Latin America Crop Protection Chemicals Market Outlook, 2026

Crop protectants are the chemicals sprayed on crops in order to save them from drastic damage. Generally known as pesticides or agricultural chemicals, it is used extensively in traditional farming, to protect the plants against pests. The recent publication - Latin America Crop Protection Chemical Market Outlook, 2026, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed into herbicide, insecticide, fungicides & bactericides, and others, in terms of products, and in terms of application, the market is classified into Cereals & grains, Oilseeds & pulses, fruits & vegetables, and others. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations in the region.

Latin America is the second leading contributor in the global market, which held to more than a quarter of the market share in the year 2020. The agricultural sector in the region has been witnessing significant growth with a considerable expansion of the arable land, which aided the crop protection chemical market to grow with a historic growth rate of 5.74%. Even though the overall market of the region holds a potential market scope, the smaller economies are likely to face hurdles of political & economic resolutions. For instance, the countries like Uruguay, Paraguay, and Bolivia do have a stable government, but due to their size, they are highly dependent on Brazil & Argentina. By the end of the forecasted period, the Latin America market for crop protection chemicals is expected to cross a value of USD 20000 Million.

The market is led by the herbicides segment which held more than 50% of the market share. Through the forecasted period, this segment is expected to be the fastest-growing segment, with the highest CAGR of 3.91%. Even though this region holds a high market share, it is quite sensitive to exchange rate and the value fluctuation due to political & economic impacts. The crop protection market is indirectly influenced by the closed economies and increase in tax. The herbicide segment in the region has seen several mergers and acquisitions by different companies, due to its sizable market share.

The crop protection chemical is highly demanded in the region, given the fact that the region is a major exporter of agricultural products. In order to meet the food safety standards of the international market, it becomes important to keep a check on the residue limit of the pesticides. The major agricultural products exported are soybeans, corn, cotton, sugar, orange juice, coffee, bananas, ornamentals, cocoa, grapes, apples, and other fruits. The main importers are distributed between Asia, Europe, and the Middle East, and the United States. In terms of application, oilseed & pulses cultivation holds the highest share in the region. The demand for herbicides is high among the farmers who sow Soybean, maize, cotton, and wheat. Even though chemical pesticides are used heavily, the farmers are now opting for bio-pesticides, which are expected to be a threat in the coming period. However, through the forecasted period, the cereals & grains segment is likely to be growing with the highest anticipated CAGR of 3.72%.

The region has a high dominance of Brazil, which held a share of more than 60%. The country is one of the largest food producers and also agribusiness is seen as a major contributor to the Brazilian economy. The increase in demand is expected to raise the need for higher yield, which directly impacts crop protection chemical consumption. The region imports crop protection chemicals extensively from Canada, the Russian Federation and the United States, Morocco, Germany, Algeria, and China.
Understanding the hidden potential of this region, the companies have been focusing on more custom-made chemicals and joint ventures with the local players to reach the mass. In early 2018, Syngenta acquired Strider which is a Brazilian AgTech company that provides Operations Management for farms.

Major companies mentioned: Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL

CONSIDERED IN THE REPORT

• Geography: Latin America
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:

• Latin America
• Brazil
• Argentina
• Columbia

ASPECTS COVERED IN THE REPORT

• Market Size by Value for the period (2015-2026F)
• Market Share by Product Type (Herbicide, Insecticide, Fungicides & Bactericides, and Others)
• Market Share by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
• Market Share by Region
• Market Share by Country

This report would help you answer the following questions:

1. What is the market size and forecast of the Latin America Crop Protection Chemical Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Latin America Crop Protection Chemical Market during the forecast period?
3. Which region outstands in the Latin America Crop Protection Chemical Market?
4. Which are the segments to invest in over the forecast period in the Latin America Crop Protection Chemical Market?
5. What is the competitive strategic window for opportunities in the Latin America Crop Protection Chemical Market?
6. What are the technology trends and regulatory frameworks in the Latin America Crop Protection Chemical Market?
7. What are the major companies in the Latin America Crop Protection Chemical Market?