The South America wheat seed treatment market was estimated at USD 22.3 million in 2017 and is expected to reach USD 39.2 million by the year 2023, registering a robust CAGR of 10% during the forecast period (2018 – 2023).
The South American wheat seeds are most widely affected by aphids which cause stunting in the crops and inhibit root formation. A 17 – 30% reduction in yield has been observed in wheat crops due to aphid infestation. Wild oat and Italian ryegrass are the major weeds which affect wheat crops in South America.
Wheat Production Expected to Increase in Argentina
In 2016, the Argentine president, Mr. Mauricio Macri, abolished export taxes and beurocratic export permits on corn and wheat. This move has led to an increase in production of both wheat and corn, and it is expected that the production will double very soon owing to the lease in trade. Argentina is one of the largest producers of wheat in South America and the new trade law is expected to increase the wheat production as well as the demand for seed treatments, as companies are constantly looking to expand their market with acquisitions and new product launches in Argentina and in other South American countries.
Wheat Diseases the Major Problem in “Mercosur”
Brazil, Argentina, Paraguay, and Uruguay, also known as “Mercosur”, account for 98% of the South American wheat produce. Wheat production losses in these countries mostly occur due to crop-based diseases, like leaf rusts, powdery mildew, and fungal leaf blights. These diseases lead to yield losses on the higher side of 50% and, in-turn, affect the overall production.
Major Players: BASF SE, Bayer CropScience AG, Bioworks Inc, DowDupont, Sumitomo Chemicals, Monsanto Company, Nufarm Ltd, Arysta LifeScience, Chemtura (Lanxess), and Syngenta International AG, among others.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the South American wheat seed treatment market and their growth trends during the forecast period
- The report outlines drivers, restraints, and trends that are currently affecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights about the competitors’ overview and their company share analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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