Press release
Brazil Insecticides Market Top Key Players - Nortox, Syngenta, Bayer, BASF, Corteva, UPL, AgBiTech, FMC, Nufarm, and Adama
Factors such as the growing collaborations & initiatives by market players to serve the Brazilian farmers, the rising focusing of farmers present in the region on enhancing their agricultural productivity, the increasing launch of new and innovative products by leading market players, the augmenting need for insecticides in soybean coupled with the fast-paced growth of soybean in Brazil, the rapidly decreasing per capita arable land, the surging instances of crop losses due to insect infestation, the increasing introduction and demand for bioinsecticides as substitutes, and the high average household expenditure on insecticide products in Brazil are predominantly driving the growth of the Brazil insecticides market.
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On the other hand, the burgeoning costs of insecticides, the rising usage of biotechnology in fields, the increasing concerns over the harmful side effects of insecticides on human health, and the roll-out of various stringent government regulations over the use of synthetic chemicals in insecticides are projected to restrict the growth of the Brazil insecticides market during the forecast period of 2022-2030.
According to crop type, the oilseeds & pulses segment held the largest share of the Brazil insecticides market in 2021. The segment is predicted to maintain its lead further in the market during the forecast period of 2022-2030.
According to end-user, the agriculture segment is projected to attain the highest CAGR in the market during the forecast period of 2022-2030, mainly owing to the escalating crop loss cases due to insect infestation in the country.
Some of the major Brazil insecticides companies profiled in the report include Nortox, Syngenta, Bayer, BASF, Corteva, UPL, AgBiTech, FMC, Nufarm, and Adama.
The global Brazil insecticides market is segmented into type, chemical composition, crop type, formulation, form, end-user, and region. Based on type, the market is bifurcated into synthetic insecticides and bio-insecticides. Based on chemical composition, it is classified into pyrethroids, organophosphate, carbonates, botanicals, and other types. Based on crop type, it is classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types.
Based on formulation, it is classified into wettable powder, emulsifiable concentrate, suspension concentrate, oil emulsion in water, microencapsulated suspension, granules, and other formulations. Based on form, it is classified into sprays, baits and strips. Based on end-user, it is classified into agriculture, medicine, industrial sector, and personal.
The global Brazil insecticides market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Brazil Insecticides Market
• On the basis of crop type, the oilseeds & pulses segment held the largest share of the Brazil insecticides market in 2021. The segment is predicted to maintain its lead further in the market during the forecast period of 2022-2030.
• On the basis of end-user, the agriculture segment is projected to attain the highest CAGR in the market during the forecast period of 2022-2030, mainly owing to the escalating crop loss cases due to insect infestation in the country.
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