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According to the latest report by IMARC Group, titled “Latin America Crop Protection Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the latin america crop protection chemicals market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The agricultural goods used to control plant diseases and shield crops from harm include crop protection agents. 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.
Latin America Crop Protection Chemicals Market Trends and Drivers:
The extension of farmlands and the significant growth of the agricultural sector are what are principally causing the market to grow 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 Report Scope
CAGR of around 6% during 2021-2026.
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
country, origin, product type, crop type, form, mode of application.
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has segmented the market on the basis on country, origin, product type, crop type, form, mode of application.
Breakup by Mode of Application:
List of Major Key Players:
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.
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