Pesticide Manufacturing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: October 2023
NAICS 32532CARevenue
$1.6bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
625
Businesses
43
Wages
$XX.Xm
Pesticide Manufacturing in Canada industry analysis
Pesticide manufacturers in Canada produce a range of goods, including herbicides, fungicides, insecticides and other agricultural chemicals. Overall, the industry grew throughout 2023. Consistent demand from downstream farm markets and a rise in crop prices have resulted in growing demand for the industry's products throughout 2023. In addition, demand for many industry products tends to be fairly inelastic, and due to rising prices of agricultural commodities such as wheat, an increasing number of farms have been using pesticides and fungicides in recent years. Overall, industry-wide revenue has been growing at a CAGR of 1.8% over the past five years and is expected to total $1.6 billion in 2023, when revenue will likely fall an estimated 19.1%.The global industry is dominated by major international companies such as Bayer AG and Syngenta AG. While all of these global operators have a presence in the domestic market, they do not appear to have any manufacturing facilities dedicated to industry products. Rather, they operate sales offices and research facilities, with most manufacturing done elsewhere, and operators ship their patent-protected brand-name products into Canada. As a result, international trade levels are high in this industry, with imports accounting for the majority of domestic demand. However, high barriers to entry and comparably few domestic operators help to keep prices high. Further, many inputs are petroleum-based, and as the price of natural gas has fluctuated over the past five years, this has affected industry profit in a similar manner.Demand for key agricultural commodities such as wheat is likely to rise, which is expected to benefit production by downstream farms and lead to increased demand for industry products. Further, patents for some products are likely to expire throughout 2028, and operators will be able to begin producing generic products. Overall, industry revenue is forecast to grow at a CAGR of 1.3% over the five years through 2028 to total $1.7 billion.
Trends and Insights
- Pesticide manufacturers have been consolidating. The industry’s major manufacturers have facilitated deals to boost market share and add new innovations to existing product lines.
- Commercial farms make up the majority of demand for pesticides. Farmers require magnitudes more pesticides per year than households, businesses and governments.
- Pesticide manufacturers choose to locate near major agricultural centres. Making Ontario and British Columbia popular choices to set up establishments. Having close proximity to downstream markets enables manufacturers to quickly and conveniently acquire raw materials.
- Product innovation is essential to continued growth. Companies compete to provide the most-effective and lowest-cost product on the market for each specific segment.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $1.6bn in 2023.
Trends and Insights
Imports have been and continue to be a prominent threat
- Imports satisfy a significant portion of domestic demand for pesticides.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Markets prefer eco-friendly options
- Continued concerns about the environmental effect of pesticides will create a growing emphasis on environmentally benign or reduced-risk products. Also, other products, including persistent organic pollutants, may also be banned or phased out under new Canadian Environmental Protection Act rules.
Biggest companies in the Pesticide Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Interprovincial Cooperative Ltd. | 22.2 | N/A | N/A | |
Gardex Chemicals Ltd. | 10.3 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Pesticide Manufacturing in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Herbicides, Insecticides and Fungicides. Herbicides is the largest segment of the Pesticide Manufacturing in Canada.
Trends and Insights
Herbicides account for the largest product segment
- Herbicides are used to prevent unwanted plant species from growing among crops and are mainly designed to kill weeds.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Scientific Research & Development in Canada
Complementors
- Inorganic Chemical Manufacturing in Canada
- Organic Chemical Manufacturing in Canada
- Fertilizer Manufacturing in Canada
International industries
- Global Fertilizers & Agricultural Chemicals Manufacturing
- Pesticide Manufacturing in the US
- Pesticide Manufacturing in Australia
- Pesticide & Other Agrochemical Manufacturing in the UK
- Chemical Pesticide Manufacturing in China
Table of Contents
About this industry
Industry definition
Operators in the Pesticide Manufacturing industry in Canada manufacture household and agricultural pest control chemicals. Industry products include pesticides and agricultural chemical products such as herbicides, insecticides, fungicides, insect repellents, sheep dips, fly sprays and flea powders. This industry does not manufacture fertilizers.
What's included in this industry?
Manufacturing insecticidesManufacturing herbicidesManufacturing fungicidesCompanies
Interprovincial Cooperative Ltd.Gardex Chemicals Ltd.Purchase this report to view all 2 major companies in this industry.
Related Terms
HERBICIDEINSECTICIDEFUNGICIDEIndustry Code
NAICS 325320 - Pesticide Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Pesticide manufacturers have been consolidating. The industry’s major manufacturers have facilitated deals to boost market share and add new innovations to existing product l...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Commercial farms make up the majority of demand for pesticides. Farmers require magnitudes more pesticides per year than households, businesses and governments.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Pesticide manufacturers choose to locate near major agricultural centres. Making Ontario and British Columbia popular choices to set up establishments. Having close proximity...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Product innovation is essential to continued growth. Companies compete to provide the most-effective and lowest-cost product on the market for each specific segment.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Companies are active in merger and acquisition markets. Large manufacturers readily acquire competitors to gain innovative technology and access to new verticals.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Interprovincial Cooperative Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Gardex Chemicals Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Interprovincial Cooperative Ltd., and factors influencing its performance in the industry
- Description and key data for Gardex Chemicals Ltd., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Pesticide manufacturers endure heavy regulation. Environmental agencies regularly issue bans on chemicals that can be extremely damaging to manufacturers.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Research and development teams are essential for successful manufacturers. Manufacturers hire skilled workers to run R&D teams.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Pesticide Manufacturing industry in Canada in 2024?
The market size of the Pesticide Manufacturing industry in Canada is $1.6bn in 2024.
How many businesses are there in the Pesticide Manufacturing in Canada industry in 2023?
There are 43 businesses in the Pesticide Manufacturing industry in Canada, which has declined at a CAGR of 1.8 % between 2018 and 2023.
Has the Pesticide Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Pesticide Manufacturing industry in Canada has been growing at a CAGR of 1.8 % between 2018 and 2023.
What is the forecast growth of the Pesticide Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Pesticide Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Pesticide Manufacturing market in Canada?
The biggest companies operating in the Pesticide Manufacturing market in Canada are Interprovincial Cooperative Ltd. and Gardex Chemicals Ltd.
What does the Pesticide Manufacturing in Canada include?
Manufacturing insecticides and Manufacturing herbicides are part of the Pesticide Manufacturing industry.
Which companies have the highest market share in the Pesticide Manufacturing in Canada?
The company holding the most market share in Canada is Interprovincial Cooperative Ltd..
How competitive is the Pesticide Manufacturing industry in Canada?
The level of competition is moderate and steady in the Pesticide Manufacturing industry in Canada.
