South America Crop Protection Chemicals Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 29.95 Billion |
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Market Size (2029) | USD 37.79 Billion |
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Largest Share by Function | Herbicide |
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CAGR (2024 - 2029) | 4.76 % |
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Largest Share by Country | Brazil |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
South America Crop Protection Chemicals Market Analysis
The South America Crop Protection Chemicals Market size is estimated at 29.95 billion USD in 2024, and is expected to reach 37.79 billion USD by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
29.95 Billion
Market Size in 2024 (USD)
37.79 Billion
Market Size in 2029 (USD)
7.01 %
CAGR (2017-2023)
4.76 %
CAGR (2024-2029)
Largest Segment By Function
48.93 %
value share, Herbicide, 2023
Frequent weed infestations, labor shortages, increased wages, and problems associated with manual weeding have favored the growth of the herbicide market in the region.
Fastest-growing Segment by Function
6.06 %
Projected CAGR, Molluscicide, 2024-2029
The giant African snail and golden apple snail are invasive species that pose a serious threat to a variety of crops. This is boosting the growth of the molluscicide market in the region.
Largest Segment by Crop Type
46.69 %
value share, Pulses & Oilseeds, 2023
Monoculture, no-tillage practices, and climate changes favored the growth of various pests and diseases, causing damage to the crops. This boosted the growth of the pesticide market.
Largest Segment by Country
64.13 %
value share, Brazil, 2023
Climate changes like drought and heat waves have increased the occurrence of various pests and diseases, causing severe damage to the agricultural sector. This has boosted the pesticide market in the country.
Leading Market Player
22.33 %
market share, Syngenta Group, 2022
Syngenta Group is investing more in research and development activities to extend its product offerings. It is developing innovative pesticides for addressing various crop issues.
The market for pesticides is driven by the excessive yield losses in economically important crops in the region
- Herbicides accounted for the highest share of 48.7% of the crop protection chemicals consumed in South America in 2022, with a market value of USD 13.41 billion. Weeds pose persistent challenges to crop cultivation, and the need to control weeds has emerged as a driving force behind the herbicide market to sustainably maximize crop productivity.
- Amaranthus palmeri is a prevalent weed species in soybean-producing regions of Brazil and Argentina. Studies have shown that soybean crops experience yield losses ranging from 20.28% in cases of minimal Amaranthus weed infestation to as high as 62.8% when facing severe infestations.
- Aphids, thrips, whiteflies, leafhoppers, black aphids, pod borers, and stem fly insects cause considerable damage to major pulses and oilseed crops grown in the region, leading to severe yield losses and reduced crop quality. Insecticides accounted for 28.4% of the South American crop protection chemicals market in 2022, with a market value of USD 7.82 billion in the same year.
- Fungal diseases are a major constraint in soybean production in South America, and it is estimated that between 8-10% of soybean production is lost to diseases. The main diseases that affect the foliage of soybean plants in this region are target spot, Cercospora leaf blight, and Asian soybean rust. Fungicides such asmepoxiconazole, fluxapyroxad, and azoxystrobin are highly effective against these diseases.
- Among nematodes, root-knot nematode is the most prevalent. Carrots are susceptible to considerable losses, averaging up to 20.0%, while potatoes can experience even higher losses of up to 33.0% due to infestations caused by these nematode species.
- Thus, the need to increase the yield of crops in South America is anticipated to drive the market for pesticides.
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Demand for pesticides is driven by the increased pest and disease proliferation, and expansion of agricultural cultivation
- Pests, diseases, and weeds are emerging as a significant problem in the Brazilian agriculture sector. To counter these threats effectively, farmers predominantly depend on the application of pesticides, and the market was valued at USD 17.68 billion in 2022. Soybean cultivation in Brazil faces numerous pest challenges, with lepidopterans and stink bugs being the primary pests demanding special attention. Particularly, the southern armyworm is known to inflict a significant 17.0% yield loss on soybean production.
- Renowned for its expansive agricultural expanse, favorable climate, and agricultural proficiency, Argentina stands as a prominent global agricultural producer and exporter. The nation's agricultural domain prioritizes high-yield cultivation to address both domestic and global requisites. Pesticides play a pivotal part in augmenting yields through the mitigation of pest and disease-induced losses. In 2022, Argentina held the second-largest portion, accounting for 19.7% by value, within the South American crop protection chemicals market.
