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South America Agrochemicals Market Size (2024 - 2029)

The South America agrochemicals market is experiencing growth driven by the region's prominence in exporting key agricultural products such as sugar, coffee, and soybeans. The market's expansion is influenced by the increasing demand for sustainable agriculture and the biological segment, alongside the rapid growth of non-crop based applications. Brazil's status as an agricultural powerhouse, bolstered by mechanized farming, further contributes to the market's dynamics. However, concerns over the residual toxicity and health risks associated with agrochemicals pose challenges to the industry.

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Market Size of South America Agrochemicals Industry

Agrochemicals
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

South America Agrochemical Market Analysis

South America Agrochemicals Market is projected to register a CAGR of 4.1% during the forecast period(202-2025). South America occupies the first position as an exporter of sugar, coffee, orange juice, soybean, and soybean oil, and the second position for corn and soybean meal. The food safety issues and the need for sustainable agriculture drive the biological segment of the market studied. The two main crops driving growth in the region are soybeans and corn. Brazil's emergence as an agricultural superpower has been spurred by the increased use of mechanized agriculture. The non-crop based application is estimated to be the fastest-growing segment than crop-based. The Brazilian national health surveillance agency, Anvisa, issued a resolution in December 2017, to amend the ban on the herbicide, paraquat. The residual toxicity and health hazards of toxic chemicals are creating an alarming situation in the South American agrochemical industry. Bayer Crop Science is a key player in South America and accounts for the majority of the market share in the South America agrochemicals market. Yara International, Syngenta, BASF, FMC, and Nufarm are some of the other key players in the market.

South America Agrochemical Industry Segmentation

Agrochemicals are used for preventing the deterioration of crops from insects and pest infestation and disease. South America Agrochemicals Market report analysis offers the latest trends, growth factors, industry competitiveness, investment opportunities, detailed profile of the top players for the market during the forecast period.

Product Type
Fertilizers
Pesticides
Adjuvants
Plant Growth Regulators
Application
Crop Based
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Non-Crop Based
Turf and Ornamental Grass
Other Non-crop Based
Geography
Brazil
Argentina
Rest of South America
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South America Agrochemicals Market Size Summary

The South America agrochemicals market is experiencing steady growth, driven by the region's position as a leading exporter of key agricultural products such as sugar, coffee, and soybeans. The demand for sustainable agriculture practices and food safety concerns are propelling the biological segment of the market. Brazil, in particular, has emerged as an agricultural powerhouse, largely due to the adoption of mechanized farming techniques. The market is witnessing a shift towards non-crop-based applications, which are expected to grow at a faster pace than crop-based ones. However, the industry faces challenges such as the resistance of pests and nematodes to agrochemicals and the health hazards associated with toxic chemicals. Key players like Bayer Crop Science, Yara International, and Syngenta are prominent in the market, with Bayer holding a significant market share.

Brazil's agrochemical market is one of the fastest-growing globally, supported by increased export demand for corn and soybeans, which has led to expanded crop acreage and heightened use of crop protection products. The market is characterized by a fragmented landscape with major companies like Syngenta, Bayer, and BASF leading the way. The region is also seeing a rise in organic farming, particularly in Argentina, which is influencing the demand for biological chemicals. The market dynamics are shaped by strategies such as new product launches, mergers, and acquisitions, with significant activities like the Dow and DuPont merger enhancing market consolidation. The focus on innovation and expansion by leading companies is expected to further strengthen their market positions and drive growth in the agrochemicals sector across South America.

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South America Agrochemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Fertilizers

      2. 2.1.2 Pesticides

      3. 2.1.3 Adjuvants

      4. 2.1.4 Plant Growth Regulators

    2. 2.2 Application

      1. 2.2.1 Crop Based

        1. 2.2.1.1 Grains and Cereals

        2. 2.2.1.2 Pulses and Oilseeds

        3. 2.2.1.3 Fruits and Vegetables

      2. 2.2.2 Non-Crop Based

        1. 2.2.2.1 Turf and Ornamental Grass

        2. 2.2.2.2 Other Non-crop Based

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Agrochemicals Market Size FAQs

The South America Agrochemicals Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Bayer SA, Yara Brasil SA, Syngenta, BASF SE and Nufarm are the major companies operating in the South America Agrochemicals Market.

South America Agrochemical Market Report Snapshots

South America Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)