South America Fungicide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The South America Fungicide Market is segmented by Application Mode (Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment), by Crop Type (Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental) and by Country (Argentina, Brazil, Chile). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by application mode and crop types.

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South America Fungicide Market Size

South America Fungicide Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 5.74 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 7.04 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Application Mode Foliar
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 4.18 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Brazil

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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South America Fungicide Market Analysis

The South America Fungicide Market size is estimated at 5.74 billion USD in 2024, and is expected to reach 7.04 billion USD by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).

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5.74 Billion

Market Size in 2024 (USD)

7.04 Billion

Market Size in 2029 (USD)

-1.69 %

CAGR (2017-2023)

4.18 %

CAGR (2024-2029)

Largest Segment by Application Mode

57.97 %

value share, Foliar, 2023

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Foliar fungicides are often preferred due to their cost-effectiveness, targeted approach, and efficient absorption, which contribute to cost-effective disease control.

Largest Segment by Crop Type

45.76 %

value share, Pulses & Oilseeds, 2023

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Soybean is a major oilseed crop in countries like Brazil, Argentina, Paraguay, and Uruguay and is more susceptible to fungal diseases. Hence, it needs fungicide applications.

Largest Segment By Country

81.55 %

value share, Brazil, 2023

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Continuous expansion and diversification of agriculture in Brazil have increased the threat of fungal diseases, which can adversely impact crops, leading to yield losses.

Leading Market Player 1

27.09 %

market share, Syngenta Group, 2022

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The company launched TYMIRIUM® technology, a low-dose active ingredient, to combat nematodes and soil-borne and seed-borne fungal diseases through seed treatments.

Leading Market Player 2

16.73 %

market share, Bayer AG, 2022

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Bayer's acquisitions and partnerships with companies like Monsanto and Oerth Bio enhanced the product portfolio offered in the country, boosting the company's growth in the market.

The foliar application holds the utmost significance as the primary mode of fungicide application

  • In South America, numerous methods of fungicide applications are utilized to effectively control fungal diseases in agriculture. By choosing suitable application methods, farmers can attain cost-efficient solutions, ensuring accurate coverage of specific areas and minimizing unnecessary usage. This improved efficacy optimizes fungicide utilization, resulting in decreased input costs for farmers.
  • Among various fungicide application methods in agriculture, foliar application is the dominant mode, accounting for 57.9% of the total fungicide usage in 2022. This approach is primarily utilized in pulses and oilseeds, which hold the largest market share at 45.4%. The targeted and efficient absorption properties of foliar application contribute to its effectiveness in controlling diseases, potentially resulting in increased yields and saving costs for farmers.
  • In 2022, the seed treatment method held the second-largest market share, comprising 14.8% of the total. The rise in farmers' awareness about the benefits of using fungicide seed treatment products to protect seedlings and boost productivity has resulted in a significant rise in their adoption. As a result, it is projected that the South American fungicide seed treatment market may experience a CAGR of 4.1% during the forecast period from 2023 to 2029.
  • In the agricultural sector of South America, fungicides are utilized with the primary aim of maximizing crop yields and improving overall profitability. The mode of the application segment is anticipated to experience substantial growth, with a CAGR of 2.3% during the forecast period from 2023 to 2029.
South America Fungicide Market

Brazil dominated the market as the threat of fungal diseases to crops became increasingly significant

  • Many crops thrive in the tropical climates of South America. Brazil, Argentina, and Paraguay are the three major agricultural producers in South America. These countries are major exporters of soybeans, maize, sugar, coffee, fruits, and vegetables.
  • Brazil dominated the market, accounting for a market share of 81.5% in 2022. As Brazil's agriculture expands and diversifies, the threat of fungal diseases to crops becomes increasingly significant. Fungal pathogens can adversely impact a wide range of crops, leading to yield losses, reduced quality, and economic losses for farmers.
  • Chile accounted for 5.1% of the South American fungicide market in 2022. Chile has a temperate climate in the Atacama Desert in the north, a Mediterranean climate in the central and fertile central valley region, and a cool and damp climate in the southern low coastal mountains and rugged Andes in the east. These climatic conditions favor the proliferation of fungal diseases in the country. Captan and thiram are two fungicides widely used in Chile. Captan is found to have the greatest interaction with natural soils with high organic matter content, while thiram showed a preference for soils with high clay content.
  • Factors driving the market for fungicides include decreasing arable land, increasing population, and the need to improve crop yields. Resistance of various fungi to the existing fungicides and the emergence of new diseases in plants led the companies to find novel products for fighting the new fungus mutations and reducing the loss to farmers. The increasing demand for fungicides to fight crop diseases is expected to drive the market during the forecast period.

