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Revenue from formulants among topics covered in Brazil agrochem report
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Saturday, 04 January, 2020, 08 : 00 AM [IST]
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An overview and genesis, market size in terms of revenues from formulants and technicals, trends and developments, issues and challenges and government regulations in Brazil regarding agrochemicals were among the topics covered by Ken Research’s new 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 (Organised and Unorganised Sector), By Type of Crops (Cereal Crops, Fruit Crops and Vegetables Crops) and By Region (Mato Grosso, Parana, Sao Paulo, Rio Grande do Sul and Others).
It provided a comprehensive analysis of the Agrochemical market in Brazil, value chain and SWOT analysis, buying decision parameters, competitive scenario and company profiles, and concluded with market projection and analyst recommendations, highlighting the major opportunities and cautions.
Brazil agrochemical market overview and size
Brazil is the largest agrochemicals consumer in South America accompanying 40-50 per cent of the total consumption. The Brazilian agrochemical market is dominated by imports.
With few technicals being manufactured in Brazil, the country has been majorly dependent on several countries such as the US, India and China for the procurement of technical which are used in crop protection.
The Brazilian agrochemical market in terms of sales volume increased at a single-digit CAGR over the review period 2013-201P. In 2015, the Brazilian market declined considerably due to inventories from 2014, as well as a strong exchange rate fluctuation and a reduction in the availability of credit, causing the market to remain flat until 2017.
The agrochemical business in the country has been significantly growing since 2017 owing to the rising population, increase in producer prices, rise in farming income and increasing awareness of agrochemicals among farmers and producers.
The presence of global players in the market has ensured that Brazil has access to quality products and innovations in the agrochemical industry. However, agrochemicals induced health and environmental concerns might create risk for market growth.
Brazil agrochemical market segmentation
By types of pesticides: Herbicides are a preferred choice of farmers in Brazil to control weed and attain optimum crop production. Therefore, the rise in wheat, soy, and cereals production is forcing 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 driver.
Fungicides are stated to increase in the future as it is used as integration with bio-pesticides. Insecticides along with seed treatments and miticides also have a significant contribution owing to increasing number of pests and insects affecting crop production.
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. The Brazilian biopesticide is estimated to record a CAGR (compound annual growth rate) of 14.1 per cent during 2019(P)-2025F (forecast period).
By types of herbicides: Herbicides which are largely used in Brazil are Glyphosate, 2.4-D, Atrazine, Paraquat and others.
By types of fungicides: Fungicides which are largely used in Brazil include Mancozeb, Prothioconazol, Elatus and others.
By types of insecticides: Insecticides which are largely used in Brazil are Pyrethroids, Lambda-cyhalothrin, Chlorpyrifos, Acephate and others.
By type of product: In Brazil, the share of generic market has been increasing over the years owing to the depreciation of currency in the Brazilian market forcing the farmers to switch to relatively cheaper products.
In the herbicide market, glyphosate plays a major role in generic products. In the fungicide market, patented products account for four-fifths of the market, which provides great opportunities for the future.
Similarly, in the seed coating market, patented products have a larger proportion, which also provides great potential for generic products with the expiration of more and more patented products.
By form of pesticides: Liquid pesticides have a majority share in terms of revenues in the agrochemical products. Since the use of liquid pesticides is relatively easier, farmers prefer to use liquid pesticides.
The share of granules and powder form of pesticides are expected to decrease in the future, as farmers are often misguided about the usage of pesticides which are in granule and powdered forms.
By type of market: The share of the organised market is higher owing to robust government regulations and number of checks performed at every stage. As the farmers prefer pesticides which are authorised by the government of Brazil, companies go through the regulatory process in order to sell the agrochemical products in the country.
By types of crops: Cereal crops has contributed the most in the overall agrochemical market revenues in 2019(P), with soybean grown the most. The maximum demand for agrochemical products are from cereal crops.
The major pesticides used in cereal crops are Glyphosate, 2.4D, and Atrazine. In case of fruit crops, both herbicides and insecticides are used for crop protection. Major crops, such as coffee, citrus and apples, account for nearly half of the production of fruits.
The pesticides are effective in combating against pests and increase the yield of the fruits. Vegetable crops are mostly root crops, absorbs most of the pesticides that is sprayed on them.
By region: Mato Grosso and Parana are the cities with the largest arable land contributing highest revenue share, whereas the remaining share were captured by other areas, such as Sao Paulo and Rio Grande do Sul.
Competitive landscape
The Brazil agrochemical market is moderately concentrated with the leading eight players collectively capturing more than 80 per cent of the total market share in terms of revenue in the year 2019(P).
The global players with their recent mergers or acquisitions have consolidated their position in the global level with a view to increase their market share further.
Major players operating in the industry are Sygenta, Bayer, Corteva, BASF, FMC, UPL, Nufarm and Iharabras.
Brazil agrochemical market future outlook
The future prospects of the agrochemicals market in Brazil is expected to grow at a CAGR of 4.9 per cent during the period 2019(P)-2025F. Rising demand to improve crop yields, the emergence of plant health as a distinct market segment and the increasing demand for biologically-based new products are expected to drive the demand for agrochemicals in the future.
Key segments covered
By types of pesticides
Herbicides
Insecticides
Fungicides
Seed treatment
Miticides
Others
By types 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
Organised
Unorganised
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 and development institutes
Government bodies and 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 Bio pesticides 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
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