South America Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers South America Agricultural Adjuvants Market and is segmented by Product Type (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) By Application(Crop and Non-Crop Based) in countries such as Brazil, Argentina, and the Rest of South America.

South America Agrochemical Market Size

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %

Major Players

South America Agrochemicals Market

*Disclaimer: Major Players sorted in no particular order


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South America Agrochemical Market Analysis

South America Agrochemicals Market is projected to register a CAGR of 4.1% during the forecast period(202-2025). South America occupies the first position as an exporter of sugar, coffee, orange juice, soybean, and soybean oil, and the second position for corn and soybean meal. The food safety issues and the need for sustainable agriculture drive the biological segment of the market studied. The two main crops driving growth in the region are soybeans and corn. Brazil's emergence as an agricultural superpower has been spurred by the increased use of mechanized agriculture. The non-crop based application is estimated to be the fastest-growing segment than crop-based. The Brazilian national health surveillance agency, Anvisa, issued a resolution in December 2017, to amend the ban on the herbicide, paraquat. The residual toxicity and health hazards of toxic chemicals are creating an alarming situation in the South American agrochemical industry. Bayer Crop Science is a key player in South America and accounts for the majority of the market share in the South America agrochemicals market. Yara International, Syngenta, BASF, FMC, and Nufarm are some of the other key players in the market.

South America Agrochemical Market Trends

This section covers the major market trends shaping the South America Agrochemicals Market according to our research experts:

Growth of The Agriculture Sector

In recent years, insects, pests, and plant-parasitic nematodes became immensely resistant against agrochemicals like the crop protection chemicals. Brazil and Argentina are the world's two fastest-growing agrochemical markets. Organic farming in the region is increasing year-after-year and Argentina holds the major share in the market followed by Uruguay and Brazil. An important part of agriculture in Argentina is organized in a vertically-integrated system and organic farming is found throughout the country. The International Federation of Organic Agriculture Movements (IFOAM) America Latina is playing a vital role in sustainable agriculture and food security initiatives in South America. With the increased organic farmland, demand for biological chemicals is also expected to increase in the region. Despite its limited target pest specificity, it offers many opportunities for industries to boost sustainable agriculture for a healthier future. Each microbial pesticide is unique, not only in an organism or active ingredient but also with the host, the environment in which it is being applied, and the economics of production and control. The main crops driving growth in these countries are soybeans and corn. Finding sustainable ways to feed the rapidly increasing population while satisfying the evolving and diverse dietary needs of the growing middle class is an opportunity that can be utilized by South America. Therefore, the provision of agrochemicals plays an important role in the region.

South America Agrochemicals Market

Brazil Dominates the Market

Brazil is one of the fastest-growing economies and the largest crop protection markets in the world. The rapid growth of the crop protection market in the country can be attributed to an increase in the export demand for corn and soybeans has increased the acreage of these crops, thus increasing the use of crop protection products. Due to the increased attack of Asian Rust in Brazil, fungicides constituted the most sold products in 2016. Due to the illegal trade of insecticides, the category witnessed a drop in sales in 2016 as compared to the previous year. Brazil also imports agrochemicals from across the globe in which China is the top-most exporter of agrochemicals in Brazil. China is followed by the United States, India, Argentina, etc.

Key players occupy the majority of the Brazilian agrochemical market with Syngenta leading the sales of agrochemicals in Brazil. Bayer and BASF occupy the second and third positions. Syngenta's Viptera led to an increase in its participation in the market for the protection of corn in Brazil. An increase in domestic food consumption by the expanding population increases produced crops and the associated inputs. Increase in the adoption of high-value seed technology and the related seed protectant products purchased as insurance policies.

South America Agrochemicals Market

South America Agrochemical Industry Overview

New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share. The agrochemicals market is fragmented, with key players being Syngenta AG, Bayer CropScience, Yara Brasil SA, BASF SE, and Nufarm. In 2017, Dow and DuPont merger was successfully completed. The merger of both companies is the biggest strength as of now as well as a great opportunity for the future. The combined capabilities and highly productive innovation engine will enable the company to bring a broader suite of products to the market faster. Such activities are likely to bring consolidation in the market.

South America Agrochemical Market Leaders

  1. Bayer SA

  2. Yara Brasil SA

  3. Syngenta

  4. BASF SE

  5. Nufarm

*Disclaimer: Major Players sorted in no particular order

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South America Agrochemical Market Report - Table of Contents


    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Product Type

      1. 5.1.1 Fertilizers

      2. 5.1.2 Pesticides

      3. 5.1.3 Adjuvants

      4. 5.1.4 Plant Growth Regulators

    2. 5.2 Application

      1. 5.2.1 Crop Based

        1. Grains and Cereals

        2. Pulses and Oilseeds

        3. Fruits and Vegetables

      2. 5.2.2 Non-Crop Based

        1. Turf and Ornamental Grass

        2. Other Non-crop Based

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America


    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Syngenta

      2. 6.3.2 Bayer CropScience AG

      3. 6.3.3 BASF SE

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 Archer-Daniels-Midland (ADM)

      6. 6.3.6 FMC Corporation

      7. 6.3.7 Agrium

      8. 6.3.8 Potash Corporation of Saskatchewan

      9. 6.3.9 Nufarm Ltd

      10. 6.3.10 FMC

      11. 6.3.11 Yara International


  8. 8. IMPACT OF COVID-19

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South America Agrochemical Industry Segmentation

Agrochemicals are used for preventing the deterioration of crops from insects and pest infestation and disease. South America Agrochemicals Market report analysis offers the latest trends, growth factors, industry competitiveness, investment opportunities, detailed profile of the top players for the market during the forecast period.

Product Type
Plant Growth Regulators
Crop Based
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Non-Crop Based
Turf and Ornamental Grass
Other Non-crop Based
Rest of South America
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South America Agrochemical Market Research FAQs

The South America Agrochemicals Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Bayer SA, Yara Brasil SA, Syngenta, BASF SE and Nufarm are the major companies operating in the South America Agrochemicals Market.

The report covers the South America Agrochemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Agrochemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Agrochemical Industry Report

Statistics for the 2024 South America Agrochemical market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Agrochemical analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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South America Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)