info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Latin America Crop Protection Pesticides Market Research Report By Product Type (Herbicides, Insecticides, Fungicides, Bactericides, Growth Regulators), By Formulation (Liquid, Dust, Granular, Emulsifiable concentrate, Wettable powder), By Application (Soil Treatment, Foliar Application, Seed Treatment, Aerial Application, Chemigations), By Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf and Ornamentals, Others) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - For


ID: MRFR/AGR/23309-HCR | 128 Pages | Author: Tejas Chaudhary| October 2024

Latin America Crop Protection Pesticides Market Overview


Latin America Crop Protection Pesticides Market Size was estimated at 15.02 (USD Billion) in 2022. The Latin America Crop Protection Pesticides Market Industry is expected to grow from 15.64(USD Billion) in 2023 to 22.58 (USD Billion) by 2032. The Latin America Crop Protection Pesticides Market CAGR (growth rate) is expected to be around 4.16% during the forecast period (2024 - 2032).


Latin America Crop Protection Pesticides Market Overview


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Key Latin America Crop Protection Pesticides Market Trends Highlighted


The Latin America crop protection pesticides market is characterized by increasing demand for sustainable and environmentally friendly solutions. Herbicides dominate the market, followed by insecticides and fungicides. Major market drivers include rising agricultural productivity, expanding cropland acreage, and growing awareness of crop protection practices.Key market trends include the adoption of precision agriculture technologies, integrated pest management (IPM) strategies, and the development of biopesticides and biorationals. Opportunities exist in the exploration of new active ingredients and formulations, catering to the specific needs of local crops and pests. Additionally, the expansion of organic and sustainable farming practices presents growth opportunities for eco-friendly crop protection solutions.


Latin America Crop Protection Pesticides Market Drivers


Growing Demand for Food and Fiber


The rising  population and increasing incomes are leading to higher consumption of food and fiber. A higher consumption of food and fiber leads to a higher need for crop protection pesticides, which are vital because they protect the crops from pests and diseases. Agriculture is one of the biggest activities in Latin America, and the increased demand for food and fiber in the country is expected to lead to the growth of the Latin American crop protection pesticides market in the coming years.The  Latin America Crop Protection Pesticides Market Industry is expected to grow significantly in the years to come. This will be primarily driven by an increased  demand for food and fiber, rising disposable incomes, and agriculture issues, which make farming a vital and integral activity. The market is expected to grow by a CAGR of 4.16% over the next ten years, from $15.64 billion in 2023 to $22.58 billion in 2032.


Increasing Adoption of Precision Farming Techniques


Precision farming One of the key trends affecting the market is the increasing popularity of precision farming techniques. As farmers increasingly seek to improve their yields and reduce the environmental impact of their operations, many are turning to precision farming. By using technology to collect data on crop health, soil conditions, and weather patterns, farmers can make more informed decisions about how to manage their crops. For example, the data collected can be used to determine the most effective times to apply crop protection pesticides.As a result, it is expected that the market for crop protection pesticides in Latin America will be driven by the increasing adoption of precision farming techniques.


Government Support for Agriculture


Nowadays, governments in Latin America are providing more support to the agriculture sector to increase food security and improve the economy. The authorities in the region have started to provide subsidies for purchasing crop protection pesticides. This will boost the crop protection pesticides market in Latin America as farmers will be able to buy the products at a lower cost.


Latin America Crop Protection Pesticides Market Segment Insights


Latin America Crop Protection Pesticides Market Product Type Insights


In 2023, herbicides are expected to be the leading type of pesticides in the Latin America crop protection pesticides market, with a size of about USD 7.34 billion or almost 47%, which is closely followed by insecticides by almost 35%, or around USD 5.42 billion of the total size of the market. Fungicides, bactericides, and growth regulators are likely to be responsible for the remainder. The market for herbicides is likely to be driven by the increasing utilization of precision farming techniques coupled with high demand for high-quality agricultural produce, whereas the demand for insecticides and fungicides is expected to grow because of an enhanced amount of Bt crops and widespread crop diseases, among other things.In fact, such a trend is likely to predetermine the growth of the entire Latin America crop protection pesticides market as the awareness of the necessity of crop protection is widening, and farmers’ disposable income is rising.



Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Latin America Crop Protection Pesticides Market Formulation Insights


The  Latin America Crop Protection Pesticides Market is divided by configuration into liquid, dust, granular, emulsifiable concentrate, and wettable powder. The liquid configuration is foreseen to control the market in 2023, owing to the simple application and uniform coverage of the crop. The dust configuration is anticipated to increase at an extraordinary growth rate through the projected period, owing to the cost-effective price and applicability to crops from aerial planes. Granular configurations are gradually being adopted for the slow release of crop protection pesticides along with targeted applications.The emulsifiable concentrate and wettable powder configurations have the advantage of being easy to integrate with the other agricultural chemicals in the market.


