The Latin America Pesticide Intermediates Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.
Pesticides are substances that are meant to control weeds or pests. Most pesticides are intended to serve as plant protection products which in general protect plants from fungi, weeds or insects. Pesticide intermediates are used in producing these pesticides.
Pesticide intermediates are also used in manufacturing agricultural and other industrial products. These are used in the production of active ingredient or during the production of pesticide products. They are raw materials used for the manufacture of technical grade of active ingredient by purification or chemical reactions. It can be obtained from other sources and also can be manufactured on identical site as that of the final pesticide product. Environmental Protection Agency requires information regarding any toxic qualities of pesticide which may be harmful and these pesticides are tested thoroughly for effectiveness. These intermediate substances are also regulated by the toxic substances control act.
Latin America Pesticide Intermediates Market Drivers:
Pesticide intermediates are vital substances used for the production of active ingredient used in the formulation of pesticide. Hence, extensive demand for agricultural products is driving the Latin America pesticide intermediate market. Also, increase in Latin America population and hence the food demand is boosting the market growth. However, stringent regulations which are associated with the production and usage of pesticide intermediate constrain the market growth during the forecast period. Moreover, manufacturers of pesticide intermediate products give a lot of importance on the production of organic products to ensure its friendliness with humans, crops, and the environment.
Latin America Pesticide Intermediates Market – By Product Type:
chemical pesticide
Latin America Pesticide Intermediates Market – By Application:
Geographical Analysis:
The Latin America Pesticide Intermediates market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as rising populations and rising incidence of environmental pollution is expected to propel the market growth in the region.
Key Players:
Some of the major players in the market are Syngenta AG, Bayer, Dow AgroSciences, Monsanto Company, BASF SE, E. I. du Pont de Nemours and Company, ADAMA Agricultural Solutions Ltd., Nufarm Ltd., FMC corporation, and Lanxess.
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