Overview of the Market for Pesticide And Agricultural Chemical in the USA
In value terms, pesticide and agricultural chemical production dropped slightly to $ in 2019. Over the period under review, production recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by % y-o-y. Over the period under review, production attained the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The size of the pesticide and agricultural chemical market in the U.S. declined to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a noticeable shrinkage. The growth pace was the most rapid in 2015 when the market value increased by % y-o-y. Pesticide and agricultural chemical consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.