The Canada pesticides market is expected to grow during the 2024-2028 forecast period, driven by the rising demand for natural and organic pesticides, along with increasing awareness of crop protection.
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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