Latin America Fruit and Vegetable Seeds Market was worth USD 2.12 billion in 2021 and estimated to be growing at a CAGR of 7.83%, to reach USD 3.64 billion by 2026. The market continues to gain momentum with the increasing demand for nutritional food, new product offerings, innovative production practices, to prevent pest incidences & improve yield, and to modernize agriculture.
Fruit & Vegetable Seeds are a major part of the seed industry and is forecasted to show even higher potential in coming years with the increase in demands for healthy vegetables and fruits. These seeds are used for higher crop yield quality, to meet the needs and demands of the rising population. Thus, it is expected of agricultural based companies to show higher interest in Fruit & Vegetable Seeds in the upcoming years.
Drivers and Restraints of Latin America Fruit and Vegetable Seeds Market:
The diversified demand and specialization in cultivation of food crops have been acting as an opportunity for the Fruit and Vegetable seed market to show significant potential. Other key factors driving the Latin America Fruit & Vegetable Seeds Market include, increase in rate of seed replacement, growing market for genetically modified (Gm) crops, and innovations in the mechanical inputs on Farms. These factors are responsible for the growth exhibited by the Latin America Fruit & Vegetable Seeds market lately. Besides these, there are few restraints and challenges faced by the Latin America Fruit & Vegetable Seeds Market as well, which include variations in climatic conditions, regulations in the Gm crops cultivation and the long duration of the R&D process of new plant biotechnology trait.
Latin America Fruit & Vegetable Seeds Market - By Trait:
Latin America Fruit & Vegetable Seeds Market - By Type:
Latin America Fruit & Vegetable Seeds Market - By Form:
Latin America Fruit & Vegetable Seeds Market - By Farm Type:
On the basis of geography, the Latin America Fruit & Vegetable Seeds market is segmented under countries namely
Major Key Players:
Some of the major companies dominating the Latin America Fruit & Vegetable Seeds market include Bayer Cropscience AG, Monsanto Company, Advanta Limited, Western Bio Vegetable Seeds Ltd., Syngenta AG, Groupe Limagrain, Sakata Seed Corporation, Takii & Co Ltd., Mahyco, Mahindra Agri.
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