South America Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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 Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Agrochemical Market Size

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Agrochemicals
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 4.10 %

Major Players

South America Agrochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Agrochemicals Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

South America Agrochemical Market Analysis

The South America Agrochemicals Market is expected to register a CAGR of 4.1% during the forecast period.

South America has established itself as a global agricultural powerhouse, occupying leading positions in exports of key commodities, including sugar, coffee, orange juice, soybeans, and soybean oil, while maintaining the second position for corn and soybean meal. The region's agricultural success is largely driven by Brazil's emergence as an agricultural superpower, which accounts for approximately 40-50% of the total agrochemical demand in South America. This dominance has been facilitated by increased mechanization, technological adoption, and extensive use of crop protection solutions. The expansion of farmland and adoption of modern agricultural practices have positioned South America as a crucial player in global food security.


The industry is witnessing a significant shift towards sustainable agriculture and organic farming practices, reflecting growing environmental consciousness and regulatory pressures. Argentina leads the region in organic farming with 3.6 million hectares of organic farmland, followed by Uruguay with 2.1 million hectares and Brazil with 1.2 million hectares. The International Federation of Organic Agriculture Movements (IFOAM) America Latina is playing a vital role in promoting sustainable agriculture and food security initiatives across the region. This transition is driving innovation in biopesticides and environmentally friendly farming solutions.


The agrochemical industry landscape is characterized by significant consolidation and intense competition among major players. The market structure reveals high concentration, with the top 10 companies controlling approximately 83.2% of the Brazilian market, which is representative of the broader regional trend. Major companies like Bayer Crop Science, BASF, FMC, Yara International, and ADAMA dominate the market through their extensive product portfolios and strong distribution networks. These companies are actively engaged in strategic partnerships and acquisitions to strengthen their market positions.


Innovation and product development remain key focus areas for industry players, with companies launching new solutions to address evolving agricultural challenges. In 2023-2024, several major players introduced innovative products, including Bayer's launch of new fungicide technologies and FMC's introduction of novel herbicide formulations. The industry has seen a particular emphasis on developing products that combine effectiveness with environmental sustainability, responding to increasing regulatory scrutiny and changing farmer preferences. This innovation trend is particularly evident in the agricultural biologicals and precision agriculture segments, where companies are investing in research and development to create more sustainable solutions.

Segment Analysis: By Type

Fertilizers Segment in South America Agrochemicals Market

The fertilizers segment continues to dominate the South American agrochemicals market, holding approximately 52% market share in 2024. This significant market position is driven by the increasing adoption of fertilizers across major agricultural regions, particularly in Brazil and Argentina. The segment's growth is primarily fueled by the rising demand for high-yield crops and the expansion of farming areas in countries like Brazil, which has emerged as an agricultural superpower. Various types of nitrogenous fertilizers, including urea, calcium ammonium nitrate, and ammonium sulfate, contribute to this segment's dominance, with urea accounting for more than half of the fertilizer consumption in the region. The segment's strong performance is further supported by government initiatives promoting agricultural self-sufficiency and the continuous expansion of biofuel production, which requires intensive fertilizer application.

Market Analysis of South America Agrochemicals Market: Chart for By Type

Adjuvants Segment in South America Agrochemicals Market

The adjuvants segment is emerging as the fastest-growing category in the South American agrochemicals market, projected to grow at approximately 5% during 2024-2029. This growth is primarily driven by increasing pest resistance issues, such as maize aphids, and diseases like Asian rust and white mold, particularly in Brazil's agricultural lands. The segment's expansion is further supported by the growing adoption of utility adjuvants in Brazil and Argentina, owing to their efficiency in improving pesticide performance. The introduction of novel and low-cost adjuvant products, combined with increasing farm expenditure and the adoption of protected and precision farming practices, is accelerating segment growth. Additionally, the development of green adjuvants, such as methylated seed oils and organo-modified siloxanes, is creating new opportunities due to their unique wetting, penetrating, and spreading properties.

