Mexico Agrochemicals Market Share, Trends, Revenue, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033


Mexico Agrochemicals Market Share, Trends, Revenue, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Agriculture

 Published: Dec-2023
 Author: SPER Analyst

Mexico Crop Protection Chemicals Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 4.54%. 

Pesticides, also known as herbicides, insecticides, fungicides, nematicides, rodenticides, and more are chemicals used to protect crops. To protect crops from weeds, pests, diseases, and other potential dangers, these substances, either alone or in combination, are sprayed on the crops. Agricultural output quality is preserved and higher yields are ensured by using these chemicals to safeguard crop health and productivity. Crop protection chemicals are widely utilized in contemporary Mexican agriculture to reduce the detrimental effects of pests and diseases and to increase crop yield.

Mexico Crop Protection Chemicals Market Driving Factors and Challenges

Drivers: The Mexican government helps and incentivizes farmers to increase agricultural output, frequently through the application of pesticides. In order to meet the demand for cash crops like coffee, soybean oil, cocoa, and so on from around the world, the government made investments that increased crop production overall, thereby focusing on increasing agricultural productivity. As a result, farmers are adopting the use of crop chemicals—herbicides, insecticides, and the like—to maximize crop growth, boost productivity, and satisfy export demands worldwide.

Moreover, Farmers can also supply crops with micronutrients, growth promoters, and essential nutrients due to the use of crop protection chemicals, which increases crop quality and yields. The demand for crop protection chemicals has been greatly impacted by this, propelling the nation's market expansion. It is also expected that the need for crop chemicals in agricultural practices throughout the region will increase due to the growth of organic farmland and the rising demand for biochemical.  

Challenge: The absence of facilities to manufacture crop protection chemicals has made Mexico largely reliant on crop chemical imports. This dependence is an obstacle to the crop chemicals market's national expansion. Adding to the complexity is the fact that Mexico imports most of its crop protection from North America, Europe, and other regions.

But the conflict between Russia and Ukraine, as well as trade restrictions related to COVID-19, have recently disrupted supply chains, leading to a major shortage of crop protection chemicals and driving up prices in the country. This disturbance has limited the market's overall growth and affected crop protection chemical sales.

Impact of COVID-19 on Mexico Crop Protection Chemicals Market 
Dietary and purchasing habits of consumers have changed as a result of the pandemic. Demand for some crops increased, such as vegetables and staple foods, while it decreased for luxury or non-essential crops. This modification affected the types and quantities of crop protection chemicals needed. Consequently, it is anticipated that the decrease in COVID-19 cases and the implementation of new initiatives by public and private organizations will fuel the industry's expansion in the years to come for crop protection chemicals.

Mexico Crop Protection Chemicals Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BASF, Unified AG Solutions, Bayer AG, UPL Limited, Syngenta AG, Nufarm Limited, FMC Corporation, Corteva, Chr. Hansen Holding A/S, ADAMA.

Mexico Crop Protection Chemicals Market Segmentation:

By Type: Based on the Type, Mexico Crop Protection Chemicals Market is segmented as; Fungicides, Herbicides, Insecticides, Nematicide, Others.

By Origin: Based on the Origin, Mexico Crop Protection Chemicals Market is segmented as; Bio-based, Synthetic.

By Form: Based on the Form, Mexico Crop Protection Chemicals Market is segmented as; Liquid, Solid.

By Crop Type: Based on the Crop Type, Mexico Crop Protection Chemicals Market is segmented as; Cereals & Grains, Oil Seed & Pulses, Vegetable & Fruits.

By Application: Based on the Application, Mexico Crop Protection Chemicals Market is segmented as; Foliar Spray, Post-Harvest Treatment, Seed Treatment, Soil Treatment.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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