Latin America Crop Protection Chemicals Market Insights Forecasts to 2032

• The Latin America Crop Protection Chemicals Market Size was valued at USD XX Billion in 2022.
• The Market is Growing at a CAGR of 5.8% from 2022 to 2032
• The Latin America Crop Protection Chemicals Market Size is expected to reach USD XX Billion by 2032

The Latin America Crop Protection Chemicals Market is anticipated to exceed USD XX Billion by 2032, growing at a CAGR of 5.8% from 2022 to 2032. 

Market Overview

Crop protection chemicals are agricultural products primarily used to manage plant diseases and prevent crop damage. Herbicides, fungicides, and insecticides are among the most common of these chemicals. Crop protection chemicals aid in the detection and control of pests and diseases that can infect, consume, or damage crops. Furthermore, they help farmers manage crop productivity, increase overall yield, and improve food security. As a result, crop protection chemicals are used on a wide range of crop types, such as cereals and grains, oilseeds and pulses, fruits and vegetables, and so on. The growing need to increase crop yield and quality, rising demand for low-cost crop protection solutions, growing environmental safety awareness, and rapidly decreasing agricultural land are the key factors driving the Latin America crop protection chemicals market's growth. Furthermore, an increased emphasis on integrated pest management and emerging economies in Latin America are expected to provide significant opportunities for market participants.

Report Coverage

This research report categorizes the market for the Latin America crop protection chemicals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the crop protection chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the crop protection chemicals market.

Driving Factors

A significant increase in the agricultural sector, as well as the expansion of farmland, is currently propelling market growth in Latin America. Furthermore, the growing consumption of plant-based foods is increasing the demand for crop protection chemicals in order to maximize agricultural yield and improve food security. Furthermore, rising urbanization and limited arable land availability, particularly in Brazil and Argentina, are driving up demand for crop protection chemicals. In line with this, several government agencies throughout Latin America are working to reduce the need to convert natural areas such as forests, native prairies, wetlands, and wildlife habitat into farmlands. As a result, crop protection chemicals are increasingly being used to increase agricultural yield per acre.

Restraining Factors

Pesticides are essential in agriculture for crop protection and increased output. Pesticides, however, can be harmful to human health or the environment depending on the level of exposure. Pesticide registration, use, effects, and storage are all regulated by governments and non-governmental organizations in each country. These factors are expected to hamper the Latin America Crop Protection Chemicals Market during the forecast period.

Market Segmentation

The Latin America Crop Protection Chemicals Market share is classified into origin and formulation.

• The synthetic segment accounted for the largest share of the Latin America crop protection chemicals market during the forecast period.   

The Latin America crop protection chemicals market is segmented by origin into synthetic and bio-based. Among these, the synthetic segment accounted for the largest share of the Latin America crop protection chemicals market during the forecast period. The segmental growth can be attributed due to its growing use in developing countries, readily availability, excellent effectiveness, and less expensive than biological products.     

• The liquid segment is expected to hold a significant share in the Latin America Crop Protection Chemicals Market during the forecast period.

Based on the formulation, the Latin America crop protection chemicals market is divided into liquid, solid. Among these, the liquid segment is expected to hold a significant share in the Latin America Crop Protection Chemicals Market during the forecast period. The segmental large market share can be attributed to the uniform and easy application of liquid form, better performance, and longer effective duration than dry form.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Latin America crop protection chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Adama Ltd.
• BASF SE
• Bayer AG
• Corteva, Inc.
• FMC Corporation
• Marrone Bio Innovations, Inc.
• Novozymes A/S
• Sumitomo Chemical Co. Ltd
• Syngenta
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Latin America, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Latin America Crop Protection Chemicals Market based on the below-mentioned segments:

Latin America Crop Protection Chemicals Market, By Origin

• Synthetic
• Bio-Based

Latin America Crop Protection Chemicals Market, By Formulation

• Liquid
• Solid

Latin America Crop Protection Chemicals Market, By Application

• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Commercial Crops
• Turfs and Ornamentals