Remaining Segments in South America Agrochemicals Market by Type

The pesticides and plant growth regulators segments complete the South American agrochemicals market landscape. The pesticides segment maintains a substantial presence in the market, with herbicides dominating the category and accounting for around 60% of pesticide usage. This segment's significance is particularly evident in Brazil and Argentina, where increasing pest resistance and expanding agricultural areas drive demand. Meanwhile, the plant growth regulators segment serves a specialized role in the market, focusing on enhancing crop productivity and quality through hormone-based solutions. These segments are continuously evolving with the introduction of new formulations and technologies, responding to the growing demand for sustainable agricultural practices and improved crop yields across the region.

Segment Analysis: By Application

Crop-based Segment in South America Agrochemicals Market

The crop-based segment dominates the South American agrochemicals market, accounting for approximately 87% of the total market share in 2024. This substantial market share is driven by the region's position as a global agricultural powerhouse, particularly in Brazil and Argentina. The segment's dominance is primarily attributed to the extensive cultivation of major crops like soybeans, corn, and sugarcane across South America. The increasing adoption of modern farming techniques, expanding agricultural land area, and growing food demand both domestically and internationally continue to fuel the demand for agricultural chemicals in crop-based applications. Additionally, the rise in pest resistance and plant diseases has led farmers to increase their usage of crop protection chemicals, further strengthening this segment's market position.

Fruits and Vegetables Segment in South America Agrochemicals Market

The fruits and vegetables segment is emerging as the fastest-growing application area in the South American agrochemicals market, projected to grow at approximately 4% during 2024-2029. This growth is primarily driven by the increasing demand for high-quality fruits and vegetables both for domestic consumption and export markets. The segment's expansion is further supported by the rising adoption of protected cultivation practices and precision farming techniques across the region. Farmers are increasingly focusing on maximizing yields and improving product quality through the judicious use of agricultural inputs, particularly in countries like Brazil and Chile, which are major exporters of fruits and vegetables. The growing awareness about integrated pest management practices and the need for sustainable agriculture is also influencing the application patterns of agrochemicals in this segment.

Remaining Segments in Application

The non-crop based segment, including turf and ornamental grass applications, plays a significant role in the South American agrochemicals market. This segment serves various non-agricultural purposes, including golf courses, public parks, and ornamental gardens. The demand in this segment is driven by the growing urbanization and increasing focus on landscape maintenance across major cities in South America. The segment has witnessed steady growth due to the rising importance of urban green spaces and the increasing adoption of professional turf management practices. Additionally, the ornamental plant industry's growth has contributed to the sustained demand for specialized agrochemical products in this segment.

South America Agrochemicals Market Geography Segment Analysis

Agrochemicals Market in Brazil

Brazil dominates the South American agrochemicals landscape, commanding approximately 75% of the regional market share. The country's emergence as an agricultural superpower has been spurred by increased mechanization and the adoption of advanced farming technologies. Brazil's agrochemical market is characterized by a robust distribution network and a strong presence of major global players, with the top 10 companies occupying nearly 83% of the market share. The country's strategic focus on expanding crop areas, particularly in soybeans and corn, coupled with new disease outbreaks and increased plantings of genetically modified crops, continues to drive market growth. The Brazilian government's initiatives to streamline regulatory processes and support agricultural expansion have created a favorable environment for agrochemical manufacturers. The country's diverse agricultural portfolio, ranging from extensive soybean fields to specialized fruit and vegetable production, necessitates a wide spectrum of crop protection solutions. Additionally, Brazil's position as a global agricultural powerhouse has attracted significant investment in research and development of new agrochemical formulations specifically tailored to local conditions and pest challenges.

Agrochemicals Market in Argentina

Argentina's agrochemicals market is projected to grow at approximately 4% CAGR during 2024-2029, driven by progressive agricultural policies and technological advancements. The country's agrochemical industry has witnessed significant transformation through the simplification of approval processes for agrochemicals and biological products, particularly through the plant and animal health inspection service, SENASA. Argentina's strong focus on sustainable agriculture practices has created new opportunities for eco-friendly agrochemical solutions. The presence of herbicide-resistant weeds remains a major concern, driving demand for innovative herbicide formulations and integrated pest management solutions. The country's agricultural sector benefits from well-established organizations like CASAFE and CIAFA, which represent both multinational and local agrochemical companies. Argentina's position as a major organic farming hub in South America has also influenced the development of specialized agrochemical products that comply with organic farming standards. The country's diverse climatic conditions and varied crop portfolio have necessitated the development of region-specific crop protection solutions.