South America Fungicide Market Trends

Intensification of agricultural practices, such as increased planting densities, creates a conducive environment for the rapid proliferation of fungal pathogens

  • Fungal infections can weaken the overall health of plants, leading to stunted growth. Infected plants may exhibit reduced height, smaller leaves, and fewer branches, which can directly translate into lower crop yields. Fungi can also disrupt the hormonal balance within plants, affecting their development and overall productivity.
  • The Southern Cone of South America is one of the most critical regions for disease epidemics. The region is comprised of Argentina, Bolivia, Chile, Brazil, Paraguay, and Uruguay. Serious diseases that cause epidemics and production losses include leaf rusts, powdery mildew, and fungal leaf blights (Septoria leaf blotch, spot blotch). These diseases are present every year since normal conditions are conducive to their appearance and dissemination.
  • Chile is the largest consumer of fungicides in South America, with a consumption of 4.1 kg/ha in the year 2022. This is because certain regions in Chile have climatic conditions, such as high humidity, rainfall, and temperature fluctuations, which can create a conducive environment for fungal disease development. To prevent and manage these diseases, farmers often rely on fungicides as a proactive measure.
  • Climatic conditions prevailing in southern Brazil are highly conducive to the development of several important fungal foliar diseases. A twelve-year study demonstrated that wheat plants sprayed with fungicide showed a mean yield increase of 40%. Brazil accounted for the second most fungicide consumption rate of 0.9 kg/ha in 2022.
  • The intensification of agricultural practices, such as increased planting densities, creates a conducive environment for the rapid proliferation and establishment of fungal pathogens, thereby fueling the demand for fungicides during the forecast period.
South America Fungicide Market

Mancozeb is the most popularly used fungicide in South America

  • Mancozeb is a fungicide belonging to the chemical class of dithiocarbamates. It is commonly used in South America to control fungal diseases in various crops. Mancozeb is effective in managing a wide range of fungal diseases, including late blight, downy mildew, early blight, and anthracnose, in crops like potatoes, tomatoes, grapes, and bananas. Mancozeb works by interfering with the metabolic processes of the fungi, preventing their growth and reproduction. In addition, Mancozeb has a broad spectrum of activity compared to other fungicides and acts on multiple sites within the fungal cell, making it more effective. Mancozeb was priced at USD 7.8 thousand in South America in 2022.
  • Propineb is also a fungicide belonging to the chemical class of dithiocarbamates, similar to Mancozeb. It is used to control various fungal diseases in agriculture. Propineb is effective in managing fungal diseases such as downy mildew, late blight, leaf spot, and blight in various crops. Like Mancozeb, Propineb also works through multi-site activity, making it less prone to resistance development in fungal populations. Propineb was priced at USD 3.54 thousand in South America in the year 2022.
  • Similar to Mancozeb and Propineb, Ziram belongs to the chemical class of dithiocarbamates, priced at USD 3.3 thousand per metric in 2022. It is commonly used to control fungal diseases in agriculture and is known to effectively manage fungal diseases such as common blight, downy mildew, leaf spot, and anthracnose. Ziram inhibits several key enzymes in the fungal cell, disrupting various metabolic processes and interfering with the pathogens' ability to grow and reproduce. The multi-site activity makes it an effective tool for disease control over the long term.
South America Fungicide Market

South America Fungicide Industry Overview

The South America Fungicide Market is moderately consolidated, with the top five companies occupying 63.23%. The major players in this market are BASF SE, Bayer AG, Corteva Agriscience, Syngenta Group and UPL Limited (sorted alphabetically).

