According to MarkNtel Advisors study the Latin America Seed Treatment Market is projected to grow at a CAGR of around 7.3% during the forecast period, i.e., 2023-28.
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Key Findings of the Study: Latin America Seed Treatment market
Latin America Seed Treatment Market Driver:
Ever-Increasing Government Focus on Food Security: Food security is a critical concern for governments & policymakers in different regions of the world, including Latin America, driven by the growing population & food demand, which have significantly stressed the agricultural sector to increase productivity & crop yields. Seed treatment is a practical & effective solution to boost agricultural productivity and cater to evolving food demand. It plays a crucial role in enhancing crop performance, protecting seeds from pests & diseases, and promoting early plant development, mainly by improving germination rates and overall crop health. As a result, the increased need for food security is the most prominent aspect driving the Latin America Seed Treatment Market.
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Scope of the Report and Latin America Seed Treatment Market Segmentation:
By Treatment Type
- Chemical
- Biological
By Application
- Seed Coating
- Seed Pelleting
- Seed Dressing
By Function
- Seed Protection
- Seed Enhancement
By Crop Type
- Grains & Cereals
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Herbs, etc.)
Here, cereals & grains, particularly corn (maize) and oilseeds like soybeans, hold the most prominent share of the Latin America Seed Treatment Market since they are the region’s staple food.
Geographical Analysis:
By Country
- Mexico
- Brazil
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
Of all countries in Latin America, Brazil held the maximum share of the Seed Treatment Market in the previous years.
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