Overview of the Market for Pesticide And Agricultural Chemical in the USA
In value terms, pesticide and agricultural chemical production totaled $••• in 2018. In general, pesticide and agricultural chemical production continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2016 when production volume increased by •••% year-to-year. Over the period under review, pesticide and agricultural chemical production reached its maximum level at $••• in 2013; however, from 2014 to 2018, production failed to regain its momentum.
The revenue of the pesticide and agricultural chemical market in the U.S. amounted to $••• in 2018, shrinking 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). Overall, pesticide and agricultural chemical consumption continues to indicate a temperate curtailment. The growth pace was the most rapid in 2016 when the market value increased by •••% against the previous year. Pesticide and agricultural chemical consumption peaked at $••• in 2013; however, from 2014 to 2018, consumption remained at a lower figure.