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Argentina Crop Protection Chemicals Market Size

The Argentina Crop Protection Chemicals Market is projected to experience growth over the forecast period, driven by the country's extensive agricultural sector and the need for high-yield production to satisfy both domestic and international demands. The market's expansion is significantly influenced by the demand for effective weed management solutions, particularly herbicides, which dominate the market share. Additionally, the application of fungicides and insecticides through foliar methods is crucial in combating pests and diseases that threaten crop yields. This growth trajectory reflects Argentina's commitment to maintaining its status as a leading agricultural producer and exporter in South America.

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Market Size of argentina crop protection chemicals Industry

Argentina Crop Protection Chemicals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 5.97 Billion
svg icon Market Size (2029) USD 7.78 Billion
svg icon Largest Share by Function Herbicide
svg icon CAGR (2024 - 2029) 5.43 %
svg icon Fastest Growing by Function Herbicide
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Argentina Crop Protection Chemicals Market Analysis

The Argentina Crop Protection Chemicals Market size is estimated at 5.97 billion USD in 2024, and is expected to reach 7.78 billion USD by 2029, growing at a CAGR of 5.43% during the forecast period (2024-2029).

5.97 Billion

Market Size in 2024 (USD)

7.78 Billion

Market Size in 2029 (USD)

6.38 %

CAGR (2017-2023)

5.43 %

CAGR (2024-2029)

Largest Segment By Function

87.01 %

value share, Herbicide, 2023

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This monocultural cultivation leads to an increased weed infestation. Farmers are aiming at reducing both the cost of control and yield losses through herbicides.

Fastest-growing Segment by Function

5.63 %

Projected CAGR, Herbicide, 2024-2029

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About two-thirds of the chemical-treated area corresponds to post-emergence products. The most used herbicides are trifluralin, metribuzin, bentazon, haloxyfop-methyl, and fluazifop.

Largest Segment by Crop Type

49.93 %

value share, Pulses & Oilseeds, 2023

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Drought in the country affects the pulses and oilseeds. Low precipitation and poor plant growth have increased the growth of weeds and pests needing more pesticides.

Leading Market Player

28.45 %

market share, Syngenta Group, 2022

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The company invests more than USD 1.3 billion per year in global R&D to develop advanced, innovative technologies and products to address farmers' crop protection challenges.

Second Leading Market Player

15.78 %

market share, Bayer AG, 2022

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Bayer's acquisitions and partnerships with companies like Monsanto and Oerth Bio enhanced the product portfolio offered in the country, boosting the company's growth in the market.

Herbicides dominated the market

  • Argentina is known for its vast agricultural lands, favorable climate, and agricultural expertise, making it one of the major agricultural producers and exporters globally. The country's agricultural sector is focused on high-yield production to meet domestic and international demand. Pesticides play a significant role in ensuring higher yields by reducing losses caused by pests and diseases. Argentina occupied the second-highest share of 13.9% by value of the South American crop protection chemicals market in 2022.
  • Weed attacks on crops are the most common across the country. Fleabane, pigweed, johnsongrass, goosegrass, finger grass, and barnyard grass majorly impact the yield of major field crops. Argentina has a high demand for its wheat, soybean, and maize crops, and weeds pose a significant threat to this demand. Thus, weed management is necessary in the country. Herbicides occupied the highest share of 86.8% by value in 2022. Glyphosate is the most commonly used herbicide in the country.
  • Most pests and diseases attack the foliage of crops, hindering the further growth of the plant. Thus, the foliar mode of application is highly preferred in the application of fungicides and insecticides and accounted for the second-highest share of 31.6% by value in 2022.
  • The growing demand for major grains and oilseeds domestically and internationally, coupled with increased concerns for food security and various developments, facilitated efficient methods of cultivation, minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 5.4% during the forecast period (2023-2029).
Argentina Crop Protection Chemicals Market

Argentina Crop Protection Chemicals Industry Segmentation Argentina Crop Protection Chemicals Industry Segmentation

Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide are covered as segments by Function. Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type.

