TMCnet News
Research and Markets: Latin America Agriculture Biologicals Market by Type, Application, Geography - Analysis and Forecast to 2019Research and Markets (http://www.researchandmarkets.com/research/kjzcbl/latin_america) has announced the addition of the "Latin America Agriculture Biologicals Market by Type, Application, Geography - Analysis and Forecast to 2019" report to their offering. The Latin American agricultural biologicals market was valued at $565.27 million in 2014 and is projected to reach $1,178.42 million by 2019, at a CAGR of 15.8% during the forecast period The increased food demand has led to extensive chemical use in agricultural practices, which ensure a rich and qualitative yield. However, along with increased yield, the immense impact of the use of chemicals has become apparent. Due to chemical hazards, consumers as well as governmental bodies are largely emphasizing on chemical-free agricultural pesticides and fertilizers. In this report, the Latin American Agricultural Biologicals market has been broadly discussed by its application, such as cereals & grains, fruits & vegetables, oileeds & pulses, and Rest (Crops). Cereals and grains are a major application market in Latin America. The market has been further segmented by types of biologicals, namely, biopesticides, biostimulants, and biofertilizers. Among types, biopesticides held a major share in the Latin American Agricultural Biologicals market. Brazil is the largest market in Latin America with a market share of 72.47% followed by Argentina. The complex registration systems all over Latin America have curtailed the development of Agricultural biologicals in the region. In Brazil, it currently takes four to five years on an average to register a product, which amounts to a huge expense for developers. There has been no specific process for the registration of biopesticides, which has resulted in slow market penetration. Bayer CropScience AG (Germany) held a major share in Latin America; BASF SE (Germany) with market share of 15.85% comes close behind. Other firms such as Isagro (Italy), Marrone Bio Innovation Inc. (U.S.), and Novozymes A/S (Denmark) are competing for the growing agricultural biologicals market in the region. These companies are engaged in market strategies, such as mergers and acquisitions, joint ventures, new product developments, and expansions to increase their market shares in the Latin American agricultural biologicals market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Agricultural Biologicals Market, By Application 6 Agricultural Biologicals Market, By Type 7 Agricultural Biologicals Market, By Geography 8 Agricultural Biologicals Market: Competitive Landscape 9 Agricultural Biologicals Market, By Company For more information visit http://www.researchandmarkets.com/research/kjzcbl/latin_america
View source version on businesswire.com: http://www.businesswire.com/news/home/20150625005639/en/ |
