According to the latest report by IMARC Group, titled “Latin America Crop Protection Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The Latin America crop protection chemicals market is expected to exhibit a growth rate (CAGR) of 6.1% during 2023-2028.
The agricultural goods used to control plant diseases and shield crops from harm include crop protection agents. These chemicals mainly comprise of herbicides, fungicides, insecticides, etc. Crop protection chemicals help in controlling and monitoring pests and diseases that may infect, consume, or damage crops. Besides this, they also aid farmers in enhancing crop productivity, increasing overall yield, improving food security, etc. As a result, such chemicals are used on various crop types, including cereals and grains, oilseeds, pulses, fruits, vegetables, etc.
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Latin America Crop Protection Chemicals Market Trends and Drivers:
The extension of farmlands and the significant growth of the agricultural sector are what are principally causing the market to grow in Latin America. Moreover, the elevating levels of urbanization and limited area of arable land are augmenting the demand for crop protection chemicals. Owing to this, several government bodies across the region are focusing on minimizing the conversion of natural areas, such as forests and native prairies, into farmlands. This, along with the escalating consumption of plant-based food products, is resulting in the increasing adoption of these chemicals to maximize agricultural yield per acre. Additionally, extensive R&D activities and the emergence of bio-based crop protection chemicals to reduce the adverse environmental impact of synthetic alternatives will continue to propel the market growth in Latin America over the forecasted period.
Latin America Crop Protection Chemicals Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Adama Ltd. (China National Chemical Corporation Limited)
- BASF SE
- Bayer AG
- Corteva, Inc.
- FMC Corporation
- Marrone Bio Innovations, Inc.
- Novozymes A/S
- Sumitomo Chemical Co. Ltd
- Syngenta (China National Chemical Corporation Limited)
- UPL Limited.
The report has segmented the market on the basis on region, origin, product type, crop type, form and mode of application.
Breakup by Origin:
- Synthetic
- Bio-Based
Breakup by Product Type:
- Herbicide
- Fungicide
- Insecticide
- Others
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Form:
- Liquid
- Solid
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Others
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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