The Mexico seed treatment market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of 5.1% during 2023–2031.The growth of the market is attributed to the increasing awareness among the farming community and growing demand for food grains.
Seed treatment can be defined as a process of protecting plant seeds from seed-borne diseases and pests. The seed treatment procedure includes use of chemical, biological, and physical agents and techniques which are applied in during the growth of crops and plants to provide protection and improve the formation of healthy crops. These processes are integrated to optimize the production and enhance the plants genetics to withstand disease and pest. Applying the treatment directly to the seed is significantly more effective and efficient, protection can be applied during the growth of the crop or added to the seed.
Market Trends, Drivers, Restraints, and Opportunities
Growing awareness among the farmers for protection of their crops to optimize production and increasing economic growth in the country are anticipated to drive the market expansion during the forecast period.
Rapid growth of the farming industry, various government initiatives pushing for exporting of crops, increasing population due to robust infrastructural and economic development in the recent years are the factors spurring the market growth in the coming years.
Limited shelf life of treated seeds and harmful effects towards the surrounding environment such as soil erosion and ground water pollution are expected to hinder the market expansion in the coming years.
High cost of products, lack of awareness various parts of the country, and implementation of old farming techniques are major challenges that can hamper the market growth during the forecast period.
R&D investment, biological, chemical advancements, and various government policies implementing the use of seed treatment for better production of crops are expected to create significant opportunities for the market players.
Scope of the Report
The report on the Mexico seed treatment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Mexico Seed Treatment Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Chemical Origins (Synthetic Chemicals and Biological Chemicals), Product Types (Insecticides, Fungicides, and Others), Applications (Commercial and Farm-level), Techniques (Seed Coating, Seed Pelleting, Seed Dressing, and Others), Crop Types (Grains and Cereals, Oilseeds, Vegetables, and Others)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
BASF SE, Bayer CropScience, Syngenta AG, Adama, Nufarm
Mexico Seed Treatment Market Segment Insights
Synthetic Chemicals Segment is expected to expand at a rapid rate
Based on chemical origin, the Mexico seed treatment market is bifurcated into synthetic chemicals and biological chemicals. The synthetic chemicals segment is expected to expand at a rapid rate in the coming years owing to its effectiveness, availability, cost, and easy application techniques. According to International Seed Federation (ISF) it is recommended that seed treatment is carried out with one or more pesticides due to its effectiveness both in terms of cost and quality.
Insecticide’s segment is anticipated to grow at a substantial CAGR
In terms of product types, the Mexico seed treatment market is segregated into insecticides, fungicides, and others. The insecticides segment is anticipated to grow at a substantial CAGR. The segment growth is attributed to increasing pest invasions observed in the recent years and growing demand for professional pest management products. Insecticides are used to control various types of pests by killing and preventing them from infecting the crops and plants.
Farming segment is projected to represent major market share
On the basis of applications, the Mexico seed treatment market is divided into commercial and farm-level. The farm level segment is projected to represent major market share owing to increasing agricultural activities, growing demand for improved crop-yield, and rising investments in farming sector.
Seed dressing segment is expected to register significant growth rate
Based on techniques, the Mexico seed treatment market is segmented into seed coating, seed pelleting, seed dressing, and others. The seed dressing segment is expected to register significant growth rate. Seed dressing helps control diseases like bunt, Fusarium, Septoria, and loose smut that are transmitted by seeds. To prevent disease growth, they are occasionally applied to stored seeds, which would impair the ability of the seed to germinate or the ability of the seedling to grow normally.
Grains and Cereals segment to constitute large market share
In terms of crop types, the Mexico seed treatment market is segregated into grains and cereals, oilseeds, vegetables, and others. The grains and cereals segment to account for major market share during the forecast period owing to increasing consumption and growing demand from various export markets. Mexico is considered to be high quality producer grains and cereals which is considered as staple food in most of the countries world-wide which is expected to push the market demand during the forecast period.
- Synthetic Chemicals
- Biological Chemicals
- Seed Coating
- Seed Pelleting
- Seed Dressing
- Grains and Cereals
- BASF SE
- Bayer CropScience
- Syngenta AG
- Adama, Nufarm
Key players competing in the Mexico seed treatment market include BASF SE, Bayer CropScience, Syngenta AG, Adama, Nufarm. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.