Latin America Potassium Soap Insecticides Market Size & Outlook
Latin America potassium soap insecticides market, 2018-2030 (US$K)
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Latin America potassium soap insecticides market highlights
- The Latin America potassium soap insecticides market generated a revenue of USD 850.0 thousand in 2022.
- The market is expected to grow at a CAGR of 8.7% from 2023 to 2030.
- In terms of segment, horticulture was the largest revenue generating application in 2022.
- Outdoor Gardening is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 850.0 thousand |
| Market revenue in 2030 | USD 1,658.8 thousand |
| Growth rate | 8.7% (CAGR from 2022 to 2030) |
| Largest segment | Horticulture |
| Fastest growing segment | Outdoor Gardening |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Horticulture, Indoor Gardening, Outdoor Gardening, Field Crops |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.2% of the global potassium soap insecticides market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,656.8 thousand by 2030.
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Potassium Soap Insecticides Market Scope
Potassium Soap Insecticides Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America potassium soap insecticides market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to potassium soap insecticides market will help companies and investors design strategic landscapes.
Horticulture was the largest segment with a revenue share of 79.2% in 2022. Horizon Databook has segmented the Latin America potassium soap insecticides market based on horticulture, indoor gardening, outdoor gardening, field crops covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing adoption of organic farming practices in Central and South America has driven the demand for environmentally friendly and organic pest control solutions. Potassium soap insecticides are considered a safer and more sustainable alternative to chemical pesticides.
For instance, according to the Research Institute of Organic Agriculture (FiBL), the area under organic farming in Latin America increased by 17% between 2018 and 2019, indicating a growing market for organic pest control solutions.
Governments in the region have been promoting sustainable agricultural practices and providing support for organic farming, which includes the use of biopesticides such as potassium soap.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America potassium soap insecticides market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America potassium soap insecticides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America potassium soap insecticides market outlook size, by country, 2018-2030 (US$K)
Latin America Potassium Soap Insecticides Market Outlook Share, 2022 & 2030 (US$K)
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