Market Size of South America Agrochemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
Major Players
*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.