Agrochemicals Market in Chile

Chile's agrochemicals market demonstrates strong potential driven by its sophisticated agricultural sector and export-oriented farming practices. The country has established itself as a significant player in fruit and vegetable exports, necessitating high-quality crop protection solutions. Chilean farmers are increasingly adopting integrated pest management practices and precision farming techniques, which have led to more targeted and efficient use of agrochemicals. The country's agricultural sector benefits from strong institutional support and research facilities that focus on developing sustainable agricultural practices. The presence of herbicide-resistant pests has spurred innovation in new product development and alternative control methods. Chile's commitment to sustainable agriculture has created opportunities for bio-based agrochemicals and organic farming solutions. The country's diverse agricultural regions, from arid northern areas to temperate southern zones, require specialized agrochemical solutions tailored to specific climatic conditions and crop requirements.

Agrochemicals Market in Uruguay

Uruguay's agrochemicals market is characterized by its strong focus on sustainable agricultural practices and environmental stewardship. The country has developed a sophisticated agricultural sector with a particular emphasis on livestock farming and crop production. Uruguay's strategic location between Brazil and Argentina has facilitated knowledge transfer and the adoption of advanced agricultural technologies. The country's agricultural sector benefits from strong institutional support and well-established farmer cooperatives that influence agrochemical purchasing decisions. Uruguay has made significant strides in implementing precision agriculture techniques, leading to more efficient use of agrochemicals. The country's commitment to sustainable farming practices has created opportunities for eco-friendly and biological crop protection solutions. Uruguay's agricultural landscape is marked by large-scale commercial farms that require comprehensive crop protection solutions, driving demand for innovative agrochemical products.

Agrochemicals Market in Other Countries

The agrochemicals market in other South American countries, including Colombia, Peru, and Paraguay, exhibits diverse characteristics shaped by their unique agricultural landscapes and regulatory environments. These countries are witnessing gradual technological advancement in farming practices, leading to more sophisticated agrochemical usage patterns. The agricultural sectors in these nations are characterized by a mix of traditional and modern farming practices, creating varied demands for different types of agricultural chemicals. Local governments are increasingly focusing on agricultural development through supportive policies and infrastructure development. The presence of both international and local agrochemical companies has created a competitive market environment, benefiting farmers through improved product access and technical support. These countries are also experiencing a gradual shift towards sustainable agriculture practices, influencing the type and quantity of agricultural chemicals used. The varied climatic conditions and crop diversity in these regions continue to drive the development of specialized agrochemical solutions suited to local requirements.

South America Agrochemical Industry Overview

Top Companies in South America Agrochemicals Market

The South American agrochemicals market is dominated by major global players, including BASF SE, Bayer CropScience, ADAMA, FMC Corporation, and Yara International, who have established a strong regional presence through extensive distribution networks. These companies are actively pursuing product innovation through significant R&D investments, particularly in developing eco-friendly and sustainable agrochemical solutions. Operational agility is demonstrated through strategic manufacturing facility placements and supply chain optimization across key agricultural regions like Brazil and Argentina. Companies are increasingly focusing on strategic partnerships and collaborations to enhance their technological capabilities and market reach. Geographic expansion strategies are primarily centered on strengthening presence in emerging agricultural markets while simultaneously upgrading existing facilities to meet growing demand and evolving regulatory requirements.

Consolidated Market with Strong Global Players

The South American agrochemicals market exhibits a highly consolidated structure where multinational conglomerates maintain significant market control through their established brand presence and comprehensive product portfolios. These dominant players leverage their global research capabilities, manufacturing expertise, and extensive distribution networks to maintain competitive advantages over regional specialists. The market has witnessed substantial merger and acquisition activity, particularly among major players seeking to strengthen their market position and expand their product offerings, with notable transactions including Bayer's acquisition of Monsanto and BASF's strategic acquisitions in the crop protection segment.


The competitive landscape is characterized by intense rivalry among established players, with competition primarily centered on product innovation, pricing strategies, and distribution network effectiveness. Local players, though fewer in number, maintain relevance through their deep understanding of regional agricultural practices and established farmer relationships. The market has seen increased participation from Asian manufacturers, particularly from China and India, who are gradually gaining market share through competitive pricing strategies and growing manufacturing capabilities.

