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South America Crop Protection Chemicals Market Outlook, 2027

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    Report

  • 64 Pages
  • September 2022
  • Bonafide Research
  • ID: 5660367
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Crop protection chemicals aids 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. The report under the title, “South America Crop Protection Chemical Market Outlook, 2027”, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed into herbicide, insecticide, fungicides & bactericides, and others, in terms of products, and in terms of application, the market is classified into Cereals & grains, Oilseeds & pulses, fruits & vegetables, and others. These segments are analysed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations in the region.

South America is the second leading contributor in the global market, which held to more than a quarter of the market share in the year 2021. The agricultural sector in the region has been witnessing significant growth with a considerable expansion of the arable land, which aided the crop protection chemical market to grow with a historic growth rate of over 6%. Even though the overall market of the region holds a potential market scope, the smaller economies are likely to face hurdles of political & economic resolutions. For instance, the countries like Uruguay, Paraguay, and Bolivia do have a stable government, but due to their size, they are highly dependent on Brazil & Argentina. By the end of the forecasted period, the South America market for crop protection chemicals is expected to cross a value of USD 20 Billion by 2027. In South 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 South 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 South America.

The market is led by the herbicides segment which held more than 50% of the market share. Through the forecasted period, this segment is expected to be the fastest-growing segment, with the highest CAGR of almost 4%. Even though this region holds a high market share, it is quite sensitive to exchange rate and the value fluctuation due to political & economic impacts. The crop protection market is indirectly influenced by the closed economies and increase in tax. The herbicide segment in the region has seen several mergers and acquisitions by different companies, due to its sizable market share. The crop protection chemical is highly demanded in the region, given the fact that the region is a major exporter of agricultural products. In order to meet the food safety standards of the international market, it becomes important to keep a check on the residue limit of the pesticides. The major agricultural products exported are soybeans, corn, cotton, sugar, orange juice, coffee, bananas, ornamentals, cocoa, grapes, apples, and other fruits. The main importers are distributed between Asia, Europe, and the Middle East, and the United States. In terms of application, oilseed & pulses cultivation holds the highest share in the region. The demand for herbicides is high among the farmers who sow Soybean, maize, cotton, and wheat. However, through the forecasted period, the cereals & grains segment is likely to be growing with the highest anticipated CAGR of over 3.50%.

The region has a high dominance of Brazil, which held a share of more than 60% in 2021 . The country is one of the largest food producers and also agribusiness is seen as a major contributor to the Brazilian economy. The increase in demand is expected to raise the need for higher yield, which directly impacts crop protection chemical consumption. The region imports crop protection chemicals extensively from Canada, the Russian Federation and the United States, Morocco, Germany, Algeria, and China.

COVID-19 Impact

The Covid pandemic affected the market creating a moderate impact on the agricultural activities which in turn affected the crop protection market. along with this the market observed hinderance with the supply chain and distribution of these products as the countries in the region heavily import chemicals as a raw product from international trade. The pandemic saw closing down of international borders which affected this.

Major Companies mentioned: Basf SE, Bayer AG, Corteva AgriSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemicals, Syngenta AG, UPL

Considered in the report

  • Geography: South America
  • Base year: 2021
  • Historical year: 2016
  • Forecasted year: 2027

Countries covered:

  • Brazil
  • Argentina
  • Columbia

Aspects covered in the report

  • Market Size by Value for the period (2016-2027F)
  • Market Share by Product Type (Herbicide, Insecticide, Fungicides & Bactericides, and Others)
  • Market Share by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
  • Market Share by Region
  • Market Share by Country

