Seed Market Synopsis

Seed Market Size Was Valued at USD 79.61 Billion in 2023, and is Projected to Reach USD 126.71 Billion by 2032, Growing at a CAGR of 5.30% From 2024-2032.

A seed is the reproductive unit of a flowering plant which contains an embryo, food source, and protective seed coat. It is also the starting point for growing crops.

• Seeds have many health advantages, like lowering cholesterol levels and having omega-3 fatty acids, which benefit heart health. They help with weight control through their high fiber content and support digestive health by encouraging regular bowel movements.
• Seeds also assist in controlling blood sugar levels, increasing essential nutrient intake, maintaining bone health with calcium, and enhancing skin health with antioxidants. Furthermore, seeds improve brain function with omega-3 fatty acids and aid in muscle maintenance and growth with protein.
• They are economical and adaptable, easily added to different dishes for a budget-friendly method to enhance nutrition. In general, seeds are a beneficial supplement to a nutritious diet with numerous benefits for total health.

Seed Market Trend Analysis

Technology Advancements in Agriculture

• Technology advancements in agriculture have emerged as the driving force behind the growth of the seed market. Innovations such as precision farming, genetic engineering, and data analytics have revolutionized the way farmers approach cultivation. These technologies enhance crop yield, improve resource efficiency, and contribute to sustainable farming practices.
• Precision farming techniques, including GPS-guided tractors and drones, enable farmers to optimize planting, irrigation, and harvesting, leading to increased productivity. Genetic engineering has played a pivotal role in developing genetically modified (GM) seeds with enhanced traits such as resistance to pests, diseases, and adverse weather conditions. This has significantly bolstered crop resilience and yields.
• Data analytics and smart farming technologies provide farmers with valuable insights into crop management, helping them make informed decisions for better outcomes. The integration of these technologies has not only increased efficiency but also reduced environmental impact by minimizing the use of water, pesticides, and fertilizers.

Increased Demand for Sustainable Agriculture can create an Opportunity for Seed Market

• The increasing global population and rising demand for food necessitate higher agricultural productivity, creating a growing market for improved and genetically enhanced seeds. Climate change challenges further underscore the need for resilient and adaptive seed varieties that can thrive in diverse environmental conditions.
• Moreover, advancements in biotechnology have spurred the development of genetically modified seeds, enhancing crop yields and resistance to pests and diseases. This innovation opens avenues for market expansion, especially in regions grappling with food security issues.
• The trend towards sustainable agriculture has also boosted demand for organic and non-GMO seeds, catering to environmentally conscious consumers. This shift aligns with a growing awareness of the importance of biodiversity and ecological balance in farming practices.

Seed Market Segment Analysis:

Seed Market Segmented on the basis of Trait, Type, Crop Type, and Seed Treatment.

By Trait, Herbicide-tolerance (HT) segment is expected to dominate the market during the forecast period

• The Herbicide-tolerance (HT) trait has emerged as a dominant force in the seed market, significantly influencing agricultural practices and crop production. This trait, often integrated into genetically modified (GM) seeds, provides plants with the ability to withstand the application of specific herbicides, allowing for efficient weed control without causing harm to the cultivated crops.
• Farmers increasingly recognize the economic and practical benefits of Herbicide-tolerant seeds. By adopting these seeds, they can employ herbicides to manage weed competition, leading to higher yields and reduced labor costs. The HT trait simplifies weed management strategies, streamlining the farming process and contributing to more sustainable and environmentally friendly agricultural practices.

 By Type, genetically modified segment held the largest share of 69% in 2022

• The genetically modified (GM) segment is poised to assert its dominance in the seed market, signaling a transformative shift in agricultural practices and food production. This trend is underpinned by the continuous advancements in biotechnology, allowing scientists to engineer seeds with desirable traits such as resistance to pests, diseases, and environmental stressors.
• GM seeds offer a range of benefits that appeal to farmers globally. Enhanced crop yields, improved nutritional profiles, and increased resistance to adverse conditions contribute to their popularity. These seeds are designed to address specific challenges faced by farmers, fostering sustainable agriculture and food security.

