argentine-biopesticides-market-growth-trends-and-forecasts-2014-2019-industry
Published

August 2016

Argentina Biopesticides Market - Growth, Trends and Forecasts (2015-2020)

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With a volume CAGR forecast of 16.3% and a value CAGR forecast at 17% over 2014-2020, Argentina constitutes a key Latin American market for biopesticides,with Bioherbicides forming the largest and Biofungicides as the fastest growing segments.Argentina ranks as the third largest global producer of soy and corn, and curtailing the use of pesticides on these crops as envisaged by the government is expected to increase costs for farmers. The total soy crop and a substantial proportion of corn and cotton crops in the region are genetically modified. Though this was intended to reduce consumption of pesticides, the fact remains that the overall utilization has grown by nine times since 1990 due to increased production, through demand for higher crop yield, and pests developing resistance to the chemicals. Mordor Intelligences new report on the Argentine Biopesticides market highlights these issues, in addition to a number of other critical factors that are instrumental in driving growth for biopesticides in the region.

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