Brazil Agrochemical Market is driven by Growing Demand for Bio-Based Agrochemicals along with Adoption of GM Technology and Increasing need to Improve Crop Yield: Ken Research

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The report Titled “Brazil Agrochemical Market Outlook to 2025 – By Type of Pesticides (Herbicides, Insecticides, Fungicides and others), By Generic and Patented, By Form of Pesticides (Liquid, Granules and Powder), By Market Structure (Organized and Unorganized Sector), By Type of Crops (Cereal Crops, Fruit Crops and Vegetable Crops), By Region (Mato Grosso, Parana, Sao Paulo, Rio Grande do Sul and Others)” by Ken Research suggested that the Brazil Agrochemical Market has been increasing due to the rising population, increasing expenditure on R&D by major companies, rise in farming income and increasing awareness of agrochemicals among farmers coupled with rising demand of biopesticides in the country. The market is expected to register a positive CAGR of 4.9% in terms of sales revenue during the forecast period 2019P-2025F.

Brazil Agrochemical Market-

“Increasing Demand for Bio-Based Agrochemicals coupled with growing population and increasing soybean production have driven the Brazil Agrochemical Market”

High Adoption of Herbicides: Brazil is the fourth largest agriculture economy and also the largest exporter of coffee and soybeans in 2018. Brazilian government has mandated the use of pesticides more specifically herbicides to reduce soil erosion; thereby, preventing the weed impact on the soil. Herbicides are a preferred choice of farmers in Brazil to control weed and attain optimum crop production. Therefore, rise in wheat, soy, and cereals production also forces the adoption of herbicides among the consumers. The increase in adoption of glyphosate in Brazil due to rise in adoption of glyphosate-resistant soybeans is one of the major growth drivers of the economy.

Growing Demand for Bio-Based Agrochemicals: The demand for biopesticides and biocompatible products to control pests, diseases and weeds has been increasing in Brazil in recent years, with increases in concern about the environment and contamination of food with synthetic chemical pesticides. There are currently (as o 30^th November 2019) 166 commercial bio pesticides products approved in Brazil with 30 biological control assets. Furthermore, there are several new active ingredients for bio insecticides, which were launched by various companies contributing to the growth of the market.

Adoption of GM Technology: Brazil is the leading producer of GM (Genetically modified) crops in Latin America, with three commercialized crops: soybean, maize and cotton and is the second largest producer of biotech crops in the world, next to the US, planting 50.2 million hectares of biotech crops in 2017. The value of the GM seed market at the ex-manufacturer level in Brazil was USD 3.8 billion in 2017. Brazil has expanded the area cultivated with genetically modified (GM) crops by 1.1 million hectares in 2018. With the adoption of GM technology, the adoption of these crops has fastened up the use of pesticides due to rise of superweeds and the increase in difficulty to kill insects.

Key Segments Covered

By Types of Pesticides

Herbicides

Insecticides

Fungicide

Seed Treatment

Miticides

Others

By Type of Herbicides

Glyphosate

2.4-D

Atrazine

Paraquat

Others

By Type of Fungicides

Mancozeb

Prothioconazol

Elatus

Others

By Type of Insecticides

Pyrethroids

Lambda-cyhalothrin

Chlorpyrifos

Acephate

Others

By Type of Product

Generic

Patented

By Type of Generic Products

Herbicides

Insecticides

Fungicide

Seed Treatment

Miticides

Others

By Type of Patented Products

Herbicides

Insecticides

Fungicide

Seed Treatment

Miticides

Others

By Form of Pesticide

Liquid

Granules

Powder

By Type of Market

Organized

Unorganized

By Types of Crops

Cereal Crops

Fruit Crops

Vegetable Crops

Others

By Type of Cereal Crops

Soybean

Sugarcane

Corn

Cotton

Others

By Type of Fruit Crops

Coffee

Citrus

Apples

Grapes

Others

By Type of Vegetable Crops

Potato

Tomato

Onion

Garlic

Others

By Region

Mato Grosso

Parana

Sao Paulo

Rio Grande do Sul

Others

Key Target Audience

Venture Capitalist Firms

Agrochemical Manufacturers

Raw Material Suppliers

Research & Development Institutes

Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Period: 2013-2019P

Forecast Period: 2019P-2025F

Companies Covered:

Syngenta

Bayer Ag

Corteva

BASF

FMC

UPL

Nufarm

Ihara Brazil

Key Topics Covered in the Report

Brazil Agrochemical Market Overview and Genesis (Overview and Genesis including Market Stage, Market Nature and Growth Drivers, Business Cycle Graph)

Brazil Agrochemical Market Value Chain Analysis

Overview of Brazil Agricultural Scenario (Agricultural Overview, Contribution to GDP, Planted Area And Production, Mechanization Rate, Major Crops, Climate, Challenges and Sources of Credit)

Introduction to Brazil Agrochemical Market (Revenue from Formulants, Revenue from Sale of Technical Products and Sale of Active Ingredients in Thousand Tonnes)

Brazil Agrochemical Market Segmentation

Snapshot of Biopesticides in Brazil Agrochemicals Market

Trade Scenario in Brazil Agrochemicals Market (By Value, By Volume and By Countries)

Decision Making Process Used by Farmers before Purchasing Agrochemical Products

Trends and Developments in Brazil Agrochemicals Market

Issues and Challenges in Brazil Agrochemicals Market

Brazil Agrochemicals Market Regulations

SWOT Analysis Brazil Agrochemicals Market

Brazil Agrochemicals Market Competition Scenario (Competition Scenario, Strength and Weakness, Market Share, Competition Scenario of Major Players)

Brazil Agrochemicals Market Future Projection, 2019P-2025F

Future Outlook of Brazil Agrochemicals Market Segmentations, 2019P-2025F

Analyst Recommendations