Brazil Insecticides Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

The Brazil insecticides market consists of sales of various kinds of organic and inorganic insecticide products by leading and new market players in and out of the country of Brazil. These insecticides are used to control and kill various crop-damaging insects and disease carriers across different industry verticals, including agriculture and medicine and in households.

In 2021, Brazil remained the largest importer of insecticides globally, with total exports amounting to $1.5 billion by the end of the year. However, the largest export market for Brazilian insecticides in 2021 was Argentina, followed by Paraguay and Mexico. The Brazil Insecticides market is predicted to amass growth at a compounded annual growth (CAGR) of 8.0% during the forecast period of 2022-2030.

Growth Drivers:

To cater to the growing food demand, farmers in Brazil are focusing on raising their agricultural productivity by minimizing the damage caused by pests in their farms. To achieve this, they are adopting the usage of a variety of different insecticides available in the market. This is significantly aiding in the growth of the overall Brazil insecticide market.

Moreover, the leading market players in the Brazilian insecticides market are investing huge sums to increase their R&D activities to develop and launch new products into the market. For instance, UPL recently announced the launch of Sperto insecticide (acetamiprid + bifenthrin), a multi-use insecticide that can control insects effectively in several crops. The launch of such products is expected to create ample growth opportunities for the Brazil insecticides market during the forecast period.

Furthermore, factors such as the rising need for insecticides in soybean coupled with the expansion of soybean in Brazil, the rapidly declining per capita arable land, the growing instances of crop losses due to insect infestation, the escalating efforts made by companies and producers to clarify the effectiveness of organic products, the growing introduction and demand for bioinsecticides as substitutes, the increasing average household expenditure on insecticide products, and the rising collaborations & initiatives by market players to serve the Brazilian farmers are expected to further augment the growth of the market during the forecast period.

However, the increasing costs of insecticides is acting as a major hindrance to the growth of the market in the country. Additionally, the growing usage of biotechnology in fields, especially for soybeans, the burgeoning concerns over the harmful side effects of insecticides on human health, and the implementation of various stringent government regulations over the use of synthetic chemicals in insecticides are estimated to hinder the growth of the Brazil insecticides market to some extent during the forecast period.

Brazil Insecticides Market Segmentation:

By Type:

·         Synthetic Insecticides

·         Bio-insecticides

By Chemical Composition:

·         Pyrethroids

·         Organophosphate

·         Carbamates

·         Organochlorine

·         Botanicals

·         Other types

By Crop Type:

·         Cereals & Grains

·         Oilseeds & Pulses

·         Fruits & Vegetables

·         Other Crop Types

By Formulation:

·         Wettable Powder

·         Emulsifiable Concentrate

·         Suspension Concentrate

·         Oil Emulsion in Water

·         Microencapsulated Suspension

·         Granules

·         Other Formulations

By Form:

·         Sprays

·         Baits

·         Strips

By End-User:

·         Agriculture

·         Medicine

·         Industrial Sector

·         Personal

Brazil Insecticides Market: Crop Type Review:

Based on crop type, the Brazil insecticide market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The oilseeds & pulses segment accounted for the most significant portion of the global insecticides market in 2021. The segment is anticipated to further retain its dominance in the market over the forecast period of 2022-2030.

Brazil Insecticides Market: End-User Review:

Based on the end-user, the Brazil insecticides market is classified into agriculture, medicine, industrial sector, and personal. The agriculture segment is expected to register the highest growth in the market during the forecast period due to the proliferating crop loss cases owing to insect infestation in the country.

Key Companies in Brazil Insecticides Market:

The research report offers a competitive analysis of prominent companies operating in the Brazil Insecticides market. Some of the leading players profiled in the market research report include:

·         Nortox

·         Syngenta

·         Bayer

·         BASF

·         Corteva

·         UPL

·         AgBiTech

·         FMC

·         Nufarm

·         Adama

·         Iharabrás

·         Other Players