Share on

Latin America Agrochemicals Market Research Report – Segmented By Type, Application Type, And Country (Brazil, Argentina, Mexico, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 915
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Agrochemicals Market (2023 to 2028)

The Latin American agrochemicals market is expected to be worth USD 31.01 billion in 2023 and USD 37.70 billion by 2028, growing at a CAGR of 3.98% during the forecast period from 2023 to 2028.

The agrochemicals market is deemed to be one of the most essential segments of agro-inputs, owing to the increasing commercial farming of high-value crops to meet the growing diversified food demand. Agrochemicals are therefore seen as those products that boost the return on investment and also help meet farmers' and customers' demands from the economic and health standpoint with growing per hectare production of quality agricultural crops.

The growth of the Latin American agrochemicals market is majorly driven by factors such as rising population, a wide range of pest control applications of Agrochemicals, and decreasing arable land.

However, safer substitutes such as bio-farming and organic pesticides and the volatile nature of economies in this region are the major restraining factors for the market in this region. Furthermore, agrochemicals get amassed on the land surface and may even pollute groundwater.

This research report on the Latin America agrochemicals market has been segmented and sub-segmented into the following categories.  

Latin America Agrochemicals Market – By Type:

  • Fertilizers
    • Nitrogenous
    • Phosphate
    • Potassic
  • Pesticides
    • Organophosphates
    • Pyrethroids
    • Biopesticides
  • Plant Growth Regulators
    • Auxins
    • Cytokinins
  • Adjuvants
    • Activator Adjuvants
    • Utility Adjuvants

Nitrogenous fertilizers lead the agrochemicals market on the basis of type. However, the demand for pesticides is increasing at a high rate, given the growing frequency of numerous pests and diseases. Currently, the pesticide market is being spearheaded by herbicide products, trailed by fungicides and insecticides.

Latin America Agrochemicals Market – By Application:

  • Crop Based
    • Oilseeds
    • Fruits & Vegetables
    • Grains & Cereals
  • Non-Crop Based
    • Turf & Ornamental Grass
    • others

By application, grains & cereals lead the market for Agrochemicals and this trend is anticipated to remain during the forecast period.

Latin America Agrochemicals Market – By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Latin America market region includes countries such as Brazil, Argentina, Mexico, and the remaining countries of South America. The Latin America region is one of the fastest-growing markets for agrochemicals due to the growing disposable income levels and rising food security in this region. High production of sugarcane and corn in South America is anticipated to drive the market in the region.

KEY MARKET PLAYERS:

The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

Please wait. . . . Your request is being processed

FAQ's

what is the current market size of Latin America agrochemicals market?

The Latin America agrochemicals market will be worth USD 31.01 billion in 2023.

How is the agrochemicals market in Mexico responding to the government's focus on sustainable agriculture practices?

In Mexico, the agrochemicals market is adapting to the government's emphasis on sustainable agriculture by witnessing an increased demand for eco-friendly and organic products.

what are the key factors driving the Latin America agrochemicals market?

The Latin American agrochemicals market is majorly driven by factors such as rising population, a wide range of pest control applications of Agrochemicals, and decreasing arable land.

Which crop forms are driving the growth of the agrochemicals market in Latin America?

Bio Form and Organic pesticides are major crops driving the growth of the agrochemicals market.

who are the key market players involved in the Latin America agrochemicals market?

Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample