(MoneyNewsWire.Net, January 12, 2018 ) According to the report Latin America Crop Protection Pesticides Market, published by Market Data Forecast, The Market has been estimated at USD 6.30 Billion in 2016 and is projected to reach USD 8.52 Billion by 2021, at a CAGR of 6.23% during the forecast period from 2016 to 2021.
Crop protection chemicals, also called Pesticides protect the farms/crops from insects, diseases that destroy the plants. They constitute a class of agrochemicals used for preventing the destruction of crops by pests, diseases and weeds.
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In the recent years in Latin America, agricultural heartlands of Brazil (the Cerrados) and Argentina (the Pampas) have been experiencing a growing number of highly skilled progressive and operating farmers. Expansion of the farmland has proved to be one of the major driving factors of South Americas agriculture and subsequently the crop protection market. The increased regulations on the usage of persistent organic pollutants (POPs) is also anticipated to fuel the growth of the market Low level of awareness among producers and the controversy surrounding adoption of genetically modified crops is constraining the market growth.
Latin America Crop Protection Pesticides Market: Segmentation
By Crop-based Application
o Grains & Cereals
o Fruits & Vegetables
By Non-Crop-Based Application
o Ornamental Grass
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On Geographical basis Latin America market for Pesticides is segmented into Brazil, Argentina and others. Latin America market is the second fastest growing market for Pesticides. Brazil is the largest, market for Pesticides within the region. Argentina introduced regulations for reducing the use of chemical pesticides in the vicinity of cities which plays key role a raise in consumption of bio-pesticides. Latin American countries are expected to emerge as food-exporting powerhouses in the near future, owing to large availability of fertile land and suitable climatic conditions.
In Latin America Crop Protection Pesticides Market, the leading companies comprises Syngenta, Bayer, BASF, FMC, DuPont, Dow, Monsanto and Iharabras along with other companies like Marrone Bio Innovations, Arysta Life sciences, American Vanguard, Cheminova, Chemtura Corp, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen, and BioWorks.
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Reasons to buy Latin America Crop Protection Pesticides Market Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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