South & Central America Mancozeb Market

The South & Central America mancozeb market is expected to grow from US$ 166.44 million in 2022 to US$ 227.39 million by 2030. It is estimated to record a CAGR of 4.0% from 2022 to 2030.

Rising Demand for Mancozeb in Emerging Economies Fuels South & Central America Mancozeb Market

Mancozeb is a broad-spectrum fungicide used to control a wide range of fungal diseases in various crops, including fruits & vegetables, nuts, and field crops. It is a relatively inexpensive and effective fungicide. The increasing population and urbanization in emerging economies have led to a surge in agriculture and food production. Mancozeb is a widely used fungicide and crop protection chemical that helps safeguard crops from fungal diseases. As emerging economies aim to enhance their agricultural output to meet the growing food demands of their populations, the demand for mancozeb has risen in tandem. Emerging economies are witnessing a shift toward more intensive and commercialized farming practices. As farmers in these regions adopt modern agricultural techniques, there is a greater reliance on agrochemicals such as mancozeb to ensure the health and quality of crops. This transition to modern farming practices is expected to drive the mancozeb market in emerging countries. In addition, export-driven agriculture in emerging countries focuses on maximizing crop yields to fulfill international orders efficiently. Mancozeb plays a crucial role in this context by protecting crops against fungal pathogens. The United States Department of Agriculture (USDA) estimates that Brazil's agricultural exports, including processed products, have grown by an average of 9.4% annually from 2000 to 2021, accounting for 37% of Brazil's total exports. Brazil exports major agricultural commodities and food products to 222 countries and territories across the globe and is the world's third-largest exporter of agricultural products, following the European Union (EU) and the US. This dependence on increased productivity drives the demand for mancozeb as farmers seek to enhance their agricultural output and economic gains. Consumers are demanding more diversified and nutritious diets owing to rising incomes in emerging economies. This is leading to increased production of high-value crops, such as fruits & vegetables, which are more susceptible to fungal diseases. Many emerging economies have limited access to more expensive fungicides. Mancozeb is a relatively inexpensive fungicide, which makes it an attractive option for farmers in these countries. Thus, all the factors mentioned above are expected to bolster the mancozeb market during the forecast period.

South & Central America Mancozeb Market Overview

The mancozeb market in South & Central America is prominent due to growing awareness about crop protection chemicals among farmers, government subsidies, increasing population, and rising food demand. Surging demand for excellent agricultural products and increasing need for high productivity and yield are expected to boost the use of mancozeb in South & Central America, especially in China, Japan, and India. With the increasing agriculture sector, these South & Central America countries determine a high product consumption rate. According to the Asian Development Bank, rising incomes and urbanization are transforming food consumption. Policies introduced by many international, multilateral, and bilateral organizations on regulating pesticide distribution and promoting integrated pest management (IPM) have supported the efforts of governments in the region. The development of the Food and Agriculture Organization's (FAO's) International Code of Conduct on the distribution and use of pesticides has dramatically helped with the process of pest management.

The growing fruits & vegetables industry has propelled the demand for mancozeb in South & Central America. India, China, and Japan are among the top fruit and vegetable-producing countries in South & Central America. According to the Ministry of Agriculture & Farmers Welfare, in 2021, India was the second-largest horticulture producer after China, producing ~12% of the global fruit and vegetable production. This increased production of fruits and vegetables in South & Central America is projected to boost the demand for mancozeb in the coming years.

South & Central America Mancozeb Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Mancozeb Market Segmentation

The South & Central America mancozeb market is segmented into form, mode of application, crop type, and country.

Based on form, the South & Central America mancozeb market is bifurcated into dry and liquid. The dry segment held a larger share of the South & Central America mancozeb market in 2022.

In terms of mode of application, the South & Central America mancozeb market is segmented into foliar spray, soil treatment, and seed treatment. The foliar spray segment held the largest share of the South & Central America mancozeb market in 2022.

Based on crop type, the South & Central America mancozeb market is segmented into fruits & vegetables, cereals & pulses, oilseeds & pulses, turf & ornamentals, and others. The fruits & vegetables segment held the largest share of the South & Central America mancozeb market in 2022.

By country, the South & Central America mancozeb market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America mancozeb market in 2022.

Hebei Enge Biotech Co Ltd, Ningbo Generic Chemical Co Ltd, Natursim Science Co Ltd, UPL Ltd, Coromandel International Ltd, Zhejiang Rayfull Chemicals Co Ltd, Indofil Industries Ltd, Sumitomo Chemical Co Ltd, and Corteva Inc are some of the leading companies operating in the South & Central America mancozeb market.

South & Central America Mancozeb Strategic Insights

Strategic insights for the South & Central America Mancozeb provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South & Central America Mancozeb Report Scope

South & Central America Mancozeb Regional Insights

The geographic scope of the South & Central America Mancozeb refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.