Canada Pesticides Market to be Dominated by Organic Product Type Segment Through 2028
Growing
demand for natural & organic pesticides and increasing awareness of crop
protection are factors drive the
Canada pesticides market in the forecast period 2024-2028.
According to TechSci Research
report, “Canada Pesticides Market- By Region,
Competition, Forecast and Opportunities, 2028”, Canada pesticides market is anticipated to increase at a substantial
rate in the forecast period. The expansion of non-agricultural applications, such as
urban pest management, public health, forestry, aquatic pest control, and
industrial pest control, drives the growth of the Canada pesticides market. The
demand for effective pesticides in these sectors, driven by factors such as
urbanization, public health concerns, forestry practices, and industrial needs,
creates opportunities for pesticide manufacturers and suppliers to cater to this
expanding market need and support Canada pesticides market growth. Pesticides
are utilized in the forestry sector to protect trees and wood products from
destructive pests such as bark beetles, wood borers, and fungi. Wood
preservatives and insecticides are applied to prevent insect infestations,
decay, and fungal growth. With a significant forestry industry in Canada, the
demand for effective wood protection solutions is high in Canada. Thus, the expansion
of non-agricultural applications in forestry drives the growth of the
pesticides market.
Pesticides are used for
controlling pests in aquatic environments. In Canada, aquatic pest management
is crucial for maintaining the health and productivity of water bodies, such as
lakes, rivers, and reservoirs. Pesticides are employed to control invasive species,
algae blooms, and waterborne pests that can harm aquatic ecosystems and impact
recreational activities that drive the demand for specialized pesticides and
supports Canada's pesticides market growth.
Despite the positive
developments, there have been concerns about the potential impacts of pesticides
on the environment, including the strict regulatory environment, stringent
trade policy, and threat from alternative technology. Currently, it is observed
that there is an increasing demand for alternative pest control methods, such
as biological controls, biopesticides, and non-chemical approaches to achieve
sustainability in the agriculture sector. These methods aim to minimize the use
of conventional pesticides and offer environmentally friendly solutions. The
challenge for the market is to adapt and integrate these alternatives
effectively, ensuring their availability, efficacy, and scalability while
addressing any limitations or knowledge gaps. Moreover, the Canada pesticides
market is impacted by international trade agreements and harmonization efforts.
Aligning Canadian regulations with international standards and ensuring access
to global markets can be challenging. Harmonizing regulations while maintaining
stringent safety standards presents complexities and requires collaboration
with international partners. All these factors are major challenges for Canada
pesticides that hinder the market growth.
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Canada
Pesticides Market is segmented based on type, foam, product type, crop type,
source, and region.
Based on the type, the market is
categorized into herbicides, insecticides, fungicides, and others. The insecticides
segment is
expected to hold the largest market share in the forecast period due to
increasing crop losses caused by insect attacks. Insecticides are widely used
to protect crops from various pests, such as aphids, caterpillars, beetles, and
mites. Apart from these, the growing demand for biopesticides is derived from
natural sources that have lower toxicity and environmental impact making
insecticides a dominating segment.
Based on the
source, the market is fabricated into domestic and import. The import segment is
expected to hold the largest market share in the forecast period because of the
Grower Requested Own Use (GROU) program, which allows farmers to import certain
pesticides that are not registered in Canada. Another reason is, Canada has a
diverse range of crops and pests that require different types of pesticides to
protect them which is not produced or manufactured in Canada. In 2021, OEC
stated that Canada imported the pesticides worth of USD 1.5 billion and become
forth largest importer of pesticide in world. Pesticides help farmers to increase crop
yields, prevent crop losses and reduce food prices.
Major
companies operating in the Canada Pesticides market are:
- Nutrien Ltd.
- Parkland
Corporation
- Viterra Canada Inc
- Oncap II L.P.
- CropLife Canada
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“Biopesticides
and biological controls are gaining prominence in the Canada pesticides market.
These products are derived from natural sources such as bacteria, fungi, and
botanical extracts, offering targeted pest control with minimal environmental
impact. Increased research and development efforts, along with regulatory
support for biopesticides, are driving their adoption. The market is witnessing
an expansion in the availability and application of biopesticides, both in the agriculture
and non-agricultural sectors. The integration of this advancement in the agriculture
sector is expected to continue driving efficiency and productivity in pesticide
use.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Canada Pesticides
Market By Type (Herbicides, Insecticides, Fungicides, and Others), By Form
(Liquid, Dry), By Product Type (Chemical, Organic), By Crop Type (Oilseeds
& Pulses, Grains & Cereals, Fruits & Vegetables, and Others), By
Source (Domestic, Import), By Region, Competition, Opportunity, and Forecast,
2018-2028F”, has evaluated the future growth
potential of Canada pesticides market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision-makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Canada
pesticides market.”
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