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Mexico Seed Market Size

The Mexico Seed Market is experiencing significant changes, with a notable shift in its market size due to evolving agricultural practices and regulatory impacts. The market's expansion is driven by the increasing preference for hybrid and open-pollinated varieties, particularly as the country moves away from transgenic hybrids. This transition is expected to influence the market's composition, with a growing demand for non-transgenic hybrids and OPV varieties, especially in crops like corn and cotton. The dominance of hybrid seeds, attributed to their adaptability and disease resistance, continues to shape the market landscape, while OPV seeds remain prevalent in row crops such as wheat, reflecting the country's agricultural priorities and regulatory environment.

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Market Size of mexico seed Industry

Mexico Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.75 Billion
svg icon Market Size (2030) USD 2.35 Billion
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 5.06 %
svg icon Fastest Growing by Breeding Technology Hybrids
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Mexico Seed Market Analysis

The Mexico Seed Market size is estimated at 1.75 billion USD in 2024, and is expected to reach 2.35 billion USD by 2030, growing at a CAGR of 5.06% during the forecast period (2024-2030).

1.75 Billion

Market Size in 2024 (USD)

2.35 Billion

Market Size in 2030 (USD)

6.90 %

CAGR (2017-2023)

5.06 %

CAGR (2024-2030)

Largest Market by Crop Family

60.84 %

value share, Grains & Cereals, 2023

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In Mexico, corn is the major grain crop and the majority of the area is under transgenic hybrids and wheat is the staple food crop with the adoption of improved cultivars.

Largest Market by Breeding Technology

76.83 %

value share, Hybrids, 2023

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It is due to the higher adoption of transgenic hybrids in corn, cotton, alfalfa, and soybean and the availability of high-yielding non-transgenic hybrids in other crops.

Fastest-growing Market by Crop Family

6.24 %

Projected CAGR, Solanaceae, 2024-2030

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Mexico is one of the major producers of tomatoes and chilies. It is home to many tomato cultivars and uses protective structures to produce year-round yields.

Fastest-growing Market by Breeding Technology

5.34 %

Projected CAGR, Hybrids, 2024-2030

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Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.

Leading Market Player

34.82 %

market share, Bayer AG, 2022

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It has a wider portfolio, which has high-performance varieties that are suitable for local conditions. It also introduced multiple traits varieties in recent times in the country.

Mexico's seed market is evolving with a strong focus on both hybrid and open-pollinated varieties (OPV) seeds

  • Mexico's seed market is evolving with a strong focus on both hybrid and open-pollinated varieties (OPV) seeds. Hybrid seeds dominated the Mexican seed market with 83.0% in 2022. The domination of hybrids is mainly attributed to their wider adaptable nature and resistance to a variety of diseases.
  • The ban on transgenic hybrids or GM crops in Mexico by 2024 has negatively influenced the growth of transgenic hybrids in the country, especially GM Corn, which is mostly used in the cultivation of corn. It is expected to be replaced by sustainable and appropriate alternatives by 2024. Moreover, cotton production in the country is mainly dependent on transgenic herbicide-tolerant seeds, and the demand is anticipated to shift to non-transgenic cotton hybrid seeds during the forecast period.
  • The OPV seeds accounted for about 17.0% of the market in 2022. The OPV seeds are mostly used in the cultivation of row crops such as wheat, millet, cereals, and pulses in the country. Cereals and grain seeds accounted for about 63.0% of the Mexican OPV seed market value in 2022. In vegetable seeds, OPV varieties are less common due to the large availability of high-yielding hybrids. Moreover, the vegetables are more prone to diseases compared to the row crops. Hence, most of the vegetable cultivation is under hybrid seeds.
  • Wheat is a major crop cultivated under OPV varieties, and 95.2% of the commercial wheat seeds cultivated in the country were open-pollinated varieties in 2022. The wheat hybrid varieties are not popular due to challenges in the development of hybrids.​
  • The ban on transgenic or GM seeds in the country by 2024 is the major factor that is anticipated to increase demand for non-transgenic hybrids and OPV varieties during the forecast period.
Mexico Seed Market

Mexico Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Row Crops, Vegetables are covered as segments by Crop Type.

