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Latin America Corn Seeds Market By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027.

Published: March, 2023
ID: 5010
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Corn Seeds Market Size, Growth, Trends and Forecast:

Latin America Corn Seeds Market size was around USD 6.65 billion in 2021. It is expected to grow at a CAGR of 8.1% to reach USD 10.34 billion by 2026. It captures 25% of the global market.

After wheat and rice corn is the third largest planted crop worldwide. Though it is an important food crop it is often utilized and traded as a feed crop. It is grown in temperate, tropical and sub-tropical regions of the world.

Drivers and Restraints of Latin America Corn Seeds Market:

Yield and quality of corn has improved considerably through genetic engineering which is a primary driver of this market. Advance planning by major players in the market regarding stock piling based on demand and supply conditions augurs well for a robust market growth in the aforementioned forecast period.

Lower commodity prices have adversely impacted the market making it the primary restraint of market growth. Reduced land under corn acreage especially in US and Brazil is a secondary factor constraining the growth of this market.

Geographical Analysis:

By geography, the market is segmented into

  • Brazil
  • Chile
  • Argentina
  • Others

Brazil, Argentina, Mexico, are in the major corn producing nations of the world. Latin America is the second largest corn seed market, commanding nearly 65% of the market share (joint with North America). Mexico, is among the largest importers of U.S. corn seed respectively.

Key Players:

Key players in the market include Monsanto, Monsanto Company, DuPont Pioneer, Syngenta, and Bayer CropScience.

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