Market Size of Argentina Seed Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 331.40 Million |
| Market Size (2029) | USD 516.66 Million |
| CAGR (2024 - 2029) | 9.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Seed Treatment Market Analysis
The Argentina Seed Treatment Market size is estimated at USD 331.40 million in 2024, and is expected to reach USD 516.66 million by 2029, growing at a CAGR of 9.30% during the forecast period (2024-2029).
The Argentine seed industry offers numerous growth prospects and opportunities in terms of an increase in the demand for genetically modified seeds, higher commodity prices, and the expansion of agricultural land area. As per Ministerio de Agroindustria de la Nación, Argentina stated that the total seed production accounted for USD 1,190 million in 2021 which is higher than the previous year with a 6.2% growth rate. With the increase in seed production, seed treatment is gaining demand to protect them from pests and promote improved crop health. Also, the acceptance of biotech crops such as soybean, maize, cotton, and canola in the country is boosting the usage of seed treatment in the coming years. Argentina has the third largest area of genetically engineered (GE) crops under cultivation in the world. With more than 26 million hectares planted with genetically engineered (GE) soybean, corn, and cotton crops in the year 2021.
Increasing farm size and decreasing crop rotation, coupled with the rising awareness of Bio Agribusiness, are some of the factors contributing to the continuing strength of Brazil in the growing global grain market is the rapid adoption of high-value seeds. With the grain production narrowly focused on maize and soybeans, virtually every seed gets treated, often more than once, before it is planted in the country. At present, 35% of the certified seeds that are marketed are treated professionally (industrial seed treatment) in Argentina. In 2021, two new biotechnologies for the treatment of soybean seeds were launched in the country, namely, Rizoliq Dakar, an inoculant promoting biological fixation of nitrogen, and Rizoderma Soja, a fungal bio controller controlling the diseases present in the seed. Thus, negative affect on crop growth due to slow germination of seed, and soil fertility, the seed treatment applications will boost the growth of the market in the forecast period.
