
Latin America Seed Market Report and Forecast 2025-2034
Description
The Latin America seed market size was valued at USD 6.40 Billion in 2024. The market is further projected to grow at a CAGR of 5.30% between 2025 and 2034, reaching a value of USD 10.73 Billion by 2034.
Soybean and maize are the only two Latin American seed sectors currently worth more than USD 1 billion, with Brazil forming a significant portion of the regional value of these crops. The market is expected to grow due to factors such as higher yield, new technologies, and government initiatives to provide loans at low-interest rates.
Oilseeds, particularly soybeans, dominate the South America row crops seed market due to high export demand from oil processing and food and beverage industries. The area under soybeans is increasing due to increased global demand, availability of arable land, and higher profit margins.
Key trends aiding the Latin America seed market growth including the adoption of genetically modified (GM) seeds, direct sales, agro-dealers and retailers, and e-commerce platforms. GM seeds are the fastest-growing segment in the market due to their enhanced productivity, reduced input costs, and export demand. Direct sales, where seed companies sell products directly to farmers, are also significant. Agro-dealers and retailers play a crucial role in distributing seeds to farmers, offering a wide range of choices and convenience. E-commerce platforms provide farmers with the ability to purchase seeds online, offering convenience, a wide range of products, and product details, reviews, and comparison tools.
Mexico, Brazil, Argentina, and Chile are significant players in the seed market, with Brazil being the largest contributor due to its large agricultural area and significant production of maize and soybeans, which are major exported crops. Argentina is also a significant player in the seed market in Latin America, producing cereal and oilseed crops like soybeans, maize, sunflower, and wheat. Mexico has a diverse agricultural landscape with a wide range of crops like maize, fruits, vegetables, and beans. Chile's seed market consists mainly of vegetable and fruit crops like wine grapes, along with staple crops.
Market Segmentation
Latin America Seed Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Conventional
GMO
Hybrid
Market Breakup by Crop Type
Fruits and Vegetables _x000D_ _x000D_ Brassicas _x000D_ Cucurbits _x000D_ Roots and Bulbs _x000D_ Leafy Vegetables _x000D_ Solanaceae _x000D_ Others _x000D_ _x000D_
Fruits and Vegetables _x000D_ _x000D_ Brassicas _x000D_ Cucurbits _x000D_ Roots and Bulbs _x000D_ Leafy Vegetables _x000D_ Solanaceae _x000D_ Others _x000D_ _x000D_
Oilseeds and Pulses _x000D_
_x000D_ _x000D_ Soyabean _x000D_ Canola/Rapeseeds _x000D_ Sunflower _x000D_ Others _x000D_ _x000D_
Oilseeds and Pulses _x000D_
_x000D_ _x000D_ Soyabean _x000D_ Canola/Rapeseeds _x000D_ Sunflower _x000D_ Others _x000D_ _x000D_
Cereals and Grains _x000D_
_x000D_ _x000D_ Corn _x000D_ Wheat _x000D_ Rice _x000D_ Others _x000D_ _x000D_
Cereals and Grains _x000D_
_x000D_ _x000D_ Corn _x000D_ Wheat _x000D_ Rice _x000D_ Others _x000D_ _x000D_
Others
Market Breakup by Traits
Herbicide-Tolerant
Insecticide-Resistant
Others
Market Breakup by Country
Brazil
Mexico
Argentina
Others
Competitive Landscape
Market players are focusing on improving yield and productivity to cater to the growing demand for food due to the increasing population.
BASF SE
Bayer AG
Corteva Inc.
Syngenta Crop Protection AG
KWS SAAT SE & Co. KGaA
Bejo Zaden B.V.
Rijk Zwaan Zaadteelt en Zaadhandel B.V.
Groupe Limagrain Holding
Sakata Seed Corporation
TAKII & CO., LTD.
PRODUSEM SA
SEEDAR SA
Others
Soybean and maize are the only two Latin American seed sectors currently worth more than USD 1 billion, with Brazil forming a significant portion of the regional value of these crops. The market is expected to grow due to factors such as higher yield, new technologies, and government initiatives to provide loans at low-interest rates.
Oilseeds, particularly soybeans, dominate the South America row crops seed market due to high export demand from oil processing and food and beverage industries. The area under soybeans is increasing due to increased global demand, availability of arable land, and higher profit margins.
Key trends aiding the Latin America seed market growth including the adoption of genetically modified (GM) seeds, direct sales, agro-dealers and retailers, and e-commerce platforms. GM seeds are the fastest-growing segment in the market due to their enhanced productivity, reduced input costs, and export demand. Direct sales, where seed companies sell products directly to farmers, are also significant. Agro-dealers and retailers play a crucial role in distributing seeds to farmers, offering a wide range of choices and convenience. E-commerce platforms provide farmers with the ability to purchase seeds online, offering convenience, a wide range of products, and product details, reviews, and comparison tools.
