Latin America Crop Protection Chemicals Market Report 2016-2019 - Leading Vendors are BASF, Bayer, Dow, DuPont, Monsanto, Syngenta & Valent

DUBLIN, January 22, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/2rksjp/crop_protection) has announced the addition of the "Crop Protection Chemicals Market in Latin America 2015-2019" report to their offering. 

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The herbicides segment dominated the market during 2014, with a market share of around 46%. The report predicts the herbicides segment to reach a market value of around USD 8 billion by the end of 2019. The expanding agricultural industry especially in Brazil, Argentina, and Chile, is driving the growth of this segment. 

The crop protection chemicals market in LATAM is dominated by international vendors. The introduction of energy-efficient agricultural technologies in developing countries is spurring the market growth. The competitive environment in this market is expected to intensify further due to an increase in product/service extensions, technological innovations, and mergers. The report anticipates international vendors to grow inorganically by acquiring regional or local vendors during the forecast period. 

Several vendors in the apparel industry in Germany are increasingly adopting cPDM solutions to enhance their SCM functions. The cPDM solution provides better visibility and enables continuous and real-time involvement across various units such as merchandising, design, and product development. It also helps in better sourcing and provides a clear picture of the cost of raw materials, components, and finished products. In addition, collaboration and the integration of systems throughout the extended enterprise help achieving high levels of efficiency and better quality. Lectra, a French company, provides PLM solutions to the apparel industry in Germany.

According to the report, the increase in the demand for product customization has contributed to higher demand for cPDM solutions across industries. Initially, companies used to depend on mass production, which leads to cost reductions. However, the trend has changed from mass production to mass customization. Product customization can lead to the creation of a single bill of modules, which are used just once or multiple times. Thus, there is a shift in the creation of bill of modules from product identity to product technicality. A customer-facing product configurator is used for generation of BOM with the order itself. These details are passed through the production units for manufacturing. cPDM solutions thus act as a tool to manage the life cycle of BOM, as well as management of small components of the configurator.

Further, the report states that several SMEs are finding it very difficult to implement cPDM solutions due to their high cost.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth  

• Herbicides
• Insecticides
• Fungicides
• Adjuvants

Cereals and grains accounted for nearly 46% of the overall market during 2014. The rapid change in the diet pattern of people across the world has propelled the growth of this segment. 

The leading vendors in the market are  

• BASF
• Bayer
• Dow
• DuPont
• Monsanto
• Syngenta
• Valent

Other prominent vendors in the market include 

• ADAMA
• Arysta LifeScience
• FMC
• Marrone Bio Innovations
• Novozymes
• Nufarm
• Sumitomo Chemical.

For more information visit http://www.researchandmarkets.com/research/2rksjp/crop_protection

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SOURCE Research and Markets