South America Fungicide Market Leaders

  1. BASF SE

  2. Bayer AG

  3. Corteva Agriscience

  4. Syngenta Group

  5. UPL Limited

South America Fungicide Market Concentration

Other important companies include ADAMA Agricultural Solutions Ltd., American Vanguard Corporation, FMC Corporation, Rainbow Agro, Sumitomo Chemical Co. Ltd.

*Disclaimer: Major Players sorted in alphabetical order.

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South America Fungicide Market News

  • February 2023: ADAMA opened a new multi-purpose facility in Brazil. With this factory, the company will be able to deliver all the Prothioconazole-based products in its pipeline to the global market and achieve its objective of introducing a number of innovative items to the Brazilian market in the upcoming years.
  • January 2023: Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.
  • October 2022: HavizaTM Active was the newest fungicide brand added to Corteva Agriscience's strong innovation pipeline. The product is an alternative for farmers in South America to manage Asian soybean rot. The company broadened its active class of picolinamide through this innovation.

Free with this Report

Along with the report, We also offer a comprehensive and exhaustive data pack with 50+ graphs on insecticide, fungicides, and herbicides consumption per hectare and the average price of active ingredients used in insecticides, fungicides, herbicides, nematicides, and molluscicides. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.

South America Fungicide Market
South America Fungicide Market
South America Fungicide Market
South America Fungicide Market

South America Fungicide Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Consumption Of Pesticide Per Hectare

    2. 2.2. Pricing Analysis For Active Ingredients

    3. 2.3. Regulatory Framework

      1. 2.3.1. Argentina

      2. 2.3.2. Brazil

      3. 2.3.3. Chile

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Application Mode

      1. 3.1.1. Chemigation

      2. 3.1.2. Foliar

      3. 3.1.3. Fumigation

      4. 3.1.4. Seed Treatment

      5. 3.1.5. Soil Treatment

    2. 3.2. Crop Type

      1. 3.2.1. Commercial Crops

      2. 3.2.2. Fruits & Vegetables

      3. 3.2.3. Grains & Cereals

      4. 3.2.4. Pulses & Oilseeds

      5. 3.2.5. Turf & Ornamental

    3. 3.3. Country

      1. 3.3.1. Argentina

      2. 3.3.2. Brazil

      3. 3.3.3. Chile

      4. 3.3.4. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)

      1. 4.4.1. ADAMA Agricultural Solutions Ltd.

