Mexico Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Seed Treatment Market Analysis
- The Mexican seed treatment market is projected to register a CAGR of 5.1% during the forecast period, 2020-2025. Only limited treated seeds can be produced, as the shelf-life of chemically treated seeds is limited.
- Seeds, like soybean and wheat, have severe limitations of using seed treatment through chemical, as the seed germination and vigor decline are relatively quicker in these seeds. Hence, using seed treatment through chemical is a severe limitation on a large number of seeds.
Mexico Seed Treatment Market Trends
This section covers the major market trends shaping the Mexico Seed Treatment Market according to our research experts:
Increase in Cost of High-quality Seeds
The cost of seeds is expected to increase, owing to the increasing demand for high-quality seeds with desirable agronomic traits. Both companies and farmers are ready to spend on seed treatment solutions to save high-quality seeds. According to the USDA estimates, 2017, corn seeds cost about 300% since 1995, while the yield grew by only 35%. Farmers are trying to cut down operating costs by selecting seeds that do not require multiple doses of chemicals. The initial protection of these engineered seeds is ensured by using seed treatment products. In the past seven years, the seed's portion of total operating costs for corn increased from about 28% to 32%. Even though there was a drop in operating costs of corn between 2015-2016, the seed cost share of corn increased by 2%. The operating costs of soybean seeds decreased from 45% in 2010 to 37% in 2016. This decrease was due to the prevention of seeds with a seed treatment product.
Increasing Usage of Treated Seeds
Mexico is the third-largest market of seed treatment in North America, and it is one of the fastest-growing countries in the region. The demand for seed treatment in Mexico is growing, owing to a large number of factors, such as increasing rates of crop rotation, flexibility in sowing approaches, and changing climatic conditions. Syngenta, Bayer CropScience, and BASF are some of the significant seed treatment companies in Mexico, and they are majorly focused on developing new products and eco-friendly products, such as bio seed treatment products.
Mexico Seed Treatment Industry Overview
The Mexican seed treatment market is relatively consolidated. Players in the market are investing heavily in this market to diversify their biological research divisions in the expanding marketplace. The development of bio-based seed treatment products may have a massive potential for expansion during the forecast period, with advantages, like environmental sustainability, lesser regulations for growth, and the launch of new products. The emergence of various agreements, followed by acquisitions, is one of the most adopted strategies of major market players. Recently, Bayer acquired Monsanto; moreover, this acquisition is likely to help both the companies in increasing their market shares in the seed treatment market.
Mexico Seed Treatment Market Leaders
BASF SE
Bayer CropScience
Syngenta AG
Adama
Nufarm
*Disclaimer: Major Players sorted in no particular order
Mexico Seed Treatment Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Chemical Origin
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5.1.1 Synthetic
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5.1.2 Biological
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5.2 Product Type
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5.2.1 Insecticides
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5.2.2 Fungicides
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5.2.3 Other Product Types
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5.3 Application
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5.3.1 Commercial
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5.3.2 Farm-level
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5.4 Application Technique
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5.4.1 Seed Coating
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5.4.2 Seed Pelleting
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5.4.3 Seed Dressing
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5.4.4 Other Application Techniques
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5.5 Crop Type
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5.5.1 Grains and Cereals
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5.5.2 Oilseeds
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5.5.3 Vegetables
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5.5.4 Other Crop Types
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Syngenta International AG
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6.3.2 Bayer CropScience AG
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6.3.3 BASF SE
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6.3.4 Corteva Agriscience
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6.3.5 Adama Agricultural Solutions Ltd
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6.3.6 Germains Seed Technology
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6.3.7 UPL Limited
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6.3.8 Incotec Group BV
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6.3.9 Valent Biosciences Corporation
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Seed Treatment Industry Segmentation
Seed treatment is the process of treating seeds with chemicals and non-chemical methods before plantation. The seed treatment market is witnessing tremendous growth, as well as the competition from biobased treated seeds, owing to factors, such as high prices of the seeds, increasing demand for food grains, and rising rates of crop rotation. More farmers use to sow seeds treated with both fungicide and insecticide products, and trends show the share of complex fungo-insecticide products is growing.
| Chemical Origin | |
| Synthetic | |
| Biological |
| Product Type | |
| Insecticides | |
| Fungicides | |
| Other Product Types |
| Application | |
| Commercial | |
| Farm-level |
| Application Technique | |
| Seed Coating | |
| Seed Pelleting | |
| Seed Dressing | |
| Other Application Techniques |
| Crop Type | |
| Grains and Cereals | |
| Oilseeds | |
| Vegetables | |
| Other Crop Types |
Mexico Seed Treatment Market Research FAQs
What is the current Mexico Seed Treatment Market size?
The Mexico Seed Treatment Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Mexico Seed Treatment Market?
BASF SE, Bayer CropScience, Syngenta AG, Adama and Nufarm are the major companies operating in the Mexico Seed Treatment Market.
What years does this Mexico Seed Treatment Market cover?
The report covers the Mexico Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Seed Treatment Industry Report
Statistics for the 2024 Mexico Seed Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Seed Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
