Latin America Crop Protection Chemicals Market Analysis, 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America Crop Protection Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America crop protection chemicals market exhibited moderate growth during 2015-2020. Crop protection chemicals refer to the agricultural products that are mainly used to manage plant diseases and prevent crop damage. These chemicals primarily include herbicides, fungicides and insecticides. Crop protection chemicals aid in monitoring and controlling pests and diseases that may infect, consume, or damage crops. Furthermore, they also assist the farmers in managing crop productivity, improving overall yield, and enhancing food security. As a result, crop protection chemicals are utilized on various crop types, including cereals and grains, oilseeds and pulses, fruits and vegetables, etc.

In Latin America, a significant growth in the agriculture sector along with the expansion of farmland is currently propelling the market growth. Furthermore, the growing consumption of plant-based food items is also driving the need for crop protection chemicals to maximize agricultural yield and improve food security. Additionally, the elevating levels of urbanization and limited availability of arable land, particularly across Brazil and Argentina, are further augmenting the demand for crop protection chemicals. In line with this, several government bodies across Latin America are focusing on lowering the need to convert natural areas, such as forests, native prairies, wetlands, wildlife habitat into farmlands. This has resulted in the growing adoption of crop protection chemicals for producing high agricultural yield per acre. Additionally, the extensive R&D activities for the launch of innovative product variants that are highly selective in their action to minimize the impact on non-target organisms are also bolstering the regional market. In the coming years, the emergence of bio-based crop protection chemicals to reduce the negative environmental impact of synthetic alternatives will continue to drive the market growth in Latin America. Looking forward, IMARC Group expects the Latin America crop protection chemicals market to grow at a CAGR of around 6% during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America crop protection chemicals market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, origin, product type, crop type, form and mode of application.

Breakup by Origin:

Synthetic
Bio-Based

Breakup by Product Type:

Herbicide
Fungicide
Insecticide
Others

Breakup by Crop Type:

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others

Breakup by Form:

Liquid
Solid

Breakup by Mode of Application:

Foliar Spray
Seed Treatment
Soil Treatment
Others

Breakup by Country:

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Adama Ltd. (China National Chemical Corporation Limited), BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Marrone Bio Innovations, Inc., Novozymes A/S, Sumitomo Chemical Co. Ltd, Syngenta (China National Chemical Corporation Limited) and UPL Limited.

Report Coverages:

Report Features	Details
Base Year of the Analysis	2020
Historical Period	2015-2020
Forecast Period	2021-2026
Units	US$ Billion
Segment Coverage	Origin, Product Type, Crop Type, Form, Mode of Application, Country
Countries Covered	Brazil, Mexico, Argentina, Columbia, Chile, Peru
Companies Covered	Adama Ltd. (China National Chemical Corporation Limited), BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Marrone Bio Innovations, Inc., Novozymes A/S, Sumitomo Chemical Co. Ltd, Syngenta (China National Chemical Corporation Limited) and UPL Limited.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Latin America crop protection chemicals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America crop protection chemicals market?
What are the key regional markets?
What is the breakup of the market based on the origin?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the crop type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the mode of application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Latin America crop protection chemicals market and who are the key players?
What is the degree of competition in the industry?