According to the report, the global seeds market attained a value of USD 73948.4 million in 2022. Aided by the increasing global population and the growing demand for food security, the market is projected to further grow at a CAGR of 7.4% between 2023 and 2028 to reach a value of USD 112681.63 million by 2028.
Seeds are the primary input in agricultural production, as they form the basis of crop cultivation. The market encompasses a wide range of seeds, including conventional seeds and genetically modified (GM) seeds, catering to various crops such as cereals, oilseeds, fruits and vegetables, and others. The growth of the seeds market is primarily driven by the increasing global population and the rising demand for food security.
Another key driver of the market for seeds is the growing application of genetically modified (GM) seeds. The advancements in seed technology and breeding techniques have also played a vital role in the growth of the seeds market. New breeding techniques, such as marker-assisted selection (MAS) and genome editing, have enabled the development of seeds with improved traits, such as resistance to biotic and abiotic stress, higher nutritional content, and better adaptability to diverse climatic conditions. These advancements have contributed to the increased demand for high-quality seeds in the global market.
The growth of the global seeds market is further supported by the increasing investments in research and development by both public and private sectors. R&D efforts are focused on the development of seeds with improved agronomic traits, such as higher yield potential, better stress tolerance, and enhanced nutritional content. Moreover, growing collaborations between research institutions, governments, and private seed companies have facilitated the sharing of knowledge and resources, thereby accelerating the development and commercialisation of new seed varieties.
Additionally, the growing awareness among farmers regarding the benefits of using high-quality seeds has also contributed to the growth of the seeds market. Farmers are increasingly adopting modern agricultural practices and utilising high-quality seeds to improve crop productivity and meet the growing demand for food. Government initiatives and extension services aimed at promoting the use of high-quality seeds have further encouraged farmers to adopt improved seed varieties, thereby fuelling the growth of the seeds market.
Seeds are the primary input in agricultural production, as they form the basis of crop cultivation. The market encompasses a wide range of seeds, including conventional seeds and genetically modified (GM) seeds, catering to various crops such as cereals, oilseeds, fruits and vegetables, and others. The growth of the seeds market is primarily driven by the increasing global population and the rising demand for food security.
Another key driver of the market for seeds is the growing application of genetically modified (GM) seeds. The advancements in seed technology and breeding techniques have also played a vital role in the growth of the seeds market. New breeding techniques, such as marker-assisted selection (MAS) and genome editing, have enabled the development of seeds with improved traits, such as resistance to biotic and abiotic stress, higher nutritional content, and better adaptability to diverse climatic conditions. These advancements have contributed to the increased demand for high-quality seeds in the global market.
The growth of the global seeds market is further supported by the increasing investments in research and development by both public and private sectors. R&D efforts are focused on the development of seeds with improved agronomic traits, such as higher yield potential, better stress tolerance, and enhanced nutritional content. Moreover, growing collaborations between research institutions, governments, and private seed companies have facilitated the sharing of knowledge and resources, thereby accelerating the development and commercialisation of new seed varieties.
Additionally, the growing awareness among farmers regarding the benefits of using high-quality seeds has also contributed to the growth of the seeds market. Farmers are increasingly adopting modern agricultural practices and utilising high-quality seeds to improve crop productivity and meet the growing demand for food. Government initiatives and extension services aimed at promoting the use of high-quality seeds have further encouraged farmers to adopt improved seed varieties, thereby fuelling the growth of the seeds market.
Market Segmentation
The market can be divided on the basis of crop type, seed type, seed trait, seed treatment, seed availability, and region.Market Segmentation by Crop Type:
Oilseeds
Breakup by Type
- Soybean
- Sunflower
- Cotton
- Canola/RapeSeeds
Cereals and Grains
Breakup by Type
- Corn
- Wheat
- Rice
- Sorghum
Fruits and Vegetables
Breakup by Type
- Tomatoes
- Melons
- Brassica
- Pepper
- Lettuce
- Onion
- Carrot
Others
Breakup by Type
- Alfalfa
- Clovers and Other Forage
- Flower Seeds
- Turf Grasses
Market Bifurcation by Seed Type:
- Genetically Modified Seeds
- Conventional Seeds
Market Segregation by Seed Traits:
- Herbicide-Tolerant
- Insecticide-Resistant
- Others
Market Division by Seed Treatment:
- Treated
- Non-Treated
Market Classification by Seed Availability:
- Commercial Seeds
- Saved Seeds
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global seeds companies. Some of the major key players explored in the report are as follows:- Bayer AG
- Syngenta Group Co., Ltd
- Groupe Limagrain Holding
- Corteva, Inc
- Sakata Seeds Corporation
- Rallis India Limited
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Seeds Market Analysis
9 North America Seeds Market Analysis
10 Europe Seeds Market Analysis
11 Asia Pacific Seeds Market Analysis
12 Latin America Seeds Market Analysis
13 Middle East and Africa Seeds Market Analysis
14 Market Dynamics
16 Competitive Landscape
Companies Mentioned
- Bayer AG
- Syngenta Group Co., Ltd.
- Groupe Limagrain Holding
- Corteva, Inc
- Sakata Seeds Corporation
- Rallis India Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 78976.9 Million |
| Forecasted Market Value ( USD | $ 112681.63 Million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