- Chile's diverse agricultural landscape, with a variety of crops grown throughout the country, creates a demand for a broad range of pesticides to control various pests and diseases. Additionally, the launch of innovative products with different modes of action in the market in recent years provides farmers with more choices for crop protection, contributing to the growth of the pesticide market. Chile accounted for a market share of 1.5% of the total crop protection chemicals market in 2022.
- The market is estimated to register a CAGR of 4.7% during the forecast period (2023-2029) due to factors like favorable climatic conditions for pest and disease proliferation and expansion of agriculture cultivation.
South America Crop Protection Chemicals Market Trends
Frequent climate changes like drought and heat waves and intensive agriculture practices raised the overall pesticide consumption per hectare
- Between 2017 and 2022, there has been a remarkable surge in pesticide consumption per hectare across South America, witnessing a growth of 5,277 grams per hectare. This significant increase highlights the region's escalating reliance on pesticides in agricultural practices, spurred by a combination of influential factors. These include the adverse effects of climate change, such as frequent droughts and heat waves, as well as the adoption of intensive farming techniques like no-tillage and monoculture practices.
- Consequently, the proliferation of weeds, pests, and diseases has become more frequent, necessitating the intensified utilization of pesticide products and their application rates to protect valuable crops. Countries like Brazil, Argentina, and Paraguay faced challenges from climate conditions with respect to agriculture yields.
- In the region, herbicides have become the predominant pesticides utilized per hectare, experiencing a substantial growth of 3,702 grams per hectare in 2022 compared to 2017. This remarkable increase can be mainly attributed to the rising prevalence of weed infestations in agricultural fields. Farmers in countries like Brazil and Argentina have increasingly adopted herbicide-resistant varieties for major crops such as soybeans, maize, and wheat. However, this widespread adoption has also led to a rise in weed species developing resistance to herbicides. In Argentina, more than 30 weed species have shown resistance to various herbicides, while in Brazil, the number has risen to 51. This could lead to higher utilization of herbicides per hectare. Thus, factors like climate change and other intensive agricultural practices increased the fungicides and insecticides consumption per hectare
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Heavy pesticide usage and imports from European countries majorly fluctuate the active ingredient prices
- South America stands out as a prominent user of pesticides, primarily driven by intensive agricultural practices like monoculture, no-tillage, and the goal to increase food production. However, the region heavily relies on pesticide imports from European countries, as many products that are banned from use are permitted to export.
- In 2019, pesticide prices witnessed substantial growth attributed to the increased drought conditions, leading to higher pesticide usage, a surge in demand for pesticides, and the unavailability of certain pesticides. All these factors contributed to the rise in pesticide prices, which recorded growth of up to 5-10% from the prices in 2017.
- In 2022, cypermethrin took the lead as the extensively utilized insecticide, with the price of the active ingredient standing at USD 21,087.6 per metric ton. Its widespread adoption in the agricultural industry is due to its effectiveness in controlling a range of insects, including spotted ball worms, pink ball worms, early spot borers, and hairy caterpillars.
- In 2022, atrazine experienced a notable price hike, reaching USD 13,810.3 per metric ton. It finds application in both pre and post-emergence control of broadleaf and grassy weeds, with its highest usage in field corn, sweet corn, sorghum, and sugarcane crops. The use of atrazine is restricted in EU countries, but it is approved for exportation. As a result, South American countries serve as major importers of atrazine from EU countries.
- The price of mancozeb was approximately USD 7,810.9 per metric ton in 2022. This contact fungicide offers protection to a diverse array of crops, such as fruits, vegetables, and field crops, as well as turf management. Its versatility and effectiveness have earned it a valuable reputation among farmers.
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South America Crop Protection Chemicals Industry Overview
The South America Crop Protection Chemicals Market is moderately consolidated, with the top five companies occupying 58.86%. The major players in this market are BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation and Syngenta Group (sorted alphabetically).
South America Crop Protection Chemicals Market Leaders
BASF SE
Bayer AG
Corteva Agriscience
FMC Corporation
Syngenta Group
Other important companies include ADAMA Agricultural Solutions Ltd., American Vanguard Corporation, Rainbow Agro, Sumitomo Chemical Co. Ltd, UPL Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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South America Crop Protection Chemicals Market News
- February 2023: ADAMA opened a new multi-purpose facility in Brazil. With this factory, the company will be able to deliver all the Prothioconazole-based products in its pipeline to the global market and achieve its objective of introducing a number of innovative items to the Brazilian market in the upcoming years.
