Outlook of the crop protection chemicals market in LATAM
Technavio’s market research analyst predicts 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.
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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.
Segmentation by type and analysis of – natural chemicals, synthetic chemicals
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 report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Synthetic crop protection chemicals
- Natural crop protection chemicals
Segmentation by targetted use and analysis of - herbicides, insecticides, fungicides, adjuvants
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
Segmentation by crop type and analysis of - cereals, oilseeds, fruits
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 report offers an analysis of each of the following segments and discusses its impact on the overall market growth –
- Cereals and grains
- Oilseeds and pulses
- Fruits and vegetables
Competitive landscape and key vendors - BASF, Bayer, Dow, DuPont, Monsanto
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, and Sumitomo Chemical.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the crop protection chemicals market in LATAM?
- What are the key market trends impacting the growth of the crop protection chemicals market in LATAM?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the crop protection chemicals market in LATAM?
- What are the key outcomes of the five forces analysis of the crop protection chemicals market in LATAM?
Technavio also offers customization on reports based on specific client requirement.
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TOC
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor product offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Global agriculture overview
- Agricultural production
- Global agricultural land
PART 06: Market landscape
PART 07: LATAM crop protection chemicals market
- Market size and forecast
- Five forces analysis
PART 08: Market segmentation by type
- Market overview
- Synthetic crop protection chemicals
- Natural crop protection chemicals
PART 09: Market segmentation by targeted use
- Market overview
- Herbicides
- Fungicides
- Insecticides market in LATAM
- Adjuvant chemicals market in LATAM
PART 10: Market segmentation by crop type
- Market overview
- Oilseeds and pulses segment
- Cereals and grains segment
- Fruits and vegetables segment
- Other crops segment
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
- Competitive scenario
- Key news
- Mergers and acquisitions
- Other prominent vendors
PART 17: Key vendor analysis
- BASF
- Bayer CropScience
- Dow AgroSciences
- Monsanto
- Syngenta
PART 18: Appendix
PART 19: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape