North America Pesticide And Other Agricultural Chemicals Market Report 2017
NEW YORK, Jan. 3, 2018 /PRNewswire/ -- North America pesticide and other agriculture market is the second largest region in the world. It currently has about 25% share of the global pesticide and other agricultural chemicals market. The market in North America grew at a CAGR of 2.26% in the historic period and is expected to grow at a CAGR of 4.24% in the forecast period.
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Herbicides was the largest segment in the pesticide and other agricultural chemicals market with around 54% share of the market. Insecticides was the second largest segment with around 24% share of the pesticide and other agricultural chemicals market. Fungicides was the third largest segment with around 22% share of the pesticide and other agricultural chemicals market.
Increasing Scope Of Nano-Insecticides
Toxicologists and horticulturists globally are adopting nanotechnology and nanoparticles in the development of new, environment friendly insecticides. Nanoparticles have revolutionized the pharmaceutical, medical equipment, and chemicals industries. Most engineers believe that nanotechnology can help make insecticides much safer as a large variety of them are non-toxic. Moreover, with proper study and development, insecticides can be made more effective, thereby significantly reducing the amount sprayed on agricultural fields.
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