Global Seed Market by Cover Page

Seed Market by Types (Genetically Modified and Conventional), Crop Types (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Traits (Insect Resistance, Herbicide Tolerance, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: FB-4102
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global seed market size was valued at USD 62.5 billion in 2021 and is expected to surpass USD 98 billion by 2030, expanding at a CAGR of 4.3% during the forecast period, 2022–2030. The growth of the market is attributed to the rising demand for quality seeds for high crop yield and the wide popularity of genetically modified (GM) seeds.
 


Global Seed Market by Summary

Seed can be simply described as the plant embryo that presents a beginning form of the plant life cycle and a major starting stage of agricultural production. A seed is a fertilized embryo that has a high rich in protein, starch, and oil reserves, which supply nutrients to the entire process of plant development. Rice, peanut, wheat, maize, soybean, sunflower, barley, common pea, walnut, common bean, pecan, sorghum, and lentil are key examples of seeds. It plays a crucial role in the economic development of a country and the global economy as a whole as it constitutes a vital ingredient of the entire agricultural and farming system. A successful agricultural practice can be measured in terms of the level of crop production and a high crop yield primarily requires the use of quality seeds. Rapid shrinking of a large portion of the global arable land due to urbanization and industrialization has accelerated the demand for quality seeds that can lead to higher crop production. Most importantly, the proper growth of a plant in a field completely depends on the timely availability of quality and high-yielding varieties (HYVs) seeds to farmers at an affordable price. One key aspect of the rising growth of the seed market is due to the wide availability of treated seeds, which are basically disinfected from seed- or soil-borne pathogenic organisms. These seeds can resist diseases from the soil and uniformity in the growth of plants, which results in better crop yield.

The COVID-19 pandemic outbreak had an adverse impact on the global seed market due to the abrupt disruption in the supply chain and seed delivery to farmers, imposed by emergency lockdown as a part of governments’ efforts to curb the virus spread. This had resulted in the delay of the global crop production level, which is likely to cause an interruption in the subsequent cycles of the overall crop production worldwide. The pandemic had crippled the entire agriculture and its related sector across the globe due to the lack in the availability of quality seed supply to farmers.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for foods to meet the needs of the increasing global population and growing popularity of the global sustainable food production system are key factors boosting the market.
  • Availability of quality seeds that are suitable to various agro-climatic conditions and favorable government policies to provide various agricultural subsidies to farmers present another key driver of the market.
  • Growing demand for seeds from various industries such as animal feed, food & beverage, and biofuels sector is expected to further propel the market in the coming years.
  • Increasing cost of R&D programs for the development of HYVs seeds and quality seeds along with the substantial decrease in the proportion of cultivable land globally act as main challenges to the market. These factors are likely to hamper the market expansion during the forecast period.
  • Lack of commercialization of hybrid seeds and the availability of counterfeit seeds are further projected to hinder market growth in the coming years.
  • Technological advancements for testing seed quality such as molecular breeding in seeds and increasing development of GM seeds conserving genetic diversity are offering various growth opportunities for the market.

Scope of the Report

The report on the global seed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Seed Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Genetically Modified and Conventional), Crop Types (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Traits (Insect Resistance, Herbicide Tolerance, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Syngenta International AG; Sakata Seed Corporation; Bayer CropScience; United Phosphorous Limited; Corteva Agriscience; DLF; Groupe Limagrain; BASF SE; Takii & Co. Ltd; KWS SAAT SE; Land O’ Lakes; Barenbrug Holding B.V.; Longping Hi-tech; Rallis India Limited; and Enza Zaden.

 

Market Segment Insights

High growth rate of production drives the GM segment

Based on types, the global seed market is bifurcated into genetically modified and conventional. The genetically modified (GM) segment held a large market share in 2021 and is expected to expand at a CAGR of 4.7% during the forecast period owing to the high growth rate of the crop production and availability of the seed types at an affordable price to farmers as compared to conventional seeds. Moreover, rising demand for crop-based animal feed along with the reducing costs of using GM seeds for farmers in the harvesting of crops further boosts the segment.

High intake of cereals and grains fuels the cereals & grains segment

In terms of crop types, the market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals & grains segment dominated the market, representing nearly 45% of the total revenue of the global food demand in 2021 and the trend is anticipated to continue in the coming years due to the high intake of cereals and grains globally as well as wide production of these crops worldwide. Cereals are widely consumed as a staple diet, especially in developed countries. As per a report published by the Food and Agriculture Organization (FAO) of the United Nations, global cereal consumption is expected to reach 2.9 billion metric tons by 2027. The rapid expansion of the global cereal market is due to the rising production rate in major cereal-producing countries including Canada, the US, China, and India.
 


Global Seed Market by Crop Types

Herbicide tolerance segment to register a considerable CAGR

On the basis of traits, the global seed market is segregated into insect resistance, herbicide tolerance, and others. The herbicide tolerance segment is projected to register a considerable CAGR during the forecast period owing to wide adoption of herbicide resistance treatment as it has a natural tolerant ability and offers a high chance of survivability of crops. Wide adoption of better trait seed reduces the use of herbicides and insecticides in farming practice, which present a key driver of the segment. Moreover, several companies are largely investing in the development of GM seeds with better traits, which further propels the segment.

