Market Size of argentina crop protection chemicals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.97 Billion |
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Market Size (2029) | USD 7.78 Billion |
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Largest Share by Function | Herbicide |
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CAGR (2024 - 2029) | 5.43 % |
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Fastest Growing by Function | Herbicide |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Argentina Crop Protection Chemicals Market Analysis
The Argentina Crop Protection Chemicals Market size is estimated at 5.97 billion USD in 2024, and is expected to reach 7.78 billion USD by 2029, growing at a CAGR of 5.43% during the forecast period (2024-2029).
5.97 Billion
Market Size in 2024 (USD)
7.78 Billion
Market Size in 2029 (USD)
6.38 %
CAGR (2017-2023)
5.43 %
CAGR (2024-2029)
Largest Segment By Function
87.01 %
value share, Herbicide, 2023
This monocultural cultivation leads to an increased weed infestation. Farmers are aiming at reducing both the cost of control and yield losses through herbicides.
Fastest-growing Segment by Function
5.63 %
Projected CAGR, Herbicide, 2024-2029
About two-thirds of the chemical-treated area corresponds to post-emergence products. The most used herbicides are trifluralin, metribuzin, bentazon, haloxyfop-methyl, and fluazifop.
Largest Segment by Crop Type
49.93 %
value share, Pulses & Oilseeds, 2023
Drought in the country affects the pulses and oilseeds. Low precipitation and poor plant growth have increased the growth of weeds and pests needing more pesticides.
Leading Market Player
28.45 %
market share, Syngenta Group, 2022
The company invests more than USD 1.3 billion per year in global R&D to develop advanced, innovative technologies and products to address farmers' crop protection challenges.
Second Leading Market Player
15.78 %
market share, Bayer AG, 2022
Bayer's acquisitions and partnerships with companies like Monsanto and Oerth Bio enhanced the product portfolio offered in the country, boosting the company's growth in the market.
Herbicides dominated the market
- Argentina is known for its vast agricultural lands, favorable climate, and agricultural expertise, making it one of the major agricultural producers and exporters globally. The country's agricultural sector is focused on high-yield production to meet domestic and international demand. Pesticides play a significant role in ensuring higher yields by reducing losses caused by pests and diseases. Argentina occupied the second-highest share of 13.9% by value of the South American crop protection chemicals market in 2022.
- Weed attacks on crops are the most common across the country. Fleabane, pigweed, johnsongrass, goosegrass, finger grass, and barnyard grass majorly impact the yield of major field crops. Argentina has a high demand for its wheat, soybean, and maize crops, and weeds pose a significant threat to this demand. Thus, weed management is necessary in the country. Herbicides occupied the highest share of 86.8% by value in 2022. Glyphosate is the most commonly used herbicide in the country.
- Most pests and diseases attack the foliage of crops, hindering the further growth of the plant. Thus, the foliar mode of application is highly preferred in the application of fungicides and insecticides and accounted for the second-highest share of 31.6% by value in 2022.
- The growing demand for major grains and oilseeds domestically and internationally, coupled with increased concerns for food security and various developments, facilitated efficient methods of cultivation, minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 5.4% during the forecast period (2023-2029).
Understand The Key Trends Shaping This Market
