Market Research Report

Mexico Crop Protection Chemicals Market Research Report: Forecast (2024-2030)

By Type (Herbicides, Insecticides, Fungicides, Nematicide, Others (Algicide, Rodenticides, etc.)), By Origin (Synthetic, Bio-based), By Form (Liquid, Solid), By Crop Type (Cereals ...& Grains, [Wheat, Rice, Corn, Others (Sugarcane, Cotton, etc.)], Oil Seed & Pulses, [Soybean, Sunflower, Others (Rapeseed, Niger, etc.)], Vegetable & Fruits, [Leafy Vegetables, Roots & Tuber Vegetables, Citrus Fruits, Others (Pome Fruits, Stone Fruits, Grapes, etc.)]), By Application (Foliar Spray, Seed Treatment, Soil Treatment, Post-Harvest Treatment), Others Read more

  • Chemicals
  • Nov 2023
  • 170
  • CM10306

Market Definition

Crop protection chemicals, also known as pesticides include fungicides, herbicides, insecticides, nematicides, rodenticides, etc. These are the chemical substances or formulations used in agriculture to protect crops from various pests, diseases, weeds, and other potential threats. These chemicals are employed to safeguard the health & productivity of crops, thereby ensuring higher yields and maintaining the quality of agricultural produce. The use of crop protection chemicals is a common practice in modern agriculture in Mexico to mitigate the adverse impacts of pests & diseases and to optimize crop production.

Market Insights & Analysis: Mexico Crop Protection Chemicals Market (2024-30):

The Mexico Crop Protection Chemicals Market is estimated to grow at a CAGR of around 4.25% during the forecast period, i.e., 2024-2030. Mexico stands as the third-largest agricultural producer in Latin America, following Brazil & Argentina. The country's cultivation practices encompass a wide array of major crops, including sugarcane, coffee, pineapple, bananas, cacao, mangoes, and vanilla. Hence, Mexico played a pivotal role in generating the demand for crop protection chemicals to address the distinct nutritional needs of each crop. The World Bank data reveals that the agricultural sector contributed approximately 4.1% to Mexico's overall GDP in 2022.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-30) 4.25%
Region Covered North, Central, West, East, South
Key Companies Profiled BASF, Unified AG Solutions, Bayer AG, UPL Limited, Syngenta AG, Nufarm Limited, FMC Corporation, Corteva, Chr. Hansen Holding A/S, ADAMA, and others
Unit Denominations USD Million/Billion

 

The nation's agricultural industry has continuously expanded to fulfill the growing populace's needs and to enhance exports. With increased land under cultivation, there's a rising demand for crop protection chemicals to combat pests, diseases, and weeds. Mexico stands as a top exporter of sugar, coffee, corn, soybean oil, and other produce, and to optimize crop yield & efficiency, farmers have turned to herbicides like paraquat & glyphosate to handle unwanted plants, commonly known as weeds, in agricultural fields.

Furthermore, the cultivation of specific crops like grain corn, avocado, and sugarcane is experiencing a significant upsurge in Mexico. This growth is aligned with the objectives outlined in the "Sectoral Programme for Agriculture and Rural Development" (2019-2024), which aims to enhance agricultural productivity to achieve food self-sufficiency. Therefore, this strategic shift towards boosting the cultivation of key crops is expected to have a positive impact on the growth of the Mexico Crop Protection Chemicals Market in the forthcoming years.


Mexico Crop Protection Chemicals Market Research Report: Forecast (2024-2030)

Mexico Crop Protection Chemicals Market Driver:

Growing Government Investment to Support Agriculture Production – The Mexican government provides support & incentives to farmers to enrich agricultural productivity, often involving the usage of crop protection chemicals. The government's investments aimed at boosting overall crop production to meet the global demand for cash crops like coffee, soybean oil, cocoa, etc., hence gearing toward expanding agricultural productivity. Consequently, farmers are embracing the use of crop chemicals, such as herbicides, insecticides, etc., to optimize crop growth, enhance productivity, and meet the requirements for global exports.

Moreover, the adoption of crop protection chemicals enables farmers to provide crops with essential nutrients, micronutrients, and growth enhancers, leading to improved yields & improved crop quality. This has been significantly impacting the demand for crop protection chemicals, thus driving market growth in the country. Furthermore, the expansion of organic farmland and the increasing demand for biochemical are anticipated to amplify the need for crop chemicals in agricultural practices across the region.  

Mexico Crop Protection Chemicals Market Opportunity:

Elevating Agricultural Exports Opens Opportunistic Ground for Mexico Crop Protection Chemicals Market – Mexico presents a wide area of opportunity and promising market avenues for crop protection chemicals. The country's abundant agricultural diversity and robust production capabilities have firmly established it as a prominent global exporter of various crops & commodities. With increasing international demand for high-quality, sustainably produced goods like soybeans, cashews, coffee, and more, the strategic advantage of crop protection chemicals has become evident.

Furthermore, as the global demand for these crops continues to rise, Mexican farmers are emphasizing to meet emerging consumption needs. Consequently, the use of crop chemicals to enrich crop productivity & quality is expected to surge. This would offer a significant opportunity for companies specializing in crop chemicals products to cater to the escalating demand for crop protection chemicals for improved agricultural productivity in the country during 2024-2030.

