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The seed market share in Colombia is expected to increase by USD 41.20 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 0.79%.
This seed market in Colombia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers seed market segmentation in Colombia by product (GM seeds and conventional seeds) and crop type (grain and cereal seeds, oil seeds, fruits and vegetable, and others). The seed market in Colombia report also offers information on several market vendors, including Amalgamated Hardware Merchants Ltd., Bayer AG, Columbia Seeds LLC, Cultivos y Semillas el Aceituno, Eurosemillas SA, Hazera Seeds Ltd., Pajonales, Sakata Seed Corp., Semillas La palma, and Syngenta AG among others.
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The increasing investments in agricultural research is notably driving the seed market growth in Colombia, although factors such as declining availability of arable land may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the seed industry in Colombia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Seed Market Driver in Colombia
One of the key factors driving growth in the seed market in Colombia is the increasing investments in agricultural research. The increasing investments in agricultural research have been of prime importance, with major private firms focusing on innovations in the agriculture sector. The advent of biotechnology and different scientific developments, the growing stronghold of Intellectual Property Rights (IPR) over innovations, and a huge expansion of the agricultural inputs market in the country have been encouraging many private companies to invest in agricultural research. Commercial sales of genetically modified seeds have also increased manifold due to the various production benefits that these seeds offer to cultivators. Additionally, the fastest growth in agricultural R&D during 1994-2010 was in the category of crop seed and biotechnology traits. The extensive investments aimed specifically at innovations and advancements of crop seeds and biotechnology traits will be one of the major driving factors for the market.
Key Seed Market Trend in Colombia
The increasing adoption of hybrid seeds is another factor supporting the seed market share growth in Colombia. Hybrid seed production is predominant in modern agriculture and home gardening and is one of the main contributors to the dramatic rise in agricultural output. Controlled hybrids provide very uniform characteristics produced by crossing two inbred strains. Due to the increasing pressure for high crop production for food security, hybrid seeds have significantly increased since 2016. The increase in the adoption of Bt cotton hybrids, single-cross corn hybrids, and hybrid vegetables boosted the demand for hybrid seeds. There are many advantages of post-adoption of hybrid seeds, such as yield improvement, ensuring higher prices, and the availability of seeds at an affordable price. The benefits of adopting hybrid seeds have led farmers to use them in low-productivity regions. Thus, the rising adoption of hybrid seeds is anticipated to boost the market growth.
Key Seed Market Challenge in Colombia
The declining availability of arable land will be a major challenge for the seed market in Colombia during the forecast period. Arable land is defined as the land that can be plowed to plant and grow crops. In the last few decades, the amount of arable land available for crop cultivation declined rapidly in Colombia. Factors such as the rise in industrialization, urbanization, and demand for energy have led to a decline in arable land and its diversion to other purposes, such as construction. Moreover, soil erosion and land pollution in the past decades have reduced the quality and capability of agricultural land to grow crops, contributing to the decline in the amount of arable land. Plowing is a major agricultural operation undertaken to ensure fertile soil comes to the top. However, soil erosion and pollution have led to a decline in crop production, which eventually reduces agricultural activities. This has challenged the growth of the seed market in Colombia.
This seed market in Colombia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the seed market in Colombia as part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the seed market in Colombia during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the seed market in Colombia encompasses successful business strategies deployed by the key vendors. The seed market in Colombia is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The seed market in Colombia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the seed market in Colombia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of packaged foods and meats market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The seed market share growth in Colombia by the GM seeds segment will be significant during the forecast period. In Columbia, the agricultural biotechnology sector has grown significantly, with genetically modified cotton and corn among the top crops produced. The adoption of GM seeds among farmers has increased considerably over the last few years as the production of GM seeds involves easier weed management, pest and disease control, enhanced nutritional content, and higher productivity.
This report provides an accurate prediction of the contribution of all the segments to the growth of the seed market size in Colombia and actionable market insights on post COVID-19 impact on each segment.
