The seed market 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. Seed is a small embryonic plant enclosed within a covering known as seed coat. Seed formation completes reproduction process in plants with the development of the embryo from zygote and seed coat from ovule integuments. Seed serves numerous functions for plants such as nourishment of the embryo, dormancy during unfavorable conditions, and dispersal to a new location. Larger food reserves present in the seed helps the seed grow faster as compared to sporeling from a spore. Hybridization, molecular marker-assisted breeding, and gene insertion technologies are some of the agricultural market developments, which are expected to boost the growth of the seed market.
Necessity to increase food production, sophistication of seed technologies such as seed pelleting & seed coating, new product offerings, and growth in usage of biofuels & animal feed are the major factors that drive the market growth globally. In addition, modernization of agriculture and increase in land reclamation for agricultural purposes supplement the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to growth in population and rise in demand for new and enhanced agricultural products. Introduction of special schemes to increase productivity in the region resulted in surge in usage of quality seeds that provide high yield. Market liberalization to ensure proper availability of high-quality and high-yielding seeds to Indian farmers and flexibility of norms while exporting products to overseas play a crucial role in growth and development of the market. However, extensive research and prolonged approval time involved in the development of enhanced seed varieties with novel traits and lower acceptance of GM crops in various countries limit the market growth. Technological innovation and diversified demand for various crops in developing economies are anticipated to provide lucrative opportunities for market expansion.
The seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and geography. According to type, the seed market is divided into genetically modified (GM) seed and conventional seed. On the basis of crop, it is classified into field crops and fruits & vegetable crops. The field crops segment is further categorized into cotton, corn, rice, wheat, millet, sunflower, and sorghum. The fruits & vegetable crops segment is subsegmented into tomato, okra, chili, melon, gourds, cabbage, cauliflower, cucumber, and others (eggplant, pumpkin, radish, and carrot). On the basis of availability, the market is bifurcated 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. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
Key leading players operating in this market include 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.
Necessity to increase food production, sophistication of seed technologies such as seed pelleting & seed coating, new product offerings, and growth in usage of biofuels & animal feed are the major factors that drive the market growth globally. In addition, modernization of agriculture and increase in land reclamation for agricultural purposes supplement the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to growth in population and rise in demand for new and enhanced agricultural products. Introduction of special schemes to increase productivity in the region resulted in surge in usage of quality seeds that provide high yield. Market liberalization to ensure proper availability of high-quality and high-yielding seeds to Indian farmers and flexibility of norms while exporting products to overseas play a crucial role in growth and development of the market. However, extensive research and prolonged approval time involved in the development of enhanced seed varieties with novel traits and lower acceptance of GM crops in various countries limit the market growth. Technological innovation and diversified demand for various crops in developing economies are anticipated to provide lucrative opportunities for market expansion.
The seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and geography. According to type, the seed market is divided into genetically modified (GM) seed and conventional seed. On the basis of crop, it is classified into field crops and fruits & vegetable crops. The field crops segment is further categorized into cotton, corn, rice, wheat, millet, sunflower, and sorghum. The fruits & vegetable crops segment is subsegmented into tomato, okra, chili, melon, gourds, cabbage, cauliflower, cucumber, and others (eggplant, pumpkin, radish, and carrot). On the basis of availability, the market is bifurcated 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. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
Key leading players operating in this market include 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.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current trends and emerging estimations in the global seed market
- In-depth analysis of the industry is conducted through market estimations of key segments from 2022 to 2031
- Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework
- The key players are profiled along with their strategies to determine the competitive outlook of the market
KEY MARKET SEGMENTS
By Type
- Genetically Modified (GM) Seed
- Conventional Seed
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)
By Availability
- Commercial Seeds
- Saved Seeds
By Seed Treatment
- Treated
- Untreated
By Seed Trait
- Herbicide Tolerant
- Insecticide Resistant
- Other Stacked Traits
By Geography
- North America
- US
- 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
KEY PLAYERS
- 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
- Takii & Co Ltd
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Seed Market, by Type
Chapter 5: Seed Market, by Crop
Chapter 6: Seed Market, by Availability
Chapter 7: Seed Market, by Seed Treatment
Chapter 8: Seed Market, by Seed Trait
Chapter 9: Seed Market, by Region
Chapter 10: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Seed Market by Type, Crop, Availability, Seed Treatment, and Seed Trait: Global Opportunity Analysis and Industry Forecast, 2022–2031,” 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. The field crops segment was dominant in 2020, 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 a 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 seed market industry growth. Global population is estimated to reach 9 billion by 2050, and is expected to require twice the food, which is predicted to 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 seed market is segmented on the basis of type, crop, availability, seed treatment, seed trait, and geography. By type, the 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 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 market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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 2020, 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.
The treated seeds segment accounted for the maximum share, in terms of both volume and revenue, in 2020, 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 Study
- Asia-Pacific is expected to lead the market during the forecast period, followed by the LAMEA region
- The fruit & vegetable crops segment dominated the market in the year 2020
- The treated seeds segment registered the highest growth rate, in terms of volume, in 2020
- On the basis of seed traits, the other stacked traits segment dominated the market in the year 2020
- On the basis of availability, the commercial seeds segment is expected to have the highest CAGR during the forecast period
- By type, the GM seeds segment is expected to have the fastest growth rate during the forecast period
- North America and Asia-Pacific collectively, accounted for more than half of the seed market Trends to the global seed market revenue, in 2020 In the same year, Asia-Pacific dominated the market, owing to the increase in demand for enhanced agricultural products
The prominent market players included in seed market analysis are 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).
Companies Mentioned
- 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
- Syngenta AG.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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