Latin America Crop Protection Pesticides Market Application Insights


The  Latin America Crop Protection Pesticides Market is segmented based on application into soil treatment, foliar application, seed treatment, aerial application, and chemigations. Among these, the foliar application segment is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the foliar application segment can be attributed to farmers' increasing adoption of foliar fertilizers and pesticides to improve crop yield and quality. The soil treatment segment is expected to witness a steady growth rate during the forecast period.Soil treatment involves the application of pesticides directly to the soil to control pests and diseases that attack the roots and stems of crops. The seed treatment segment is also expected to grow at a significant rate, driven by the increasing adoption of treated seeds by farmers to protect their crops from pests and diseases during the early stages of growth. Aerial application is a method of applying pesticides from aircraft, which is commonly used for large-scale farming operations. The aerial application segment is expected to grow at a moderate rate during the forecast period.Chemigations involve the application of pesticides through irrigation systems, which is gaining popularity due to their efficiency and cost-effectiveness. The chemigations segment is expected to witness a steady growth rate during the forecast period.


Latin America Crop Protection Pesticides Market Crop Type Insights


The Crop Type segment is a crucial aspect of the  Latin America Crop Protection Pesticides Market, offering valuable insights into the specific crops that drive demand for pesticides. Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf and Ornamentals, and Others are the key crop types considered in this segment. In 2023, Cereals and Grains held the largest market share due to the extensive cultivation of staple crops like corn, wheat, and rice in the region. Fruits and Vegetables followed closely, driven by the increasing production of high-value fruits and vegetables for both domestic consumption and export.Oilseeds and Pulses also contribute significantly, supported by the growing demand for vegetable oils and protein sources. The market for Turf and Ornamentals is expected to witness steady growth, fueled by the rising popularity of landscaping and gardening activities. Others, which include non-traditional crops such as sugarcane and cotton, are expected to contribute a smaller but growing share of the market. The segmentation of the Crop Type segment provides valuable insights into the specific needs and preferences of farmers in Latin America.This information is essential for manufacturers and distributors to develop targeted products and marketing strategies that cater to the unique requirements of each crop type.


Latin America Crop Protection Pesticides Market Regional Insights


The regional analysis of the  Latin America Crop Protection Pesticides Market highlights diverse growth patterns across different regions. North America is expected to retain its dominant position in the market, owing to the presence of large agricultural producers and advanced farming practices. Europe is projected to witness steady growth, driven by increasing demand for sustainable and environmentally friendly crop protection solutions. APAC is anticipated to exhibit the highest growth rate, fueled by rising agricultural productivity and government initiatives to support the farming sector.South America is poised for significant growth as countries in the region focus on expanding their agricultural output to meet the growing food demand. MEA is expected to witness moderate growth, driven by increasing investments in agricultural infrastructure and the adoption of modern farming techniques.



Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Latin America Crop Protection Pesticides Market Key Players and Competitive Insights


Latin America Crop Protection Pesticides Market major market players are into mergers, acquisitions, and collaborations to increase their market presence. Partnering up entities aims to gain access to new technological innovations, enhance their distribution network, and expand market dominance. Technological breakthroughs, such as biopesticides and precision farming, offer lucrative opportunities for new emerging market players. Leading Latin America Crop Protection Pesticides Market players are heavily investing in research and development to innovate and expand product offerings to meet evolving consumer trends. The industry is constantly adopting partnerships, mergers, and joint ventures as a vital strategy to expand its product offerings, share technological innovations, and acquire a wider consumer base. Latin America Crop Protection Pesticides Market Competitive Landscape is expected to witness several significant events over the coming years.BASF is among the leading participants in the Latin America Crop Protection Pesticides Market. BASF offers a diverse portfolio of crop protection commodities, including herbicides, insecticides, fungicides, and seed treatment solutions. BASF focuses on delivering customized solutions to meet the specific demands of regional farmers. The company has an immense market presence along with a strong distribution network supported by a robust team of technical experts catering to the requirements of end consumers. BASF is a socially responsible entity that is actively involved in various initiatives towards sustainable agricultural practices. BASF heavily invests in research and development activities to introduce novel products that are environment-friendly and beneficial to crop yields.A significant player representing the Latin America Crop Protection Pesticides Market is Syngenta. Syngenta has a strong presence across the Latin America region. It offers a wide range of crop protection products across various portfolios, combining both conventional and biological solutions. Syngenta focuses on providing integrated pest management, combining the company’s chemical products with biocontrol agents and other sustainable practices. Syngenta has a strong research and development base, which resulted in the introduction of various new products in recent years. The company promotes the responsible use of pesticides and encourages the best practice techniques amongst farmers to minimize the environmental impact.


Key Companies in the Latin America Crop Protection Pesticides Market Include



  • Albaugh

  • Syngenta AG

  • Hebei Veyong BioTechnology Group Co., Ltd

  • Bayer CropScience

  • Nufarm Limited

  • BASF

  • Adama Agricultural Solutions Ltd.