Mexico Crop Protection Chemicals Market Challenge:

Supply Chain Disruption to Impact the Market – The limited availability of manufacturing facilities for crop protection chemicals within Mexico has resulted in a heavy reliance on crop chemical imports. This dependency poses a challenge to the expansion of the Crop Chemicals Market across the country. Adding to the complexity, Mexico predominantly sources crop protection from regions like Europe, North America, and others.

However, the recent disruption in the supply chain due to the conflict between Russia & Ukraine, as well as COVID-19 trade restrictions, has led to substantial crop protection chemicals shortages, subsequently driving up prices by around 80% within the country. This disruption, in turn, has impacted the sales of crop protection chemicals & has introduced constraints to the overall market growth.

Mexico Crop Protection Chemicals Market Trend:

Rising Adoption of Sustainable Farming Practices to Enhance Industry Expansion – The growing adoption of sustainable farming practices, including Integrated Pest Management (IPM) and Organic Farming, is a notable trend in the Mexico Crop Protection Chemicals Market. The growth imputes to the rising awareness among farmers & consumers regarding the environmental impact of agricultural practices, including the usage of synthetic crop protection chemicals. This awareness has led to a growing interest in sustainable & eco-friendly alternatives during farming practices.

In addition, integrated pest management (IPM) and organic farming practices prioritize the reduction of chemical inputs. Hence, farmers adopting these approaches focus on prevention, monitoring, and the use of natural & biological control methods, limiting the need for synthetic pesticides. This is further anticipated to enhance the market share of bio-based crop chemicals in the forthcoming years.

Mexico Crop Protection Chemicals Market (2024-30): Segmentation Analysis

The Mexico Crop Protection Chemicals Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the national level. In accordance to the analysis, the market has been further classified as:

Based on Type:

  • Herbicides
  • Insecticides
  • Fungicides
  • Others (Nematicide, Rodenticides, etc.)

Herbicides to hold the potential share of the Mexico Crop Protection Chemicals Market. The increasing adoption of genetically modified (GM) crops in Mexico, especially in crops like soybeans & cotton. These crops are designed to resist specific herbicides, allowing farmers to use these herbicides for weed control without harming the crop. This encourages the usage of particular herbicides, which resulted in escalating the market growth.

The rising requirement for herbicides in Mexico is closely tied to the crops cultivated in the country. Key crops include maize, wheat, sorghum, sugarcane, coffee, and a variety of fruits & vegetables that have specific herbicide requirements. In addition, integrated weed management, which combines various weed control methods, like herbicides, is becoming more popular across the country.

Based on Crop Type:

  • Cereals & Grains
    • Wheat
    • Rice
    • Corn
    • Others (Sugarcane, Cotton, etc.)
  • Fruits & Vegetables
    • Leafy Vegetables
    • Roots & Tuber Vegetables
    • Citrus Fruits
    • Others (Pome Fruits, Stone Fruits, Grapes, etc.)
  • Oil Seeds & Pulses
    • Soybean
    • Sunflower
    • Others (Rapeseed, Niger, etc.)

Cereal & Grains accounted for a significant share of the Mexico Crop Protection Chemicals market in the historical years, and the same trend is predicted to be followed in the ensuing years as well. Mexico is a major producer of soybeans, corn, and rice, which are among the most important cereal & grain crops in the region. Thus, to optimize planting & fertilization strategies, the farmers in the regions are inclined to crop protection chemicals to improve yields & reduce environmental impact.

Also, it helps farmers to analyze the soil in their fields with great accuracy, enabling them to determine soil composition, nutrient levels, and other factors that affect crop growth. Thus, specialty fertilizers help farmers with irrigation practices & improve crop yield in the forthcoming years.

Mexico Crop Protection Chemicals Market Industry Recent Development:

  • 2023: BASF SE, launched two new herbicides, Facet and Duvelon to support rice & tea growers tackle problematic weeds. Facet is formulated for application in rice fields, and the formulation of Duvelon is optimized for the use in tea & coffee plantations. These innovations offer farmers in Mexico a reliable solution for weed management.

Gain a Competitive Edge with Our Mexico Crop Protection Chemicals Market Report

  • Mexico Crop Protection Chemicals Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Mexico Crop Protection Chemicals Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Mexico Crop Protection Chemicals Market is expected to grow at a CAGR of around 4.25% during 2024-2030.

   A. Increasing government investment to support agriculture production is expected to drive the Mexico Crop Protection Chemicals Market during 2024-30.

   A. BASF, Unified AG Solutions, Bayer AG, UPL Limited, Syngenta AG, Nufarm Limited, FMC Corporation, Corteva, Chr. Hansen Holding A/S, ADAMA, and others are the top players in the Mexico Crop Protection Chemicals Market.

   A. Herbicides is the leading type of crop chemical in the Mexico Crop Protection Chemicals Market.

   A. The rising adoption of sustainable farming practices is the key trend shaping the growth of the Mexico Crop Protection Chemicals Market.

