Brazil Agrochemicals Market Size & Outlook, 2023-2030
Brazil agrochemicals market, 2018-2030 (US$M)
Related Markets
Brazil agrochemicals market highlights
- The Brazil agrochemicals market generated a revenue of USD 24,879.1 million in 2023 and is expected to reach USD 36,392.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Fertilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 24,879.1 million |
| Market revenue in 2030 | USD 36,392.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Fertilizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Other Products |
| Key market players worldwide | Clariant AG, Basf SE, Huntsman Corp, Bayer AG, Dow Inc, Solvay SA, Nufarm Ltd, Evonik Industries AG, Croda International PLC, Helena Laboratories, Ashland Inc, FMC Corp, ADAMA Agricultural Solutions, Stepan Co |
Other key industry trends
- In terms of revenue, Brazil accounted for 9.2% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 36,392.0 million by 2030.
Fertilizers was the largest segment with a revenue share of 65.49% in 2023. Horizon Databook has segmented the Brazil agrochemicals market based on fertilizers, crop protection chemicals, plant growth regulators, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for agrochemicals is increasing in Brazil due to the increasing demand and production of Brazilian soybeans. The trade war between U.S. and China has instrumented China to impose high tariffs on soybeans and other agricultural products in response to the U.S. tariffs on Chinese products. This has befitted Brazil from the rising demand for soybeans out of China.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil agrochemicals market size, by product, 2018-2030 (US$M)
Brazil Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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