Seeds Market Size is anticipated to reach USD 82.7 billion by 2030, registering a CAGR of 4.4% during 2022-2030.
The global seeds market is projected to reach approximately USD 82.7 billion by 2030, at a CAGR of 4.4% from 2022 to 2030. A seed is an undeveloped plant with an exterior coat to protect it. It is the core, fundamental, and essential ingredient in all farming systems and agriculture. Plants use seeds for various purposes, including migration to new areas, feeding the developing embryo, and hibernating in harsh climates. The need to boost food production, the modernization of agriculture, and the rise in the use of biofuels and animal feed are all factors driving the growth of the global market. Additionally, it is projected that dietary diversity, advanced seed technologies, including seed coating and pelleting, increased use of wasteland for agriculture, and more accommodating regulatory policies will support market expansion.
COVID-19 Impact Analysis
Around the world, the agriculture industry is struggling significantly as a result of the COVID-19 outbreak and the efforts implemented to contain the pandemic. Seed delivery is one of the essential services that must continue to be provided in times of crisis, like the COVID-19 pandemic, to support the current and upcoming production cycles. Since seeds are the basis for agricultural production, they are the first to be distributed. However, concerns with local and international seed delivery caused by the shortage of drivers, lack of transportation, and a slower processing time for required paperwork due to a smaller workforce were posing particular issues for the seeds industry.
One major seed market trend that favorably affects the market is the expanding population's access to abundant arable land and different agroclimatic zones. The global seeds market is expanding due to the commercialization of agriculture and the strong cooperation between the public and private sectors. However, according to the seed market analysis, the industry is influenced by the significant shift in farming practices worldwide. Instead of using seeds from the most recent crop, an increasing number of farmers now rely on premium seeds, which enhance the seed's varieties. The agricultural industry is benefiting from data science, artificial intelligence (A.I.) techniques, improved phenomics, and genomics. All the above factors are bolstering the growth of the premium seeds market, further driving the global market.
Biotechnology is used to generate stress-tolerant and more nutritious crop varieties to safeguard natural resources. Biotech crops have gone beyond the principal crops of maize, cotton, soybeans, and canola to include alfalfa, squash, eggplant, sugar beets, potatoes, papaya, and apples. Moreover, increased production and breeding of transgenic crops worldwide due to rising food needs and a growing global population is another critical reason driving demand for and implementation of agricultural biotechnology, bolstering the growth of the global market.
Commercialization of counterfeit products and false hybrid seeds, as well as the high cost of seeds due to expensive R&D expenditures on quality seed innovation, are the main factors that will limit the growth of the hybrid seed market and the overall expansion of the global seeds market.
Growing consumer concerns about environmental damage due to increased chemical use have spurred organic seed development worldwide. Furthermore, the rising demand for organic branded food in recent years is predicted to fuel the global organic seed market's rise throughout the forecast period. The organic trend is gaining popularity as customers become more aware of the harmful health effects of dangerous chemicals used in conventional agriculture. This opens up growth opportunities for the organic seeds market. Moreover, government attempts to boost organic farming may spur expansion in the global market.
Based on type, the global market is segmented into G.M. seeds and non-G.M. seeds. The G.M. seed category dominated the market share in 2021. Genetically modified (G.M.) seeds generate higher-quality crops with more nutrients. Besides this, the non-G.M. seeds category is the fastest-growing segment. Non-G.M. seeds increase yields while saving farmers money, spurring market expansion.
Based on the category, the global market is divided into organic and conventional. The organic category had a prominent share in 2021. The growing demand for organic food in recent years is anticipated to fuel the global organic seeds market hence driving the segment growth. However, the conventional category will be the fastest growing in the coming years. The growth of conventional cropland is the main factor driving the high demand for seeds on the global market.
By Crop Type
Based on crop type, the global seeds market is divided into cereals & grains, fruits & vegetables, oilseeds & pulses, and others. The cereals & grain category had a prominent share in 2021 due to rising consumer demand for healthier food options and increased breakfast cereal consumption. According to an assessment by the Food and Agriculture Organization (FAO), rising production in nations like the US, India, Canada, and China would cause global cereal production to increase at an extraordinarily rapid rate of almost 12% by 2030. Besides this, the oilseeds & pulses category is the fastest-growing, producing soybean, sunflower, and canola seeds commonly used for vegetable oil.
By Seeds Treatment
The global seeds market has been segmented by seed treatment into treated and non-treated seeds. In 2021, the treated category had a significant share in the market because these seeds reduced the expense of post-sowing spraying and increased crop resistance to various soil-borne diseases. However, the non-treated category is anticipated to be the fastest growing as these seeds provide an advantage to the farmers in terms of cost.