Seed Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is poised to assert its dominance in the seed market, reflecting a confluence of factors that position it as a key player in global agriculture. With a vast and diverse landscape, encompassing countries such as China, India, Japan, and Australia, the region exhibits a wide range of agro-climatic conditions suitable for various crops.
• Rapid population growth and urbanization in Asia Pacific have driven an increased demand for food, necessitating advancements in agricultural practices. The adoption of modern farming techniques, including genetically modified seeds and precision agriculture, has become crucial for enhancing crop yield and quality. This shift towards technology-driven agriculture has propelled the seed market's growth, with Asia Pacific at the forefront of innovation and implementation.

Seed Market Top Key Players:

• Land O’ Lakes (US)
• FMC Corporation (US)
• Corteva Agriscience (US)
• BASF SE (Germany)
• Bayer AG (Germany)
• KWS SAAT SE (Germany)
• Groupe Limagrain (France)
• Enza Zaden (The Netherlands)
• Barenbrug Holding B.V (Netherlands)
• Syngenta Group (Switzerland)
• Sakata Seed Corporation (Japan)
• Takii & Co. Ltd (Japan)
• UPL Limited (India)
• Longping Hi-tech (China)
• Rallis India Limited (India)
• DLF (Denmark)

Key Industry Developments in the Seed Market:

• In March 2024, CIC Seeds from Sri Lanka launched 5 new hybrid vegetable seeds to increase productivity and decrease the need for importing seeds. The seed industry in Sri Lanka heavily relies on imports, costing over USD 25 million annually, prompting the government to incentivize private sector involvement. CIC Seeds collaborated with the Department of Agriculture to become the first corporate entity in the country to invest in local seed production.
• In April 2023, The Union Agriculture Minister in India introduced the Seed Traceability portal and mobile app, known as SATHI. The portal aims to revolutionize the Agriculture sector by providing a centralized online system for seed traceability, authentication, and inventory management. Developed by the NIC in collaboration with the Ministry of Agriculture, the 'Uttam Beej - Samriddh Kisan' theme guides this initiative.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. SEED MARKET BY TRAIT (2017-2032)
   1. SEED MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HERBICIDE TOLERANCE (HT)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. INSECT RESISTANCE (IR)
7. SEED MARKET BY TYPE (2017-2032)
   1. SEED MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. GENETICALLY MODIFIED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONVENTIONAL
8. SEED MARKET BY CROP TYPE (2017-2032)
   1. SEED MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CEREALS & GRAINS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. OILSEEDS & PULSES
   5. FRUITS & VEGETABLES
9. SEED MARKET BY SEED TREATMENT (2017-2032)
   1. SEED MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. TREATED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. NON-TREATED
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. SEED Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. LAND O’ LAKES (US)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. FMC CORPORATION (US)
    4. CORTEVA AGRISCIENCE (US)
    5. BASF SE (GERMANY)
    6. BAYER AG (GERMANY)
    7. KWS SAAT SE (GERMANY)
    8. GROUPE LIMAGRAIN (FRANCE)
    9. ENZA ZADEN (THE NETHERLANDS)
    10. BARENBRUG HOLDING B.V (NETHERLANDS)
    11. SYNGENTA GROUP (SWITZERLAND)
    12. SAKATA SEED CORPORATION (JAPAN)
    13. TAKII & CO. LTD (JAPAN)
    14. UPL LIMITED (INDIA)
    15. LONGPING HI-TECH (CHINA)
    16. RALLIS INDIA LIMITED (INDIA)
    17. DLF (DENMARK)
11. GLOBAL SEED MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Trait
       4. Historic And Forecasted Market Size By Type
       5. Historic And Forecasted Market Size By Crop Type
       6. Historic And Forecasted Market Size By Seed Treatment
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies