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South America Herbicide Market Size

The South American herbicide market is experiencing growth driven by the increasing need for effective weed control to maximize crop yields. This expansion is influenced by the adoption of various application methods, such as chemigation, foliar, fumigation, and soil treatment, which cater to the region's agricultural practices and infrastructure. Countries like Brazil and Argentina are significant contributors to the market size, with their vast agricultural lands necessitating the use of herbicides to manage weed populations. The market's growth is further propelled by farmers' awareness of weed impact on crop production and the demand for agricultural products, leading to a higher consumption of herbicides.

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Market Size of south america herbicide Industry

South America Herbicide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 14.73 Billion
svg icon Market Size (2029) USD 19.09 Billion
svg icon Largest Share by Application Mode Soil Treatment
svg icon CAGR (2024 - 2029) 5.32 %
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 Herbicide Market Analysis

The South America Herbicide Market size is estimated at 14.73 billion USD in 2024, and is expected to reach 19.09 billion USD by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).

14.73 Billion

Market Size in 2024 (USD)

19.09 Billion

Market Size in 2029 (USD)

6.60 %

CAGR (2017-2023)

5.32 %

CAGR (2024-2029)

Largest Segment by Application Mode

49.26 %

value share, Soil Treatment, 2023

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Soil treatment of herbicides can create a barrier in the soil, preventing weed seeds from germinating and thus reducing weed pressure throughout the growing season.

Largest Segment by Crop Type

47.77 %

value share, Pulses & Oilseeds, 2023

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Amaranthus palmeri is among the main weeds found in oilseed-producing regions of Brazil and Argentina. The average yield loss in soybeans was recorded between 20.28% and 62.8%.

Largest Segment By Country

53.50 %

value share, Brazil, 2023

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Herbicide usage in grains and cereals in Brazil is high due to a substantial annual loss of about 1.0 million tons of rice, roughly amounting to 8% of the national rice production.

Leading Market Player 1

16.88 %

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.

Leading Market Player 2

10.85 %

market share, Corteva Agriscience, 2022

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Through programs like Open Innovation and collaborations, the company focuses on fundamentally reframing solutions to work together to provide innovative herbicides.

The rising demand for agricultural products and a focus on managing weed effectively are strengthening the market's growth

  • Chemigation accounted for 19.0% of market value in 2022. It is a popular choice in areas with well-developed irrigation infrastructure. The rising adoption of drip irrigation systems is expected to fuel the market's growth in the coming years.
  • Foliar holds the second major share and is expected to record a CAGR of 5.1% during the forecast period (2023-2029). Herbicides are applied directly to the leaves of plants, where they are absorbed and translocated throughout the plant to control unwanted vegetation. It is common practice in agriculture, allowing for targeted and efficient weed control while minimizing herbicide usage.
  • The fumigation method is anticipated to witness a growth of USD 78.3 million between 2023 and 2029. This method involves using gaseous herbicides to control pests and weeds in soil or enclosed spaces, such as greenhouses. It is commonly used to treat large areas and is especially effective against soil-borne pests.
  • The soil treatment segment is expected to record a CAGR of 5.4% during the forecast period (2023-2029). This method involves applying herbicide directly to the soil to control weeds before planting or managing persistent weed issues. Soil treatment can help create a favorable environment for crop establishment and growth.
  • The South American herbicide market is expected to grow by a value of USD 5.04 billion during the forecast period (2023-2029). The demand for herbicides in South America is influenced by the adoption of these application methods to control weed growth effectively and maximize crop yield. Changing agricultural practices, crop types, weed pressure, and pest management strategies are driving the demand for herbicide products.
South America Herbicide Market

The growth was driven by rising awareness about the benefits of weed control and its impact on yield

