Market Size of mexico seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.75 Billion |
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Market Size (2030) | USD 2.35 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.06 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mexico Seed Market Analysis
The Mexico Seed Market size is estimated at 1.75 billion USD in 2024, and is expected to reach 2.35 billion USD by 2030, growing at a CAGR of 5.06% during the forecast period (2024-2030).
1.75 Billion
Market Size in 2024 (USD)
2.35 Billion
Market Size in 2030 (USD)
6.90 %
CAGR (2017-2023)
5.06 %
CAGR (2024-2030)
Largest Market by Crop Family
60.84 %
value share, Grains & Cereals, 2023
In Mexico, corn is the major grain crop and the majority of the area is under transgenic hybrids and wheat is the staple food crop with the adoption of improved cultivars.
Largest Market by Breeding Technology
76.83 %
value share, Hybrids, 2023
It is due to the higher adoption of transgenic hybrids in corn, cotton, alfalfa, and soybean and the availability of high-yielding non-transgenic hybrids in other crops.
Fastest-growing Market by Crop Family
6.24 %
Projected CAGR, Solanaceae, 2024-2030
Mexico is one of the major producers of tomatoes and chilies. It is home to many tomato cultivars and uses protective structures to produce year-round yields.
Fastest-growing Market by Breeding Technology
5.34 %
Projected CAGR, Hybrids, 2024-2030
Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.
Leading Market Player
34.82 %
market share, Bayer AG, 2022
It has a wider portfolio, which has high-performance varieties that are suitable for local conditions. It also introduced multiple traits varieties in recent times in the country.
Mexico's seed market is evolving with a strong focus on both hybrid and open-pollinated varieties (OPV) seeds
- Mexico's seed market is evolving with a strong focus on both hybrid and open-pollinated varieties (OPV) seeds. Hybrid seeds dominated the Mexican seed market with 83.0% in 2022. The domination of hybrids is mainly attributed to their wider adaptable nature and resistance to a variety of diseases.
- The ban on transgenic hybrids or GM crops in Mexico by 2024 has negatively influenced the growth of transgenic hybrids in the country, especially GM Corn, which is mostly used in the cultivation of corn. It is expected to be replaced by sustainable and appropriate alternatives by 2024. Moreover, cotton production in the country is mainly dependent on transgenic herbicide-tolerant seeds, and the demand is anticipated to shift to non-transgenic cotton hybrid seeds during the forecast period.
- The OPV seeds accounted for about 17.0% of the market in 2022. The OPV seeds are mostly used in the cultivation of row crops such as wheat, millet, cereals, and pulses in the country. Cereals and grain seeds accounted for about 63.0% of the Mexican OPV seed market value in 2022. In vegetable seeds, OPV varieties are less common due to the large availability of high-yielding hybrids. Moreover, the vegetables are more prone to diseases compared to the row crops. Hence, most of the vegetable cultivation is under hybrid seeds.
- Wheat is a major crop cultivated under OPV varieties, and 95.2% of the commercial wheat seeds cultivated in the country were open-pollinated varieties in 2022. The wheat hybrid varieties are not popular due to challenges in the development of hybrids.
- The ban on transgenic or GM seeds in the country by 2024 is the major factor that is anticipated to increase demand for non-transgenic hybrids and OPV varieties during the forecast period.
Understand The Key Trends Shaping This Market
