Latin America Crop Protection Chemicals Market Growth, Forecast, Share and Outlook Report 2033

Market Overview

The Latin America Crop Protection Chemicals Market size was valued at USD 15,345.6 Million in 2024 and is projected to reach USD 24,060.3 Million by 2033, exhibiting a CAGR of 4.60% during 2025-2033. Driven by the expansion of the agricultural sector and the need for effective pest, disease, and weed management in staple and high-value crops, the market growth is augmented by rising export-oriented production and increasing consumer demand for residue-free, high-quality produce.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Latin America Crop Protection Chemicals Market Key Takeaways

• The Latin America crop protection chemicals market size was valued at USD 15,345.6 Million in 2024.
• The market is projected to grow at a CAGR of 4.60% from 2025 to 2033, reaching USD 24,060.3 Million.
• Brazil dominates the market owing to its extensive agricultural industry.
• The growth is driven by increased demand for high-yield crops and effective crop protection solutions.
• Rising awareness of sustainable agricultural practices is promoting bio-based chemicals.
• Technological advancements like precision agriculture and smart spraying are enhancing application efficiency.
• Expansion in export-oriented farming and government subsidies are supporting market growth.

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Market Growth Factors

The Latin America crop protection chemicals market is primarily driven by the increasing demand for high-yield crops to support the region’s growing population. For instance, corn production for the marketing year 2025/26 is projected to reach 131 million metric tons. Expansion of commercial agriculture, especially in soybean, maize, and sugarcane cultivation, is catalyzing the adoption of advanced crop protection chemicals. Government initiatives and subsidies aimed at improving farm productivity are further boosting chemical adoption. Additionally, rising awareness of sustainable agricultural practices and integrated pest management is encouraging the use of bio-based and environmentally friendly chemicals.

Another key factor is the rapid growth of the agriculture sector in Latin America. For example, Argentina’s agriculture sector accounted for 15.7% of GDP in 2021 and 10.6% of tax revenues. Growing mechanization and adoption of precision agriculture technologies are enhancing yields, encouraging the targeted use of herbicides, fungicides, and insecticides. Increased agricultural exports drive demand for higher-quality produce, further stimulating crop protection chemicals usage to meet domestic consumption and exporting standards.

Urbanization and the associated limited availability of arable land are pushing farmers to maximize output per hectare. In Brazil, only 6.7% of the total land was arable in 2022, while in Argentina, it was 15.7%. This limited farmland has compelled farmers to adopt intensive and efficient farming practices, relying heavily on crop protection chemicals to sustain high yields. Precision application techniques such as foliar sprays and seed treatments optimize chemical use, reduce environmental impact, and support sustainable production without further land encroachment.

Market Segmentation

Analysis by Origin:

• Synthetic: Leading due to high effectiveness and reliability on pests, diseases, and weeds across large-scale cereal, oilseed, and fruit operations. Essential in intensive agricultural systems.
• Bio-Based: Gaining traction as environmentally friendly agents extracted from nature, offering residue-free pest management. Often combined with synthetics in integrated crop management.

Analysis by Product Type:

• Herbicide: Controls weeds competing with crops for resources, widely applied in cereals, oilseeds, and pulses. Supports mechanization and eco-friendly practices.
• Fungicide: Prevents fungal diseases affecting fruits, cereals, vegetables, and oilseeds mainly under humid conditions, maintaining crop health and quality standards.
• Insecticide: Protects against a broad spectrum of insect pests causing significant yield loss; integrated with other pest management practices to maintain ecological balance.

Analysis by Crop Type:

• Cereals and Grains: Staple crops like corn, wheat, and rice requiring constant protection through herbicides, fungicides, and insecticides for food security and stable farm incomes.
• Oilseeds and Pulses: Including soybeans, sunflowers, and beans; require specialized protection measures to maintain yield and competitiveness.
• Fruits and Vegetables: High-value crops like tomatoes, bananas, and avocados needing targeted insecticide, fungicide, and herbicide applications to maintain quality for local and export markets.

Analysis by Form:

• Liquid: Dominant due to ease of use, fast plant uptake, compatibility with spraying technologies, and ability to combine with fertilizers, promoting crop health and yield.
• Solid: Includes granules and powders; valued for stability, extended shelf life, and lower transport costs. Used on soil or seeds for slow-release action against pests and diseases.

Analysis by Mode of Application:

• Foliar Spray: Leads due to direct leaf application, fast absorption, and efficiency in pest and disease control. Favored for high-value crops requiring timely intervention.

Regional Insights

Brazil holds the largest market share in 2024 due to its extensive agricultural industry focused on soybeans, corn, sugarcane, and coffee. The country’s dominant position as a consumer and innovator in crop protection chemicals underpins regional market growth. Brazil’s herbicide consumption leads, followed by fungicides and insecticides. The country is gradually adopting bio-based crop protection inputs, reflecting a slow shift toward sustainable agriculture aligned with strong domestic and export demand.

Recent Developments & News

• August 2025: ADAMA Argentina registered Maxentis, a fungicide for barley and wheat, containing 20% Azoxystrobin and 15% Prothioconazole with preventive and curative properties.
• August 2025: Corteva Agriscience launched Ligate in Argentina, a novel herbicide potentially substituting glyphosate.
• June 2025: Syngenta introduced Crestivo herbicide in Brazil, a Soluble Concentrate for managing broadleaf and narrow-leaf weeds.
• April 2025: FMC Corporation secured authorization for Fidresa fungicide in Argentina, aiding protection against leaf spots and leaf scald diseases.
• February 2025: UPL launched Thunder herbicide in Brazil, featuring the groundbreaking molecule asulam, in the last registration stages.

Key Players

• Adama Ltd. (China National Chemical Corporation Limited)
• BASF SE
• Bayer AG
• Corteva, Inc.
• FMC Corporation
• Marrone Bio Innovations, Inc.
• Novozymes A/S
• Sumitomo Chemical Co. Ltd
• Syngenta (China National Chemical Corporation Limited)
• UPL Limited

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