  • Mexico's seed market is evolving with a strong focus on both hybrid and open-pollinated varieties (OPV) seeds. Hybrid seeds dominated the Mexican seed market with 83.0% in 2022. The domination of hybrids is mainly attributed to their wider adaptable nature and resistance to a variety of diseases.
  • The ban on transgenic hybrids or GM crops in Mexico by 2024 has negatively influenced the growth of transgenic hybrids in the country, especially GM Corn, which is mostly used in the cultivation of corn. It is expected to be replaced by sustainable and appropriate alternatives by 2024. Moreover, cotton production in the country is mainly dependent on transgenic herbicide-tolerant seeds, and the demand is anticipated to shift to non-transgenic cotton hybrid seeds during the forecast period.
  • The OPV seeds accounted for about 17.0% of the market in 2022. The OPV seeds are mostly used in the cultivation of row crops such as wheat, millet, cereals, and pulses in the country. Cereals and grain seeds accounted for about 63.0% of the Mexican OPV seed market value in 2022. In vegetable seeds, OPV varieties are less common due to the large availability of high-yielding hybrids. Moreover, the vegetables are more prone to diseases compared to the row crops. Hence, most of the vegetable cultivation is under hybrid seeds.
  • Wheat is a major crop cultivated under OPV varieties, and 95.2% of the commercial wheat seeds cultivated in the country were open-pollinated varieties in 2022. The wheat hybrid varieties are not popular due to challenges in the development of hybrids.​
  • The ban on transgenic or GM seeds in the country by 2024 is the major factor that is anticipated to increase demand for non-transgenic hybrids and OPV varieties during the forecast period.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Open Pollinated Varieties & Hybrid Derivatives
Cultivation Mechanism
Open Field
Protected Cultivation
Crop Type
Row Crops
Fiber Crops
Cotton
Other Fiber Crops
Forage Crops
Alfalfa
Forage Corn
Forage Sorghum
Other Forage Crops
Grains & Cereals
Corn
Rice
Sorghum
Wheat
Other Grains & Cereals
Oilseeds
Canola, Rapeseed & Mustard
Soybean
Sunflower
Other Oilseeds
Pulses
Vegetables
Brassicas
Cabbage
Carrot
Cauliflower & Broccoli
Other Brassicas
Cucurbits
Cucumber & Gherkin
Pumpkin & Squash
Other Cucurbits
Roots & Bulbs
Garlic
Onion
Potato
Other Roots & Bulbs
Solanaceae
Chilli
Eggplant
Tomato
Other Solanaceae
Unclassified Vegetables
Asparagus
Lettuce
Okra
Peas
Spinach
Other Unclassified Vegetables
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Mexico Seed Market Size Summary

The Mexico seed market is experiencing significant growth, driven by a strong emphasis on hybrid seeds, which dominate the market due to their adaptability and disease resistance. The market is evolving with a shift towards non-transgenic hybrids and open-pollinated varieties (OPV) following the ban on transgenic hybrids by 2024. This regulatory change is expected to influence the cultivation practices in the country, particularly in crops like corn and cotton, where transgenic seeds have been predominantly used. The OPV seeds, while less common in vegetable cultivation due to the prevalence of high-yielding hybrids, are extensively used in row crops such as wheat, millet, and pulses. Wheat, in particular, remains a major crop under OPV varieties, although challenges in developing wheat hybrids have limited their popularity.

