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Bangladesh Seed Sector Analysis - Growth, Trends and Forecasts (2020 - 2025)

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  • 89 Pages
  • August 2020
  • Region: Bangladesh
  • Mordor Intelligence
  • ID: 5011841
The Bangladeshi seed sector is expected to register a CAGR of 5.8% during the forecast period, 2020-2025. Bangladesh being dense in population, highly depends on the agricultural for Food Security and Employment services. According to the FAO, Bangladesh ranks top in Vegetable production worldwide. The seed industry of Bangladesh comprises of both the Public and Private sectors. Bangladesh AgriculturalDevelopment Corporation (BADC), Bangladesh Agricultural Research Institute(BARI), Bangladesh Rice Research Institute (BRRI), Bangladesh Jute Research Institute (BJRI) and Department of Agricultural Extension (DAE) are some of the government agencies who are responsible for the production and supply of the commercial seeds in the market.

Rice, wheat, and maize are the country’s major cereal crops, and the annual seed demand for each of these three crops is about 313.96, 72.00 and 3.30 thousand MTs, respectively. Though the public sector dominates in the self-pollinating seed crops like rice and wheat, Private players play a major role in supplying the other seeds like Maize and other hybrid seeds.

Key Market Trends

Yield Lag in Self-pollinated Crop (Rice and Wheat) to Meet the Demand

Rice and wheat are some of the major crops cultivated in Bangladesh, and with the increase in population every year, it is mandatory for them to cope with the growth to meet the demand and supply. It has been evident that the yield progress of Wheat and Rice was comparatively lower than expected when compared to that of the Maize crop during 2016 and hence Private players were pushed to invest in high yielding Rice and wheat seeds to address the food security concerns by Bangladesh government.

Demand for Hybrid Seeds

Maize, unlike rice and wheat, is a non-noticeable crop and hence easier for the private players to enter into the Maize market. Based on the forecast it is seen that 90% of the hybrid maize seed are being imported from India into Bangladesh. Hence the private players can utilize the third party R&D facility as per the government policy to figure out the production of In-house hybrid maize seeds. Also, the private players entering the market owing to their own R&D facility is also another added advantage to pierce into the Hybrid seed market.

Competitive Landscape

The overall Bangladeshi seed market is fragmented because of the presence of local players marketing certified commercial seeds. However, there are two major segments as Public and private seed Manufacturers and suppliers. The major players in the seed market of Bangladesh are BRAC Seed and Agro Enterprise, Lal Teer Seed, Advanta Seeds Pty Ltd, Bayer crop science and Bioseed.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Product
5.1.1 Transgenic Hybrids
5.1.2 Non-transgenic Hybrids
5.1.3 Open-pollinated Varieties
5.2 Crop Type
5.2.1 Grains and Cereals Maize Rice Wheat Wheat Other Grains and Cereals
5.2.2 Pulses and Oilseeds Soybean Sunflower Canola Pulses Other Oilseeds
5.2.3 Cotton and Vegetables Solanaceae Cucurbit Roots and Bulbs Brassica Other Vegetables
5.2.4 Other Crops
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Advanta
6.3.2 Bayer crop science
6.3.3 Bioseed
6.3.4 BRAC Seed and Agro Enterprise
6.3.5 Lal Teer Seed
6.3.6 Supreme Seed Company
6.3.7 Giant Agro processing Ltd
6.3.8 Malik Seeds
6.3.9 GETCO Agro vision Ltd
6.3.10 Konika seed company Pvt Ltd

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanta
  • Bayer crop science
  • Bioseed
  • BRAC Seed and Agro Enterprise
  • Lal Teer Seed
  • Supreme Seed Company
  • Giant Agro processing Ltd
  • Malik Seeds
  • GETCO Agro vision Ltd
  • Konika seed company Pvt Ltd