Latin America Agrochemicals Market Size & Outlook
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Latin America agrochemicals market highlights
- The Latin America agrochemicals market generated a revenue of USD 46,058.7 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Crop Protection Chemicals is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 46,058.7 million |
| Market revenue in 2030 | USD 64,358.2 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 17.0% of the global agrochemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,353.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 57.55% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America is considered to be one of the prominent market for agricultural products in the world. This region comprises some of the emerging countries including Brazil, Argentina, Colombia, and Chile. The market in this region was dominated by Brazil in 2020. Central & South America accounted for 23.9% of the global agrochemicals market volume in 2020.
Fertilizers accounted for the majority share in the agrochemicals market in Central & South America in 2020. The region has witnessed a flourishing agriculture sector with improved irrigation facilities and mechanization. Biofertilizers and organic fertilizers are expected to drive the fertilizer industry in this region over the forecast period.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ADAMA Agricultural Solutions | View profile | 1001-5000 | Tel Aviv, Tel Aviv, Israel, Asia | http://www.adama.com/en |
| Stepan Co | View profile | 2453 | 1101 Skokie Boulevard, Suite 500, Northbrook, IL, United States, 60062 | https://www.stepan.com |
| Helena Laboratories | View profile | 501-1000 | Beaumont, Texas, United States, North America | https://www.helena.com/ |
| Nufarm Ltd | View profile | 3059 | 103-105 Pipe Road, Laverton North, Melbourne, VIC, Australia, 3026 | https://www.nufarm.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| FMC Corp | View profile | 6600 | 2929 Walnut Street, Philadelphia, PA, United States, 19104 | https://www.fmc.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America agrochemicals market size, by country, 2018-2030 (US$M)
Latin America Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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