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South America Crop Protection Chemicals Market Size

The South America Crop Protection Chemicals Market is projected to experience growth over the forecast period, driven by the need to enhance crop yields and manage pests, diseases, and weeds effectively. Herbicides hold the largest market share due to their critical role in controlling weeds that threaten crop productivity, particularly in soybean cultivation. Insecticides and fungicides are also significant, addressing the challenges posed by pests and fungal diseases that impact major crops like soybeans, pulses, and oilseeds. The diverse agricultural landscapes and climatic conditions across countries such as Brazil, Argentina, and Chile further contribute to the market's expansion, as farmers increasingly rely on pesticides to mitigate losses and sustain high-yield production.

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Market Size of south america crop protection chemicals Industry

South America Crop Protection Chemicals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 29.95 Billion
svg icon Market Size (2029) USD 37.79 Billion
svg icon Largest Share by Function Herbicide
svg icon CAGR (2024 - 2029) 4.76 %
svg icon Largest Share by Country Brazil
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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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

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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

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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

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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

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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

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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.
South America Crop Protection Chemicals Market

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 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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South America Crop Protection Chemicals Market Size Summary

The South America Crop Protection Chemicals Market is experiencing a steady expansion, driven by the region's extensive agricultural activities and the need to combat persistent agricultural challenges such as pests, diseases, and weeds. The market is characterized by a significant reliance on herbicides, which dominate the market share due to the ongoing struggle with weed infestations that threaten crop yields. Insecticides and fungicides also play crucial roles in protecting major crops like soybeans, pulses, and oilseeds from insect damage and fungal diseases, respectively. The adoption of intensive farming practices, coupled with climate change impacts, has further intensified the demand for these chemicals, as farmers strive to maintain and enhance crop productivity.

The market landscape is moderately consolidated, with major players like BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, and Syngenta Group holding significant shares. These companies are actively engaged in innovation and strategic partnerships to develop and introduce new crop protection solutions. The region's agricultural sectors in countries like Brazil, Argentina, and Chile are pivotal in driving market growth, with Brazil being a major consumer of pesticides due to its large-scale soybean production. The market's growth trajectory is supported by the increasing adoption of herbicide-resistant crop varieties and the ongoing need to address the challenges posed by resistant weed species. Despite the heavy reliance on imports for certain pesticide products, the market continues to expand, reflecting the critical role of crop protection chemicals in sustaining agricultural productivity in South America.

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South America 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

    4. 1.4 Country

      1. 1.4.1 Argentina

      2. 1.4.2 Brazil

      3. 1.4.3 Chile

      4. 1.4.4 Rest of South America

South America Crop Protection Chemicals Market Size FAQs

The South America Crop Protection Chemicals Market size is expected to reach USD 29.95 billion in 2024 and grow at a CAGR of 4.76% to reach USD 37.79 billion by 2029.

In 2024, the South America Crop Protection Chemicals Market size is expected to reach USD 29.95 billion.

South America Crop Protection Chemicals Market Report Snapshots

South America Crop Protection Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029