Allied Market Research

Seed Market is Expected to Reach $68,711 Million by 2023


Report Code : A02053

quote Low acceptance of genetically modified (GM) crops in some regions, such as Europe, varying climatic conditions, and extensive research & prolonged approval time involved in the development of improved seed varieties having novel traits limit the market growth. Introduction of new technologies offering potential benefits over conventional ones, improvement in seed replacement rate (SRR), and increase in demand for various crops in emerging economies are factors anticipated to provide opportunities for market expansion. quote

Shankar Bhandalkar
Sr. Research Analyst, Food & Beverages at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, Seed Market by Type, Crop, Availability, Seed Treatment, and Seed Trait: Global Opportunity Analysis and Industry Forecast, 2017-2023 the seed market was valued at $54,469 million in 2016, and is projected to reach at $68,711 million by 2023, growing at a CAGR of 3.4% from 2017 to 2023. The field crops segment was dominant in 2016, accounting for more than half of the seed market share, in terms of volume. 

A small embryonic plant enclosed within a protective covering is known as seed. Seed serves various functions for plants such as nourishment of the embryo, dispersal to a new location, and dormancy during unfavorable conditions. Timely availability of high-quality seeds in appropriate quantity determines the strength and health of agricultural economy. Sophistication of seed technologies such as seed pelleting, rise in usage of biofuels & animal feed, and increasingly accommodative regulatory stance are major factors that drive the market growth. Global population is estimated to reach 9 billion by 2050, and is expected to require twice the food, which could be produced from constant land area. More production is anticipated to be accomplished from less land only by using the combination of quality seeds, quality inputs, and enhancing farm practices.

The genetically modified (GM) seed segment is anticipated to grow at a high CAGR during the seed market forecast period. Crops produced using genetically modified (GM) seeds are of enhanced quality and contain additional amount of nutrients in them.

In 2016, the field crops segment accounted for more than half of the market, in terms of volume. Rise in seed replacement rate in cultivation areas, ongoing R&D activities by seed manufacturers, and intensive agricultural practices utilized by farmers to increase crop yield & productivity are the major factors that drive the growth of field crops segments across the globe.

The commercial seeds segment is projected to grow at a significant CAGR during the forecast period. Expanding global population is anticipated to escalate the demand for commercial seeds across the globe. Decline in global arable land acts as a driver for commercial seeds segment, as these seeds yield higher output.

Treated seeds accounted for the maximum share, in terms of both volume and revenue, in 2016, as these seeds save post sowing cost of spraying and make crops tolerant to various soil-borne and other diseases. Furthermore, treated seeds assist to increase the productivity and provide benefits to farmers in terms of cost.

Key Findings of the Seed Market:

  • North America is expected to lead the market during the forecast period, followed by Asia-Pacific region.
  • The fruit & vegetable crops segment is expected to show highest growth rate in global market by crop, registering a CAGR of 3.5% from 2017 to 2023.
  • The treated seeds segment registered the highest growth rate, in terms of volume, in 2016.
  • In the year 2016, South Africa accounted for 5.0% share, in the LAMEA market in terms of volume.
  • UK accounted for 9.9% share, in terms of revenue, in the European seed market, in 2016.
  • India is expected to grow at the highest CAGR of 4.4% during the forecast period.

North America an Asia-Pacific collectively accounted for more than half of the share to the global market revenue, in 2016. In the same year, North America dominated the market, owing to the increase in demand for enhanced agricultural products.

The prominent market players profiled in the seed industry include Advanta Limited (India), Bayer CropScience AG (Germany), DLF Seeds A/S (Denmark), DOW Agrosciences LLC (U.S.), E.I Du Pont De Nemours and Company (U.S.), Groupe Limagrain Holding SA (France), KWS AG (Germany), Land O' Lakes, Inc. (U.S.), Sakata Seed Corporation (Japan), and Syngenta AG (Switzerland).

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975



For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Seed Market by Type (GM Seed and Conventional Seed), Crop (Field Crops (Cotton, Corn, Rice, Wheat, Millet, Sunflower, and Sorghum) and Fruit & Vegetable Crops (Tomato, Okra, Chilli, Melon, Gourds, Cabbage, Cauliflower, Cucumber, and Others)), Availability (Commercial Seeds and Saved Seeds), and Seed Treatment (Treated and Untreated), and Seed Trait (Herbicide Tolerant, Insecticide Resistant, and Other Stacked Traits): Global Opportunity Analysis and Industry Forecast, 2017–2023 quote

View Report
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.


Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Seed Market"
Purchase Enquiry