Seed Market Research, 2031
The seed market size was valued at $58.5 billion in 2020, and is expected to reach at $105.3 billion by 2031, registering a CAGR of 4.5% from 2022 to 2031.
An embryonic plant enclosed within a protective outer covering is known as a seed. It is utilized as the basic, central, and vital input in agriculture and all farming systems. Seed serves various functions for plants, such as dispersal to new locations, nourishment of the embryo, and dormancy during unfavorable conditions. The timely availability of quality seeds in adequate quantity decides the health and strength of an agricultural economy.
Quality seeds suitable for various agro-climatic conditions in sufficient quantity and at affordable prices are necessary to raise overall crop productivity. High-quality seeds such as hybrid seeds offer better yield, significant uniformity, enhanced color, and disease resistance to the resulting plants.
Market Dynamics
The growth of the global seed industry is driven by modernization of agriculture, requirement to increase food production, and rise in usage of biofuels & animal feed. In addition, diversification of diets, sophistication of seed technologies, such as seed coating & seed pelleting, rise in usage of waste land for agricultural purposes, and increase in accommodative regulatory stance are anticipated to supplement the market growth. Asia-Pacific is expected to show highest growth rate during 2022-2031, owing to surge in population, rise in disposable income, and development in the agricultural sector. In addition, the region has minimum restrictions associated with import and export of seeds.
By Seed Treatment
The Treated segment dominates the Global Seeds Market and is expected to retain its dominance throughout the forecast period.
Financial and technical assistance from foreign agencies, such as the U.S. Agency for International Development (USAID), Rockefeller Foundation, World Bank, and Ford Foundation in early development stage of seeds to strengthen breeding, processing of seed, and quality control plays a significant role in growth and development of the market. However, lower acceptance of genetically modified crops in various regions, such as Europe and prolonged time & extensive research involved in the development of new seed varieties having novel traits hinder the seed market growth. Introduction of new technologies having potential benefits over conventional ones, enhancement in seed replacement rate (SRR), and increase in demand for seeds in emerging economies are expected to provide lucrative opportunities for market growth.
By Seed Trait
The Other Stacked Traits segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.
Segment Overview
The seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and region. By type, the market is classified into genetically modified (GM) seed and conventional seed. On the basis of crop, it is bifurcated into field crops and fruits & vegetable crops. The field crops segment is divided into cotton, corn, rice, wheat, millet, sunflower, and sorghum. The fruits & vegetable crops segment is further classified into tomato, okra, chili, melon, gourds, cauliflower, cabbage, cucumber, and others (eggplant, pumpkin, radish, and carrot). On the basis of availability, the market is categorized into commercial seeds and saved seeds. On the basis of seed treatment, it is classified into treated and untreated. On the basis of seed trait, it is divided into herbicide tolerant, insecticide resistant, and other stacked traits. Region wise, the seed market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Type
The Genetically Modified Seed segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.
BY TYPE
Based on type, the GM seed segment held the major share of the market. Corn, soybean, and cotton are the most common crops in the GM seed market, which is driven by advances in agricultural biotechnology and offers crops with improved traits like pest resistance, drought tolerance, and higher yields. Key players prioritize innovation to address global food security, and the adoption of GM seeds is influenced by farmer awareness and regulatory policies.
By Crop
The fruits & vegetable crops segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.
BY CROP
Based on crop, fruits and vegetable witnessed a major growth rate in the market. The growing need for high-yield, disease-resistant cultivars is driving the fruit and vegetable seed business. For increased productivity, horticulturists and farmers depend on hybrid and genetically modified seeds. Melons, lettuce, cucumbers, and tomatoes are among the most popular crops. The demand for organic and non-GMO seeds has also increased because of growing health consciousness and organic farming practices.
By Availability
TheSaved Seeds segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.
BY AVAILABILITY
Based on availability, saved seeds witnessed a major growth rate in the market. Saved seeds are essential to the seed market's supply, especially for small-scale and subsistence growers. Harvest-related seeds are saved by farmers to guarantee a steady supply for the following planting season. Particularly in areas with little access to commercial seed, this approach lowers costs, supports biodiversity, and encourages traditional crop varieties.
By Region
The Asia-Pacific region dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.
