The Asia-Pacific seed market is expected to regsiter a CAGR of 8.1% during the forecast period, 2020 -2025. The Asia-Pacific region is geographically segmented into China, India, Japan, and Australia. China and India are the most populous countries in the region and contribute to the increased demand in the area. The presence of some of the major players makes the Asia-Pacific region the fastest-growing market.
Favorable climatic conditions, increased demand for seeds from the neighboring countries, and the adaptation of technology to meet the demand are some of the factors driving the seed market in the region. GM approvals and regulations, advancements in the technologies involved in the R&D, and increased usage of GM seeds are some of the notable constraints for the seed market in the region.
Key Market Trends
Increased Export Opportunity for Fruit and Vegetable Seeds in India
The seed industry has a high influence within the economy, in terms of income and employment generation. Several private firms with multinational bases are effectively involved in the seed production sector of India. Varied agro-climatic condition, growth of arable land for cultivation, cheap labor availability along with liberalized Indian government policies are driving the growth of the seed market in India.
As per the APEDA data, India exports its fruit and vegetable seeds to countries, like the Netherlands, the United States, Pakistan, Bangladesh, Thailand, Japan, Singapore, and Israel. Among these countries, the Netherlands, the United States, and Bangladesh are the major importers of Indian fruit and vegetable seeds. The export of fruit and vegetables seed from India increased from 10494 MTs to 10564 MTs during 2018-2020.
Increased demand in Industrial treated seeds
Seed treatment is majorly practiced across Asia-Pacific to produce pest and disease-free seeds to maximize the yield with the ability to provide protection against pests and diseases during germination and for the whole crop cycle. To meet this growing emphasis on the quality of seeds, major players in the region are taking initiatives by providing various new seed treatment products. In 2019, Bayer CropScience introduced a new fungicide for seed treatment against crown rot disease. BASF in 2018 has opened its new research center to innovate its seed treatment solutions. Though seed treatment can be done at the farm level, there are certain limitations to it. A small mixing error made by the farmer would change the potential seeds into a dormant seed which would lead to loss of investment by the farmer.
High price volatility and unpredictable climatic conditions have led the farmers to prefer treated seeds over the untreated seeds. Hence, these dominant players in the market are strengthening their product portfolio to meet the demand and concerns of the farmers which are leading to the development and growth of the seed market in the region.
The Asia-Pacific seed market is consolidated with several small-, medium-, and large-scale companies and some of the notable players, like Monsanto, DuPont (Pioneer), Syngenta, Groupe Limagrain, Land ‘O Lakes, KWS AG, Bayer Crop Science, Sakata, Takii, DLF-Trifolium, Advanta, and Bioseed, are discussed in the analysis. These companies are highly focusing on developing new varieties of seed that addresses the concerns evolved during the period. Few of the sustainability strategy that focuses on improving small scale farmers access to seeds along with properly planned financial support to develop different varieties to meet farmer needs provides the significant market share for the players implemented with such in the seed sector of the region.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
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
5.1.1 GM Seeds
5.1.2 Non-GM/Hybrid Seeds
5.1.3 Varietal Seeds
5.2.1 Grains and Cereals
18.104.22.168 Other Grains and Cereals
22.214.171.124 Other Oilseeds
5.2.5 Other Crops
126.96.36.199 Rest of Asia-Pacific
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Bayer AG
6.3.2 DuPont (Pioneer)
6.3.4 Groupe Limagrain
6.3.5 Land ‘O Lakes
6.3.6 KWS AG
6.3.7 Bayer Crop Science