Mexico's agricultural landscape is characterized by a substantial area dedicated to row crops, with grains and cereals forming a significant portion of the cultivated land. Corn, sorghum, and wheat are among the major crops, with corn being the most hybridized due to its economic importance. The demand for disease-resistant and high-quality seed varieties is increasing, driven by the need to enhance yield productivity and protect crops from pests and diseases. The market is fairly consolidated, with major players like BASF SE, Bayer AG, Corteva Agriscience, Land O’Lakes Inc., and Syngenta Group leading the industry. Recent developments, such as BASF's expansion of its soybean seed portfolio and Takii Seeds' introduction of winter carrot varieties, highlight the ongoing innovation and strategic initiatives within the market.

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Mexico Seed Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Breeding Technology

      1. 1.1.1 Hybrids

        1. 1.1.1.1 Non-Transgenic Hybrids

        2. 1.1.1.2 Transgenic Hybrids

          1. 1.1.1.2.1 Herbicide Tolerant Hybrids

          2. 1.1.1.2.2 Insect Resistant Hybrids

      2. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 Cultivation Mechanism

      1. 1.2.1 Open Field

      2. 1.2.2 Protected Cultivation

    3. 1.3 Crop Type

      1. 1.3.1 Row Crops

        1. 1.3.1.1 Fiber Crops

          1. 1.3.1.1.1 Cotton

          2. 1.3.1.1.2 Other Fiber Crops

        2. 1.3.1.2 Forage Crops

          1. 1.3.1.2.1 Alfalfa

          2. 1.3.1.2.2 Forage Corn

          3. 1.3.1.2.3 Forage Sorghum

          4. 1.3.1.2.4 Other Forage Crops

        3. 1.3.1.3 Grains & Cereals

          1. 1.3.1.3.1 Corn

          2. 1.3.1.3.2 Rice

          3. 1.3.1.3.3 Sorghum

          4. 1.3.1.3.4 Wheat

          5. 1.3.1.3.5 Other Grains & Cereals

        4. 1.3.1.4 Oilseeds

          1. 1.3.1.4.1 Canola, Rapeseed & Mustard

          2. 1.3.1.4.2 Soybean

          3. 1.3.1.4.3 Sunflower

          4. 1.3.1.4.4 Other Oilseeds

        5. 1.3.1.5 Pulses

      2. 1.3.2 Vegetables

        1. 1.3.2.1 Brassicas

          1. 1.3.2.1.1 Cabbage

          2. 1.3.2.1.2 Carrot

          3. 1.3.2.1.3 Cauliflower & Broccoli

          4. 1.3.2.1.4 Other Brassicas

        2. 1.3.2.2 Cucurbits

          1. 1.3.2.2.1 Cucumber & Gherkin

          2. 1.3.2.2.2 Pumpkin & Squash

          3. 1.3.2.2.3 Other Cucurbits

        3. 1.3.2.3 Roots & Bulbs

          1. 1.3.2.3.1 Garlic

          2. 1.3.2.3.2 Onion

          3. 1.3.2.3.3 Potato

          4. 1.3.2.3.4 Other Roots & Bulbs

        4. 1.3.2.4 Solanaceae

          1. 1.3.2.4.1 Chilli

          2. 1.3.2.4.2 Eggplant

          3. 1.3.2.4.3 Tomato

          4. 1.3.2.4.4 Other Solanaceae

        5. 1.3.2.5 Unclassified Vegetables

          1. 1.3.2.5.1 Asparagus

          2. 1.3.2.5.2 Lettuce

          3. 1.3.2.5.3 Okra

          4. 1.3.2.5.4 Peas

          5. 1.3.2.5.5 Spinach

          6. 1.3.2.5.6 Other Unclassified Vegetables

Mexico Seed Market Size FAQs

The Mexico Seed Market size is expected to reach USD 1.75 billion in 2024 and grow at a CAGR of 5.06% to reach USD 2.35 billion by 2030.

In 2024, the Mexico Seed Market size is expected to reach USD 1.75 billion.

Mexico Seed Market Report Snapshots

Mexico Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030