Argentina Seed Treatment Market - Growth, Trends and Forecasts (2020 - 2025)

In Argentina, the cultivation of soybean and corn has experienced significant growth in the past few years. Being one of the major soybean producers, the adoption of seed treatment for soybean and corn was very high. In fact, seed treatment with fungicides has been practiced as one of the inexpensive methods to control seed and soil-borne pathogens in the country. The usage of fungicide-treated seed has increased drastically in the last few years. According to the Food and Agriculture Organization, the area harvested for Corn has increased from 6.5 million hectares in 2017 to 7.1 million hectares in 2018 whereas the area harvested for soybean has declined from 17.3 million hectares in 2017 to 16.3 million hectares in 2018. Hence the farmers in the region has to use the treated soybean seeds in order to meet the increasing domestic as well as internatinal demand. Hence the fluctuating area under the cultivation corps along with the production volume in the country is anticipated to increase the use of treated seed in the market studied during the forecast period. 

Seed treatment with fungicides has been practiced as one of the inexpensive methods to control seed and soil born pathogens in the country. The usage of fungicide-treated seed has increased drastically in last few years. According to the research paper released by Universidade Estadual do Norte do Paraná, in 2017, nearly 98% of the seeds of soybean sown in the South America, were treated with fungicides. The production of soybean in the country is significantly decreasing year after year creating a need for the treated seeds to meet the demand in the country. Seed treatment is being increasingly considered by farmers as a mode to protect investments made on good quality seeds, due to a increase in regulatory issues relating to fumigation, as well as foliar application of pesticides. Owing to the fact that most of the GM seeds are costly and are treated with biological and chemical treatments, there is a increase in area under GM crops, which is positively affecting the seed treatment market growth. Hence the decreasing cultivation of soybean in the country is anticipated to increse the demand for treated soybean seeds in the market.