The professional pest control market in Argentina is expected to grow due to increasing consumer demand, urbanization, pest resistance, and rising temperatures. The market is segmented into insecticides, rodenticides, and termiticides, with insecticides being the largest segment. With companies such as Chemotecnica, Gleba, and Envu leading the industry, the market is highly competitive. The most prevalent pests in Argentina include cockroaches, rodents, and ants.
While there are opportunities for growth, economic conditions and potential obstacles such as inflation and recession could impact the market. Syngenta’s exit from the market in 2015 and its decision to halt product imports in 2021 highlight the challenges faced by multinational companies. Argentina has encountered economic obstacles including high inflation rates and public debt, due to which the government implemented reforms to stabilize the economy. The COVID-19 pandemic has also had economic implications. The recent election of Javier Gerardo Milei as President brings hope for positive developments in the agriculture sector and potential improvements in the business environment.
Market optimism followed the election, with a 14% surge in the stock market and YPF state oil company’s shares rising over 34%. The agricultural sector, a vital component of Argentina’s economy, anticipates positive changes under Milei’s administration, expecting policy reforms to boost production and exports. Despite economic hardships impacting the professional pest control industry, the election brings hope for potential improvements in the overall business environment. Vigilance and adaptability will be crucial for stakeholders navigating the evolving landscape of Argentina’s professional pest control market.
Kline recently published a report based on primary research conducted in this market including market estimates and segmentation for 2023. Kline’s Professional Pest Management Argentina study provides market insights; sales by pest, supplier, brand, active ingredient, and product form; and five-year sales forecasts. For more information, please contact us.