- January 2023: Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.
- October 2022: HavizaTM Active was the newest fungicide brand added to Corteva Agriscience's strong innovation pipeline. The product is an alternative for farmers in South America to manage Asian soybean rot. The company broadened its active class of picolinamide through this innovation.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 50+ graphs on insecticide, fungicides, and herbicides consumption per hectare and the average price of active ingredients used in insecticides, fungicides, herbicides, nematicides, and molluscicides. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
South America Crop Protection Chemicals Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Consumption Of Pesticide Per Hectare
2.2. Pricing Analysis For Active Ingredients
2.3. Regulatory Framework
2.3.1. Argentina
2.3.2. Brazil
2.3.3. Chile
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Function
3.1.1. Fungicide
3.1.2. Herbicide
3.1.3. Insecticide
3.1.4. Molluscicide
3.1.5. Nematicide
3.2. Application Mode
3.2.1. Chemigation
3.2.2. Foliar
3.2.3. Fumigation
3.2.4. Seed Treatment
3.2.5. Soil Treatment
3.3. Crop Type
3.3.1. Commercial Crops
3.3.2. Fruits & Vegetables
3.3.3. Grains & Cereals
3.3.4. Pulses & Oilseeds
3.3.5. Turf & Ornamental
3.4. Country
3.4.1. Argentina
3.4.2. Brazil
3.4.3. Chile
3.4.4. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. ADAMA Agricultural Solutions Ltd.
4.4.2. American Vanguard Corporation
4.4.3. BASF SE
4.4.4. Bayer AG
4.4.5. Corteva Agriscience
4.4.6. FMC Corporation
4.4.7. Rainbow Agro
4.4.8. Sumitomo Chemical Co. Ltd
4.4.9. Syngenta Group
4.4.10. UPL Limited
5. KEY STRATEGIC QUESTIONS FOR CROP PROTECTION CHEMICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PESTICIDE CONSUMPTION PER HECTARE, GRAMS, SOUTH AMERICA, 2017 - 2022
- Figure 2:
- ACTIVE INGREDIENT PRICE PER METRIC TON, USD, SOUTH AMERICA, 2017 - 2022
- Figure 3:
- CROP PROTECTION CHEMICALS VOLUME METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- CROP PROTECTION CHEMICALS VALUE USD, SOUTH AMERICA, 2017 - 2029
- Figure 5:
- CROP PROTECTION CHEMICALS MARKET BY FUNCTION, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 6:
- CROP PROTECTION CHEMICALS MARKET BY FUNCTION, USD, SOUTH AMERICA, 2017 - 2029
- Figure 7:
- VALUE SHARE OF CROP PROTECTION CHEMICALS BY FUNCTION, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME SHARE OF CROP PROTECTION CHEMICALS BY FUNCTION, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 9:
- CONSUMPTION OF FUNGICIDE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- CONSUMPTION OF FUNGICIDE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF FUNGICIDE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 12:
- CONSUMPTION OF HERBICIDE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- CONSUMPTION OF HERBICIDE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 14:
- VALUE SHARE OF HERBICIDE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 15:
- CONSUMPTION OF INSECTICIDE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- CONSUMPTION OF INSECTICIDE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF INSECTICIDE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 18:
- CONSUMPTION OF MOLLUSCICIDE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 19:
- CONSUMPTION OF MOLLUSCICIDE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF MOLLUSCICIDE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 21:
- CONSUMPTION OF NEMATICIDE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- CONSUMPTION OF NEMATICIDE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF NEMATICIDE BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 24:
- CROP PROTECTION CHEMICALS MARKET BY APPLICATION MODE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- CROP PROTECTION CHEMICALS MARKET BY APPLICATION MODE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF CROP PROTECTION CHEMICALS BY APPLICATION MODE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 27:
- VOLUME SHARE OF CROP PROTECTION CHEMICALS BY APPLICATION MODE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 28:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 31:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FOLIAR BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 34:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF FUMIGATION BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 37:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 40:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 43:
- CROP PROTECTION CHEMICALS MARKET BY CROP TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 44:
- CROP PROTECTION CHEMICALS MARKET BY CROP TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF CROP PROTECTION CHEMICALS BY CROP TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 46:
- VOLUME SHARE OF CROP PROTECTION CHEMICALS BY CROP TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 47:
