Latin America Insecticide Seed Treatment Market

Latin America Insecticide Seed Treatment Market Size (2024 to 2029)

The Latin America insecticide seed treatment market size is expected to reach USD 3.21 billion in 2024 and is anticipated to reach USD 5.66 billion by 2029, growing at a CAGR of 12% from 2024 to 2029. It captures 35% of the global market.

The growth in this market is driven by the increasing area under GM crops & other high value crops, resulting in increased usage of seed treatment solutions on high-priced seeds. Additionally, increasing crop demand for biofuel and feed has compelled farmers to increase yield by minimizing crop loss due to pest attacks (soil borne & others), which in turn is fuelling the market.

The Latin America Insecticide seed treatment market segmented and sub-segmented into the following categories.

Latin America Insecticide Seed Treatment Market Analysis By Type

• Synthetic Chemical
  • Neonicotinoids
  • Pyrazoles
  • Pyrethroids
  • others
• Biological

The biological seed treatment market is anticipated to experience a higher CAGR during the aforementioned forecast period, because it is an environment-friendly method for crop protection. It is preferred by organic growers since the products are manufactured from natural sources.

Latin America Insecticide Seed Treatment Market Analysis By Application Technique

• Seed coating
• Seed pelleting
• Seed dressing

Seed dressing is the most widely used method of seed treatment, and commanded more than half of the total market in 2016. Coating and pelleting seed treatment techniques are costly, rendering these methods financially burdensome for high tonnage and low-cost seeds like cereals, which are the key crop types leading the market.

Latin America Insecticide Seed Treatment Market Analysis By Form

• Powder and liquid

Latin America Insecticide Seed Treatment Market Analysis By Crop Type

• Cereals & Oilseeds
  • corn,
  • wheat,
  • rice,
  • soybean,
  • others
• Fruits & Vegetables
• others

Cereals & oilseeds were the most dominant crop type; the segment is also projected to grow at the highest rate during the forecast period. Demand for grains and oilseeds has been increasing over the years as a result of factors such as rising population, regional variations in consumption patterns and income distribution, and changes in food tastes & preferences of consumers. Furthermore, changes in the dietary patterns pertaining to the consumption of animal products have led to an increased demand for grains & oilseeds as feed.

COUNTRY ANALYSIS

By geography, the market is segmented into

• Brazil
• Chile
• Argentina

South America dominated the insecticide seed treatment market in 2016 and is also estimated to be the fastest-growing market, due to the risen area under major crops that require seed treatment, like corn and soybean.

KEY PLAYERS IN THE LATIN AMERICA INSECTICIDE SEED TREATMENT MARKET

Key players in the market include BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Nufarm Limited (Australia), Bayer AG (Germany), and Platform Specialty Products Corporation (U.S.).