Growing demand for food grains and introduction of enhanced seed varieties to drive the global seeds market. According to TechSci Research report, “Global Seeds Market By Type (Hybrid, Genetically Modified, Varietal), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Cotton, Fruits & Vegetables, Olericulture, Others), By Trait (Herbicide Tolerance, Insecticide Resistance, Others), By Availability (Farm Saved, Commercial), By Sales Channel (Direct, Indirect), By Seed Treatment (Treated, Non-Treated), By Region, Forecast & Opportunities, 2025”, the global seeds market is anticipated to witness significant growth during the forecast period owing to the increasing demand for food grains, oil seeds and vegetables around the globe.
The Important Elements of the Global Seeds Market
Rapid population growth, which has increased the demand for food by 70%, and changing diet patterns of consumers are some key factors driving the growth of the global seeds market. Furthermore, advancements in technology and the introduction of enhanced seed varieties are acting as major boosters for the growth of this market. Also, various advantages offered by enhanced varieties of seeds are motivating farmers to use them in farming, which is in turn, fueling the market for seeds.
Moreover, increasing the adoption of sustainable agricultural practices is further expected to supplement the growth of the seeds market. Also, rising concern for food safety is also acting as a major growth driver for this market. Apart from that, the availability of hybrid seeds and the advent of new breeding technologies are acting as positive factors for the growth of the seeds market. With increasing expenditure and funds for the agricultural sector by governments, the market is further anticipated to register a healthy growth rate during the forecast period.
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The global seeds market is segmented based on type, crop type, trait, availability, sales channel, seed treatment, and region. Based on crop type, the market is further segmented into cereals & grains, oilseeds & pulses, cotton, fruits & vegetables, olericulture, and others. Among them, the cereals & grains segment is expected to dominate the global market during the forecast period owing to the growing consumption of grains as a staple food in many countries particularly, Asian and Southeast Asian countries. However, the fruits & vegetable segment is expected to witness rapid growth owing to the increasing number of health and fitness-conscious individuals.
Based on type, the global seeds market is segmented into hybrid, genetically modified, and varietal. Here, the hybrid seeds segment is currently dominating the market and is expected to undergo the highest CAGR during the forecast period owing to the disease and pest-resistant properties of these seeds. Additionally, these are being increasingly adopted due to the continuous pressure for obtaining higher yields from the crops. Moreover, the farmers are also aware of the benefits of using hybrid seeds, and hence, the segment is expected to witness high demand.
Major players operating in the global seeds market include
- Bayer Crop Science AG & Monsanto
- Syngenta AG & Sinochem
- E.I. du Pont de Nemours, and Company
- BASF SE
- Groupe Limagrain
- Sakata Seed Corporation
- Corteva, Inc.
- Land O’Lakes, Inc.
- Takii & Co., Ltd
- Sakata Seed
- KWS SAAT SE & Co
- KGaA
- East-West Seed International
- Beidahuang Kenfeng Seed
- Nuziveedu Seeds Limited
- Kaveri Seed Company Limited
- DLF Seeds & Science
- Barenburg
- UPL Ltd
- Beidahuang Kenfeng Seed, and Invivo. The companies are investing in new technologies to bring a new variety of crops that gives greater yield and productivity.
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“Asia-Pacific is acting as a favorable market for seed manufacturing companies and the region is expected to undergo rapid growth until 2025. Additionally, the growing population in countries such as China and India is creating a huge demand for food, thereby fueling the need for a higher-yield variety of seeds. Moreover, the market is witnessing increasing seed replacement rates, particularly in crops such as maize, rice, and vegetables. This is acting as a major driver for the growth of the global seeds market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Seeds Market By Type (Hybrid, Genetically Modified, Varietal), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Cotton, Fruits & Vegetables, Olericulture, Others), By Trait (Herbicide Tolerance, Insecticide Resistance, Others), By Availability (Farm Saved, Commercial), By Sales Channel (Direct, Indirect), By Seed Treatment (Treated, Non-Treated), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global seeds market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global seeds market.
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