| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 31.30 Billion |
| Market Size (2030) | USD 38.80 Billion |
| CAGR (2025 - 2030) | 4.40% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Crop Protection Chemicals Market Analysis by Mordor Intelligence
The Latin America Crop Protection Chemicals Market size is estimated at USD 31.30 billion in 2025, and is expected to reach USD 38.80 billion by 2030, at a CAGR of 4.40% during the forecast period (2025-2030).
- Latin America has the potential to become the global breadbasket due to its increasing adoption of innovation and investment in sustainable agriculture. The region faces the challenge of feeding its growing population, estimated to increase from 663 million in 2024 to 730 million by 2050 while meeting the diverse dietary requirements of an expanding global middle class. This scenario emphasizes the crucial role of crop protection chemicals in the region.
- The region is a major exporter of diverse crops, including soybeans, maize, cotton, sugar, orange juice, coffee, bananas, ornamentals, cocoa, grapes, apples, and other fruits. A notable development has been the expansion of soybean cultivation in Brazil's Cerrado region, where the cultivation area increased by 38.8% between 2021 and 2023, according to FAOSTAT, generating significant demand for herbicides and fungicides.
- Brazil dominates crop protection chemical consumption in Latin America, with extensive use of herbicides and pesticides. The country imported 292,000 metric tons of pesticides in 2023, according to the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Moreover, weed management has become a critical challenge in Brazilian agriculture. The combination of resistant weeds and crop-weed competition causes production losses of 10 to 20%, resulting in annual losses exceeding USD 1.00 billion per crop. The country's rice production alone suffers approximately 8% losses due to weed infestation. These substantial losses persist despite implementing various weed management methods, highlighting the necessity for effective herbicides to protect crop yields.
Latin America Crop Protection Chemicals Market Trends and Insights
The Growing Dominance of Pulses and Oilseeds Segment
Latin America has rich agricultural resources and favorable climatic conditions that support the cultivation of soybeans, beans, lentils, and other key pulse and oilseed crops. In 2023, soybean exports from Latin America reached a record high of approximately USD 58.2 billion, increasing from USD 45.2 billion in 2021, according to ITC Trade Map. This robust export activity in the oilseed sector and growing pulse production have created significant demand for crop protection chemicals to ensure high yields and quality produce.
Latin America produced 4.8 million metric tons of pulses in 2024. This scale of production requires extensive use of crop protection chemicals, with the sector consuming a significant portion of all agrochemicals used in the region. The Brazilian Agricultural Research Corporation reports that pulses farmers invest 25-30% of their annual production costs in crop protection, making it a major contributor to agrochemical demand.
The tropical and subtropical climate of Latin America provides favorable conditions for agricultural production but simultaneously increases pest and disease challenges. According to the International Center for Tropical Agriculture, pulse and oilseed crops in the region are affected by more than 200 species of pests and pathogens, resulting in yield losses of 30-40% when chemical protection is inadequate. This agricultural challenge has necessitated structured crop protection strategies, with farmers implementing 4-6 applications of fungicides and insecticides during each growing season.
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Brazil Dominates the South American Market
Brazil is one of the largest agricultural producers globally, cultivating an estimated 95.1 million hectares of land for crops like soybeans, corn, sugarcane, and others, according to FAO 2023. Soybeans, Brazil's primary crop, accounted for over 152.1 million metric tons of production in 2023, establishing the country as the world's largest soybean producer and exporter. To protect this vast production, the country relies heavily on crop protection chemicals. Soybean growers combat pests like the Helicoverpa caterpillar and diseases like Asian soybean rust, which cause losses of USD 1 billion annually. Consequently, Brazil's consumption of crop protection chemicals ranks highest in Latin America, according to IBGE data.
Glyphosate dominates crop protection product sales in Brazil, with primary applications in soy, corn, wheat, cotton, and coffee cultivation. According to a survey by the G1 agency released by the Brazilian Association of Post-Patent Defensives, glyphosate leads the list of most commercialized agrochemicals in the country. The herbicide 2,4-D ranks as the second-best-selling crop protection product in Brazil in 2023. It offers an alternative mode of action to glyphosate, targeting specific weed groups, and has gained prominence in managing glyphosate-resistant weeds.