- CROP PROTECTION CHEMICALS CONSUMED BY COMMERCIAL CROPS, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 48:
- CROP PROTECTION CHEMICALS CONSUMED BY COMMERCIAL CROPS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF COMMERCIAL CROPS BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 50:
- CROP PROTECTION CHEMICALS CONSUMED BY FRUITS & VEGETABLES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 51:
- CROP PROTECTION CHEMICALS CONSUMED BY FRUITS & VEGETABLES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF FRUITS & VEGETABLES BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 53:
- CROP PROTECTION CHEMICALS CONSUMED BY GRAINS & CEREALS, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 54:
- CROP PROTECTION CHEMICALS CONSUMED BY GRAINS & CEREALS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF GRAINS & CEREALS BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 56:
- CROP PROTECTION CHEMICALS CONSUMED BY PULSES & OILSEEDS, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 57:
- CROP PROTECTION CHEMICALS CONSUMED BY PULSES & OILSEEDS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF PULSES & OILSEEDS BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 59:
- CROP PROTECTION CHEMICALS CONSUMED BY TURF & ORNAMENTAL, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 60:
- CROP PROTECTION CHEMICALS CONSUMED BY TURF & ORNAMENTAL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF TURF & ORNAMENTAL BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 62:
- CROP PROTECTION CHEMICALS MARKET BY COUNTRY, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 63:
- CROP PROTECTION CHEMICALS MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF CROP PROTECTION CHEMICALS BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 65:
- VOLUME SHARE OF CROP PROTECTION CHEMICALS BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 66:
- CROP PROTECTION CHEMICALS CONSUMED BY ARGENTINA, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 67:
- CROP PROTECTION CHEMICALS CONSUMED BY ARGENTINA, USD, SOUTH AMERICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF ARGENTINA BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 69:
- CROP PROTECTION CHEMICALS CONSUMED BY BRAZIL, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 70:
- CROP PROTECTION CHEMICALS CONSUMED BY BRAZIL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF BRAZIL BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 72:
- CROP PROTECTION CHEMICALS CONSUMED BY CHILE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 73:
- CROP PROTECTION CHEMICALS CONSUMED BY CHILE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF CHILE BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 75:
- CROP PROTECTION CHEMICALS CONSUMED BY REST OF SOUTH AMERICA, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 76:
- CROP PROTECTION CHEMICALS CONSUMED BY REST OF SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF REST OF SOUTH AMERICA BY FUNCTION, %, SOUTH AMERICA, 2022 VS 2029
- Figure 78:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2017-2022
- Figure 79:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2017-2022
- Figure 80:
- MARKET SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA 2023
South America 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, Brazil, Chile are covered as segments by Country.
- Herbicides accounted for the highest share of 48.7% of the crop protection chemicals consumed in South America in 2022, with a market value of USD 13.41 billion. Weeds pose persistent challenges to crop cultivation, and the need to control weeds has emerged as a driving force behind the herbicide market to sustainably maximize crop productivity.
- Amaranthus palmeri is a prevalent weed species in soybean-producing regions of Brazil and Argentina. Studies have shown that soybean crops experience yield losses ranging from 20.28% in cases of minimal Amaranthus weed infestation to as high as 62.8% when facing severe infestations.
- Aphids, thrips, whiteflies, leafhoppers, black aphids, pod borers, and stem fly insects cause considerable damage to major pulses and oilseed crops grown in the region, leading to severe yield losses and reduced crop quality. Insecticides accounted for 28.4% of the South American crop protection chemicals market in 2022, with a market value of USD 7.82 billion in the same year.
- Fungal diseases are a major constraint in soybean production in South America, and it is estimated that between 8-10% of soybean production is lost to diseases. The main diseases that affect the foliage of soybean plants in this region are target spot, Cercospora leaf blight, and Asian soybean rust. Fungicides such asmepoxiconazole, fluxapyroxad, and azoxystrobin are highly effective against these diseases.
- Among nematodes, root-knot nematode is the most prevalent. Carrots are susceptible to considerable losses, averaging up to 20.0%, while potatoes can experience even higher losses of up to 33.0% due to infestations caused by these nematode species.