The global market has been segmented by trait: herbicide tolerant, insecticide resistant, and others. In 2021, the herbicide-tolerant category had a significant share in the market because it gave the species resilience and the innate capacity to endure and reproduce. Cotton, soybeans, and canola are frequently grown herbicide-tolerant crops. Besides this, the insecticide-resistant category is anticipated to be the fastest growing as these are typically used to treat insects before they cause damage to a crop.
Global Seeds Market Share, by Region, 2021 (%)Regional Analysis
By region, the global seeds market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia-Pacific is projected to exhibit the highest CAGR during the review period.
In 2021, the North American seeds market had the largest share due to the increased demand for agricultural goods in this region. The market's growth is fueled by intensive R&D, favorable government policies, and the affordability of seed. Furthermore, the United States mainly concentrated on the export of seeds, which is credited with making the largest contribution to the growth. In addition, kitchen gardening, also known as home gardening, is the practice of growing vegetables in private residences to meet the country's increasing need for vegetation, which has led to a growth in the demand for seeds for garden markets. All these factors are anticipated to bolster the demand for seeds for market gardeners in this region.
The Asia-Pacific seeds market is anticipated to encounter the fastest growth rate because of increased urbanization and the development of agriculture. The region is seeing growing hybrid adoption and rising seed replacement rates in essential crops such as maize, rice, and vegetables. China, India, and Southeast Asian countries have made significant contributions. China is the world's largest rice producer. It has just begun exporting rice seeds to other countries. For instance, in 2020, it transported 500 metric tons of hybrid rice seeds from Jiangsu province in east China to Pakistan to help secure Pakistan's grain supply. Furthermore, to encourage organic farming, governments and agricultural organizations have implemented a variety of efforts, including favorable legislation and tax breaks. Such measures, combined with increased awareness of the benefits of food, are projected to help the regional organic market in the near future.
The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have global reach with diverse product portfolios. Companies such as Bayer AG, DowDuPont Inc., Syngenta AG, Monsanto Company, and Groupe Limagrain dominate the global seeds market due to product differentiation, strategic developments, financial stability, and diversified regional presence. The players are concentrating on supporting research and development. They embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base. For instance, in March 2021, DLF purchased OreGroSeeds, enhancing the company's extensive global research and product range and providing considerable operational capacity and personnel to serve clients. Furthermore, in September 2021, Rijk Zwaan introduced New Delhi cucumber cultivars that exhibit strong resistance to the TOLCNDV, also referred to as the "New Delhi virus," which infects tomatoes. Similarly, in January 2021, BASF SE opened a new crop protection facility in Singapore to increase its manufacturing capacity in the Asia-Pacific area. By doing this, they'll meet the region's growing demand from farmers for high-quality planting materials.
Prominent players in the global seeds market include Bayer AG (Germany), DowDuPont Inc. (France), Syngenta AG (Switzerland), Monsanto Company (US), Groupe Limagrain (France), KWS SAAT SE (Germany), Land O'Lakes Inc. (US), Maharashtra Hybrid Seeds Co. (India), Gansu Dunhuang Seeds Co. Ltd (China) and Sakata Seeds Corporation (US).
Scope of the Report
Global Seeds Market by Type
Global Seeds Market, by Category
Global Seeds Market, by Crop Type
Global Seeds Market, by Seeds Treatment
Global Seeds Market, by Trait
Global Seeds Market by Region
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Market Size and Forecast:
To identify and estimate the market size for the global seeds market segmented by type, category, crop type, seeds treatment, and trait by value (in US dollars). Also, to understand the consumption/demand created by consumers of seeds between 2022 and 2030
Market Landscape and Trends:
To identify and infer the drivers, restraints, opportunities, and challenges for the global market
Market Influencing Factors:
To find out the factors affecting the sales of seeds among consumers.
Impact of COVID-19:
To identify and understand the various factors involved in the global seeds market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the company’s financial health in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 82.7 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Category, Crop Type, Seeds Treatment, Trait, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||Bayer AG (Germany), DowDuPont Inc. (France), Syngenta AG (Switzerland), Monsanto Company (US), Groupe Limagrain (France), KWS SAAT SE (Germany), Land O'Lakes Inc. (US), Maharashtra Hybrid Seeds Co. (India), Gansu Dunhuang Seeds Co. Ltd (China) and Sakata Seeds Corporation (US)|
|Key Market Opportunities||Demand for organic and healthy processed products, Public-private partnerships in varietal development|
|Key Market Drivers||High uptake of biotech crop, Increase in the rate of seeds replacement, Increased use of oilseeds in animal feed production|
The study period of the global seeds market is 2022- 2030.
Bayer AG, DowDuPont Inc., Syngenta AG, Monsanto Company, and Groupe Limagrain are the major companies operating in the global seeds market.
Asia-Pacific is expected to register the highest CAGR during 2022-2030
North America held the largest share in 2021.
The global seeds market is growing at a CAGR of 4.4% over the forecast period.