Chile Crop Protection Chemicals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 443.70 Million |
| Market Size (2029) | USD 567.80 Million |
| CAGR (2024 - 2029) | 4.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chile Crop Protection Chemicals Market Analysis
The Chile Crop Protection Chemicals Market size is estimated at USD 443.70 million in 2024, and is expected to reach USD 567.80 million by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
The drivers identified in this market include the need for increased agricultural productivity, an increasing number of mergers and acquisitions, decreasing arable land, technological innovation in crop protection sector, increasing herbicide resistance, and increased rate of adoption of GM technology. The restraints identified in this market are environmental and ecological damages, government regulations on agro chemicals, food safety issues, and increased health concerns.
The top players constitute around 79% share of the market studied, while the other companies account for approximately 21% of the market share. In Chile, the crop protection chemicals market is quite competitive, and all transnational crop protection providers have their presence in the region.
Chile Crop Protection Chemicals Market Trends
Decreasing Yields due to Various Pest and Diseases
Chile's agriculture grapples with significant challenges from pests and diseases, particularly affecting its major crops. Grapes, a cornerstone of Chile's agricultural output, have seen concerning yield losses attributed to these ongoing challenges. For instance, data from the FAO highlights a decline in grape production from 2.7 million metric tons in 2019 to 2.4 million metric tons by 2022. Key diseases such as Botryosphaeria Dieback, Gray Mold, and both Powdery and Downy Mildew are responsible for the yield losses. Notably, Botryosphaeria Dieback poses a severe threat, with studies revealing potential yield losses of up to 46% in 'Cabernet Sauvignon' vineyards. This disease, marked by its high incidence and severity, significantly impacts many vineyards in Central Chile. Given this backdrop, the rising incidence of pests and diseases is poised to bolster the demand for crop protection chemicals in the country.
Crop-based Products Dominate Market
The Ministry of Agriculture's Agricultural and Livestock Protection Service (SAG) must approve the use of pesticides. This agency regulates the use of pesticides in Chile. The current pesticide registration in Chile includes over 500 active ingredients and approximately 1300 formulations, indicating a diverse range of chemical options available for farmers. In Chile, the agrochemicals market is quite competitive, with Bayer occupying the topmost position, followed by Syngenta and Agricola National S.A.C (ANASAC). The market for crop-based pesticide application occupies a larger market share of 85%, with grains and cereals dominating this segment.
Chile Crop Protection Chemicals Industry Overview
Companies in the Chilean crop protection chemicals market are mainly focused on developing new, qualitative products, and developing new technologies to improve product quality. New product launches, partnerships, and mergers and acquisitions are the main strategies followed by the major players in the Chilean crop protection chemicals market. The market studied is concentrated, although the entire South American crop protection chemicals market is fragmented.
Chile Crop Protection Chemicals Market Leaders
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Anasac Chile SA
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BASF Chile SA
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Bayer SA
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Sumitomo Corporation (Chile) Limitada
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Syngenta
*Disclaimer: Major Players sorted in no particular order
Chile Crop Protection Chemicals Market News
- November 2021: Syngenta Crop Protection introduced the Plinazolin technology, a new active ingredient with a unique Mode of Action (IRAC Group 30) for insect control to assist farmers in protecting their crops from a variety of pests.
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Chile Crop Protection Chemicals Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Group
5.1.1 Herbicides
5.1.2 Insecticides
5.1.3 Fungicides
5.1.4 Molluscicides
5.1.5 Nematicides
5.2 Application Mode
5.2.1 Chemigation
5.2.2 Foliar
5.2.3 Fumigation
5.2.4 Seed Treatment
5.2.5 Soil Treatment
5.3 Crop Type
5.3.1 Grains and Cereals
5.3.2 Oilseeds and Pulses
5.3.3 Fruits and Vegetables
5.3.4 Commercial Crops
5.3.5 Turf and Ornamental Grass
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Adama Chile SA
6.3.2 Anasac Chile SA
6.3.3 BASF Chile SA
6.3.4 Bayer SA
6.3.5 Cheminova SA
6.3.6 DowDuPont Chile SA
6.3.7 NuFarm
6.3.8 Isagro SpA
6.3.9 Sumitomo Corporation (Chile) Limitada
6.3.10 Syngenta
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Chile Crop Protection Chemicals Industry Segmentation
Plant protection may be defined as the measures taken to protect cultivated plants against diseases, and pests, as well as weeds and grasses. The US EPA's pesticide law defines a pesticide(with certain minor exceptions) as a substance or mixture of substances intended for preventing, destroying, repelling, or mitigating any pest or substance or a mixture of substances intended for use as a plant regulator, defoliant, or desiccant or any nitrogen stabilizer. Mainly five kinds of pesticides have been considered in the report, which include insecticides, herbicides, fungicides, molluscicides, and nematicides. The report presents a wide-ranging analysis of market share, size, and volume of the crop protection chemicals market in Chile.
| Product Group | |
| Herbicides | |
| Insecticides | |
| Fungicides | |
| Molluscicides | |
| Nematicides |
| Application Mode | |
| Chemigation | |
| Foliar | |
| Fumigation | |
| Seed Treatment | |
| Soil Treatment |
| Crop Type | |
| Grains and Cereals | |
| Oilseeds and Pulses | |
| Fruits and Vegetables | |
| Commercial Crops | |
| Turf and Ornamental Grass |
Chile Crop Protection Chemicals Market Research FAQs
How big is the Chile Crop Protection Chemicals Market?
The Chile Crop Protection Chemicals Market size is expected to reach USD 443.70 million in 2024 and grow at a CAGR of 4.90% to reach USD 567.80 million by 2029.
What is the current Chile Crop Protection Chemicals Market size?
In 2024, the Chile Crop Protection Chemicals Market size is expected to reach USD 443.70 million.
Who are the key players in Chile Crop Protection Chemicals Market?
Anasac Chile SA, BASF Chile SA, Bayer SA, Sumitomo Corporation (Chile) Limitada and Syngenta are the major companies operating in the Chile Crop Protection Chemicals Market.
What years does this Chile Crop Protection Chemicals Market cover, and what was the market size in 2023?
In 2023, the Chile Crop Protection Chemicals Market size was estimated at USD 421.96 million. The report covers the Chile Crop Protection Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chile Crop Protection Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chile Crop Protection Chemicals Industry Report
The Chile Crop Protection Chemicals Market is segmented by origin into synthetic and bio-based crop protection chemicals, by product group into insecticides, herbicides, fungicides, and other crop protection chemicals, and by application into grains and cereals, oilseeds and pulses, fruits and vegetables, turf and ornamentals, and other crop types. The market size and market share are critical components of understanding the market trends and market growth. An industry report provides a comprehensive market analysis and market research, which includes an industry overview and market forecast.
The industry analysis and market leaders within the Chile Crop Protection Chemicals Market are essential for determining the market outlook and industry outlook. Industry reports and industry research offer valuable insights into industry sales, industry size, and industry statistics. These reports also highlight industry trends and market data, which are crucial for making informed market predictions and understanding the market value.
A market review and report example can be found in the report PDF, which provides detailed market segmentation and market value. Research companies often use such reports to gain a deeper understanding of the market dynamics and industry information. The growth rate of the market is a key indicator of future industry trends and market outlook.
In summary, the Chile Crop Protection Chemicals Market is thoroughly analyzed through various industry reports and market research, offering a detailed market overview and market forecast. This comprehensive analysis helps in understanding the market segmentation and market value, providing valuable insights into the market data and industry statistics.
Chile Crop Protection Chemicals Market Report Snapshots
