Market Size of south america seed treatment Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 4.05 Billion |
|
|
Market Size (2029) | USD 5.05 Billion |
|
Largest Share by Function | Insecticide |
|
|
CAGR (2024 - 2029) | 4.50 % |
|
Largest Share by Country | Brazil |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
South America Seed Treatment Market Analysis
The South America Seed Treatment Market size is estimated at 4.05 billion USD in 2024, and is expected to reach 5.05 billion USD by 2029, growing at a CAGR of 4.50% during the forecast period (2024-2029).
4.05 Billion
Market Size in 2024 (USD)
5.05 Billion
Market Size in 2029 (USD)
2.98 %
CAGR (2017-2023)
4.50 %
CAGR (2024-2029)
Largest Segment by Function
77.39 %
value share, Insecticide, 2023
Insects have the potential to cause significant harm to seeds and seedlings, leading to negative outcomes such as poor stand establishment, limited germination, and yield losses.
Fastest-Grwoing Segment by Function
4.58 %
Projected CAGR, Insecticide, 2024-2029
To mitigate the damage caused by these pests, insecticide seed treatments play a crucial role in preventing the damage and improving the health and vitality of crops.
Largest Segment by Crop Type
47.88 %
value share, Pulses & Oilseeds, 2023
Pulses and oilseeds play a vital role in the agricultural economy of South America by fulfilling the demand for protein-rich foods and edible oils, making them key crops in the region.
Largest Segment by Country
91.44 %
value share, Brazil, 2023
Continuous expansion and diversification of agriculture in Brazil have increased the threat of fungal diseases, which can adversely impact crops, leading to yield losses.
Leading Market Player
9.87 %
market share, Syngenta Group, 2022
Syngenta Group operates research centers and experimental plantations that have been created in collaboration with growers in different habitats and locations across Brazil.
The need to improve productivity and establish healthy seedlings is fueling the growth of the market
- The South American seed treatment industry is experiencing significant growth. The market value increased by 14.7% in 2022 compared to 2017. This growth was driven by growing awareness of the benefits of seed-applied technologies in protecting and establishing healthy seedlings and the need to improve overall productivity.
- Brazil and Argentina are prominent agricultural nations that heavily utilize seed treatments to protect their crops from a range of fungal diseases. The combined market share of seed treatments in Brazil and Argentina is significant, with Brazil accounting for 91.4% and Argentina accounting for around 1.7% of the regional market.
- The insecticide seed treatments held the major share, and their market value is expected to increase significantly by 30.4% between 2023 and 2029 because of the growing recognition of the effectiveness of seed treatments in combatting insect vectors and safeguarding crop productivity.
- Fungicide seed treatment in South America has gained significant importance in recent years due to the prevalence of fungal diseases that affect key crops like soybeans, corn, wheat, and fruits. These diseases, including soybean rust, powdery mildew, and Fusarium head blight, pose a significant risk to crop yields and quality. Consequently, farmers in South America are increasingly relying on fungicide seed treatments to safeguard their crops and reduce yield losses. These factors are expected to increase the market value of the fungicide segment by 27.9% during the forecast period.
- The growing acceptance of seed treatment to enhance crop protection and yield, coupled with the increasing awareness among farmers regarding its advantages, is anticipated to drive the market’s growth in the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
The need to protect seeds and seedlings from early-growth pests and diseases will increase the adoption rate of seed treatment
- The seed treatment market in South America is experiencing significant growth, driven by the increasing awareness among farmers regarding the need to protect seeds and seedlings from early crop diseases and insect pests. The region's major crops, including soybean, maize, wheat, fruits, and vegetables, have embraced seed treatment applications. Notably, the market for seed treatment exhibited impressive growth of 14.7% over the historical period spanning from 2017 to 2022.
- In 2022, Brazil held the dominant position as the largest market in South America, representing 91.4% of the region's market share. The country's remarkable expansion can be attributed to several factors, including the growing need for food security and the escalating utilization of seed treatment products in key crops like soybeans.
- Argentina, the second-largest market in the South American seed treatment industry, experiences challenging environmental conditions such as drought and hot temperatures. These factors drove farmers to adopt seed treatment techniques during the early stages of crop growth. By employing seed treatment methods, farmers can promote faster germination and effectively control soil-borne diseases. This approach proves crucial in mitigating the adverse effects of the country's harsh climate, enabling farmers to enhance crop yields and sustainably maintain agricultural productivity.
- The South American seed treatment market is projected to register a CAGR of 4.4% during the forecast period. This growth can be attributed to the increasing recognition among farmers regarding the immense value offered by seed treatments in safeguarding their crops, enhancing yields, and countering early crop growth challenges posed by infestations.
