Market Size of Brazil Seed Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 541.81 Billion |
Market Size (2029) | USD 837.48 Billion |
CAGR (2024 - 2029) | 9.10 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Brazil Seed Treatment Market Analysis
The Brazil Seed Treatment Market size is estimated at USD 541.81 billion in 2024, and is expected to reach USD 837.48 billion by 2029, growing at a CAGR of 9.10% during the forecast period (2024-2029).
The major driving factors for the market are the increasing adoption rate of genetically engineered seeds in the country and the rising production level of quality soybean for domestic consumption (human and livestock) and the export market. These factors boosted the seed treatment market in Brazil in the past few years.
The market share analysis of the study concluded that the market was consolidated with a few international players occupying a major portion of the market through a diverse product portfolio. Some of the major players in the Brazilian seed treatment industry include Syngenta, Bayer CropScience, BASF SE, Corteva Agriscience, Advanced Biological Marketing, and Nufarm Limited, among others.