South America Insecticide Market Size

The South America insecticide market is experiencing notable growth, driven by the increasing need to manage insect pests and reduce crop losses across the region. The market's expansion is particularly evident in Brazil, which dominates due to its diverse agricultural landscape that requires extensive pest management. The adoption of various application methods, such as foliar, seed treatment, and soil application, reflects the market's response to different pest challenges. This growth trajectory underscores the rising importance of insecticides in safeguarding agricultural productivity, with the market size expected to continue its upward trend in the coming years.

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South America Insecticide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 8.43 Billion
svg icon Market Size (2029) USD 10.39 Billion
svg icon Largest Share by Application Mode Foliar
svg icon CAGR (2024 - 2029) 4.26 %
svg icon Largest Share by Country Brazil

Major Players

South America Insecticide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Insecticide Market Analysis

The South America Insecticide Market size is estimated at 8.43 billion USD in 2024, and is expected to reach 10.39 billion USD by 2029, growing at a CAGR of 4.26% during the forecast period (2024-2029).

8.43 Billion

Market Size in 2024 (USD)

10.39 Billion

Market Size in 2029 (USD)

7.00 %

CAGR (2017-2023)

4.26 %

CAGR (2024-2029)

Largest Segment by Application Mode

53.87 %

value share, Foliar, 2023

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Foliar insecticides are preferred because they control a wide variety of insects and help reduce their number by a targeted approach. This is increasing the foliar insecticide adoption rate.

Largest Segment by Crop Type

47.76 %

value share, Pulses & Oilseeds, 2023

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Monoculture, non-tillage, and climatic factors such as drought and heatwaves have increased the prevalence of insects in these crops, leading to an increase in the use of insecticides.

Largest Segment By Country

87.82 %

value share, Brazil, 2023

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Climate changes like drought and heat waves have increased the occurrence of various pests and diseases, causing severe damage to the agricultural sector. This has boosted the insecticide market in the country.

Leading Market Player 1

14.44 %

market share, FMC Corporation, 2022

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FMC Corporation manufactures insecticide products based on novel technologies of Rynaxypyr and Cyazypyr, which control a broad spectrum of chewing and boring pests and are effective in controlling flies, moths, etc.

Leading Market Player 2

13.46 %

market share, Syngenta Group, 2022

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Syngenta's main focus is on developing new technologies such as Plinazolin and Spiropidal to meet the needs of farmers and assist them in protecting their crops.

The foliar mode of application dominated the market due to its effectiveness and flexibility at the time of application

  • The foliar application of insecticides gained much popularity owing to factors like its effectiveness in controlling the target pests and flexibility in the time and dosage of application compared to other methods. It accounted for the highest share of 53.5% in 2022, with a market value of USD 8.36 billion in the same year.
  • The significance of insecticide seed treatment in controlling the spread of plant infections is exemplified by its substantial market share. In 2022, the South American seed treatment market witnessed a notable dominance of insecticide seed treatments, holding an impressive market share of 18.5% among all the application modes. This statistic underlines the growing recognition of the effectiveness of seed treatments in combating insect vectors and safeguarding crop productivity.
  • Soil application of insecticides aims to target soil-borne insect pests that can cause severe effects on the roots and lower parts of the plants. This method accounted for 10.56% of the total insecticide market in South America in 2022. The infestation of soil-borne pests like white grub is known to reduce the root system by approximately 25% in soybeans and 64% in maize. Phyllophaga capillata and Aegopsis bolboceridus damaged all evaluated variables, reducing the overall soybean productivity by 58.62% and maize productivity by 59.76%, which can effectively be treated with soil treatment.
  • The adoption of fumigation and chemigation of insecticides in South America is increasing due to the need and effectiveness of each method based on the requirement, as different methods are effective in controlling different pests.
South America Insecticide Market

Brazil's dominance in the market is fueled by the increasing demand for insecticides driven by the necessity for effective insect control

