Latin America Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides, Fungicides], Biological), Form (Liquid, Solid), Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), and Crop Type - Forecast to 2030

Latin America Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides, Fungicides], Biological), Form (Liquid, Solid), Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), and Crop Type - Forecast to 2030

The research report titled ‘Latin America Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides, Fungicides], Biological), Form (Liquid, Solid), Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), and Crop Type - Forecast to 2030’ provides an in-depth analysis of the Latin America crop protection chemicals market across eight major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

In terms of value, the Latin America crop protection chemicals market is expected to reach $26.04 billion by 2030, at a CAGR of 2.6% from 2023 to 2030. In terms of volume, the market is expected to reach 3,681,637.4 tons by 2030, at a CAGR of 2.2% from 2023 to 2030.

The growth of this market is attributed to the rising need to enhance crop yield and quality, the increasing demand for cost-effective crop protection solutions, the growing awareness about environmental safety, and the decrease in arable land. Additionally, emerging economies in Latin America and the growing emphasis on integrated pest management strategies are expected to offer significant growth opportunities for market players.

The key players operating in the Latin America crop protection chemicals market include BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), American Vanguard Corporation (U.S.), and Gowan Company LLC (U.S.).

The study offers a comprehensive analysis of the crop protection chemicals market based on type, form, mode of application, crop type, and geography.

The Latin America crop protection chemicals market is segmented by type (Synthetic Crop Protection Chemicals {Herbicides [glyphosates, acetochlor, 2,4-D, atrazine, and other herbicides], Insecticides [organophosphates, pyrethroids, carbamates, organochlorides, and other insecticides], Fungicides [Triazole, Strobilurins, Chloronitriles, Dithiocarbamates, Phenylamides, Benzimidazoles, and Other Fungicides], Other Synthetic Crop Protection Chemicals} and Biological Crop Protection Chemicals {bioinsecticides, biofungicides, bionematicides, bioherbicides, and other biological crop protection chemicals}), form (liquid form and dry form), mode of application (foliar spray, seed treatment, soil treatment, and other modes of application), crop type (cereals & grains {maize/corn, wheat, and other cereals & grains}, oilseeds & pulses, fruits & vegetables, and other crops), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Among the types covered in the report, in 2023, the synthetic crop protection chemicals segment is expected to account for the largest share of the Latin America crop protection chemicals market. The significant market share of this segment is attributed to the increasing use of crop protection chemicals in developing countries, their ease of availability, high efficiency, and lower cost compared to biological products.

However, the biological chemicals segment is projected to register the highest growth rate during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the increasing adoption of organic farming, growing environmental and public health concerns regarding the use of chemical crop protection products, high demand for chemical residue-free agricultural products, and the initiatives by governments worldwide to promote the use of biological crop protection products.

Based on form, in 2023, the liquid segment is expected to account for the larger share of the Latin America crop protection chemicals market. The significant market share of this segment can be attributed to the benefits offered by liquid crop protection chemicals, such as uniform and easy application, higher efficacy, and longer effective duration (up to 6 months) compared to the dry form (up to 3 months).

Moreover, the liquid segment is projected to register significant growth during the forecast period. The growth of this segment is driven by the rising adoption of irrigation techniques, such as drip irrigation and sprinkler irrigation, where liquid crop protection chemicals are widely used.

Among the modes of applications covered in this report, in 2023, the foliar spray segment is expected to account for the largest share of the Latin America crop protection chemicals market. The large market share of this segment is attributed to the benefits offered by foliar spray application, such as high efficiency, uniform distribution of chemicals, and minimal to no wastage of crop protection chemicals.

However, the seed treatment segment is projected to register significant growth during the forecast period of 2023–2030. The growth of this segment is mainly driven by the increased germination and uniform seedling emergence, safety, and pest resistance advantages associated with the use of seed treatment techniques. In this method, microbial pesticides are often applied alongside chemical pesticides, as chemical pesticides provide early-season control, and microbial pesticides provide extended control.

Among the crop types covered in this report, in 2023, the fruits & vegetables segment is expected to account for the largest share of the Latin America crop protection chemicals market. The large market share of this segment is attributed to the increasing fruit & vegetable production in Latin America, the growing demand for chemical residue-free organic fruits & vegetables, and the increasing financial losses due to diseases affecting fruit & vegetable crops.

Based on geography, the market is segmented into eight major geographies: Brazil, Mexico, Argentina, Chile, Colombia, Uruguay, Peru, and the Rest of Latin America. In 2023, Brazil is expected to account for the largest share of the Latin America crop protection chemicals market. Brazil’s significant market share is attributed to its growing economy, increasing population, vast agricultural area, modernization of farming, limited availability of arable land, high agrochemical consumption, and expanding land coverage under organic cultivation.

