Latin America Biopesticides Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Latin America Biopesticides Market: By Product Type (Fungicides, Nematicides, Insecticides, and Herbicides), By Crop Type (Fruits & Vegetables, Grains & Oilseeds, and Others), By Origin (Botanical, Microbial, and Plant Incorporated Protectants), By Formulation (Liquid and Dry), and Country (Brazil, Mexico, Argentina, Chile, Ecuador, and Rest of Latin America) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

 

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Report

Description

Latin America Biopesticides Market size was valued at USD 433.5 million in 2021 and is expected to reach USD 905.5 billion by 2028, at a CAGR of 12.5% during the forecast period 2022 to 2028. Due to acceptance of biopesticides, ease of registration of biopesticides, low expenditure on R&D for the product development, and awareness among the farmers on application of biopesticides. The report studies market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Ease of registrations for biopesticides, very low expenditure for the development of biopesticide products and awareness among the farmers on biopesticide application expected to witness the growth in the revenue share of biopesticides market. Moreover, government initiatives to support agricultural sector are the reasons anticipated to accelerate the market revenue growth over the forecast period. Latin America biopesticides market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, in 2017, Koppert B.V. has acquired BUG Agentes Biologicos to strengthen their position in macro-biological crop protection and became the largest biocontrol company in Latin America. Moreover, players in the Latin America biopesticides market coming up with launch of newer products to garner larger market share in the market. For instance, In September 2015, Koppert B.V. has launched a new biostimulant, Panoramix (Mycorrhiza, Bacillus, and Trichoderma species) that promotes growth, improves resistance, and to increases yield.

Latin America Biopesticides Market

MARKET SUMMARY
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12.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.5%
  • Largest Market– Europe
  • Fastest Growing Market– North-America

Latin America Biopesticides Marketc

  • Latin America biopesticides market report gives comprehensive outlook on biopesticides market across the region with special emphasis on key countries such as Brazil, Mexico, Argentina, Chile, Ecuador, and Rest of Latin America.
  • The report on Latin America biopesticides market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, crop type, origin, by formulation and country.
  • Key stakeholders of the Latin America biopesticides market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in Latin America biopesticides market activities.
Key Players
  • Bayer CropScience AG
  • Syngenta
  • The Dow Chemical Company
  • BASF SE
  • Isagro SpA
Latin America Biopesticides Market Dynamics

Development and launch of innovative biopesticides by the market players enables surge in the biopesticide market demand over the forecast years. For instance. In 2018, Neudorff launched the new NemaSprayer, which has been specifically designed and pre-calibrated for simple spraying of the new range without the need for a watering can. Apart from above mentioned dynamics, factors like growing awareness about the biopesticides usage among farmers expected to boost the biopesticides market. Moreover, Launch of newer products in various countries enables the growth of biopesticides market over the forecast years.


Latin America Biopesticides Market

Brazil accounted for larger revenue share in Latin America biopesticides market with moderate CAGR due to adoption of biopesticides in the country. Argentina market projected to grow at highest growth rate over the forecast years due to several product launch and expansion of companies’ product portfolio. Mexico Biopesticides Market projected to reach US$ 169.4 Mn by 2023 owing to increase awareness about the biopesticides and their application on crop anticipated the market growth over forecast years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Latin America Biopesticides Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The latin america biopesticides market is projected to expand at a CAGR of 12.5% during the forecast period

 

Herzog, Cobra Braids, NIEHOFF Schwabach, Spirka Schnellflechter, Mayer Industries


Report

Company Profile

  • Bayer CropScience AG,
  • Syngenta,
  • The Dow Chemical Company,
  • BASF SE,
  • Isagro SpA,
  • Koppert Biological Systems,
  • Monsanto Company,
  • BioSciences Corporation and Neudorff GmbH Kg.
  •  Latin America biop pesticides

Description

Latin America Biopesticides Market size was valued at USD 433.5 million in 2021 and is expected to reach USD 905.5 billion by 2028, at a CAGR of 12.5% during the forecast period 2022 to 2028. Due to acceptance of biopesticides, ease of registration of biopesticides, low expenditure on R&D for the product development, and awareness among the farmers on application of biopesticides. The report studies market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Ease of registrations for biopesticides, very low expenditure for the development of biopesticide products and awareness among the farmers on biopesticide application expected to witness the growth in the revenue share of biopesticides market. Moreover, government initiatives to support agricultural sector are the reasons anticipated to accelerate the market revenue growth over the forecast period. Latin America biopesticides market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, in 2017, Koppert B.V. has acquired BUG Agentes Biologicos to strengthen their position in macro-biological crop protection and became the largest biocontrol company in Latin America. Moreover, players in the Latin America biopesticides market coming up with launch of newer products to garner larger market share in the market. For instance, In September 2015, Koppert B.V. has launched a new biostimulant, Panoramix (Mycorrhiza, Bacillus, and Trichoderma species) that promotes growth, improves resistance, and to increases yield.

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