Pesticide Manufacturing in Canada - Industry Market Research Report

Pesticide Manufacturing in Canada - Industry Market Research Report

Pesticide Manufacturing in Canada

Pesticide manufacturers in Canada produce a range of goods, including herbicides, fungicides, insecticides and other agricultural chemicals. Overall, the industry grew throughout 2023. Consistent demand from downstream farm markets and a rise in crop prices have resulted in growing demand for the industry's products throughout 2023. In addition, demand for many industry products tends to be fairly inelastic, and due to rising prices of agricultural commodities such as wheat, an increasing number of farms have been using pesticides and fungicides in recent years. Overall, industry-wide revenue has been growing at a CAGR of 1.8% over the past five years and is expected to total $1.6 billion in 2023, when revenue will likely fall an estimated 19.1%.

Operators in the Pesticide Manufacturing industry in Canada manufacture household and agricultural pest control chemicals. Industry products include pesticides and agricultural chemical products such as herbicides, insecticides, fungicides, insect repellents, sheep dips, fly sprays and flea powders. This industry does not manufacture fertilizers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.