Chile Crop Protection Chemicals Market - Growth, Trends, and Forecast (2019 - 2024)

SKU ID : INH- 13347137

Publishing Date : 01-Apr-2019

No. of pages : 65

PRICE
3250
7850

  • Market Overview

    The Chile crop protection chemicals market was valued at USD 390 million in the year 2018 and is projected to reach USD 540 million by 2024, at a CAGR of 5.31% in the forecast period. The drivers identified in this market include the need for increased agricultural productivity, an increasing number of mergers and acquisitions, decreasing arable land, technological innovation in crop protection sector, increasing herbicide resistance, and increased rate of adoption of GM technology. The restraints identified in this market are environmental and ecological damages, government regulations on agro chemicals, food safety issues, and increased health concerns.



    Scope of the Report

    Plant protection may be defined as the measures taken to protect cultivated plants against diseases, pests, as well as weed and grasses. The US-EPA’s pesticide law defines a pesticide(with certain minor exceptions) as a substance or mixture of substances intended for preventing, destroying, repelling, or mitigating any pest or substance or mixture of substances intended for use as a plant regulator, defoliant, or desiccant or any nitrogen stabilizer. Mainly four kinds of pesticides have been considered in the report, which includes insecticides, herbicides, fungicides, and others. In addition, the report takes account of both synthetic pesticides and bio-pesticides for analysis. The report presents a wide-ranging analysis of market share, size, and volume of the crop protection chemicals market in Chile.

    Key Market Trends

    Technological Innovation in the Crop Protection Sector is driving the market

    Various ongoing innovations in agriculture are expected to have a positive impact on the crop protection chemicals market in Chile. For instance, the application of epigenetics in developing new fungicide formulation, digital farming tools, and precision farming with a precise amount of chemicals for getting proper yield among others, are likely to drive the demand for pesticides in Chile.

    Chile Crop Protection Chemicals Market is Segmented by Applications into Crop-based Products

    The Ministry of Agriculture’s Agricultural and Livestock Protection Service (SAG) must approve the use of pesticides. This agency regulates the use of pesticides in Chile. In Chile, the agrochemicals market is quite competitive, with Bayer occupying the topmost position, followed by Syngenta and Agricola National S.A.C(ANASAC). The market for crop-based pesticide application occupies a larger market share of 85%, with grains and cereals dominating this segment

    Competitive Landscape

    Companies in the Chilean crop protection chemicals market are mainly focused on developing new, qualitative products, and developing new technologies to improve product quality. New product launches, partnerships, and mergers and acquisitions are the main strategies followed by the major players in the Chilean crop protection chemicals market. The market studied is concentrated, although the entire South American crop protection chemicals market is fragmented. The top players constitute around 79% share of the market studied, while the other companies account for approximately 21% of the market share. In Chile, the crop protection chemicals market is quite competitive, and all transnational crop protection providers have their presence in the region.

    Reasons to Purchase this report:

    - The market estimate (ME) sheet in Excel format
    - Report customization as per the client's requirements
    - 3 months of analyst support

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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