- Thus, the need to increase the yield of crops in South America is anticipated to drive the market for pesticides.
| 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 |
| Country | |
| Argentina | |
| Brazil | |
| Chile | |
| Rest of South America |
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Market Definition
- Function - Crop Protection Chemicals are apllied to control or prevent pests, including insects, fungi, weeds, nematodes, and mollusks, from damaging the crop and to protect the crop yield.
- Application Mode - Foliar, Seed Treatment, Soil Treatment, Chemigation, and Fumigation are the different type of application modes through which crop protection chemicals are applied to the crops.
- Crop Type - This represents the consumption of crop protection chemicals by Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turf, and Ornamental crops.
| Keyword | Definition |
|---|---|
| IWM | Integrated weed management (IWM) is an approach to incorporate multiple weed control techniques throughout the growing season to give producers the best opportunity to control problematic weeds. |
| Host | Hosts are the plants that form relationships with beneficial microorganisms and help them colonize. |
| Pathogen | A disease-causing organism. |
| Herbigation | Herbigation is an effective method of applying herbicides through irrigation systems. |
| Maximum residue levels (MRL) | Maximum Residue Limit (MRL) is the maximum allowed limit of pesticide residue in food or feed obtained from plants and animals. |
| IoT | The Internet of Things (IoT) is a network of interconnected devices that connect and exchange data with other IoT devices and the cloud. |
| Herbicide-tolerant varieties (HTVs) | Herbicide-tolerant varieties are plant species that have been genetically engineered to be resistant to herbicides used on crops. |
| Chemigation | Chemigation is a method of applying pesticides to crops through an irrigation system. |
| Crop Protection | Crop protection is a method of protecting crop yields from different pests, including insects, weeds, plant diseases, and others that cause damage to agricultural crops. |
| Seed Treatment | Seed treatment helps to disinfect seeds or seedlings from seed-borne or soil-borne pests. Crop protection chemicals, such as fungicides, insecticides, or nematicides, are commonly used for seed treatment. |
| Fumigation | Fumigation is the application of crop protection chemicals in gaseous form to control pests. |
| Bait | A bait is a food or other material used to lure a pest and kill it through various methods, including poisoning. |
| Contact Fungicide | Contact pesticides prevent crop contamination and combat fungal pathogens. They act on pests (fungi) only when they come in contact with the pests. |
| Systemic Fungicide | A systemic fungicide is a compound taken up by a plant and then translocated within the plant, thus protecting the plant from attack by pathogens. |
| Mass Drug Administration (MDA) | Mass drug administration is the strategy to control or eliminate many neglected tropical diseases. |
| Mollusks | Mollusks are pests that feed on crops, causing crop damage and yield loss. Mollusks include octopi, squid, snails, and slugs. |
| Pre-emergence Herbicide | Preemergence herbicides are a form of chemical weed control that prevents germinated weed seedlings from becoming established. |
| Post-emergence Herbicide | Postemergence herbicides are applied to the agricultural field to control weeds after emergence (germination) of seeds or seedlings. |
| Active Ingredients | Active ingredients are the chemicals in pesticide products that kill, control, or repel pests. |
| United States Department of Agriculture (USDA) | The Department of Agriculture provides leadership on food, agriculture, natural resources, and related issues. |
| Weed Science Society of America (WSSA) | The WSSA, a non-profit professional society, promotes research, education, and extension outreach activities related to weeds. |
| Suspension concentrate | Suspension concentrate (SC) is one of the formulations of crop protection chemicals with solid active ingredients dispersed in water. |
| Wettable powder | A wettable powder (WP) is a powder formulation that forms a suspension when mixed with water prior to spraying. |
| Emulsifiable concentrate | Emulsifiable concentrate (EC) is a concentrated liquid formulation of pesticide that needs to be diluted with water to create a spray solution. |
| Plant-parasitic nematodes | Parasitic Nematodes feed on the roots of crops, causing damage to the roots. These damages allow for easy plant infestation by soil-borne pathogens, which results in crop or yield loss. |
| Australian Weeds Strategy (AWS) | The Australian Weeds Strategy, owned by the Environment and Invasives Committee, provides national guidance on weed management. |
| Weed Science Society of Japan (WSSJ) | WSSJ aims to contribute to the prevention of weed damage and the utilization of weed value by providing the chance for research presentation and information exchange. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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