Global Seed Market, By Product (Transgenic Hybrids, Non-Transgenic Hybrids, and Open-Pollinated Varieties), Crop (Grains and Cereals, Pulses and Oilseeds, Cotton, Fruits and Vegetables, and Other Crops), Availability (Commercial Seeds, Saved Seeds), Type (Conventional Seeds, Genetically Modified Seeds), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the seed market will project a compound annual growth rate (CAGR) of 7.80% during the forecast period of 2022-2029.
Seeds are embryonic plants with a protective layer that serve as the parent plant's unit of reproduction. They feed a variety of animal species and are an important part of the agricultural process. Seed's importance in the agriculture business has grown considerably in recent decades as a result of technological advancements and the consequent release of improved seed variants.
The rise in the adoption rate of biotech crops will emerge as the major factor fostering the growth of the seed market. Also, increase in the seed replacement rate, rising utilization of oil seed by animal feed manufacturers and growing demand from biofuel industry will influence the growth rate of seed market. Other factors such as major shift in farming practices and high growth in the demand for protein meals will cushion the growth of market.
Moreover, the increase in demand for healthy as well as organic processed food and advent of new technologies showing potential benefits over conventional ones will further create lucrative and remunerative growth opportunities for the seed market.
However, commercialization of fake hybrid seeds and counterfeit products and high cost of seed due to the high R&D expenses on quality seed advancement are the major factors that will challenge to the growth of the market. Also, variability in the prices of oil seeds, impact of climate change on crop production and low yield of crops in under irrigated areas will further derail the seed market growth rate.
This seed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on seed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Seed Market Scope and Market Size
The seed market is segmented on the basis of product, crop, availability and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the seed market is segmented into transgenic hybrids, non-transgenic hybrids and open-pollinated varieties. Transgenic hybrids segment is further sub-segmented into insect resistant hybrids, herbicide tolerant hybrids.
- On the basis of crop, the seed market is segmented into grains and cereals, pulses and oilseeds, cotton, fruits and vegetables and other crops. Grains and cereals segment is further sub-segmented into maize, rice, wheat, sorghum and other grains and cereals. Pulses and oilseeds segment is further sub-segmented into soybean, sunflower, canola and other seeds. Fruits and vegetables segment is further sub-segmented as cucurbits, roots and bulbs, brassicas, solanaceae, leafy vegetables and other fruits and vegetables. Other crops segment is further sub-segmented into alfalfa, flower seeds, turf grasses and other crops.
- On the basis of availability, the seed market is segmented into commercial seeds, and saved seeds.
- The seed market is also segmented on the basis of type into conventional seeds and genetically modified seeds.
Seed Market Country Level Analysis
The global seed market is analyses and market size, volume information is provided by country, product, crop, availability and type as referenced above.
The countries covered in the seed market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the seed market and will continue to flourish its trend of dominance during the forecast period owing to the rising demand of agricultural products in this region. Asia-Pacific is expected to score the highest CAGR due to the increasing urbanization and rise in the development of agricultural sector.
The country section of the seed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Seed Market Share Analysis
The seed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to seed market.
Some of the major players operating in the seed market are Bayer AG, Syngenta Crop Protection AG, Corteva., Limagrain, KWS SAAT SE & Co. KGaA, East-West Seed, Land O'Lakes, Inc., and Enza Zaden Global, among others.