The Brazil biopesticides market is expected to reach $XX Million by 2022 from USD 7452 Million in 2016, witnessing a CAGR of XX% during the forecasted period. In just 35 years, Brazil has developed from a food importer to a major exporter, mostly by improving productivity by technology adoption and crop protection chemicals’ use. The Brazilian market for pesticides has certain unique characteristics, which differentiates it from other markets. These include higher margins, high concentrations, the longest payment terms and continuous, sustainable agricultural growth. Domestic farmers have traditionally spent more money on pesticides per hectare in Brazil, compared to other Latin American countries.
Higher adoption of herbicide tolerant crops will lead to large consumption and market demand for herbicides in Brazil. However, higher pesticides residues in grains and increasing pest resistance, developed countries are posing strict regulations on use of some synthetic pesticides, which will affect the use of such chemicals in Brazil. As a consequence of growing concerns regarding the environment and contamination of food with synthetic chemical pesticides, the demand of next generation biopesticides are also increasing in Brazil, however market will remain dominated by the synthetic pesticides.
By segment, biopesticides are likely to witness the faster growth in comparison to the synthetic chemicals due to increasing demand of regulation on crop protection chemicals by Latin American countries for protection of citizen’s health. By product type, herbicides are the largest crop protection chemicals segment in the region, followed by fungicides and insecticides. Segmentation of this report has included categorizing pesticides as synthetic and biopesticides. By application area, pesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
Key Industry Players
The leading eight companies comprising Syngenta, Bayer, BASF, FMC, DuPont, Dow, Monsanto and Iharabras corner more than 72% of the share in the country. Over the last decade, Chinese and Indian companies have been entering Brazil through distribution systems and/or as registration holders, moves that are considered much more lucrative that just supplying products to local distributors. Brazil’s pesticides market has been extensively covered in this new and exclusive report from Mordor Intelligence, offering strategic insights into the developments shaping this key area. Companies can get an insider view of the pesticides in Brazil in order to make informed decisions.
Key Deliverables in the Study