development of non-

selective herbicides is leading to their increased demand in clearing wastelands, and industrial and construction areas, for weed control, which is

further expected to contribute to the growing demand of segment over the coming years.

BASF Corporation, The Dow Chemical Company, E.I. du Pont de Nemours and Company, Sumitomo Chemical America Inc, Syngenta

Corporation, Bayer Cropscience, FMC Corporation, Monsanto Company, Nufarm Americas, Valent Biosciences Corporation and others are some

of the leading players operating in United States crop protection chemicals market. The companies operating in the market are using organic

strategies such as product launches, mergers and collaborations to boost their share and expand their geographic reach.

“United States is expected witness significant growth in the crop protection chemicals market during the forecast period, which is attributable to

increase in initiatives for promoting the use of bio-based and organic pesticides. Furthermore, presence of major market players in the country, is

anticipated to positively impact the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research

based global management consulting firm.

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Competitor Profile BASF Corporation

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

2015 2019 2020E 2025F

By Value (USD Million)

By Volume (KT)

United States Crop Protection Chemicals Market Size, By Value (USD Million) & By Volume (KT), 2015–2025F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

20%

20%

20%

20%

20%

20%

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20%

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2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Organophosphor Organochlorine Carbamates Pyrethroids Others

United States Insecticide Market Share, By Type, By Value, 2015–2025F

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Cotton Rice Vegetables Plantation Wheat Pulses Others

United States Insecticide Market Share, By Crop, By Value, 2015–2025F

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Competitor Profile BASF Corporation

Report Name: UNITED STATES CROP PROTECTION CHEMICALS MARKET

FORECAST & OPPORTUNITIES2015 – 2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

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