The Southeast Asia Vegetable Seed Market is projected to register a CAGR of 4.73%
- Largest Segment by Crop Family - Solanaceae: The largest share of the Solanaceae segment is due to the increased area under cultivation of tomato, chili, and eggplant in the region with the high seed replacement rate.
- Largest Segment by Country - Indonesia: The largest share of Indonesia is due to the comparatively higher area under vegetable crops in the region followed by high usage of hybrids and a high seed replacement rate.
- Fastest-growing Segment by Crop Family - Cucurbits: The fastest growth of the segment is due to an increase in the consumption of salad, short duration of the crops, high export demand, and suitable for protected cultivation.
- Fastest-growing Segment by Country - Myanmar: It is the fastest growing segment due to an increase in the area under cultivation which is associated with the surge in the vegetable demand and higher adoption of hybrids.
Key Market Trends
Hybrids is the largest segment by Breeding Technology.
- In Southeast Asian breeding technology, hybrid and open-pollinated varieties & hybrid derivatives are two major technologies in the region where hybrid seeds dominate the vegetable seed market by holding a share of 26.58% in 2021 in terms of value.
- Hybrids have a higher share due to higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. For instance, in Solanaceae, hybrids give 50% more yield than conventional varieties. Hybrids' wider adaptability is mainly due to their high buffering capacity to environmental fluctuations.
- Thailand and Vietnam account for 69.34% and 47.15% of the hybrid vegetables open-field varieties market share in terms of value. Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, and are less expensive and more affordable for low-income farmers. These factors boost the market in the region.
- Similarly, the open-pollinated varieties and hybrid derivatives held a market share of 11.41% in terms of value in the year 2021. The low share is mainly due to a preference for high-yielding and disease-resistant hybrids.
- In 2021, the hybrid seed adoption rate was higher than open-pollinated seed varieties in Vietnam. The hybrids accounted for 73.8% of the market share in terms of value because of the advantages such as high yield, low seed rate, disease resistance, and early maturity. Therefore, the demand for hybrid seeds is expected to increase in the country during the forecast period.
- Therefore, with increasing food demand, and the implementation of commercial hybrid varieties, hybrid breeding technology will dominate the market in the forecast period.
Indonesia is the largest segment by Country.
- In Southeast Asia, the Philippines dominates the vegetable seed market by accounting for 50% of the market share in terms of value, followed by Thailand, Vietnam, Myanmar, and Indonesia.
- The Seed Association of Thailand (SAT) plays a significant role in developing the Thai seed industry. Enhancing the seed export potential (mainly for vegetables) and providing Thai farmers with quality seeds are the main strategies that have been adopted to achieve this aim. Therefore, it will help in increasing the commercial seeds in Thailand and increasing the demand for seeds during the forecasted period.
- The Philippines' pumpkin and squash seed segment is the largest segment accounting for 15.5%. In 2021, to help increase the commercialization and production of vegetables, the Department of Agriculture in the Philippines portions of ancestral lands were being transformed into food production. The National Commission on Indigenous Peoples is encouraging the growth of Indigenous Peoples' vegetables, such as pumpkin and squash.
- Disease-resistant traits are increasingly being adopted in the region for vegetables because of the significant yield loss caused by foliar diseases such as downy mildew, white speck, gummy stem blight, and anthracnose. Therefore, the seed market for vegetables is growing in the region as a result of the use of enhanced varieties with high-yielding potential.
- Therefore, factors such as the govt. measures, increasing production and population, growing awareness about the health benefits of raw vegetables, and the demand from the processing industry are anticipated to boost the vegetable seeds segment in the forecast period.
Competitive LandscapeThe Southeast Asia Vegetable Seed Market is fragmented, with the top five companies occupying 20.87%. The major players in this market are Bayer AG, East-West Seed, Groupe Limagrain, Rijk Zwaan Zaadteelt en Zaadhandel B.V. and Syngenta Group (sorted alphabetically).
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Area Under Cultivation
4.2 Most Popular Traits
4.3 Regulatory Framework
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION
5.1 Breeding Technology
5.1.2 Open Pollinated Varieties & Hybrid Derivatives
5.2 Cultivation Mechanism
5.2.1 Open Field
5.2.2 Protected Cultivation
5.3 Crop Family
126.96.36.199 Cauliflower & Broccoli
188.8.131.52 Other Brassicas
184.108.40.206 Cucumber & Gherkin
220.127.116.11 Pumpkin & Squash
18.104.22.168 Other Cucurbits
5.3.3 Roots & Bulbs
22.214.171.124 Other Roots & Bulbs
126.96.36.199 Other Solanaceae
5.3.5 Unclassified Vegetables
188.8.131.52 Other Unclassified Vegetables
5.4.6 Rest Of South East Asia
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 Bayer AG
6.4.3 Bejo Zaden B.V.
6.4.4 Charoen Pokphand Group (C.P. Group)
6.4.5 East-West Seed
6.4.6 Enza Zaden
6.4.7 Groupe Limagrain
6.4.8 Known You Seed Co., LTD
6.4.9 Rijk Zwaan Zaadteelt en Zaadhandel B.V.
6.4.10 Syngenta Group
7 KEY STRATEGIC QUESTIONS FOR SEEDS CEOS
8.1 Global Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Global Market Size and DROs
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
A selection of companies mentioned in this report includes:
- BASF SE
- Bayer AG
- Bejo Zaden B.V.
- Charoen Pokphand Group (C.P. Group)
- East-West Seed
- Enza Zaden
- Groupe Limagrain
- Known You Seed Co., LTD
- Rijk Zwaan Zaadteelt en Zaadhandel B.V.
- Syngenta Group