Latin America Fungicides Market

Latin America Fungicides Market Size, Growth, Trends and Forecast:

Latin America Fungicides Market was worth USD 2.61 billion in 2021 and is expected to reach USD 3.67 billion by 2026 with a CAGR of 5.3 %.Fungicides are a specific type of pesticide that are utilized to control fungi or its spores in crops. It can reduce diseases that reduce yield and quality of crop. Market interest for bio-based fungicides is also increasing, because of its ecofriendly nature.

Latin America Fungicides Market Drivers:

Driver such as rising need for food security for the increasing population, increasing loss of crop due to fungal disease, increasing investment in research and development, shrinking arable land, change in farming practices are boosting the market. Factors such as stringent regulatory conditions differs in countries, increase in environmental pollution and shift to genetically modified seeds are limiting the market.

Latin America Fungicides Market Segmentation:

Latin America Fungicides Market – By Type:

• Synthetic

  • Benzimidazoles
  • Triazoles
  • Chloronitriles
  • Phenylamides
  • Strobilurins
  • Dithiocarbamates
  • others
• bio fungicides

Latin America Fungicides Market – By Crop Type:

• Fruits and vegetables
• Oilseeds
• Pulses
• Cereals
• and Grains
• others

Latin America Fungicides Market – By Form:

• Liquid
• Wettable powder
• water dispersable powder

Latin America Fungicides Market – By Mode of Application:

• Soil treatment
• post-harvest
• foliar spray
• seed treatment
• others

Rise in popularity for Cereals and grains is attributable to the increased awareness about their nutritional advantages.

Geographical Analysis:

Based on Geography, this market is further segmented in to Brazil, Argentina and Mexico.

Major Key Players:

The Latin America fungicides market is influenced by key players such as BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Ltd, Bayer CropScience AG, Syngenta AG, Nippon Soda Co. Ltd, Cheminova A/S, and Nufarm Ltd.