$1.6bn
$XXX.Xm
625
43
$XX.Xm
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.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $1.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($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 |
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Pesticide Manufacturing in Canada
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.
Herbicides account for the largest product segment
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.
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NAICS 325320 - Pesticide Manufacturing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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...
Learn about an industry's products and services, markets and trends in international trade.
Commercial farms make up the majority of demand for pesticides. Farmers require magnitudes more pesticides per year than households, businesses and governments.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Pesticide manufacturers choose to locate near major agricultural centres. Making Ontario and British Columbia popular choices to set up establishments. Having close proximity...
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.
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.
Learn about the performance of the top companies in the industry.
Companies are active in merger and acquisition markets. Large manufacturers readily acquire competitors to gain innovative technology and access to new verticals.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Pesticide manufacturers endure heavy regulation. Environmental agencies regularly issue bans on chemicals that can be extremely damaging to manufacturers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Research and development teams are essential for successful manufacturers. Manufacturers hire skilled workers to run R&D teams.
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Pesticide Manufacturing industry in Canada is $1.6bn in 2024.
There are 43 businesses in the Pesticide Manufacturing industry in Canada, which has declined at a CAGR of 1.8 % between 2018 and 2023.
The market size of the Pesticide Manufacturing industry in Canada has been growing at a CAGR of 1.8 % between 2018 and 2023.
Over the next five years, the Pesticide Manufacturing industry in Canada is expected to grow.
The biggest companies operating in the Pesticide Manufacturing market in Canada are Interprovincial Cooperative Ltd. and Gardex Chemicals Ltd.
Manufacturing insecticides and Manufacturing herbicides are part of the Pesticide Manufacturing industry.
The company holding the most market share in Canada is Interprovincial Cooperative Ltd..
The level of competition is moderate and steady in the Pesticide Manufacturing industry in Canada.