Seed Market Scope in Colombia |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 0.79% |
Market growth 2022-2026 |
$ 41.20 million |
Market structure |
Fragmented |
YoY growth (%) |
0.54 |
Regional analysis |
Colombia |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amalgamated Hardware Merchants Ltd., Bayer AG, Columbia Seeds LLC, Cultivos y Semillas el Aceituno, Eurosemillas SA, Hazera Seeds Ltd., Pajonales, Sakata Seed Corp., Semillas La palma, and Syngenta AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis: Packaged Foods and Meats
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Primary processing
*2.2.4 Secondary and tertiary processing
*2.2.5 Outbound logistics
*2.2.6 End-customers
*2.2.7 Marketing and sales
*2.2.8 Services
*2.2.9 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Colombia - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Colombia market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*Exhibit 20: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 GM seeds - Market size and forecast 2021-2026
*Exhibit 22: GM seeds - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: GM seeds - Year-over-year growth 2021-2026 (%)
**5.4 Conventional seeds - Market size and forecast 2021-2026
*Exhibit 24: Conventional seeds - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Conventional seeds - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 26: Market opportunity by Product
***6. Market Segmentation by Crop type
**6.1 Market segments
*Exhibit 27: Crop type - Market share 2021-2026 (%)
**6.2 Comparison by Crop type
*Exhibit 28: Comparison by Crop type
**6.3 Grain and cereal seeds - Market size and forecast 2021-2026
*Exhibit 29: Grain and cereal seeds - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Grain and cereal seeds - Year-over-year growth 2021-2026 (%)
**6.4 Oil seeds - Market size and forecast 2021-2026
*Exhibit 31: Oil seeds - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Oil seeds - Year-over-year growth 2021-2026 (%)
**6.5 Fruits and vegetable - Market size and forecast 2021-2026
*Exhibit 33: Fruits and vegetable - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Fruits and vegetable - Year-over-year growth 2021-2026 (%)
**6.6 Others - Market size and forecast 2021-2026
*Exhibit 35: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Others - Year-over-year growth 2021-2026 (%)
**6.7 Market opportunity by Crop type
*Exhibit 37: Market opportunity by Crop type
***7. Customer landscape
**7.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 38: ?Customer landscape?
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing investments in agricultural research
*8.1.2 Rising demand for biofuels
*8.1.3 Growth in adoption of GM seeds in Columbia
**8.2 Market challenges
*8.2.1 Declining availability of arable land
*8.2.2 Rise in seed prices
*8.2.3 Availability of counterfeit seed
*Exhibit 39: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing adoption of hybrid seeds
*8.3.2 Growing usage of seeds with advanced generation traits
*8.3.3 Innovations in seed technology
***9. Vendor Landscape
**9.1 Overview
*Exhibit 40: Vendor landscape
**9.2 Vendor Disruption
*Exhibit 41: ?Landscape disruption?
*Exhibit 42: Industry risks
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 43: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 44: ?Market positioning of vendors?
**10.3 Amalgamated Hardware Merchants Ltd.
*Exhibit 45: Amalgamated Hardware Merchants Ltd. - Overview
*Exhibit 46: Amalgamated Hardware Merchants Ltd. - Product and service
*Exhibit 47: Amalgamated Hardware Merchants Ltd. - Key offerings
**10.4 Bayer AG
*Exhibit 48: Bayer AG - Overview
*Exhibit 49: Bayer AG - Product and service
*Exhibit 50: Bayer AG - Key offerings
**10.5 Columbia Seeds LLC
*Exhibit 51: Columbia Seeds LLC - Overview
*Exhibit 52: Columbia Seeds LLC - Product and service
*Exhibit 53: Columbia Seeds LLC - Key offerings
**10.6 Cultivos y Semillas el Aceituno
*Exhibit 54: Cultivos y Semillas el Aceituno - Overview
*Exhibit 55: Cultivos y Semillas el Aceituno - Product and service
*Exhibit 56: Cultivos y Semillas el Aceituno - Key offerings
**10.7 Eurosemillas SA
*Exhibit 57: Eurosemillas SA - Overview
*Exhibit 58: Eurosemillas SA - Product and service
*Exhibit 59: Eurosemillas SA - Key offerings
**10.8 Hazera Seeds Ltd.
*Exhibit 60: Hazera Seeds Ltd. - Overview
*Exhibit 61: Hazera Seeds Ltd. - Product and service
*Exhibit 62: Hazera Seeds Ltd. - Key offerings
**10.9 Pajonales
*Exhibit 63: Pajonales - Overview
*Exhibit 64: Pajonales - Product and service
*Exhibit 65: Pajonales - Key offerings
**10.10 Sakata Seed Corp.
*Exhibit 66: Sakata Seed Corp. - Overview
*Exhibit 67: Sakata Seed Corp. - Product and service
*Exhibit 68: Sakata Seed Corp. - Key offerings
**10.11 Semillas La palma
*Exhibit 69: Semillas La palma - Overview
*Exhibit 70: Semillas La palma - Product and service
*Exhibit 71: Semillas La palma - Key offerings
**10.12 Syngenta AG
*Exhibit 72: Syngenta AG - Overview
*Exhibit 73: Syngenta AG - Business segments
*Exhibit 74: Syngenta AG - Key offerings
*Exhibit 75: Syngenta AG - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 76: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 77: ?Research Methodology
*Exhibit 78: ??Validation techniques employed for market sizing?
*Exhibit 79: ??Information sources
**11.4 List of abbreviations
*Exhibit 80: List of abbreviations
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