MRO Magazine

Latin America Crop Protection Chemicals Market Report 2016 – Research and Markets


January 21, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/6xgg33/crop_protection) has announced the addition of the “Crop Protection Chemicals Market in Latin America 2015-2019” report to their offering.

Market research analysts predict the crop protection chemicals market in LATAM to witness moderate growth at a CAGR of around 7% during the forecast period. The increased farming of biofuel crops in Latin American countries is driving the growth of this market. Biofuels are sourced from energy crops that comprise wheat, soybean, corn, rapeseed, and sugarcane. APAC, Latin America, and MEA are expected to drive the demand for biofuels reducing the dependence on conventional fuels and their imports.

The increased regulations on the usage of persistent organic pollutants (POPs) is anticipated to fuel the growth of the market during the forecast period. POPs are chemicals that are resistant to environmental degradation and accumulate in the food chain. The 2001 Stockholm Convention on Persistent Organic Pollutants banned the use of POPs, such as DDT, and any kind of insecticide and pesticide that can act as a pollutant for agricultural purposes as they pose severe risks to human and animal health. This initiative has led to the use of environmentally friendly insecticides that can undergo biodegradation and have minimal impact on the environment such as pyrethrums and pyrethroids.

The synthetic crop protection chemicals dominated the market with a share of 92% during 2014. These chemicals can be further classified as organophosphate pesticides, carbamate pesticides, organochlorine insecticides, and pyrethroids.

The herbicides segment dominated the market during 2014, with a market share of around 46%. The report predicts the herbicides segment to reach a market value of around USD 8 billion by the end of 2019. The expanding agricultural industry especially in Brazil, Argentina, and Chile, is driving the growth of this segment.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth

  • Herbicides
  • Insecticides
  • Fungicides
  • Adjuvants

Cereals and grains accounted for nearly 46% of the overall market during 2014. The rapid change in the diet pattern of people across the world has propelled the growth of this segment.

The crop protection chemicals market in LATAM is dominated by international vendors. The introduction of energy-efficient agricultural technologies in developing countries is spurring the market growth. The competitive environment in this market is expected to intensify further due to an increase in product/service extensions, technological innovations, and mergers. The report anticipates international vendors to grow inorganically by acquiring regional or local vendors during the forecast period.

The leading vendors in the market are

  • BASF
  • Bayer
  • Dow
  • DuPont
  • Monsanto
  • Syngenta
  • Valent

Other prominent vendors in the market include

  • ADAMA
  • Arysta LifeScience
  • FMC
  • Marrone Bio Innovations
  • Novozymes
  • Nufarm
  • Sumitomo Chemical.

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Global agriculture overview

Part 06: Market landscape

Part 07: LATAM crop protection chemicals market

Part 08: Market segmentation by type

Part 09: Market segmentation by targeted use

Part 10: Market segmentation by crop type

Part 11: Leading markets

Part 12: Market drivers

Part 13: Market challenges

Part 14: Impact of drivers and challenges

Part 15: Market trends

Part 16: Vendor landscape

Part 17: Key vendor analysis

Part 18: Appendix

For more information visit http://www.researchandmarkets.com/research/6xgg33/crop_protection

Research and Markets
Laura Wood, Senior Manager
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