NAICS 32532 - Pesticide and Other Agricultural Chemical Manufacturing
This industry comprises establishments primarily engaged in the formulation and preparation of agricultural and household pest control chemicals (except fertilizers).
Industry trends:
NAICS 32532, encompassing Pesticide and Other Agricultural Chemical Manufacturing, is currently witnessing several qualitative trends driven by market demands, regulatory changes, and technological advancements.
A significant trend is the growing emphasis on sustainability and environmental responsibility. With increasing regulatory pressures and consumer awareness, manufacturers are investing in research and development to create more eco-friendly and biodegradable products. There is a noticeable shift towards biopesticides and organic agricultural chemicals that promise reduced environmental impact and safer use patterns.
Technological advancements are also shaping the landscape, with precision agriculture tools such as drones and IoT devices enabling more efficient application of pesticides. This not only improves crop yields but also reduces chemical waste and environmental contamination.
Another key trend is the integration of AI and data analytics to optimize pesticide formulations and deployment strategies. Companies are leveraging big data to predict pest outbreaks and tailor solutions specific to the needs of individual farms.
Market consolidation is expected as larger firms acquire smaller, innovative companies to bolster their product portfolios and expand their reach. This trend could lead to increased R&D investments and more streamlined regulatory approvals, promoting faster innovation cycles.
In the near future, the industry is forecasted to experience modest growth driven by the rising global demand for food and agricultural products. However, regulatory challenges and the need for sustainable practices will continue to shape the strategic directions of businesses within this sector. Adaptation to these trends is crucial for maintaining competitiveness and achieving long-term success.
This industry is comprised of:
Ant poisons manufacturing
Arsenate insecticides manufacturing
Arsenite insecticides manufacturing
Benzene hexachloride (BHC) insecticides manufacturing
Bordeaux mixture insecticides manufacturing
Botanical insecticides manufacturing
Chlordane insecticides manufacturing
Cholinesterse inhibitors used as insecticides manufacturing
DDT (dichlorodiphenyltrichloroethane) insecticides manufacturing
Defoliants manufacturing
Dips (i.e., pesticides), cattle and sheep, manufacturing
Endrin insecticides manufacturing
Exterminating chemical products (e.g., fungicides, insecticides, pesticides) manufacturing
Flea powders or sprays manufacturing
Fly sprays manufacturing
Fungicides manufacturing
Herbicides manufacturing
Household-type insecticides manufacturing
Insecticides manufacturing
Lime-sulfur fungicides manufacturing
Lindane pesticides manufacturing
Malathion insecticides manufacturing
Methoxychlor insecticides manufacturing
Moth repellants manufacturing
Nicotine insecticides manufacturing
Organo-phosphate based insecticides manufacturing
Parathion insecticides manufacturing
Paris green insecticides manufacturing
Pest (e.g., ant, rat, roach, rodent) control poison manufacturing
Pesticides manufacturing
Plant growth regulants manufacturing
Pyrethrin insecticides manufacturing
Roach poisons manufacturing
Rodent poisons manufacturing
Rodenticides manufacturing
Root removing chemicals manufacturing
Rotenone insecticides manufacturing
Seed treatment preparations manufacturing
Sodium arsenite insecticides manufacturing
Sulfur insecticides manufacturing
Termite poisons manufacturing
Tick powders or sprays manufacturing
Xanthone insecticides manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.