South America Crop Protection Chemical Market Outlook, 2029

Crop Protection Chemical 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 .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 chemical market to grow.

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. In South America, a significant growth in the agriculture sector along with the expansion of farmland is currently propelling the market growth. In Brazil, the Agrochemical Law governs the approval, application, and selling of pesticides. IBAMA is responsible for ensuring that new products comply with safety and environmental standards during the approval process. Moreover, Brazil has taken steps to encourage sustainable farming methods, such as utilizing biopesticides and practicing organic agriculture. In Argentina, SENASA oversees the use of agrochemicals, mandating thorough testing and approval prior to sale.

According to the research report, 'South America Crop Protection Chemical Market Outlook, 2029,', the South America Crop Protection Chemical market is anticipated to add to more than USD 3.45 billion by 2024-29. Argentina, are further augmenting the demand for Crop Protection Chemical 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 Chemical 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 Chemical chemicals to reduce the negative environmental impact of synthetic alternatives will continue to drive the market growth in South America. Corteva is a key player in the Crop Protection Chemical industry in South America, providing a range of herbicides, insecticides, and seed products. The company is dedicated to sustainable farming and invests significantly in research and development. Syngenta collaborates with Brazilian universities and agricultural research organizations to create specialized solutions for Crop Protection Chemical, targeting local pest and disease issues. In addition, regional distributors such as Sodecar in Brazil and Agroconsult in Argentina prioritize providing agrochemical products to farmers promptly and conveniently. Agrovet Market Animal Health is a crucial supplier in the area, offering various Crop Protection Chemical products customized to meet the local agricultural requirements.

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. 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. Fungi, along with viruses, nematodes, and bacteria, are significant causes of crop loss in the region due to the diseases they cause in plants. Herbicides are essential for controlling weeds that compete with crops for resources like nutrients, water, and sunlight, ultimately leading to increased yields for crops such as rice, wheat, and soybeans.

The Crop Protection Chemical 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 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. Brazil and Argentina are leading global producers of oilseeds such as soybeans, vital for vegetable oil making and animal feed. Increasing global interest in plant-based proteins and healthy oils, along with a growing population, has led to a greater need for efficient Crop Protection Chemical methods to ensure high yields and protect crops from pests, diseases, and weeds. Pulses are gaining popularity for their nutritional benefits and ability to enhance soil health by fixing nitrogen.

This surge in their growth has increased the need for strong pest control methods. Bayer, Syngenta, and Corteva Agriscience are top providers in the market for protecting oilseed and pulses crops, offering a wide selection of herbicides and insecticides specifically designed for these crops. Companies such as Sodecar in Brazil and Agroconsult in Argentina are essential in giving farmers access to these products, helping them improve their production, and guaranteeing the sustainability of oilseed and pulse farming in the area.

The Brazil 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 chemical consumption. The region imports Crop Protection Chemical chemicals extensively from Canada, the Russian Federation and the United States, Morocco, Germany, Algeria, and China. Being one of the biggest agricultural producers globally, Brazil's vast lands create a strong need for Crop Protection Chemical products to fight against pests, diseases, and weeds. The diverse climate and ecosystems in the country require unique pest control strategies designed for specific regional challenges.

The Brazilian government has introduced measures to support sustainable agriculture by promoting the adoption of Integrated Pest Management (IPM) and biopesticides, which stimulate the creation of eco-friendly Crop Protection Chemical products. Furthermore, Brazil's significant focus on research and development in the agricultural industry has resulted in advancements in Crop Protection Chemical technology, improving both the effectiveness and safety of products. Moreover, with the participation of leading global corporations like Bayer, Syngenta, and Corteva Agriscience, as well as local businesses, competition and cooperation are promoted, making it easier for farmers to access cutting-edge agricultural solutions.

COVID-19 Impact

The Covid pandemic affected the market creating a moderate impact on the agricultural activities which in turn affected the Crop Protection Chemical market. Along with this the market observed hindrance 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, and UPL.

Considered in the report

• Geography: South America
• Base year: 2021
• Historical year: 2018
• Forecasted year: 2029

Countries covered

• Brazil
• Argentina
• Colombia

Aspects covered in the report

• Market Size by Value for the period (2018-2029F)
• 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

The approach of the report

We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise.

This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

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.

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