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Seed Market in Colombia: Analysis of Seed for Sowing by Major Crops, Production, Trade, Growth, Trends and Forecasts (2020 - 2025)

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Market Insights:

The seed industry in Colombia is growing very fast. According to the representatives of the Instituto Colombiano Agropecuaris (ICA), 85% of the certified seed in Colombia are produced by domestic companies, and only 15% of them come from other countries. Even in the case of rice, 100% of the certified seeds are of domestic in origin. However, small farmers have severe limitations on the access and usage of quality seeds, due to their high costs, and hence, often turn to other sources of seeds, like the informal seed sector. Both the formal and informal seed production systems coexist in the country, and the farmers are choosing between the sectors according to their needs and depending on the crop. According to the International Food Policy Research Institute (IFPRI), Colombia is one of the countries that have the highest concentration of global seed companies, like Bejo, DuPont Pioneer, and East-West Seed.

Market Dynamics:

Increasing demand for food and seed represents incredible growth opportunities and complex challenges for the seed companies in Colombia. Recent trends suggest that the public sector’s role may not be as significant in the future. There is much optimism about the private sector’s capacity to deliver new technologies, even though current levels of private investment in research in Colombia remain low. As of 2015, the agricultural biotechnology sector has grown exponentially, with genetically modified corn and cotton among the top crops produced. According to the Colombian Agriculture Institute, the production of genetically modified corn has grown from around 7,000 ha. to close to 90,000 ha. between 2007 and 2015, exhibiting a CAGR of 37.61%. Colombia has also approved GM seeds for certain plants, mainly limited to corn, cotton, and flowers. The government has set its sights on increasing GM crop cultivation by several times, with targets for GM corn set at 790,000 ha. by the end of 2020, in order to reduce imports by 50% within the stipulated period. Typically, the private seed sector supplies seed for cross-pollinated cash and food crops, like corn, vegetables, and cotton, providing a fair share of the seed needed for the total area planted.

Segmentation:

The market studied  is segmented by type of product into grains and cereals, pulses, vegetables, oilseeds, and cash crops. These are further sub-segmented into corn, rice, sorghum, oat, tomato, potato, watermelon, soybean, lentil, sugarcane, cotton, and sugar beet, along with their domestic production overview, trade analysis, and market sizes.

Trade Analysis:

The top export destinations for Colombia are the United States, Panama, the Netherlands, Ecuador, and Spain, whereas the top import origins are the United States, China, Mexico, Brazil, and Germany. Colombia is involved both in the import and export of corn seed. In 2016, the import and export values for cord seed were at USD 21.9 million and USD 13.6 million respectively. With  government initiatives and supports, corn seed export value has witnessed a CAGR of 12.13% during the past five years. The country is trying to reduce the import volume of corn seeds by half by the end of the current decade. So, it is expected that Colombia will exhibit more CAGR in corn seed export during the forecast period. Other than corn, the country imports seeds of oat, sorghum, soybean, and sugar beet, and the import values for these seeds in 2016 were USD 0.4 million, USD 67.4 thousand, USD 11.6 thousand, and USD 0.4 million respectively. The import values of oat and sugar beet seeds have exhibited CAGRs of 22.74% and 13.84% respectively during the past five years. The country is expected to witness a lower CAGR in the same during the forecast period, as the Colombian government is encouraging the private sector to meet the domestic seed demand.

Recent Industry Insights:

  • Top Seeds 2010 was acquired by Mitsui & Co. Ltd on May 1, 2017.  As of now, Top Seeds 2010 is officially conducting its business as Top Seeds International.
  • On September 01, 2017, Dow DuPont Inc. announced the successful completion of the merger of equals between The Dow Chemical Company (Dow) and E.I. du Pont de Nemours & Company (DuPont), effective from August 31, 2017.

Key Deliverables in the Study:

  • Robust and transparent market research methodology, which delivers an in-depth assessment of the present situation and predicts the growth of the Colombian seed market.
  • The report contains an extensively researched competitive landscape section, with profiles of major seed companies and their market shares, along with an analysis of their current interests, financial information, and strategies adopted by them to sustain and grow in the market.
  • The study analyzes the major import & export and the importing and exporting partners in the industry.
  • Identification of macro- and micro-factors, along with PESTLE and Porter’s five forces analyses, with respect to the Colombian seed market.

The Report Holds Importance for the Following Stakeholders:

  • Producers and Suppliers
  • Traders and Enterprises Operating in the Industry
  • Investors/Research Institutions Interested in the Market
  • Seed Traders and Investors

Customization Options:

  • Value Chain Analysis
  • Government Policies and Regulations
  • Major Company profiles
  • Import and export of major Agronomic Seeds
  • Trade Analysis of Commercial Seeds

1. Introduction

                1.1 Market Definition

                1.2 Key Findings of the Study

2. Research Scope and Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Methodology

                2.4 Research Phases

3. Policies and Regulatory Environment

                3.1 Analysis of Government Policies and Policy Regulations

                3.2 Analysis of Intellectual Policies and Trade Regulations

4. Market Dynamics

                4.1 Drivers

                                4.1.1 US-Colombia Trade Promotion Agreement

                                4.1.2 Government Policy-Colombian Planting Plan

                                4.1.3 Standardization of Technologies in Agriculture

                                4.1.4 Laws Preventing Breeders Rights

                                4.1.5 Increase in FDI

                4.2 Restraint

                                4.2.1 Poor Logistics

                                4.2.2 Frequent Effects of Severe Drought

                                4.2.3 Inefficient Farmers Seed Network

                4.3 Porter's Five Forces Analysis

                                4.3.1 Bargaining Power of Supplier

                                4.3.2 Bargaining Power of Buyers

                                4.3.3 Threat of New Entrants

                                4.3.4 Threat of Substitute Products and Services

                                4.3.5 Degree of Competition

5. Market Segmentation

                5.1 By Crop Type

                                5.1.1 Grain & Cereal

                                                5.1.1.1 Rice

                                                5.1.1.2 Maize

                                                5.1.1.3 Others

                                5.1.2 Oil Seed

                                                5.1.2.1 Soybeans

                                                5.1.2.2 Beans, Dry

                                                5.1.2.3 Seed Cotton

                                                5.1.2.4 Others

                                5.1.3 Vegetable Seed

                                                5.1.3.1 Onion

                                                5.1.3.2 Tomato

                                                5.1.3.3 Others

                                5.1.4 Others

6. Competitive Landscape

                6.1 Most Adopted Strategies

                6.2 Most Active Companies

                6.3 Market Share Analysis

7. Company Profiles

                7.1 Companies Having Direct Presence

                                7.1.1 Columbia Seeds

                                7.1.2 Hazera Seeds

                                7.1.3 McGregor

                                7.1.4 Syngenta

                                7.1.5 DuPont

                                7.1.6 Bayer Crop Science

                                7.1.7 Sakata Seeds

                                7.1.8 Eurosemillas

                                7.1.9 Monsanto

                                7.1.10 Dupont Pioneer

                                7.1.11 Semillano

                                7.1.12 Organización Pajonales

                                7.1.13 Cultivos y Semillas el Aceituno

                                7.1.14 Semillas Valle

                7.2 Companies Presence Through Distributor

                                7.2.1 Vilmorin

                                7.2.2 Unigen Seeds

                                7.2.3 Rijk Zwaan

                                7.2.4 US Agriseeds

                                7.2.5 Top Seeds

8. Future Outlook of the Market

9. Appendix        

                9.1 Abbreviation

                9.2 Table of Figures       

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