Latin America Turf and Ornamental Crop Protection Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Latin America Turf and Ornamental Crop Protection Market: Type of Grass (Turf Grass (Rye Grass, Blue Kentucky Grass, Zoysia Grass, Tall Fescue, Bermuda Grass, and Other Turf Grass), Ornamental Grass (Feather Reed Grass, Fountain Grass, Fibre Optic Grass, Ravenna Grass, Purple Millet, and Other Ornamental Grass), Origin (Organic and Synthetic), By Product Type (Insecticide, Fungicide, Herbicide, and Others), Mode of Application (Soil Treatment and Foliar Spray) and Country

 

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Report

Description

Latin America Turf and Ornamental Crop Protection Market was valued at USD 504.1 million in 2021, growing at a high CAGR of 4.6% from 2022 to 2028 to reach USD 692.1 million by 2028. Agrochemical innovation, the development of new fungicide formulations, digital farming tools, and precision farming with a precise amount of chemicals, an increasing number of mergers and acquisitions, decreasing arable land, increasing herbicide resistance, and a higher rate of adoption of Genetically Modified (GM) technology are all boosted the market in the region. In 2021, Pesticides will have a market revenue share of 26.3% from 2022 to 2028; it is predicted to increase at a CAGR of 4.7%, increasing the launching of new products in the region as increased demand for organic pesticides. Fountain Grass has a market share of 21.2 % and is expected to increase at a CAGR of 4.3% in the future years. The organic origin segment has a market share of 15.3% and is expected to increase at a CAGR of 4.1% in the coming years. However, regulations for agrochemicals and lack of raw material availability hampers the market in the Latin America region.

Key developments:

Sumitomo Chemical Company successfully completed the acquisition of four South American subsidiaries held by Nufarm Limited, a leading Australian agricultural chemical company, in Brazil, Argentina, Chile, and Colombia in April 2020. Sumitomo Chemical will be able to develop and sell crop protection products across South America, especially Brazil, as a result of this acquisition.

Latin America Turf and Ornamental Crop Protection Market

MARKET SUMMARY
-
4.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.6%

Latin America Turf and Ornamental Crop Protection

  • The turf and ornamental crop protection market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The turf and ornamental crop protection market is segmented based on type of grass, origin, product type, mode of application and country
Key Players
  • Adama Chile SA
  • Anasac Chile SA
  • BASF Chile SA
  • Bayer SA
  • Cheminova SA
Latin America Turf and Ornamental Crop Protection Market Growth

The turf and ornamental crop protection market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. For instance, In June 2017, ADAMA Ltd. acquired a majority stake in FNV S.A., its leading crop protection distributor in Paraguay, expanding the company’s commercial footprint in the significant Latin American market.


Latin America Turf and Ornamental Crop Protection Market

Brazil is predicted to have the largest share of the turf and ornamental crop protection market by 2028, and it is expected to grow rapidly in the following years. Increased adoption of herbicide-tolerant crops will increase herbicide usage and market demand in Brazil. However, due to increased pesticide residues in crops and increasing insect resistance, industrialized countries are imposing severe limitations on various synthetic pesticides, which will impact their usage in Brazil. As a result of increased environmental concerns, demand for next-generation biopesticides is expanding in Brazil.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Latin America Turf and Ornamental Crop Protection Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The latin america turf and ornamental crop protection market is projected to expand at a CAGR of 4.6% during the forecast period

Adama Chile SA, Anasac Chile SA, BASF Chile SA, Bayer SA, Cheminova SA, NuFarm, Isagro SpA, Syngenta Crop Protection AG, Sumitomo Chemical Co., Ltd.

 

Europe is the fastest-growing region for latin america turf and ornamental crop protection market


Report

Company Profile

  • Adama Chile SA
  • Anasac Chile SA
  • BASF Chile SA
  • Bayer SA
  • Cheminova SA
  • NuFarm
  • Isagro SpA
  • Syngenta Crop Protection AG
  • Sumitomo Chemical Co., Ltd.

Description

Latin America Turf and Ornamental Crop Protection Market was valued at USD 504.1 million in 2021, growing at a high CAGR of 4.6% from 2022 to 2028 to reach USD 692.1 million by 2028. Agrochemical innovation, the development of new fungicide formulations, digital farming tools, and precision farming with a precise amount of chemicals, an increasing number of mergers and acquisitions, decreasing arable land, increasing herbicide resistance, and a higher rate of adoption of Genetically Modified (GM) technology are all boosted the market in the region. In 2021, Pesticides will have a market revenue share of 26.3% from 2022 to 2028; it is predicted to increase at a CAGR of 4.7%, increasing the launching of new products in the region as increased demand for organic pesticides. Fountain Grass has a market share of 21.2 % and is expected to increase at a CAGR of 4.3% in the future years. The organic origin segment has a market share of 15.3% and is expected to increase at a CAGR of 4.1% in the coming years. However, regulations for agrochemicals and lack of raw material availability hampers the market in the Latin America region.

Key developments:

Sumitomo Chemical Company successfully completed the acquisition of four South American subsidiaries held by Nufarm Limited, a leading Australian agricultural chemical company, in Brazil, Argentina, Chile, and Colombia in April 2020. Sumitomo Chemical will be able to develop and sell crop protection products across South America, especially Brazil, as a result of this acquisition.

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