Scope of the Report:

Latin America Crop Protection Chemicals Market Assessment - by Type

Synthetic Crop Protection Chemicals
Herbicides
Glyphosates
Potassium Glyphosate
Isopropylamine Glyphosate
Other Salts of Glyphosate
Acetochlor
2,4-D
Atrazine
Other Herbicides
Insecticides
Organophosphates
Pyrethroids
Carbamates
Organochlorides
Other Insecticides
Fungicides
Triazole
Strobilurins
Chloronitriles
Dithiocarbamates
Phenylamides
Benzimidazoles
Other Fungicides
Other Synthetic Crop Protection Chemicals
Biological Crop Protection Chemicals
Bioinsecticides
Biofungicides
Bionematicides
Bioherbicides
Other Biological Crop Protection Chemicals

Latin America Crop Protection Chemicals Market Assessment - by Form

Liquid
Dry

Latin America Crop Protection Chemicals Market Assessment - by Mode of Application

Foliar Spray
Seed Treatment
Soil Treatment
Other Modes of Application

Latin America Crop Protection Chemicals Market Assessment - by Crop Type

Fruits & Vegetables
Cereals & Grains
Maize/Corn
Wheat
Other Cereals & Grains
Oilseeds & Pulses
Other Crops

Latin America Crop Protection Chemicals Market Assessment - by Geography

Brazil
Mexico
Argentina
Chile
Colombia
Uruguay
Peru
Rest of Latin America (RoLATAM)

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, form, mode of application, crop type, and geography?
What was the historical market size for the crop protection chemicals market in Latin America?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the Latin America crop protection chemicals market?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
How is the competitive landscape for the Latin America crop protection chemicals market?
What are the different strategies adopted by the major players in the Latin America crop protection chemicals market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the Latin America crop protection chemicals market, and how do they compete with other players?

Latin America Crop Protection Chemicals Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	347
Units Referenced	Value (USD Million), Volume (Tons)
Segments/Key Topics	Market by Type, Market by Form, Market by Mode of Application, Market by Crop Type, Market by Country
Regions Covered	Brazil, Mexico, Argentina, Chile, Colombia, Uruguay, Peru, Rest of Latin America
Key Companies Mentioned	BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland) (A Part of China National Chemical Corporation/ChemChina), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), American Vanguard Corporation (U.S.), and Gowan Company LLC (U.S.).

FAQs About the Report

What is the Focus of the Latin America Crop Protection Chemicals Market Study?

This report covers the market sizes & forecasts of the Latin America crop protection chemicals market based on type, form, mode of application, crop type, and geography. This report also provides the value & volume analysis of various segments and subsegments of the Latin America crop protection chemicals market at the country levels.

What is the Size of the Latin America Crop Protection Chemicals Market, and at what CAGR is this market projected to grow during 2023–2030?

In terms of value, the Latin America crop protection chemicals market is expected to reach $26.04 billion by 2030, at a CAGR of 2.6% from 2023 to 2030. In terms of volume, the market is expected to reach 3,681,637.4 tons by 2030, at a CAGR of 2.2% from 2023 to 2030.

Which Type Category is Expected to Hold the Major Share of the Market in 2023?

Based on type, in 2023, the synthetic crop protection chemicals segment is expected to account for the larger share of the Latin America crop protection chemicals market.

Which is the High-growth Mode of Application Segment of the Latin America Crop Protection Chemicals Market?

Among the modes of application covered in this report, the seed treatment segment is projected to witness the highest growth rate during the forecast period of 2023–2030. The growth of this segment is mainly driven by the increased germination and uniform seedling emergence, safety, and pest resistance advantages associated with the use of seed treatment techniques. In this method, microbial pesticides are often applied alongside chemical pesticides, as chemical pesticides provide early-season control, and microbial pesticides provide extended control.

What are the Key Factors Supporting the Growth of this market? What are the Major Opportunities for Existing Market Players and New Entrants in the Latin America Crop Protection Chemicals market?

The growth of this market is attributed to the rising need to enhance crop yield and quality, the increasing demand for cost-effective crop protection solutions, the growing awareness about environmental safety, and the decrease in arable land.

Furthermore, emerging economies in Latin America and the growing emphasis on integrated pest management strategies are expected to offer significant growth opportunities for market players.

Who are the Major Players Operating in the Latin America Crop Protection Chemicals Market?

The key players operating in the Latin America Crop Protection Chemicals market are BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), American Vanguard Corporation (U.S.), and Gowan Company LLC (U.S.).

Which are the high-growth countries in this market?

The markets in Mexico and Chile are slated to register significant growth rates during the forecast period. The market growth in these countries is attributed to the growing adoption of organic farming practices and the rising prevalence of diseases and pests, which has increased the adoption of crop protection chemicals.