Innovation and Sustainability Drive Future Success

Success in the South American agrochemicals market increasingly depends on companies' ability to develop innovative, sustainable solutions while navigating complex regulatory environments. Market leaders are investing heavily in research and development to create products that address specific regional crop protection needs while meeting stringent environmental standards. Companies are also focusing on developing integrated digital solutions and precision agriculture technologies to differentiate their offerings and create stronger value propositions for farmers. Building strong distribution networks and establishing direct relationships with large-scale farming operations have become crucial success factors.


For new entrants and smaller players, success lies in identifying and serving niche market segments while developing strategic partnerships with established players. The market presents moderate substitution risk from biological alternatives, driving companies to diversify their product portfolios to include bio-based solutions. Regulatory compliance remains a critical factor, with companies needing to maintain agility in adapting to evolving environmental and safety regulations. Future success will increasingly depend on companies' ability to balance product effectiveness with environmental sustainability while maintaining cost competitiveness in a price-sensitive market.

South America Agrochemical Market Leaders

  1. Bayer SA

  2. Yara Brasil SA

  3. Syngenta

  4. BASF SE

  5. Nufarm

  6. *Disclaimer: Major Players sorted in no particular order
SA agrochemical market MC.jpg
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South America Agrochemical Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Fertilizers
    • 5.1.2 Pesticides
    • 5.1.3 Adjuvants
    • 5.1.4 Plant Growth Regulators
  • 5.2 Application
    • 5.2.1 Crop Based
    • 5.2.1.1 Grains and Cereals
    • 5.2.1.2 Pulses and Oilseeds
    • 5.2.1.3 Fruits and Vegetables
    • 5.2.2 Non-Crop Based
    • 5.2.2.1 Turf and Ornamental Grass
    • 5.2.2.2 Other Non-crop Based
  • 5.3 Geography
    • 5.3.1 Brazil
    • 5.3.2 Argentina
    • 5.3.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Competitor Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Syngenta
    • 6.3.2 Bayer CropScience AG
    • 6.3.3 BASF SE
    • 6.3.4 Corteva Agriscience
    • 6.3.5 Archer-Daniels-Midland (ADM)
    • 6.3.6 FMC Corporation
    • 6.3.7 Agrium
    • 6.3.8 Potash Corporation of Saskatchewan
    • 6.3.9 Nufarm Ltd
    • 6.3.10 FMC
    • 6.3.11 Yara International
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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 Fertilizers
Pesticides
Adjuvants
Plant Growth Regulators
Application Crop Based Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Non-Crop Based Turf and Ornamental Grass
Other Non-crop Based
Geography Brazil
Argentina
Rest of South America
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South America Agrochemical Market Research FAQs

What is the current South America Agrochemicals Market size?

The South America Agrochemicals Market is projected to register a CAGR of 4.1% during the forecast period (2025-2030)

Who are the key players in South America Agrochemicals Market?

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

What years does this South America Agrochemicals Market cover?

The report covers the South America Agrochemicals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Agrochemicals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Agrochemicals Market Research

Mordor Intelligence offers a comprehensive analysis of the South America agrochemicals sector. We leverage extensive expertise in agricultural chemicals research and consulting. Our detailed report covers the full range of agricultural inputs, including fertilizers, pesticides, herbicides, fungicides, and insecticides. The analysis includes both traditional farm chemicals and emerging solutions such as bio pesticides and agricultural biologicals. Our report PDF is available for immediate download, providing in-depth coverage of plant growth regulators, synthetic fertilizers, and various crop protection products.

Stakeholders across the industry benefit from our thorough examination of agricultural nutrients and soil treatment chemicals. We pay particular attention to plant protection chemicals and crop care chemicals. The report delivers actionable insights on agricultural pesticides and agricultural fertilizers. It also explores innovative agricultural additives and agricultural biologicals. Our analysis supports decision-makers with detailed assessments of crop protection chemicals trends, enabling strategic planning and market positioning. The comprehensive report, available in an easy-to-read PDF format, provides valuable intelligence for manufacturers, distributors, and end-users operating in the South American region.