   A. Elevating agricultural exports opens opportunities for the Mexico Crop Protection Chemicals Market through 2030.

   A. The supply Chain disruption to impact Crop Protection Chemicals Market in Mexico.

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Assumption
    3. Market Definition
  3. Executive Summary
  4. Mexico Crop Protection Chemicals Market Import-Export Analysis
  5. Mexico Crop Protection Chemicals Market Supply Chain Analysis
  6. Mexico Crop Protection Chemicals Market Trends & Development
  7. Mexico Crop Protection Chemicals Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Mexico Crop Protection Chemicals Market Hotspot & Opportunities
  9. Mexico Crop Protection Chemicals Market Policies, Regulations, and Product Standards
  10. Mexico Crop Protection Chemicals Market Outlook, 2019-2030
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Herbicides- Market Size & Forecast 2019-2030, Thousand Tons
        2. Insecticides- Market Size & Forecast 2019-2030, Thousand Tons
        3. Fungicides- Market Size & Forecast 2019-2030, Thousand Tons
        4. Nematicide- Market Size & Forecast 2019-2030, Thousand Tons
        5. Others (Algicide, Rodenticides, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Origin
        1. Synthetic- Market Size & Forecast 2019-2030, Thousand Tons
        2. Bio-based- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Form
        1. Liquid- Market Size & Forecast 2019-2030, Thousand Tons
        2. Solid- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Crop Type
        1. Cereals & Grains
          1. Wheat- Market Size & Forecast 2019-2030, Thousand Tons
          2. Rice- Market Size & Forecast 2019-2030, Thousand Tons
          3. Corn- Market Size & Forecast 2019-2030, Thousand Tons
          4. Others (Sugarcane, Cotton, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
        2. Oil Seed & Pulses
          1. Soybean- Market Size & Forecast 2019-2030, Thousand Tons
          2. Sunflower- Market Size & Forecast 2019-2030, Thousand Tons
          3. Others (Rapeseed, Niger, etc.)
        3. Vegetable & Fruits
          1. Leafy Vegetables- Market Size & Forecast 2019-2030, Thousand Tons
          2. Roots & Tuber Vegetables- Market Size & Forecast 2019-2030, Thousand Tons
          3. Citrus Fruits- Market Size & Forecast 2019-2030, Thousand Tons
          4. Others (Pome Fruits, Stone Fruits, Grapes, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
      5.  By Application
        1. Foliar Spray- Market Size & Forecast 2019-2030, Thousand Tons
        2. Seed Treatment- Market Size & Forecast 2019-2030, Thousand Tons
        3. Soil Treatment- Market Size & Forecast 2019-2030, Thousand Tons
        4. Post-Harvest Treatment- Market Size & Forecast 2019-2030, Thousand Tons
      6. By Region
        1. North
        2. Central
        3. West
        4. East
        5. South
      7. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Mexico Herbicides Market Outlook, 2019-2030
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Glyphosate- Market Size & Forecast 2019-2030, Thousand Tons
        2. Atrazine - Market Size & Forecast 2019-2030, Thousand Tons
        3. Sempra- Market Size & Forecast 2019-2030, Thousand Tons
        4. Others (Gramoxone, Triazines etc.)- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Origin- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Form- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Crop Type- Market Size & Forecast 2019-2030, Thousand Tons
      5. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  12. Mexico Insecticides Market Outlook, 2019-2030
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Organochlorine - Market Size & Forecast 2019-2030, Thousand Tons
        2. Organophosphate - Market Size & Forecast 2019-2030, Thousand Tons
        3. Carbamates- Market Size & Forecast 2019-2030, Thousand Tons
        4. Others (Formamidines, Nicotinoids, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Origin- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Form- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Crop Type- Market Size & Forecast 2019-2030, Thousand Tons
      5. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  13. Mexico Fungicides Market Outlook, 2019-2030
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Dithiocarbamates- Market Size & Forecast 2019-2030, Thousand Tons
        2. Benzimidazoles- Market Size & Forecast 2019-2030, Thousand Tons
        3. Triazoles Diazoles- Market Size & Forecast 2019-2030, Thousand Tons
        4. Others (Diazines Morpholines, Fuberidazoleetc.)- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Origin- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Form- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Crop Type- Market Size & Forecast 2019-2030, Thousand Tons
      5. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  14. Mexico Nematicide Market Outlook, 2019-2030
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share and Analysis
      1. By Type
        1. Fumigants- Market Size & Forecast 2019-2030, Thousand Tons
        2. Carbamates- Market Size & Forecast 2019-2030, Thousand Tons
        3. Organophosphates- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Origin- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Form- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Crop Type- Market Size & Forecast 2019-2030, Thousand Tons
      5. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  15. Mexico Crop Protection Chemicals Market Key Strategic Imperatives for Growth and Success
  16. Competitive Outlook
    1. Company Profiles
      1. BASF
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Unified AG Solutions
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Bayer AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. UPL Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Syngenta AG     
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Nufarm Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. FMC Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Corteva
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Chr. Hansen Holding A/S
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. ADAMA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  17. Disclaimer


Mexico Crop Protection Chemicals Market Segmentation Slide