      2. 4.4.2. American Vanguard Corporation

      3. 4.4.3. BASF SE

      4. 4.4.4. Bayer AG

      5. 4.4.5. Corteva Agriscience

      6. 4.4.6. FMC Corporation

      7. 4.4.7. Rainbow Agro

      8. 4.4.8. Sumitomo Chemical Co. Ltd

      9. 4.4.9. Syngenta Group

      10. 4.4.10. UPL Limited

  7. 5. KEY STRATEGIC QUESTIONS FOR CROP PROTECTION CHEMICALS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. FUNGICIDE CONSUMPTION PER HECTARE, GRAMS, SOUTH AMERICA, 2017 - 2022
  1. Figure 2:  
  2. ACTIVE INGREDIENT PRICE PER METRIC TON, USD, SOUTH AMERICA, 2017 - 2022
  1. Figure 3:  
  2. FUNGICIDE VOLUME METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 4:  
  2. FUNGICIDE VALUE USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 5:  
  2. FUNGICIDE MARKET BY APPLICATION MODE, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. FUNGICIDE MARKET BY APPLICATION MODE, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. VALUE SHARE OF FUNGICIDE BY APPLICATION MODE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 8:  
  2. VOLUME SHARE OF FUNGICIDE BY APPLICATION MODE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 9:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 10:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 11:  
  2. VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 12:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF FOLIAR BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 15:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF FUMIGATION BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 18:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 21:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 24:  
  2. FUNGICIDE MARKET BY CROP TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 25:  
  2. FUNGICIDE MARKET BY CROP TYPE, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF FUNGICIDE BY CROP TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 27:  
  2. VOLUME SHARE OF FUNGICIDE BY CROP TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 28:  
  2. FUNGICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. FUNGICIDE CONSUMED BY COMMERCIAL CROPS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 31:  
  2. FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 32:  
  2. FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 34:  
  2. FUNGICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 35:  
  2. FUNGICIDE CONSUMED BY GRAINS & CEREALS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 37:  
  2. FUNGICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 38:  
  2. FUNGICIDE CONSUMED BY PULSES & OILSEEDS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 40:  
  2. FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 41:  
  2. FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE SHARE OF TURF & ORNAMENTAL BY APPLICATION MODE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 43:  
  2. FUNGICIDE MARKET BY COUNTRY, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 44:  
  2. FUNGICIDE MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF FUNGICIDE BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 46:  
  2. VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 47:  
  2. FUNGICIDE CONSUMED BY ARGENTINA, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 48:  
  2. FUNGICIDE CONSUMED BY ARGENTINA, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF ARGENTINA BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 50:  
  2. FUNGICIDE CONSUMED BY BRAZIL, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 51:  
  2. FUNGICIDE CONSUMED BY BRAZIL, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF BRAZIL BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 53:  
  2. FUNGICIDE CONSUMED BY CHILE, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 54:  
  2. FUNGICIDE CONSUMED BY CHILE, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF CHILE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 56:  
  2. FUNGICIDE CONSUMED BY REST OF SOUTH AMERICA, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 57:  
  2. FUNGICIDE CONSUMED BY REST OF SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 58:  
  2. VALUE SHARE OF REST OF SOUTH AMERICA BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 59:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2017-2022
  1. Figure 60:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2017-2022
  1. Figure 61:  
  2. MARKET SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA 2022

South America Fungicide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Argentina, Brazil, Chile are covered as segments by Country.

  • In South America, numerous methods of fungicide applications are utilized to effectively control fungal diseases in agriculture. By choosing suitable application methods, farmers can attain cost-efficient solutions, ensuring accurate coverage of specific areas and minimizing unnecessary usage. This improved efficacy optimizes fungicide utilization, resulting in decreased input costs for farmers.
  • Among various fungicide application methods in agriculture, foliar application is the dominant mode, accounting for 57.9% of the total fungicide usage in 2022. This approach is primarily utilized in pulses and oilseeds, which hold the largest market share at 45.4%. The targeted and efficient absorption properties of foliar application contribute to its effectiveness in controlling diseases, potentially resulting in increased yields and saving costs for farmers.
  • In 2022, the seed treatment method held the second-largest market share, comprising 14.8% of the total. The rise in farmers' awareness about the benefits of using fungicide seed treatment products to protect seedlings and boost productivity has resulted in a significant rise in their adoption. As a result, it is projected that the South American fungicide seed treatment market may experience a CAGR of 4.1% during the forecast period from 2023 to 2029.
  • In the agricultural sector of South America, fungicides are utilized with the primary aim of maximizing crop yields and improving overall profitability. The mode of the application segment is anticipated to experience substantial growth, with a CAGR of 2.3% during the forecast period from 2023 to 2029.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Country
Argentina
Brazil
Chile
Rest of South America
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Market Definition

