Mexico Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 158.20 Million |
| Market Size (2029) | USD 209.5 Million |
| CAGR (2024 - 2029) | 5.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Seed Treatment Market Analysis
The Mexico Seed Treatment Market size is estimated at USD 158.20 million in 2024, and is expected to reach USD 209.5 million by 2029, at a CAGR of 5.70% during the forecast period (2024-2029).
The Mexican seed treatment market is experiencing growth due to the increasing emphasis on agricultural productivity, the adoption of advanced farming practices, and the need for crop protection against pests and diseases. According to the United Nations Trade and Development (UNCTAD), approximately 80% of Mexican farms are 5 hectares or smaller, which restricts the establishment of economies of scale. This limited land availability has prompted farmers to adopt seed treatment methods to enhance productivity and minimize seed waste. FAOSTAT data shows that cereal yields in Mexico reached 3,981.3 kg per hectare in 2022, representing a 2.6% increase from 3,878.9 kg per hectare in the previous year.
Mexico's changing climate conditions have intensified pest-related challenges in agriculture. The United States Department of Agriculture (USDA) identifies the Mexican fruit fly (Anastrepha ludens or Mexfly) as a significant agricultural pest in the country. During the Colima outbreak, medflies affected tropical almonds and various fruits in urban areas, threatening crops including mangoes, guava, papayas, figs, oranges, pink grapefruits, and carambola. In response, farmers are implementing seed treatments as a preventive measure to safeguard their crops and maximize yields.
Mexico Seed Treatment Market Trends
Growing Agricultural Productivity Requirements Drive Seed Treatment Adoption
Mexico's increasing population and decreasing agricultural land are driving the adoption of seed treatment methods for sustainable production. According to the World Health Organization, Mexico's population reached 129.7 million in 2023, up from 127.5 million in the previous year. However, the harvested area for corn production in MY 2023-2024 decreased to 6.1 million hectares, an 11% reduction from the previous marketing year. In response, Mexican farmers are implementing modern agricultural practices, including seed treatments, to enhance crop health and yield. FAOSTAT data shows corn yield reached 3,928.3 kg per hectare in 2022, a 2% increase from 3,852.2 kg per hectare in the previous year.
The Mexican government's initiatives focused on sustainability, energy efficiency, and innovation are creating favorable conditions for market expansion. In 2024, Mexico introduced the National Food Sovereignty Programme to increase production and provide sustainable, healthy food at affordable prices to Mexican families. This program supports small and medium-scale producers of beans, corn, onions, tomatoes, chili, wheat, sorghum, rice, cocoa, coffee, and milk in high-poverty municipalities. The initiative includes provisions for credit, insurance, and technical assistance in agroecological practices and marketing.
Increasing Usage of Fungicide Treated Seeds
Fungicide seed treatments dominate agricultural practices in Mexico's crop production sector as farmers prefer them for their proven effectiveness in controlling early-stage fungal diseases, which directly impact plant health and yield outcomes. These treatments play a vital role in protecting seeds against both soil-borne and seed-borne pathogens that can reduce crop productivity, as evidenced in 2022 when coffee leaf rust spread across the region, causing significant damage to coffee production.
Mexico holds the position of the second-largest seed treatment market in North America and demonstrates rapid growth within the region, with the increasing demand for fungicide seed treatments stemming from multiple factors, including higher crop rotation rates, adaptable sowing methods, and evolving climate conditions. Major companies like Syngenta, Bayer CropScience, and BASF dominate the Mexican market with their fungicide seed treatment solutions, as demonstrated by Syngenta Seedcare's global introduction of VICTRATO in 2022, including Mexico. This fungicide seed treatment specifically addressed primary soil-borne fungal diseases, helping improve crop quality and yields across various crops including soybeans, corn, cereals, cotton, and rice. According to FAOSTAT, in 2022, the yield of rice stood at 6,552.4 kg per hectare which is 2.7% more than the previous year yield of 6,381.3 kg per hectare.
Mexico Seed Treatment Industry Overview
The Mexico Seed Treatment Market is fragmented in structure. The major players in the market include BASF SE, Bayer Crop Science AG, Syngenta AG, Corteva Agriscience, and UPL Limited. The companies are not only competing based on product quality or product promotion but are also focused on other strategic moves, like acquisitions and expansions, to acquire a larger share and expand their acquired market size.
Mexico Seed Treatment Market Leaders
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BASF SE
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Syngenta AG
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Bayer CropScience AG
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Corteva Agriscience
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UPL Limited
*Disclaimer: Major Players sorted in no particular order
Mexico Seed Treatment Market News
- August 2024: Bee Vectoring Technologies International Inc. (BVT) received regulatory approval from Mexico's Federal Commission for Protection against Sanitary Risks (COFEPRIS) for its Vectorite with Clonostachys Rosea CR-7 (CR-7) fungicide as a soybean seed treatment.
- July 2023: Germains Seed Technology provides seed treatments that comply with Mexico's phytosanitary regulations, serving both conventional and organic growers. The company ensures all treated seeds for producers and dealers meet the country's regulatory requirements.
Mexico Seed Treatment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Enhanced Agricultural Output
4.2.2 Increasing Adoption of Advanced Farming Practices
4.2.3 Growing Need for Crop Protection Againts Pests and Diseases
4.3 Market Restraints
4.3.1 High Cost of Advanced Seed Treatment Technologies
4.3.2 Regulatory Restrictions Limiting the Market
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Insecticides
5.1.2 Fungicides
5.1.3 Nematicides
5.2 Crop Type
5.2.1 Grains and Cereals
5.2.2 Oilseeds and Pulses
5.2.3 Fruits and Vegetables
5.2.4 Commercial Crops
5.2.5 Turf and Ornamentals
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Syngenta AG
6.3.2 Bayer CropScience AG
6.3.3 BASF SE
6.3.4 Corteva Agriscience
6.3.5 Sumitomo Chemical Co., Ltd.
6.3.6 FMC Corporation
6.3.7 UPL Limited
6.3.8 Croda International Plc (Incotec Group BV)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Seed Treatment Industry Segmentation
Seed treatment is a process where chemicals are used to treat or dress seeds before planting. The Mexico Seed Treatment Market is segmented by Product Type (Insecticides, Fungicides, and Nematicides) and Crop Type (Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables, Commercial Crops, and Turf & Ornamentals). The report provides market size and forecasts in USD value for these segments.
| Product Type | |
| Insecticides | |
| Fungicides | |
| Nematicides |
| Crop Type | |
| Grains and Cereals | |
| Oilseeds and Pulses | |
| Fruits and Vegetables | |
| Commercial Crops | |
| Turf and Ornamentals |
Mexico Seed Treatment Market Research FAQs
How big is the Mexico Seed Treatment Market?
The Mexico Seed Treatment Market size is expected to reach USD 158.20 million in 2024 and grow at a CAGR of 5.70% to reach USD 209.5 million by 2029.
What is the current Mexico Seed Treatment Market size?
In 2024, the Mexico Seed Treatment Market size is expected to reach USD 158.20 million.
Who are the key players in Mexico Seed Treatment Market?
BASF SE, Syngenta AG, Bayer CropScience AG, Corteva Agriscience and UPL Limited are the major companies operating in the Mexico Seed Treatment Market.
What years does this Mexico Seed Treatment Market cover, and what was the market size in 2023?
In 2023, the Mexico Seed Treatment Market size was estimated at USD 149.18 million. The report covers the Mexico Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Seed Treatment Industry Report
Statistics for the 2024 Mexico Seed Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Seed Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mexico Seed Treatment Market Report Snapshots