  • Anhui Huifeng BioAgriculture Co., Ltd

  • Jiangsu Yangnong Chemical Group Co., Ltd

  • DowDuPont

  • AMVAC Chemical Corporation

  • FMC Corporation

  • Sumitomo Chemical Company, Limited

  • Corteva Agriscience

  • UPL Limited


Latin America Crop Protection Pesticides Market Industry Developments


The Latin America crop protection pesticides market size was valued at USD 15.64 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.16% from 2024 to 2032. The growth of the market is attributed to the increasing adoption of modern agricultural practices, rising awareness about crop protection, and favorable government policies.Recent news developments in the market include the launch of new products by major players such as Bayer, Syngenta, and BASF. These companies are also investing in research and development to develop more effective and sustainable crop protection solutions.The market is also witnessing a trend towards the adoption of precision agriculture technologies, which can help farmers optimize the use of pesticides and reduce their environmental impact. Overall, the Latin America crop protection pesticides market is expected to continue growing in the coming years, driven by the increasing demand for food production and the need to protect crops from pests and diseases.


Latin America Crop Protection Pesticides Market Segmentation Insights



  • Latin America Crop Protection Pesticides Market Product Type Outlook

    • Herbicides

    • Insecticides

    • Fungicides

    • Bactericides

    • Growth Regulators



  • Latin America Crop Protection Pesticides Market Formulation Outlook

    • Liquid

    • Dust

    • Granular

    • Emulsifiable concentrate

    • Wettable powder



  • Latin America Crop Protection Pesticides Market Application Outlook

    • Soil Treatment

    • Foliar Application

    • Seed Treatment

    • Aerial Application

    • Chemigations



  • Latin America Crop Protection Pesticides Market Crop Type Outlook

    • Cereals and Grains

    • Fruits and Vegetables

    • Oilseeds and Pulses

    • Turf and Ornamentals



  • Latin America Crop Protection Pesticides Market Regional Outlook

    • North America

    • Europe

    • South America

    • Asia Pacific

    • Middle East and Africa



Report Attribute/Metric Details
Market Size 2022 15.02(USD Billion)
Market Size 2023 15.64(USD Billion)
Market Size 2032 22.58(USD Billion)
Compound Annual Growth Rate (CAGR) 4.16% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Albaugh, Syngenta AG, Hebei Veyong BioTechnology Group Co., Ltd, Bayer CropScience, Nufarm Limited, BASF, Adama Agricultural Solutions Ltd., Anhui Huifeng BioAgriculture Co., Ltd, Jiangsu Yangnong Chemical Group Co., Ltd, DowDuPont, AMVAC Chemical Corporation, FMC Corporation, Sumitomo Chemical Company, Limited, Corteva Agriscience, UPL Limited
Segments Covered Product Type, Formulation, Application, Crop Type, Regional
Key Market Opportunities Reduced pesticide resistance Sustainable agriculture practices Government regulations and incentives Growing demand for organic produce Increasing awareness of environmental impacts
Key Market Dynamics Increased crop productivity Growing demand for sustainable agriculture Technological advancements Expansion of precision farming Government regulations on pesticide usage
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Latin America Crop Protection Pesticides market is expected to reach a valuation of USD 15.64 billion in 2023 and is projected to grow at a CAGR of 4.16% to reach USD 22.58 billion by 2032.

The key regions in the Latin America Crop Protection Pesticides market are Brazil, Argentina, Mexico, and Colombia. Brazil is the largest market, accounting for over 50% of the regional market share.

Crop protection pesticides are primarily used to control pests, diseases, and weeds in agricultural crops. The major applications include insecticides, herbicides, fungicides, and seed treatments.

The key competitors in the Latin America Crop Protection Pesticides market include Syngenta, Bayer, BASF, Corteva Agriscience, and FMC Corporation.

The growth of the Latin America Crop Protection Pesticides market is driven by factors such as increasing agricultural productivity, rising demand for food, and the adoption of modern farming practices.

The challenges faced by the Latin America Crop Protection Pesticides market include stringent environmental regulations, the emergence of pesticide resistance, and the high cost of crop protection products.

The opportunities for growth in the Latin America Crop Protection Pesticides market include the development of new and innovative products, the expansion of precision farming practices, and the increasing adoption of sustainable agriculture.

The key trends in the Latin America Crop Protection Pesticides market include the growing adoption of biological pesticides, the development of smart and connected crop protection technologies, and the increasing demand for environmentally friendly products.

The regulatory landscape of the Latin America Crop Protection Pesticides market is complex and varies by country. Key regulations include the registration and approval of crop protection products, the establishment of maximum residue levels, and the implementation of environmental protection measures.

The future outlook of the Latin America Crop Protection Pesticides market is positive. The market is expected to continue to grow steadily in the coming years, driven by factors such as increasing agricultural productivity, rising demand for food, and the adoption of modern farming practices.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.