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Mexico Seed Market Size, Share, Growth, Analysis, Forecast: By Type: Conventional, GMO, Hybrid; By Crop Type: Fruits and Vegetables, Oilseeds and Pulses, Cereals and Grains, Others; By Traits: Herbicide-Tolerant, Insecticide-Resistant, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Seed Market Outlook
The Mexico seed market size reached around USD 857.36 million in 2023. The market is projected to grow at a CAGR of 1.5% between 2024 and 2032, reaching almost USD 986.10 million by 2032.
Key Takeaways
- Hybrid seeds are expected to constitute a major portion of the Mexico seed market share.
- Insecticide-tolerant seeds are expected to gain increasing popularity among Mexican farmers.
- Climate-resilient oilseeds and pulses are expected to witness a surge in demand over the forecast period.
Increasing investments in the agricultural sector are expected to accelerate the Mexico seed market growth. The nation aims to enhance the domestic capabilities of corn production to reduce the quantity of corn imports by one-third (6MMT). Since corn grown from genetically modified seeds poses several threats to Mexico’s ecological environment and cultural heritage, scientists are focusing on developing hybrid varieties of corn seeds. This is expected to drive the Mexico seeds market development and enable Mexico to become a self-sufficient corn-producing nation.
Amid the growing food demands and rising population levels, the Mexican government is actively attempting to enhance the yield of staple crops like maize and wheat. Hence, key players are initiating research and development activities to create improved and affordable seed systems ideal for both small and large-scale farmers.
Strengthening cross-border collaboration and improving technological crop cultivation capabilities of Mexican farmers are favouring the Mexico seed market expansion. Along with this, the increasing export of Eustoma and helianthus seeds is expected to drive the market growth in the forecast period.
Advancements in seed technology are anticipated to positively influence the Mexico seed market development in the coming years. Advanced seeds with enhanced resilience and adaptability can enhance the stability of crops in unpredictable weather conditions, reduce the requirement for fertilisers, water, and pesticides, and lead to the development of high-quality crop yield.
Market Segmentation
Mexico Seed Market Report and Forecast 2024-2032 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
- Brassicas
- Cucurbits
- Roots and Bulbs
- Leafy Vegetables
- Solanaceae
- Others
- Oilseeds and Pulses
- Soyabean
- Canola/Rapeseeds
- Sunflower
- Others
- Cereals and Grains
- Corn
- Wheat
- Rice
- Others
- Others
Market Breakup by Traits
- Herbicide-Tolerant
- Insecticide-Resistant
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico seed market players are 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, and TAKII & CO., LTD., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Crop Type |
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| Breakup by Traits |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Seed Market Overview
8.1 Key Industry Highlights
8.2 Latin America Seed Historical Market (2018-2023)
8.3 Latin America Seed Market Forecast (2024-2032)
8.4 Latin America Seed Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Seed Market Overview
9.1 Key Industry Highlights
9.2 Mexico Seed Historical Market (2018-2023)
9.3 Mexico Seed Market Forecast (2024-2032)
10 Mexico Seed Market by Type
10.1 Conventional
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 GMO
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Hybrid
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Mexico Seed Market by Crop Type
11.1 Fruits and Vegetables
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Type
11.1.3.1 Brassicas
11.1.3.2 Cucurbits
11.1.3.3 Roots and Bulbs
11.1.3.4 Leafy Vegetables
11.1.3.5 Solanaceae
11.1.3.6 Others
11.2 Oilseeds and Pulses
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 Soyabean
11.2.3.2 Canola/Rapeseeds
11.2.3.3 Sunflower
11.2.3.4 Others
11.3 Cereals and Grains
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.3.3 Breakup by Type
11.3.3.1 Corn
11.3.3.2 Wheat
11.3.3.3 Rice
11.3.3.4 Others
11.4 Others
12 Mexico Seed Market by Traits
12.1 Herbicide-Tolerant
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Insecticide-Resistant
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Mexico Seed Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bayer AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Corteva Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Syngenta Crop Protection AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 KWS SAAT SE & Co. KGaA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Bejo Zaden B.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Rijk Zwaan Zaadteelt en Zaadhandel B.V.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Groupe Limagrain Holding
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Sakata Seed Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 TAKII & CO., LTD.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Seed Market: Key Industry Highlights, 2018 and 2032
2. Mexico Seed Market: Key Industry Highlights, 2018 and 2032
3. Mexico Seed Historical Market: Breakup by Type (USD Million), 2018-2023
4. Mexico Seed Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Mexico Seed Historical Market: Breakup by Crop Type (USD Million), 2018-2023
6. Mexico Seed Market Forecast: Breakup by Crop Type (USD Million), 2024-2032
7. Mexico Seed Historical Market: Breakup by Traits (USD Million), 2018-2023
8. Mexico Seed Market Forecast: Breakup by Traits (USD Million), 2024-2032
9. Mexico Seed Historical Market: Breakup by Region (USD Million), 2018-2023
10. Mexico Seed Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Mexico Seed Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 857.36 million in 2023.
The market is projected to grow at a CAGR of 1.5% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 986.10 million in 2032.
The different types of seeds in the market include conventional, GMO, and hybrid.
The different crop seeds considered in the market report are fruits and vegetables, oilseeds and pulses, and cereals and grains, among others.
The different traits of seed are herbicide-tolerant and insecticide-resistant, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are 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, and TAKII & CO., LTD., among others.
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