Agrochemicals Market in Brazil 2015-2019 - New Study Released

From: Fast Market Research, Inc.
Published: Sun Sep 13 2015


Agriculture accounted for 5.6% of the GDP of Brazil. Brazil is currently one of the leading manufacturers and exporters of fibers, food, energy, and meat. It is also one of the largest producers of soybeans, corn, coffee, sugarcane, oil plants, grapes, oranges, beef, poultry, meat, and pork. The population of Brazil is likely to rise by 30% over the next three decades. However, the booming agriculture in the country is expected to fulfil the demand for food. The equatorial climate of Brazil is favorable for insects, weeds, and fungi, which leads to demand for agrochemicals. In 2012, Brazil surpassed the US as the largest buyer of pesticides.

Technavio's analysts forecast the agrochemicals market in Brazil to grow at a CAGR of 4.71% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Rising awareness about pesticides residues in food has led to an increase in the adoption of organic food. Many initiatives have been taken worldwide to reduce the carbon content emitted by synthetic pesticides. Organic farming has grown into a multi-billion dollar industry in recent years, creating opportunities in the agricultural industry in Brazil and providing a base for more sustainable farming."

According to the report, the growing global population is leading to high demand for food. Disposable incomes in developing countries such as China and India are also rising, resulting in an increase in per capita consumption of agricultural products. Consumers in these countries are expanding their diets in the form of increased demand for grain-intensive animal protein and dairy products. This, in turn, will propel the demand for fertilizers.

Further, the report states that we anticipate patents expiry for pesticides to affect the market's growth.

The key players in the Agro Chemical Market in Brazil are BASF, Bayer CropScience, FMC and Syngenta while other prominent vendors include Adubos Sudoeste, Agrium, Dow AgroSciences, DuPont, EuroChem, Koch Industries, Novozymes, PotashCorp and Valent BioSciences

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/brazil-agrochemicals-market

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