Mo. Jul 8th, 2024

Growth in research and development activities is expected to drive the India Seed Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “India Seed Market– By Region, Competition, Forecast and Opportunities, 2030F”, the India Seed Market stood at USD 3.91 Billion in 2024 and is anticipated to grow with a CAGR of 7.41% in the forecast period, 2026-2030. Initiatives taken by government based on seed has led to favorable market conditions for the India Seed Market. Several factors contribute to the growth of various seed products.

The government, acknowledging the imperative for agricultural modernization, spearheaded the Green Revolution. This pioneering initiative introduced high-yield seed varieties and implemented subsidies on fertilizers and pesticides, with the aim of enhancing agricultural productivity and addressing food scarcity. While the Green Revolution yielded significant success in boosting crop yields, it also prompted environmental concerns due to the extensive use of chemical inputs and potential soil health implications.

In a proactive measure to ensure seed quality and support farmers, the Indian government enacted the Seeds Act. This comprehensive legislation not only oversees the quality of seeds available in the market but also underscores the provision of high-quality, productive seeds to farmers. By safeguarding the integrity of the seed supply chain, the Seeds Act plays a pivotal role in facilitating farmers’ access to dependable and superior seeds, thereby fostering agricultural productivity and food security.

A notable outcome of extensive research and development in the seed industry has been the remarkable progress in hybrid seed creation. These hybrid seeds are meticulously bred by crossing two distinct parent plants, resulting in offspring inheriting desirable traits from both. Through this process, breeders can amalgamate the best attributes of different varieties, including enhanced yield potential, improved pest and disease resistance, and heightened adaptability to diverse environmental conditions. Consequently, the demand for these high-performing hybrid seeds has been steadily rising, empowering farmers to achieve increased crop productivity and mitigate potential losses from external factors.

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The India Seed Market is segmented into product type, crop type, regional distribution, and company.

Based on its crop type, the cotton segment is anticipated to hold the largest market share in the forecast period. This anticipated trend is largely attributed to the pivotal role played by technological advancements, particularly in the realms of biotechnology and farm mechanization, in driving the expansion of both the supply and demand for cotton.The advent of biotechnology has provided scientists with the means to revolutionize cotton cultivation by enhancing its genetic traits. Through innovative techniques, researchers have successfully boosted cotton yields while simultaneously fortifying the plants against pests and diseases. This breakthrough has not only elevated productivity but has also ensured a more resilient cotton crop, contributing significantly to its market appeal.

The increasing adoption of mechanized farming practices has propelled efficiency and productivity levels in cotton cultivation to new heights. By leveraging advanced machinery and automation, farmers can streamline their operations, reduce labor costs, and optimize resource utilization. This trend has not only solidified cotton’s position as a key player in the seed market but has also opened doors to sustainable and environmentally conscious farming methods, aligning with evolving consumer preferences and regulatory standards.

The ongoing exploration and integration of cutting-edge technologies are poised to further revolutionize the cotton industry. As research and development continue to push boundaries, the sector is primed to meet the dynamic demands of the global market while advancing towards greater sustainability and efficiency. Thus, the future of cotton cultivation is characterized by innovation-driven growth and a commitment to meeting the evolving needs of stakeholders across the value chain.

Based on region, West India segment is expected to grow during the forecast period. In addition to the favorable agro-climatic conditions, infrastructure development has played a crucial role in the growth of the seed market in Western India. The region boasts robust transportation networks, ensuring seamless distribution of seeds to various parts of the country. Efficient logistics and well-connected roadways and railways facilitate smooth movement of seeds, reducing transit time and enhancing accessibility for farmers across the nation.

Western India has emerged as a hub for leading seed companies, attracting both domestic and international players. Multinational corporations like Dupont have established a strong presence in the region, recognizing the immense potential and opportunities offered by the diverse agricultural landscape. The participation of these prominent seed companies has not only contributed to the growth and development of the seed industry but has also fostered knowledge exchange, technological advancements, and research collaborations in the field of agriculture.

Major companies operating in India Seed Market are:

  • Syngenta India Private Limited
  • Corteva Agriscience
  • Bayer CropScience Limited
  • Kaveri Seed Company Limited
  • Advanta India Ltd
  • Rijk Zwaan India Seeds Pvt Ltd
  • BASF India Limited
  • East-West Seed India Pvt. Ltd.
  • Limagrain Field Seeds India
  • Nuziveedu Seeds Limited ( NSL ) 

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“In the coming years, India’s seed market is poised for a transformative shift driven by technological advancements and evolving agricultural practices. With increasing emphasis on sustainable farming and climate-resilient crops, demand for genetically modified seeds tailored to local conditions will surge. Additionally, the rise of precision agriculture will elevate the need for precision seeds, optimized for specific soil and climate parameters.

Collaborations between biotech firms and agricultural research institutions will foster innovation, introducing novel traits like drought tolerance and pest resistance.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Seed Market By Product Type (Varietal Seeds, Hybrid Seeds, Genetically Modified Seeds), By Crop Type (Cereals, Fruits & Vegetables, Oilseeds, Cotton, Others), By Region, By Competition, Forecast & Opportunities, 2020-2030”, has evaluated the future growth potential of India Seed 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 India Seed Market.

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Lisa Tate

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