Latin America garden pesticides market size is expected to reach USD 0.65 billion in 2024 and is anticipated to reach USD 0.86 billion by 2029, growing at a CAGR of 5.89% from 2024 to 2029.
Pesticides are the chemical substances that are used to meant control pests or weeds. Mostly pesticides are used as plant protection products which protect plants from fungi, insects or weeds. Pesticides can be used as defoliant, desiccant, a plant growth regulator, or agent for thinning fruit or preventing the premature fall of fruit. It is also applied to crops before or after harvest to protect the commodity from deterioration during the transport and storage.
Pesticides include Herbicides, Insecticides, Fungicides, and Other Pesticides. Other pesticides include avicide, termiticide, bactericide, antimicrobial, molluscicide, piscicide, rodenticide, predacide, disinfectant, nematicide, insect repellent, animal repellent, fungicide, and sanitizer. Target pests can include plant pathogens, insects, birds, mammals, weeds, mollusks, fish, nematodes, and microbes that destroy property, spread disease, cause nuisance, or are disease vectors.
Healthy growth in household applications, increased awareness of pest-borne diseases, and various problems with aggressive insects such as bed bugs and red imported fire ants are driving the Latin America garden pesticides market. In addition, increase in disposable income, increased availability of less toxic and naturally derived pesticides, technology advancements in the equipment for spraying, increased spending on lawn and garden maintenance, public health and environmental concerns are also driving the growth of the market. However, majority of households already use at least one pesticide product, limited number of professionals and many are aware of potential health hazards associated with pesticides are hampering the growth of the market.
Lawn and garden pesticides have the largest share due to the fact that many communities put a great deal of emphasis on having well-groomed yards that require proper pest management in gardens, lawns, and other outdoor areas. Household applications are growing at a highest rate because of many consumers are motivated by the health concerns posed by household pests such as rodents, mosquitoes, and other insects.
Latin America market region includes countries such as
Remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in this market.
Key players in the Latin America Garden Pesticides Market are Scotts Miracle-Gro, Syngenta AG, Spectrum Brands, Bayer AG, SC Johnson & Son, BASF SE, Sumitomo Chemical, Andersons, DuPont and Monsanto.
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