  • Function - Fungicides are chemicals used to control or prevent fungi from damaging the crop and prevent yield loss.
  • Application Mode - Foliar, Seed Treatment, Soil Treatment, Chemigation, and Fumigation are the different type of application modes through which crop protection chemicals are applied to the crops.
  • Crop Type - This represents the consumption of crop protection chemicals by Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turf, and Ornamental crops.
Keyword Definition
IWM​ Integrated weed management (IWM) is an approach to incorporate multiple weed control techniques throughout the growing season to give producers the best opportunity to control problematic weeds.​
Host​ Hosts are the plants that form relationships with beneficial microorganisms and help them colonize.​
Pathogen​ A disease-causing organism.​
Herbigation​ Herbigation is an effective method of applying herbicides through irrigation systems.​
Maximum residue levels (MRL)​ Maximum Residue Limit (MRL) is the maximum allowed limit of pesticide residue in food or feed obtained from plants and animals.
IoT​ The Internet of Things (IoT) is a network of interconnected devices that connect and exchange data with other IoT devices and the cloud.​
Herbicide-tolerant varieties (HTVs)​ Herbicide-tolerant varieties are plant species that have been genetically engineered to be resistant to herbicides used on crops.​
Chemigation​ Chemigation is a method of applying pesticides to crops through an irrigation system.​
Crop Protection​ Crop protection is a method of protecting crop yields from different pests, including insects, weeds, plant diseases, and others that cause damage to agricultural crops.​
Seed Treatment​ Seed treatment helps to disinfect seeds or seedlings from seed-borne or soil-borne pests. Crop protection chemicals, such as fungicides, insecticides, or nematicides, are commonly used for seed treatment.
Fumigation​ Fumigation is the application of crop protection chemicals in gaseous form to control pests.
Bait ​A bait is a food or other material used to lure a pest and kill it through various methods, including poisoning.
Contact Fungicide​ Contact pesticides prevent crop contamination and combat fungal pathogens.​ They act on pests (fungi) only when they come in contact with the pests.
Systemic Fungicide​ A systemic fungicide is a compound taken up by a plant and then translocated within the plant, thus protecting the plant from attack by pathogens.​
Mass Drug Administration (MDA)​ Mass drug administration is the strategy to control or eliminate many neglected tropical diseases​.
Mollusks​ Mollusks are pests that feed on crops, causing crop damage and yield loss. Mollusks include octopi, squid, snails, and slugs.
Pre-emergence Herbicide​ Preemergence herbicides are a form of chemical weed control that prevents germinated weed seedlings from becoming established.​
Post-emergence Herbicide​ Postemergence herbicides are applied to the agricultural field to control weeds after emergence (germination) of seeds or seedlings.​
Active Ingredients​ Active ingredients are the chemicals in pesticide products that kill, control, or repel pests.​
United States Department of Agriculture (USDA)​ The Department of Agriculture provides leadership on food, agriculture, natural resources, and related issues​.
Weed Science Society of America (WSSA) ​ The WSSA, a non-profit professional society, promotes research, education, and extension outreach activities related to weeds​.
Suspension concentrate​ Suspension concentrate (SC) is one of the formulations of crop protection chemicals with solid active ingredients dispersed in water.​
Wettable powder​ A wettable powder (WP) is a powder formulation that forms a suspension when mixed with water prior to spraying. ​
Emulsifiable concentrate ​ Emulsifiable concentrate (EC) is a concentrated liquid formulation of pesticide that needs to be diluted with water to create a spray solution.​
Plant-parasitic nematodes ​ Parasitic Nematodes feed on the roots of crops, causing damage to the roots. These damages allow for easy plant infestation by soil-borne pathogens, which results in crop or yield loss.
Australian Weeds Strategy (AWS)​ The Australian Weeds Strategy, owned by the Environment and Invasives Committee, provides national guidance on weed management.​
Weed Science Society of Japan (WSSJ) ​ WSSJ aims to contribute to the prevention of weed damage and the utilization of weed value by providing the chance for research presentation and information exchange.​
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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South America Fungicide Market Research FAQs

The South America Fungicide Market size is expected to reach USD 5.74 billion in 2024 and grow at a CAGR of 4.18% to reach USD 7.04 billion by 2029.

In 2024, the South America Fungicide Market size is expected to reach USD 5.74 billion.

BASF SE, Bayer AG, Corteva Agriscience, Syngenta Group and UPL Limited are the major companies operating in the South America Fungicide Market.

In the South America Fungicide Market, the Foliar segment accounts for the largest share by application mode.

In 2024, Brazil accounts for the largest share by country in the South America Fungicide Market.

In 2023, the South America Fungicide Market size was estimated at 5.74 billion. The report covers the South America Fungicide Market historical market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. The report also forecasts the South America Fungicide Market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023.

South America Fungicide Industry Report

Statistics for the 2023 South America Fungicide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Fungicide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.