Vegetable Seeds Market in Mexico by Seed Type and Crop Type - Forecast and Analysis 2022-2026

The vegetable seeds market share in Mexico is expected to increase by USD 134.09 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.33%.

This Mexico vegetable seeds market 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 Mexico vegetable seeds market segmentation by seed type (open pollinated varieties and hybrid) and crop type (onion, hot pepper, tomato, cucumber, and others). The vegetable seeds market in Mexico report also offers information on several market vendors, including BASF SE, Bayer AG, Bejo Zaden B V, East West Seed International, Enza Zaden Beheer B.V, Rijk Zwaan Zaadteelt en Zaadhandel BV, Sakata Seed Corp., Syngenta AG, Takii and Co. Ltd., and Vilmorin and Cie among others.

What will the Vegetable Seeds Market Size in Mexico be During the Forecast Period?

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Vegetable Seeds Market in Mexico: Key Drivers, Trends, and Challenges

The increasing investments in agriculture research is notably driving the vegetable seeds market growth in Mexico, 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 vegetable seeds industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vegetable Seeds Market Driver in Mexico

• One of the key factors driving growth in the vegetable seeds market in Mexico is the increasing investments in agriculture research.
• The increasing investments in agricultural research have been of prime importance, with major global private firms focusing on innovations in the agriculture sector.
• Commercial sales of genetically modified seeds have also increased manifold due to the various production benefits that these seeds offer to cultivars.
• The advent of biotechnology and different scientific developments, the growing stronghold of IPR over innovations, and a huge expansion of the agricultural inputs market globally have been encouraging many private companies to invest in agricultural research.
• The fastest growth in agricultural R&D during 1994-2019 was in the category of vegetable seeds and high yield.
• Most large-sized biotechnology companies invest over 15% or more of their annual product sales in vegetable seeds and biotechnology traits. These 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 Vegetable Seeds Market Trend in Mexico

• The increasing adoption of Hybrid Seeds is another factor supporting the vegetable seeds market share growth in Mexico.
• 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.
• The increase in the adoption of tomato hybrids and hybrid vegetables boosted the demand for hybrid vegetable seeds.
• Controlled hybrids provide uniform characteristics as they are produced by crossing two inbred strains. Due to the increasing pressure for high vegetable production for food security, the adoption of hybrid seeds has significantly increased since 2016.
• Farmers are adopting hybrid seeds as they are considered disease- and pest-resistant seeds. There are many advantages of the adoption of hybrid seeds, such as yield improvement, ensuring higher prices, and the availability of seeds at an affordable price.
• The benefits of the adoption of hybrid vegetable seeds have led farmers to use them in low productivity regions of Mexico.

Key Vegetable Seeds Market Challenge in Mexico

• The declining availability of arable land will be a major challenge for the vegetable seeds market in Mexico during the forecast period.
• Arable land is defined as the land that can be plowed to plant and grow crops.
• 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.
• Soil erosion and land pollution in the past decades have reduced the quality and capability of agricultural land to grow vegetables, 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 vegetable production, which eventually reduces agricultural activities. This has challenged the growth of the vegetable seed market in Mexico.

This vegetable seeds market in Mexico 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.

Parent Market Analysis

Technavio categorizes the vegetable seeds market in Mexico as a part of the global agricultural products 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 vegetable seeds market in Mexico during the forecast period.

Who are the Major Vegetable Seeds Market Vendors in Mexico?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• BASF SE
• Bayer AG
• Bejo Zaden B V
• East West Seed International
• Enza Zaden Beheer B.V
• Rijk Zwaan Zaadteelt en Zaadhandel BV
• Sakata Seed Corp.
• Syngenta AG
• Takii and Co. Ltd.
• Vilmorin and Cie

This statistical study of the vegetable seeds market in Mexico encompasses successful business strategies deployed by the key vendors. The vegetable seeds market in Mexico is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Bejo Zaden B V - The company specializes in vegetables seeds.

• Bejo Zaden B V is a privately held company that is headquartered in The Netherlands. It is a global company and information regarding its financials is limited. Its revenue from the Vegetable seeds market in Mexico contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.

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 vegetable seeds market in Mexico forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vegetable Seeds Market in Mexico Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vegetable seeds market in Mexico, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 the agricultural products market includes the following core components:

• Introduction
• Pre-production
• Harvest production
• Post-harvesting
• Outbound logistics
• Marketing and sales
• Service
• End-customers
• Industry innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Seed Type Segments in the Vegetable Seeds Market in Mexico?

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The vegetable seeds market share growth in Mexico by the open pollinated varieties segment will be significant during the forecast period. Open-pollinated seeds are produced through the natural pollination process in plants carried out through insects, birds, and others. Vegetable varieties such as peas, beans, and legumes and winter vegetables such as tomatoes and melons are best-suited for open-pollinated seeds in Mexico. Leafy vegetables such as lettuce, kale, and mustard also produce high yields through open-pollinated seeds. Thus, the demand for the open-pollinated variety of seeds will increase in Mexico due to its high-yielding nature and stable output over the agricultural seasons.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vegetable seeds market size in Mexico and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Vegetable Seeds Market in Mexico Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vegetable seeds market growth in Mexico during the next five years
• Precise estimation of the vegetable seeds market size in Mexico and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vegetable seeds industry in Mexico
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vegetable seeds market vendors in Mexico

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