The fungicide mancozeb holds the third position in sales volume in Brazil. Despite being the oldest among the top sellers, it maintains widespread use in controlling Asian rust in soybean crops, often combined with modern products to enhance their effectiveness against evolving disease resistance. The market has attracted Chinese and Indian companies, which are establishing a presence through distribution systems and registration holdings, finding these approaches more profitable than solely supplying products to local distributors.
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Competitive Landscape
The Latin American crop protection chemicals market is highly consolidated, with the top few companies holding a large share of the market while the rest is held by other multinational and local companies. BASF SE, Corteva Agriscience, Bayer, FMC Corporation, and Syngenta AG are some of the key players with high market shares. New product launches, mergers and acquisitions, and partnerships are the major strategies adopted by the leading companies in the market. These companies also focus on making investments, mainly in new product development, to increase their market share.
Latin America Crop Protection Chemicals Industry Leaders
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Bayer CropScience AG
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Syngenta AG
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BASF SE
-
FMC Corporation
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Corteva Agriscience
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2024: FMC Corporation introduced Azugro and Ezanya herbicides for cotton, tobacco, and wheat crops in Brazil. These herbicides contain Isoflex active, FMC's brand name for biozone. Isoflex active, classified as a Group 13 herbicide by the Herbicide Resistance Action Committee (HRAC), represents a novel herbicide formulation for cereal crops.
- April 2024: UPL Brazil has launched Eximia, a selective herbicide for controlling difficult-to-manage weeds in sugarcane crops. The product effectively manages Bermuda grass (Cynodon dactylon) and seashore paspalum (Paspalum maritimum), helping maintain crop productivity and profitability.
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Latin America Crop Protection Chemicals Market Report Scope
Crop protection chemicals constitute a class of agrochemicals used to prevent crop deterioration from insects and pest infestation. The Latin American Crop Protection Chemicals Market is Segmented by Origin (Synthetic and Bio-Based), Mode of Action (Herbicide, Fungicide, Insecticide, and Other Modes of Action), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Turfs and Ornamentals), and Geography (Brazil, Argentina, Chile, and Rest of Latin America). The report offers market size and forecasts in terms of Value (USD) and Volume (Metric Tons).
Origin
| Synthetic |
| Bio Based |
Mode of Action
| Herbicide |
| Fungicide |
| Insecticide |
| Other Modes of Action |
Application
| Grains and Cereals |
| Pulses and Oilseeds |
| Fruits and Vegetables |
| Commercial Crops |
| Turf and Ornamentals |
Geography
| Brazil |
| Argentina |
| Chile |
| Rest of Latin America |
| Origin | Synthetic |
| Bio Based | |
| Mode of Action | Herbicide |
| Fungicide | |
| Insecticide | |
| Other Modes of Action | |
| Application | Grains and Cereals |
| Pulses and Oilseeds | |
| Fruits and Vegetables | |
| Commercial Crops | |
| Turf and Ornamentals | |
| Geography | Brazil |
| Argentina | |
| Chile | |
| Rest of Latin America |
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Key Questions Answered in the Report
How big is the Latin America Crop Protection Chemicals Market?
The Latin America Crop Protection Chemicals Market size is expected to reach USD 31.30 billion in 2025 and grow at a CAGR of 4.40% to reach USD 38.80 billion by 2030.
What is the current Latin America Crop Protection Chemicals Market size?
In 2025, the Latin America Crop Protection Chemicals Market size is expected to reach USD 31.30 billion.
Who are the key players in Latin America Crop Protection Chemicals Market?
Bayer CropScience AG, Syngenta AG, BASF SE, FMC Corporation and Corteva Agriscience are the major companies operating in the Latin America Crop Protection Chemicals Market.
What years does this Latin America Crop Protection Chemicals Market cover, and what was the market size in 2024?
In 2024, the Latin America Crop Protection Chemicals Market size was estimated at USD 29.92 billion. The report covers the Latin America Crop Protection Chemicals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Crop Protection Chemicals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Latin America Crop Protection Chemicals Market Report
Statistics for the 2025 Latin America Crop Protection Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Crop Protection Chemicals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
