Mexico Seed Market Report and Forecast 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