Jun. 14, 2018
By Leonardo Gottems, reporter for AgroPages
Arysta intends to launch seven new biopesticides this year in Brazil.
The president of Arysta for Latin America, Fábio Torreta, said the sales of the company in Brazil reached $415 million last year, 61.5% of the total revenue in Latin America, which was $675 million. Sales were expected to increase even more this year. “I believe that the market as a whole will grow around 8% and our sales will be 10% higher than 2017.”
The company expected biopesticides to make up 30% of the sales in Latin America in the future. According to the Brazilian Association of Biological Control Companies, while biopesticides grow between 10% and 12% a year in the world market, in Brazil this number gets to 15%.
“We see a double-digit growth in this line, around 20% of the company’s revenue comes from biological pesticides and 80% from chemical,” said Torreta.
If Arysta’s sales estimates are met, its revenue in Brazil can get to $460 million. This number can increase with the new launches, among them the two new herbicides for soybeans.
“We have three more in the pipeline, for which we will invest $30 million this year. It can take up to 10 years for the registration to be released. We can launch a new product for Asian Rust next year, but the registration will take years,” said Torreta.