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2022

Seed Market

Seed Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (GM Seed and Conventional Seed), Crop (Field Crops and Fruit & Vegetable Crops), 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, 2022-2031

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Author's: Samriddhi Chauhan | Roshan Deshmukh
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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 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. Timely availability of quality seeds in adequate quantity decides the health and strength of an agricultural economy.

Quality seeds suitable to 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.

Seeds-Market

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.

Seed Market
By Seed Treatment
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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.

Seed Market
By Seed Trait
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The Other Stacked Traits segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.

The seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and geography. By type, the seed 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 seed 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. Geographically, the seed market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Seed Market
By Type
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The Genetically Modified Seed segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.

On the basis of region, Asia-Pacific dominated the market. In addition, India accounted for the highest seed market share in the Asia-Pacific seed market in 2020, owing to increase in demand for fruit & vegetable crops. However, LAMEA accounted for the highest CAGR during the seed market forecast period.

Seed Market
By Crop
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The fruits & vegetable crops segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.

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.

Seed Market
By Availability
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TheSaved Seeds segment dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.

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.

Seed Market
By Region
2031
Asia-pacific 
North America
Europe
LAMEA

The Asia-Pacific region dominates the global Seeds market and is expected to retain its dominance throughout the forecast period.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the seed market trends, estimations, and dynamics of the seeds market size from 2020 to 2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing seed market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the seed market.
  • The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the seed market.

Seed Market Report Highlights

Aspects Details
Seed Market By Type
By Type
  • Genetically Modified (GM) Seed
  • Conventional Seed
Seed Market By Crop
By Crop
  • Field Crops
    • Cotton
    • Corn
    • Rice
    • Wheat
    • Millet
    • Sunflower
    • Sorghum
  • Fruit & Vegetable Crops
    • Tomato
    • Okra
    • Chili
    • Melon
    • Gourds
    • Cabbage
    • Cauliflower
    • Cucumber
    • Others (Eggplant, Pumpkin, Radish and Carrot)
Seed Market By Availability
By Availability
  • Commercial Seeds
  • Saved Seeds
Seed Market By Seed Treatment
By Seed Treatment
  • Treated
  • Untreated
Seed Market By Seed Trait
By Seed Trait
  • Herbicide Tolerant
  • Insecticide Resistant
  • Other Stacked Traits
Seed Market By Geography
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Turkey
    • Rest of LAMEA

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.

Author Name(s) : Samriddhi Chauhan | Roshan Deshmukh
Frequently Asked Questions?

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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Seed Market

Global Opportunity Analysis and Industry Forecast, 2022-2031