BY REGION
On the basis of region, Asia-Pacific dominated the market. In addition, India accounted for the highest seed market share in the Asia-Pacific market in 2020, owing to an increase in demand for fruit & vegetable crops. However, LAMEA accounted for the highest CAGR during the seed market forecast period.
Competition Analysis
Key leading players in the seed market analysis includes Advanta Limited, Bayer CropScience AG, DLF Seeds A/S, DOW Agrosciences LLC, E.I. Du Pont De Nemours and Company, Groupe Limagrain Holding SA, KWS AG, Land O' Lakes, Inc., Sakata Seed Corporation, and Syngenta AG.
The other key market players in the value chain include Ajeet Seeds Private Limited, Ankur Seeds Pvt. Ltd., Beijing Dabeinong Technology Group Co., Ltd., China National Seed Group Corp., Emerald Seed, Inc., Gansu Dunhuang Seed Co., Ltd., Henan Goldoctor Seeds Co., Ltd., Jiangsu Dahua Seed Group Co., Ltd., Kaveri Seed Company, Nuziveedu Seeds Ltd., Nunhems Seeds Private Ltd., Rallis India Limited, Rasi Seeds (P) Ltd., Shriram Bioseed Genetics India Limited Company, S&W Seed Company, and Takii & Co. Ltd.
SOME KEY DEVELOPMENTS IN THE MARKET
In October 2024, leading U.S. seed company Monsanto Company announced the introduction of a new genetically modified (GM) corn variety that will improve yield and drought resistance, addressing climate change challenges and likely strengthening the company's position in the market.
In September 2024, the well-known Chinese seed corporation Syngenta Group successfully acquired a regional biotech company that specializes in the development of rice seeds. It is expected that this planned action will increase Syngenta's market share in China and broaden its range of products.
In August 2024, a key player in the Asia-Pacific seed market, Bayer AG, recently announced the expansion of its R&D facilities in India. The new center will concentrate on creating hybrid seed varieties that are suited to the region's various agricultural requirements to increase crop yield and promote sustainable farming methods.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current seed market trends, estimations, and dynamics from 2022 to 2031 to assist in identifying the prevailing market opportunities.
Major countries in each region are mapped according to the individual market revenue.
The region-wise and country-wise market conditions are comprehensively analyzed.
This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
An in-depth analysis of each segment of the market is provided to assist the prevailing seed market opportunities.
Seed Market Report Highlights
| Aspects | Details |
 By Type |
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 By Crop |
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 By Availability |
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 By Seed Treatment |
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 By Seed Trait |
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 By Geography |
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Analyst Review
The seed industry has transformed dramatically over the past years with farmers increasingly using purchased seed instead of utilizing saved seed from previous harvest. Modernization of agriculture, necessity to increase food production, and growth in usage of biofuels and animal feed are primary factors that drive the growth of the seed market. In addition, sophistication of seed technologies, increasingly accommodative regulatory stance, growth in usage of waste land for crop cultivation purposes, and diversification of diets supplement the seed market growth. Male sterility is utilized in crops, as it makes seed production easier. For instance, rice hybrids are produced by utilizing cytoplasmic male sterility.
Marker-assisted breeding has accelerated advances in seed technology. R&D activities conducted by various breeding companies focus on making the resulting crops disease resistant. Thus, these companies are devoting considerable resources to produce disease screening techniques. Abiotic resistance is a significant area for research in the seed industry.
Economic growth and rise in disposable income fuels the growth of the seed market in emerging economies, such as India and China. Special schemes to upgrade seed quality and flexibility of norms associated with export to overseas play a significant role in the growth and development of the seed market in emerging countries, especially in India.
The seed market size is expected to reach at $105.3 billion by 2031
The CAGR of Seed market is 4.5%.
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2020 is the base year calculated in the Seed market report
Key leading players in the seed market analysis includes Advanta Limited, Bayer CropScience AG, DLF Seeds A/S, DOW Agrosciences LLC, E.I. Du Pont De Nemours and Company
The seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and region.
Key trends of the seed market includes modernization of agriculture, requirement to increase food production, and rise in usage of biofuels & animal feed
Asia-Pacific holds the maximum market share of the Seed market.
The market will foresee a steady growth in the year 2022 amid the pandemic.
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