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.
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
- Brassicas
- Cucurbits
- Roots and Bulbs
- Leafy Vegetables
- Solanaceae
- Others
- Oilseeds andPulses
- 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 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
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Seed Market Overview
6 Latin America Seed Market Overview
7 Latin America Seed Market by Type
8 Latin America Seed Market by Crop Type
9 Latin America Seed Market by Traits
10 Latin America Seed Market by Country
11 Market Dynamics
13 Competitive Landscape
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 128 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 6.4 Billion |
| Forecasted Market Value ( USD | $ 10.73 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 12 |
