Brazil has the largest share in corn/maize seed treatment market in South America. The market for corn/maize seed treatment in South America is estimated to register a CAGR of 10.4% during the forecast period (2018 – 2023). The high value of the genetically modified corn seed is a major driving factor for the corn seed treatment market growth. Increasing attack of fungal diseases, insects, and nematodes on seedlings in the region is the major reason for the use of seed treatment chemicals on corn.
Production of corn is increasing rapidly in the region due to the rise in demand for ethanol production. South America is the largest producer and consumer of bio-fuel in the world as renewable energy policies in the region continue to evolve. Brazil, Argentina, and Paraguay are the leading countries of South America in ethanol production. Therefore, an increased number of corn seeds are getting treated to ensure an adequate supply of the crop.
Brazil is the largest market for corn/maize seed treatment market in the South American region. The Brazilian government lays great emphasis on seed treatment, as the process plays a significant role in improving crop performance by enhancing yields. Presently 100% of the hybrid corn seeds are treated with fungicides. Seed rot, blights, and root rots caused are some of the major soil-borne fungal diseases in the region. In recent years, white mold has become a serious problem in the region and seed treatment plays an important role in reducing the risk of disease transmission as well as protecting the seed vigor and seedlings.
Major Players: Advanced Biological Marketing Inc, Bayer Cropscience AG, Dupont, and Syngenta, among others.
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Looking to Customize Report?