  • South America accounted for 35.5% of the total global herbicide market in 2022. The herbicide market in South America is experiencing growth in various regions, including Argentina, Brazil, Chile, and the Rest of South America. These countries are major agricultural producers with vast expanses of farmland; therefore, the use of herbicides becomes crucial to manage weed populations and ensure optimal crop yields.
  • Brazil held a major share of 53.6% in the market and is expected to register a CAGR of 5.2% during the period. Farmers in the country are becoming increasingly aware of the benefits of weed control and the impact of weeds on crop yields. Rising crop losses due to weeds may lead to higher adoption of herbicides.
  • In 2022, Argentina held a 35.1% share of the South American herbicide market, registering a CAGR of 5.6%, which was the fastest compared to other countries. With the rising demand for food and agricultural products, farmers in Argentina may expand their cultivation areas and intensify crop production, leading to a greater need for herbicides to control weeds.
  • Weed resistance to certain herbicides can be a significant challenge for farmers. As a result, they may switch to newer herbicide formulations or modes of action, driving demand for these alternatives. Due to these factors, the consumption of herbicide is expected to increase by 191.9 thousand metric ton during the period.
  • The South American herbicide market is projected to record a CAGR of 5.2% during the forecast period (2023-2029). The rising crop losses, the need to protect crops, and increasing awareness of weed control, coupled with rising demand for agriculture products, are driving the growth of the market.

South America Herbicide Industry Segmentation

Chemigation, Foliar, Fumigation, 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.

  • Chemigation accounted for 19.0% of market value in 2022. It is a popular choice in areas with well-developed irrigation infrastructure. The rising adoption of drip irrigation systems is expected to fuel the market's growth in the coming years.
  • Foliar holds the second major share and is expected to record a CAGR of 5.1% during the forecast period (2023-2029). Herbicides are applied directly to the leaves of plants, where they are absorbed and translocated throughout the plant to control unwanted vegetation. It is common practice in agriculture, allowing for targeted and efficient weed control while minimizing herbicide usage.
  • The fumigation method is anticipated to witness a growth of USD 78.3 million between 2023 and 2029. This method involves using gaseous herbicides to control pests and weeds in soil or enclosed spaces, such as greenhouses. It is commonly used to treat large areas and is especially effective against soil-borne pests.
  • The soil treatment segment is expected to record a CAGR of 5.4% during the forecast period (2023-2029). This method involves applying herbicide directly to the soil to control weeds before planting or managing persistent weed issues. Soil treatment can help create a favorable environment for crop establishment and growth.
  • The South American herbicide market is expected to grow by a value of USD 5.04 billion during the forecast period (2023-2029). The demand for herbicides in South America is influenced by the adoption of these application methods to control weed growth effectively and maximize crop yield. Changing agricultural practices, crop types, weed pressure, and pest management strategies are driving the demand for herbicide products.
Application Mode
Chemigation
Foliar
Fumigation
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 Herbicide Market Size Summary

The South America herbicide market is poised for significant growth, driven by the increasing need for effective weed control in the region's expansive agricultural sectors. With countries like Brazil and Argentina leading in agricultural production, the demand for herbicides is bolstered by the necessity to manage weed populations and optimize crop yields. The market is characterized by a variety of application methods, including chemigation, foliar, fumigation, and soil treatment, each contributing to the overall market dynamics. The adoption of advanced irrigation systems and changing agricultural practices further fuel the market's expansion, as farmers seek to enhance productivity and mitigate crop losses due to weeds.

The market landscape is moderately consolidated, with major players such as ADAMA Agricultural Solutions Ltd, BASF SE, Bayer AG, Corteva Agriscience, and Syngenta Group holding significant shares. These companies are actively engaged in strategic partnerships and product innovations to meet the evolving demands of the agricultural sector. The use of widely recognized herbicides like atrazine, paraquat, and glyphosate underscores the region's reliance on chemical solutions for weed management, despite ongoing debates regarding their environmental and health impacts. As the market continues to evolve, the focus on sustainable and eco-friendly crop protection solutions is expected to shape future developments in the South American herbicide industry.

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South America Herbicide 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 Application Mode

      1. 1.1.1 Chemigation

      2. 1.1.2 Foliar

      3. 1.1.3 Fumigation

      4. 1.1.4 Soil Treatment

    2. 1.2 Crop Type

      1. 1.2.1 Commercial Crops

      2. 1.2.2 Fruits & Vegetables

      3. 1.2.3 Grains & Cereals

      4. 1.2.4 Pulses & Oilseeds

      5. 1.2.5 Turf & Ornamental

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Chile

      4. 1.3.4 Rest of South America

South America Herbicide Market Size FAQs

The South America Herbicide Market size is expected to reach USD 14.73 billion in 2024 and grow at a CAGR of 5.32% to reach USD 19.09 billion by 2029.

In 2024, the South America Herbicide Market size is expected to reach USD 14.73 billion.

South America Herbicide Market Report Snapshots

South America Herbicide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029