  • The insecticide market in South America is witnessing significant expansion, with various countries in the region witnessing remarkable expansion. This increased demand for insecticides is driven by the necessity to effectively manage insect pests and minimize crop losses. As of 2022, South America accounted for 24.0% of the total market share value in the global insecticide market.
  • In 2022, Brazil held a significant share of 87.7% in the South American fungicide market, asserting its dominance. Brazil has a vast and diverse agricultural landscape, cultivating a wide array of crops across different areas. This diversity makes crops more vulnerable to a variety of insect pests, resulting in an increased need for insecticides. The most frequently utilized insecticide active ingredients in the country are carbamates and pyrethroids.
  • With a significant market share of 9.0%, the Rest of South America ranks as the second largest consumer of insecticides. Farmers in countries like Ecuador, Paraguay, Peru, Uruguay, and Bolivia are increasingly recognizing the economic losses caused by insect infestations. However, this intensive approach also creates favorable conditions for the rapid spread of insect pests, such as aphids, maggots, whiteflies, flea beetles, cutworms, hornworms, and thrips. These pests pose a substantial threat to grains and cereals, resulting in crop damage and diminished yields. Therefore, the use of insecticides becomes essential to safeguard crops and ensure continued productivity.
  • As a result, the market is expected to experience a CAGR of 4.2% during the forecast period (2023-2029), primarily driven by the increasing demand for agricultural products and the rising significance of insecticides in protecting crops.

South America Insecticide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Argentina, Brazil, Chile are covered as segments by Country.

  • The foliar application of insecticides gained much popularity owing to factors like its effectiveness in controlling the target pests and flexibility in the time and dosage of application compared to other methods. It accounted for the highest share of 53.5% in 2022, with a market value of USD 8.36 billion in the same year.
  • The significance of insecticide seed treatment in controlling the spread of plant infections is exemplified by its substantial market share. In 2022, the South American seed treatment market witnessed a notable dominance of insecticide seed treatments, holding an impressive market share of 18.5% among all the application modes. This statistic underlines the growing recognition of the effectiveness of seed treatments in combating insect vectors and safeguarding crop productivity.
  • Soil application of insecticides aims to target soil-borne insect pests that can cause severe effects on the roots and lower parts of the plants. This method accounted for 10.56% of the total insecticide market in South America in 2022. The infestation of soil-borne pests like white grub is known to reduce the root system by approximately 25% in soybeans and 64% in maize. Phyllophaga capillata and Aegopsis bolboceridus damaged all evaluated variables, reducing the overall soybean productivity by 58.62% and maize productivity by 59.76%, which can effectively be treated with soil treatment.
  • The adoption of fumigation and chemigation of insecticides in South America is increasing due to the need and effectiveness of each method based on the requirement, as different methods are effective in controlling different pests.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Country
Argentina
Brazil
Chile
Rest of South America
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South America Insecticide Market Size Summary

The South America insecticide market is experiencing notable growth, driven by the increasing need to manage insect pests and protect agricultural productivity. The market is characterized by a diverse range of application methods, including foliar, seed treatment, and soil application, each catering to specific pest control needs. Foliar application has gained significant traction due to its effectiveness and flexibility, while seed treatments are recognized for their role in safeguarding crops from insect vectors. The soil application method addresses soil-borne pests that can severely impact root systems, highlighting the comprehensive approach required to combat various pest challenges. The market's expansion is further supported by the adoption of fumigation and chemigation techniques, which are tailored to control different pest types effectively.

Brazil stands out as a dominant player in the region, with its vast agricultural landscape necessitating extensive insecticide use to protect diverse crops from a wide array of pests. The country's significant market share is complemented by the growing recognition of the economic impact of insect infestations in other South American countries, such as Ecuador, Paraguay, and Chile. The latter, being a major exporter of agricultural products, relies heavily on insecticides to meet stringent international quality standards. The market is moderately consolidated, with key players like ADAMA Agricultural Solutions, Bayer AG, Corteva Agriscience, FMC Corporation, and Syngenta Group leading the charge. These companies are actively engaged in partnerships and expansions to enhance their product offerings and address emerging pest management challenges.

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South America Insecticide Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Application Mode

      1. 1.1.1 Chemigation

      2. 1.1.2 Foliar

      3. 1.1.3 Fumigation

      4. 1.1.4 Seed Treatment

      5. 1.1.5 Soil Treatment

    2. 1.2 Crop Type

      1. 1.2.1 Commercial Crops

      2. 1.2.2 Fruits & Vegetables

      3. 1.2.3 Grains & Cereals

      4. 1.2.4 Pulses & Oilseeds

      5. 1.2.5 Turf & Ornamental

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Chile

      4. 1.3.4 Rest of South America

South America Insecticide Market Size FAQs

The South America Insecticide Market size is expected to reach USD 8.43 billion in 2024 and grow at a CAGR of 4.26% to reach USD 10.39 billion by 2029.

In 2024, the South America Insecticide Market size is expected to reach USD 8.43 billion.

South America Insecticide Market Report Snapshots