  • Argentina is known for its vast agricultural lands, favorable climate, and agricultural expertise, making it one of the major agricultural producers and exporters globally. The country's agricultural sector is focused on high-yield production to meet domestic and international demand. Pesticides play a significant role in ensuring higher yields by reducing losses caused by pests and diseases. Argentina occupied the second-highest share of 13.9% by value of the South American crop protection chemicals market in 2022.
  • Weed attacks on crops are the most common across the country. Fleabane, pigweed, johnsongrass, goosegrass, finger grass, and barnyard grass majorly impact the yield of major field crops. Argentina has a high demand for its wheat, soybean, and maize crops, and weeds pose a significant threat to this demand. Thus, weed management is necessary in the country. Herbicides occupied the highest share of 86.8% by value in 2022. Glyphosate is the most commonly used herbicide in the country.
  • Most pests and diseases attack the foliage of crops, hindering the further growth of the plant. Thus, the foliar mode of application is highly preferred in the application of fungicides and insecticides and accounted for the second-highest share of 31.6% by value in 2022.
  • The growing demand for major grains and oilseeds domestically and internationally, coupled with increased concerns for food security and various developments, facilitated efficient methods of cultivation, minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 5.4% during the forecast period (2023-2029).
Function
Fungicide
Herbicide
Insecticide
Molluscicide
Nematicide
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
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Argentina Crop Protection Chemicals Market Size Summary

The Argentina Crop Protection Chemicals Market is poised for significant growth, driven by the country's expansive agricultural landscape and its role as a major global agricultural producer and exporter. The market is characterized by a strong focus on high-yield production to satisfy both domestic and international demand, with pesticides playing a crucial role in mitigating losses from pests and diseases. Weeds, in particular, pose a substantial threat to key crops such as wheat, soybean, and maize, necessitating effective weed management strategies. Herbicides, especially glyphosate, dominate the market due to their critical role in maintaining crop yields. The adoption of intensive agricultural practices, coupled with climate change impacts like droughts and heatwaves, has led to increased pesticide consumption per hectare, further propelling market growth.

The market landscape is moderately consolidated, with major players like ADAMA Agricultural Solutions Ltd, BASF SE, Bayer AG, Corteva Agriscience, and Syngenta Group holding significant shares. The market dynamics are influenced by trade agreements, such as the EU-Mercosur Trade Agreement, which has impacted pricing and availability of active ingredients by eliminating tariffs and reducing controls on imported foods. The reliance on key active ingredients like cypermethrin, atrazine, and mancozeb underscores the market's dependence on import policies and regulatory approvals. Recent strategic moves, such as Albaugh LLC's acquisition of Corteva Agriscience's glyphosate business and ADAMA's new facility in Brazil, highlight ongoing efforts to expand market reach and enhance product offerings.

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Argentina Crop Protection Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Function

      1. 1.1.1 Fungicide

      2. 1.1.2 Herbicide

      3. 1.1.3 Insecticide

      4. 1.1.4 Molluscicide

      5. 1.1.5 Nematicide

    2. 1.2 Application Mode

      1. 1.2.1 Chemigation

      2. 1.2.2 Foliar

      3. 1.2.3 Fumigation

      4. 1.2.4 Seed Treatment

      5. 1.2.5 Soil Treatment

    3. 1.3 Crop Type

      1. 1.3.1 Commercial Crops

      2. 1.3.2 Fruits & Vegetables

      3. 1.3.3 Grains & Cereals

      4. 1.3.4 Pulses & Oilseeds

      5. 1.3.5 Turf & Ornamental

Argentina Crop Protection Chemicals Market Size FAQs

The Argentina Crop Protection Chemicals Market size is expected to reach USD 5.97 billion in 2024 and grow at a CAGR of 5.43% to reach USD 7.78 billion by 2029.

In 2024, the Argentina Crop Protection Chemicals Market size is expected to reach USD 5.97 billion.

Argentina Crop Protection Chemicals Market Report Snapshots

Argentina Crop Protection Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)