According to the latest report by IMARC Group, titled “Latin America Crop Protection Chemicals Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026,” the Latin America Crop Protection Chemicals Market to grow at a CAGR of around 6% during 2021-2026.
Crop protection chemicals represent the agricultural products used to manage plant diseases and prevent crop damage. These chemicals mainly comprise of herbicides, fungicides, insecticides, etc. Crop protection chemicals help in controlling and monitoring pests and diseases that may infect, consume, or damage crops. Besides this, they also aid farmers in enhancing crop productivity, increasing overall yield, improving food security, etc. As a result, such chemicals are used on various crop types, including cereals and grains, oilseeds, pulses, fruits, vegetables, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Latin America Crop Protection Chemicals Market Trends:
Significant growth of the agricultural sector and the expansion of farmlands are primarily driving the market growth in Latin America. Moreover, the elevating levels of urbanization and limited area of arable land are augmenting the demand for crop protection chemicals. Owing to this, several government bodies across the region are focusing on minimizing the conversion of natural areas, such as forests and native prairies, into farmlands. This, along with the escalating consumption of plant-based food products, is resulting in the increasing adoption of these chemicals to maximize agricultural yield per acre. Additionally, extensive R&D activities and the emergence of bio-based crop protection chemicals to reduce the adverse environmental impact of synthetic alternatives will continue to propel the market growth in Latin America over the forecasted period.
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Latin America Crop Protection Chemicals Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Adama Ltd. (China National Chemical Corporation Limited), BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Marrone Bio Innovations, Inc., Novozymes A/S, Sumitomo Chemical Co. Ltd, Syngenta (China National Chemical Corporation Limited) and UPL Limited.
The report has segmented the market on the basis on region, disc type, material type and end user.
Breakup by Origin:
Breakup by Product Type:
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
Breakup by Form:
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
Breakup by Country:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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