Latin America Crop Protection Pesticides Market | Size | Share | Future to 2022
Crop Protection Chemicals (Pesticides) Market - Latin America Industry Growth, Trends and Forecasts (2017 - 2022)

PUBLISHED

DEC 2017

Crop Protection Chemicals (Pesticides) Market - Latin America Industry Growth, Trends and Forecasts (2017 - 2022)

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Market Insights

The Latin America crop protection chemicals market was estimated at USD 15.05 billion in 2016 and is projected to reach USD XX billion by 2022, with a CAGR of 6.85% during the forecast period. Globally, the Latin American market is the second fastest-growing crop protection chemicals market, and it accounts for nearly 24% of the global market share. Joint ventures and new product launches are the major strategies followed by the Latin American companies. The pesticides market in Latin America is consolidated, with top 10 companies holding the major share, whereas, the biopesticide market is fragmented.

Market Dynamics

The pesticides market in Latin America is driven by the increasing demand for crop yield and efficiency, growing adoption of GM technology, and adoption of new farming practices in the region. The strict regulation posed by the US EPA and the EU on pesticidal residue limit on food crops, will limit the use of synthetic pesticides and increase the demand for biopesticides in the region. Some of the major restraints for the growth of the pesticides market are the increasing R&D costs and shrinking farm land in some of the Latin American countries. Growing awareness about the biopesticide market and promotion of biopesticide by the regional governments and non-governmental organizations are expected to promote the market growth.

Market Segmentation

The Latin America crop protection market is segmented by chemical type, application and geography. By chemical type, the market is segmented into herbicides, insecticides, fungicides and others, which is further segmented into synthetic and biopesticide. The synthetic pesticide market has the largest market share and accounts for more than 98.8% of the market. The biopesticide market is the fastest-growing, with a CAGR of 10.24% over the forecast period and is estimated to reach a market value of USD 270.65 million, by 2022.

The Latin American market is further segmented by geography into Brazil, Argentina and others. Brazil is the largest pesticides market in the region, followed by Argentina and Chile. The Andean region is also witnessing noticeable growth in this industry. The Brazil crop protection market accounts for half of the Latin America crop protection market and is estimated to have a market value of USD 10,961.57, by 2022. 

Major Companies in the Sector Include:

  • Syngenta
  • Bayer Cropscience
  • FMC
  • DuPont

Recent Industry Insights

“Albaugh LLC completed the acquisition of Consagro Agroquimica Ltda, the crop protection subsidiary of FMC.”

Key Deliverables in the Study

  • Market analysis for the Latin America crop protection market with country-specific assessments and competition analysis.
  • Market definition, along with the identification of key drivers and restraints
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies, along with their market share.
  • Identification and analysis of the macro and micro factors that affect the crop protection market in Latin America.
  • A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.

The report holds importance for the following stakeholders -

  • Producers and manufacturers.
  • Enterprises operating in the industry.
  • Traders and stakeholders operating in the sector.
  • Investors/research institutions interested in the market.

Customization Options:

  • Supply chain analysis
  • Regulatory framework
  • Trade analysis
  • Trend analysis

1. INTRODUCTION

                1.1 Market Definition

                1.2 Research Methodology

                1.3 Report Description

2. KEY FINDINGS OF THE STUDY

3. MARKET OVERVIEW

                3.1 Introduction

                3.2 Product Overview

                                3.2.1 Categorization of Synthetic Pesticides Based on Product Segment

                                3.2.2 Categorization of Biopesticides based on Product Segment

                3.3 Patented and Generic Pesticides

                3.4 Regulatory Environment

                3.5 Trade Regulations and Policies

4. MARKET FORCES

                4.1 Introduction

                4.2 Drivers

                                4.2.1 Adoption of GM Technology

                                4.2.2 Growing food demand and shrinking land

                                4.2.3 Biopesticides Gaining Market Share

                                4.2.4 Adoption of New farming Practices

                4.3 Restrains

                                4.3.1 Research and Development Costs Burgeoning

                                4.3.2 Low per capita use of pesticides in several regions

                                4.3.3 Shrinking Farm lands

                                4.3.4 Growing Demand for Food Safety and Quality

                4.4 Opportunities

                                4.4.1 Organizations promoting Biopesticides

                                4.4.2 Growing Awareness and demand for organic food Products

                                4.4.3 Developing Regions Witnessing Faster Demand

                                4.4.4 Sustainable and Integrated Pest Management techniques

5. MARKET SEGMENTATION

                5.1 MARKET SEGMENTATION BY CHEMICAL TYPE

                                5.1.1 Herbicides

                                                5.1.1.1 Synthetic Herbicides

                                                5.1.1.2 Bioherbicides

                                5.1.2 Insecticides

                                                5.1.2.1 Synthetic Insecticides

                                                5.1.2.2 Bioinsecticides

                                5.1.3 Fungicides

                                                5.1.3.1 Synthetic Fungicides

                                                5.1.3.2 Biofungicides

                                5.1.4 Other Crop Protection Chemicals

                                                5.1.4.1 Synthetic Other Crop Protection Chemicals

                                                5.1.4.2 Bio-Other Crop Protection Chemicals

                5.2 MARKET SEGMENTATION BY APPLICATION TYPE

                                5.2.1 Crop Based Pesticides

                                                5.2.1.1 Grains and Cereals Pesticides

                                                5.2.1.2 Oilseed Based Pesticides

                                                5.2.1.3 Fruits and Vegetables Based Pesticides

                                5.2.2 Non-Crop Based Pesticides

                                                5.2.2.1 Turf and Ornamentals Based Pesticides

                                                5.2.2.2 Other Non-Crop Based Pesticides

                5.3 MARKET SEGMENTATION BY GEOGRAPHY

                                5.3.1 SOUTH AMERICA

                                                5.3.1.1 Brazil

                                                5.3.1.2 Argentina

                                                5.3.1.3 Others

6. COMPETITIVE LANDSCAPE

                6.1 Introduction

                6.2 Major Strategies Adapted by Global Players

                6.3 Most active five companies by Market strategies

                6.4 Top five companies by Financials

7. KEY COMPANY PROFILES

                7.1 ADAMA AGRICULTURAL SOLUTIONS LTD (FORMERLY MAKHTESHIM AGAN INDUSTRIES LTD) (ISRAEL)

                7.2 AMERICAN VANGUARD CORPORATION (UNITED STATES)

                7.3 BASF SE (GERMANY)

                7.4 BAYER CROPSCIENCE AG (GERMANY)

                7.5 BIOWORKS INC (UNITED STATES)

                7.6 DOW AGROSCIENCES LLC (UNITED STATES)

                7.7 DUPONT (UNITED STATES)

                7.8 FMC CORPORATION (UNITED STATES)

                7.9 MARRONE BIO INNOVATIONS INC (UNITED STATES)

                7.10 MONSANTO COMPANY (UNITED STATES)

                7.11 NATURAL INDUSTRIES (UNITED STATES)

                7.12 PLATFORM SPECIALTY PRODUCTS

                7.13 SYNGENTA INTERNATIONAL AG (SWITZERLAND)

                7.14 SUMITOMO CHEMICAL (JAPAN)

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