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Agriculture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic / Demographic Snapshot
5. Global Crop Protection Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Product Type
5.2.2. By Application
5.2.3. By Region
5.2.4. By Country
5.2.5. By Company
6. South America Crop Protection Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Product Type
6.2.2. By Application
6.2.3. By Country
6.3. Brazil Crop Protection Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.3.2.1. By Product Type
6.3.2.2. By Application
6.4. Argentina Crop Protection Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.4.2.1. By Product Type
6.4.2.2. By Application
6.5. Columbia Crop Protection Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.5.2.1. By Product Type
6.5.2.2. By Application
7. Market Dynamics
7.1. Key Drivers
7.2. Key Challenges
8. Market Trends and Developments
9. Company Profiles
9.1. Basf SE
9.2. Bayer AG
9.3. Corteva Agrisciences
9.4. FMC Corporation
9.5. Huapont Life Sciences
9.6. Nufarm
9.7. Sumitomo Chemical
9.8. Syngenta AG
9.9. UPL
10. Strategic Recommendations11. Disclaimer
List of Figures
Figure 1: Global Crop Protection Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Crop Protection Market Share By Application (2016, 2021 & 2027F)
Figure 3: South America Crop Protection Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 4: South America Crop Protection Market Share By Application (2016, 2021 & 2027F)
Figure 5: Brazil Crop Protection Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 6: Argentina Crop Protection Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 7: Columbia Crop Protection Market Size - By Value 2016 to 2027F (In USD Billion)
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Crop Protection Market Share By Product Type (2016, 2021 & 2027F)
Table 5: Global Crop Protection Market Share by Region (2016, 2021 & 2027F)
Table 6: Global Crop Protection Market Share by Country (2016, 2021 & 2027F)
Table 7: Global Crop Protection Market Share by Company (2021) (In USD Billion)
Table 8: South America Crop Protection Market Share By Product Type (2016, 2021 & 2027F)
Table 9: South America Crop Protection Market Share by Country (2016, 2021 & 2027F)
Table 10: Brazil Crop Protection Market Share By Product Type (2016, 2021 & 2027F)
Table 11: Brazil Crop Protection Market Value By Product Type (2016, 2021 & 2027F) (In USD Billion)
Table 12: Brazil Crop Protection Market Growth Rate By Product Type (2026-2027F)
Table 13: Brazil Crop Protection Market Share By Application (2016, 2021 & 2027F)
Table 14: Brazil Crop Protection Market Value By Application (2016, 2021 & 2027F) (In USD Billion)
Table 15: Brazil Crop Protection Market Growth Rate By Product Type (2016-2027F)
Table 16: Argentina Crop Protection Market Share By Product Type (2016, 2021 & 2027F)
Table 17: Argentina Crop Protection Market Value By Product Type (2016, 2021 & 2027F) (In USD Billion)
Table 18: Argentina Crop Protection Market Growth Rate By Product Type (2026-2027F)
Table 19: Argentina Crop Protection Market Share By Application (2016, 2021 & 2027F)
Table 20: Argentina Crop Protection Market Value By Application (2016, 2021 & 2027F) (In USD Billion)
Table 21: Argentina Crop Protection Market Growth Rate By Product Type (2016-2027F)
Table 22: Columbia Crop Protection Market Share By Product Type (2016, 2021 & 2027F)
Table 23: Columbia Crop Protection Market Value By Product Type (2016, 2021 & 2027F) (In USD Billion)
Table 24: Columbia Crop Protection Market Growth Rate By Product Type (2026-2027F)
Table 25: Columbia Crop Protection Market Share By Application (2016, 2021 & 2027F)
Table 26: Columbia Crop Protection Market Value By Application (2016, 2021 & 2027F) (In USD Billion)
Table 27: Columbia Crop Protection Market Growth Rate By Product Type (2016-2027F)
Table 28: Key Facts of Basf SE
Table 29: Key Facts of Bayer AG
Table 30: Key Facts of Corteva Agrisciences
Table 31: Key Facts of FMC Corporation
Table 32: Key Facts of Huapont Life Sciences
Table 33: Key Facts of Nufarm
Table 34: Key Facts of Sumitomo Chemical
Table 35: Key Facts of Syngenta AG
Table 36: Key Facts of UPL