Brazil Agrochemical Tank Market Report and Forecast 2024-2032

Brazil Agrochemical Tank Market Size

The Brazil agrochemical tank market is projected to grow at a CAGR of 4.18% between 2024 and 2032.

Brazil Agrochemical Tank Market Outlook

• As of 2024, Brazil is the biggest pesticide importer in the world, creating a lucrative demand for agrochemical tanks.

• There are more than 3000 registered agrochemicals in the country, maintaining a steady demand for safe and sturdy storage solutions.

• As per the industry reports, the production of grains in Brazil witnessed a growth of around 16 per cent in 2023, which boosts the demand for agrochemicals for increasing crop yield and tanks for their storage.

Brazil Agrochemical Tank Market Growth

The expansion of the agricultural sector in Brazil, the tropical climate of the country making it a breeding ground for a wide number of pests and diseases, and innovations in agrochemical tank designs are some of the prominent market drivers.

Brazil has established itself as one of the leading producers of agricultural crops such as soybean and corn, which fuels the demand for agrochemicals and its tanks to aid crop production and minimise pest infestation. Brazil also constitutes a large area of agricultural land which necessitates the requirement for a high volume of agrochemicals and consequently agrochemical tanks in the country.

Advancements in tank material such as the usage of corrosion-resistance material to enhance the durability and functionality of storage tanks are a prominent trend in the market. Furthermore, stringent government regulations to ensure proper handling of pesticides and fungicides boost the demand for specialised tanks that can store agrochemicals safely by reducing the risk of spills and leakage.

Brazil Agrochemical Tank Industry Segmentation

“Brazil Agrochemical Tank Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Size

• 200-500 Litres

• 501-1000 Litres

• 1001-15000 Litres

• 15001-30000 Litres

• Greater than 30000 Litres

Market Breakup by Application

• Water Storage

• Fertilizer Storage

• Chemical Storage

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Agrochemical Tank Market Share

Based on application, the market is divided into water storage, fertilizer storage, and chemical storage. Water storage accounts for a significant market share due to the rising demand for effective water management and storage solutions in the agriculture sector. This is supported by factors like population growth, urbanisation, and the need for clean and secure water storage. Additionally, the emphasis on water conservation and management in the country has contributed to the growing demand for water storage tanks.

Leading Companies in the Brazil Agrochemical Tank Market

The market participants are developing sustainable agrochemical tanks that comply with environmental standards.

• Rotoplasbrasil Indústria e Comércio de Plásticos Ltda.

• Fortlev Indústria e Comércio de Plásticos LTDA

• Tigre S/A

• Rotto Brasil

• Tecnotri Indústria de Plásticos SA

• Others

Key Highlights of the Report