Mexico, Brazil, Argentina, and Chile are significant players in the seed market, with Brazil being the largest contributor due to its large agricultural area and significant production of maize and soybeans, which are major exported crops. Argentina is also a significant player in the seed market in Latin America, producing cereal and oilseed crops like soybeans, maize, sunflower, and wheat. Mexico has a diverse agricultural landscape with a wide range of crops like maize, fruits, vegetables, and beans. Chile's seed market consists mainly of vegetable and fruit crops like wine grapes, along with staple crops.
Market Segmentation
Latin America Seed Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Conventional
GMO
Hybrid
Market Breakup by Crop Type
Fruits and Vegetables _x000D_ _x000D_ Brassicas _x000D_ Cucurbits _x000D_ Roots and Bulbs _x000D_ Leafy Vegetables _x000D_ Solanaceae _x000D_ Others _x000D_ _x000D_
Fruits and Vegetables _x000D_ _x000D_ Brassicas _x000D_ Cucurbits _x000D_ Roots and Bulbs _x000D_ Leafy Vegetables _x000D_ Solanaceae _x000D_ Others _x000D_ _x000D_
Oilseeds and Pulses _x000D_
_x000D_ _x000D_ Soyabean _x000D_ Canola/Rapeseeds _x000D_ Sunflower _x000D_ Others _x000D_ _x000D_
Oilseeds and Pulses _x000D_
_x000D_ _x000D_ Soyabean _x000D_ Canola/Rapeseeds _x000D_ Sunflower _x000D_ Others _x000D_ _x000D_
Cereals and Grains _x000D_
_x000D_ _x000D_ Corn _x000D_ Wheat _x000D_ Rice _x000D_ Others _x000D_ _x000D_
Cereals and Grains _x000D_
_x000D_ _x000D_ Corn _x000D_ Wheat _x000D_ Rice _x000D_ Others _x000D_ _x000D_
Others
Market Breakup by Traits
Herbicide-Tolerant
Insecticide-Resistant
Others
Market Breakup by Country
Brazil
Mexico
Argentina
Others
Competitive Landscape
Market players are focusing on improving yield and productivity to cater to the growing demand for food due to the increasing population.
BASF SE
Bayer AG
Corteva Inc.
Syngenta Crop Protection AG
KWS SAAT SE & Co. KGaA
Bejo Zaden B.V.
Rijk Zwaan Zaadteelt en Zaadhandel B.V.
Groupe Limagrain Holding
Sakata Seed Corporation
TAKII & CO., LTD.
PRODUSEM SA
SEEDAR SA
Others
Table of Contents
128 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Seed Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Seed Historical Market (2018-2024)
- 5.3 Global Seed Market Forecast (2025-2034)
- 5.4 Global Seed Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America Seed Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America Seed Historical Market (2018-2024)
- 6.3 Latin America Seed Market Forecast (2025-2034)
- 7 Latin America Seed Market by Type
- 7.1 Conventional
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 GMO
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Hybrid
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Latin America Seed Market by Crop Type
- 8.1 Fruits and Vegetables
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.1.3 Breakup by Type
- 8.1.3.1 Brassicas
- 8.1.3.2 Cucurbits
- 8.1.3.3 Roots and Bulbs
- 8.1.3.4 Leafy Vegetables
- 8.1.3.5 Solanaceae
- 8.1.3.6 Others
- 8.2 Oilseeds and Pulses
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.2.3 Breakup by Type
- 8.2.3.1 Soyabean
- 8.2.3.2 Canola/Rapeseeds
- 8.2.3.3 Sunflower
- 8.2.3.4 Others
- 8.3 Cereals and Grains
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.3.3 Breakup by Type
- 8.3.3.1 Corn
- 8.3.3.2 Wheat
- 8.3.3.3 Rice
- 8.3.3.4 Others
- 8.4 Others
- 9 Latin America Seed Market by Traits
- 9.1 Herbicide-Tolerant
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Insecticide-Resistant
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Others
- 10 Latin America Seed Market by Country
- 10.1 Brazil
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Argentina
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 BASF SE
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Bayer AG
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Corteva Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Syngenta Crop Protection AG
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 KWS SAAT SE & Co. KGaA
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Bejo Zaden B.V.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Rijk Zwaan Zaadteelt en Zaadhandel B.V.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Groupe Limagrain Holding
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Sakata Seed Corporation
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 TAKII & CO., LTD.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 PRODUSEM SA
- 13.5.11.1 Company Overview
- 13.5.11.2 Product Portfolio
- 13.5.11.3 Demographic Reach and Achievements
- 13.5.11.4 Certifications
- 13.5.12 SEEDAR SA
- 13.5.12.1 Company Overview
- 13.5.12.2 Product Portfolio
- 13.5.12.3 Demographic Reach and Achievements
- 13.5.12.4 Certifications
- 13.5.13 Others
Pricing
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