around ~ million hectares and ~ million hectares was established with commercial seeds respectively.
By Source: The seed market in Brazil is largely dependent on domestic production of seeds in the country. The total domestic production of seeds accounted for ~%( USD ~ million) of the total seed market in Brazil during 2017 and the total imports accounted for ~%( USD ~ million).
By Market Structure: The seed market in Brazil is dominated by organized players which accounted for ~%( USD ~ million) share of the overall revenue during 2017. A number of unorganized players are also present in the market. The unorganized market accounted for ~%( USD ~ million) of the overall revenue during 2017.
Competitive Scenario in Brazil Seed Market
The seed industry in the country has been dominated by organized; both global & domestic players in the market which have accounted for major market share during 2017. There exists health competition in the market due to a number of local players in the market. The indigenous players also focus heavily on newer breeding techniques. The quality of seeds produced is also and many companies have also ventured into production of genetically modified seeds to fulfill the demand for soybean and corn crops. Majority of the players in the market produce their seeds within the country. The market in Brazil is dominated by players including DuPont Pioneer, Syngenta, Monsanto, Advanta, Rijk Zwaan, KWS, Bejo and Tecnoseeds.
DuPont Pioneer is one of the largest producers of seeds in Brazil. The company mainly produces seeds for soybean, corn and forage seeds in the country. DuPont accounted for share of ~% in the overall seed market during 2017 in Brazil. Monsanto Brazil is a subsidiary of a global seed company Monsanto based in St. Louis, US. The company produces seeds for soybean and a range of other cereal, forage and vegetables crops for the Brazilian market. The company’ s soybean seed with“ Intacta” technology have been a great hit in the country but also is facing challenges from the supporters of non-GM seeds. The company has accounted for share of ~% of the overall revenue in the Brazilian seed market during 2017. Syngenta Seed Brazil is a global company formed during 2000 by the merger of Novartis Agribusiness and Zeneca Agrochemicals. The company produces seeds mainly for soybean, corn and a range of fruits and vegetables. The company has accounted for a share of ~% in revenue of the overall seed market in Brazil during 2017. Rijk Zwaan is a Dutch company established in Rotterdam. The company is amongst the top 5 vegetable breeding companies in the world. The company has accounted for a share of ~% in revenue of the overall seed market in Brazil during 2017. Advanta is one of the market leaders in the seed industry of Brazil. The company produces a range of seeds for soybean, corn, sorghum, rice, wheat, vegetables and forage crops globally. The company