Large governments’ agricultural subsidy propels the Asia Pacific market

In terms of regions, the global seed market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the presence of a large population, which results in the rising demand for agricultural products such as food grains in the region. Increasing awareness about sustainable agricultural practices among farmers and government policies for large agricultural subsidy provisions for farmers further fuel the regional market. On the other hand, the market in North America is anticipated to expand at a rapid pace during the forecast period owing to wide acceptance of high yield seeds among farmers as well as rising demand for grains, fruits, vegetables, and oils.
 


Global Seed Market by Regions

Segments

Segments Covered in the Report

The global seed market has been segmented on the basis of

Types

  • Genetically Modified
  • Conventional

Crop Types

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

Traits

  • Insect Resistance
  • Herbicide Tolerance
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Syngenta International AG
  • Sakata Seed Corporation
  • Bayer CropScience
  • United Phosphorous Limited
  • Corteva Agriscience
  • DLF
  • Groupe Limagrain
  • BASF SE
  • Takii & Co. Ltd
  • KWS SAAT SE
  • Land O’ Lakes
  • Barenbrug Holding B.V.
  • Longping Hi-tech
  • Rallis India Limited
  • Enza Zaden

Competitive Landscape

Key players competing in the global seed market are Syngenta International AG; Sakata Seed Corporation; Bayer CropScience; United Phosphorous Limited; Corteva Agriscience; DLF; Groupe Limagrain; BASF SE; Takii & Co. Ltd; KWS SAAT SE; Land O’ Lakes; Barenbrug Holding B.V.; Longping Hi-tech; Rallis India Limited; and Enza Zaden. Some of these players have adopted a series of business development strategies such as increasing investment in R&D programs, launching new high-quality seeds, and expansion of manufacturing capacity to expand their market share globally.
For instance,

  • In February 2020, Bayer AG upgrades its R&D pipeline for its subsidiary unit, Bayer CropScience to focus on the development of sustainable farming practices and digital transformation in agriculture.
  • In January 2020, BASF SE inaugurated a USD 45 million worth of crop protection manufacturing plant in Singapore to expand its production capacity in Asia Pacific. The multi-facility would handle six different formulation technologies and supply the company’s patented crop protection products to farmers in the region.
 
Global Seed Market by Key Players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Seed Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Seed Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Seed Market - Supply Chain
  4.5. Global Seed Market Forecast
     4.5.1. Seed Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Seed Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Seed Market Absolute $ Opportunity
5. Global Seed Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Seed Market Size and Volume Forecast by Types
     5.3.1. Genetically Modified
     5.3.2. Conventional
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Seed Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Seed Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Seed Demand Share Forecast, 2019-2026
7. North America Seed Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Seed Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Seed Market Size and Volume Forecast by Types
     7.4.1. Genetically Modified
     7.4.2. Conventional
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Seed Demand Share Forecast, 2019-2026
8. Latin America Seed Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Seed Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Seed Market Size and Volume Forecast by Types
     8.4.1. Genetically Modified
     8.4.2. Conventional
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Seed Demand Share Forecast, 2019-2026
9. Europe Seed Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Seed Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Seed Market Size and Volume Forecast by Types
     9.4.1. Genetically Modified
     9.4.2. Conventional
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Seed Demand Share Forecast, 2019-2026
10. Asia Pacific Seed Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Seed Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Seed Market Size and Volume Forecast by Types
     10.4.1. Genetically Modified
     10.4.2. Conventional
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Seed Demand Share Forecast, 2019-2026
11. Middle East & Africa Seed Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Seed Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Seed Market Size and Volume Forecast by Types
     11.4.1. Genetically Modified
     11.4.2. Conventional
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Seed Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Seed Market: Market Share Analysis
  12.2. Seed Distributors and Customers
  12.3. Seed Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Syngenta International AG
     12.4.2. Sakata Seed Corporation
     12.4.3. Bayer CropScience
     12.4.4. United Phosphorous Limited
     12.4.5. Corteva Agriscience
     12.4.6. DLF
     12.4.7. Groupe Limagrain
     12.4.8. BASF SE

Segments Covered in the Report

The global seed market has been segmented on the basis of

Types

  • Genetically Modified
  • Conventional

Crop Types

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

Traits

  • Insect Resistance
  • Herbicide Tolerance
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Syngenta International AG
  • Sakata Seed Corporation
  • Bayer CropScience
  • United Phosphorous Limited
  • Corteva Agriscience
  • DLF
  • Groupe Limagrain
  • BASF SE
  • Takii & Co. Ltd
  • KWS SAAT SE
  • Land O’ Lakes
  • Barenbrug Holding B.V.
  • Longping Hi-tech
  • Rallis India Limited
  • Enza Zaden

Key players competing in the global seed market are Syngenta International AG; Sakata Seed Corporation; Bayer CropScience; United Phosphorous Limited; Corteva Agriscience; DLF; Groupe Limagrain; BASF SE; Takii & Co. Ltd; KWS SAAT SE; Land O’ Lakes; Barenbrug Holding B.V.; Longping Hi-tech; Rallis India Limited; and Enza Zaden. Some of these players have adopted a series of business development strategies such as increasing investment in R&D programs, launching new high-quality seeds, and expansion of manufacturing capacity to expand their market share globally.
For instance,

  • In February 2020, Bayer AG upgrades its R&D pipeline for its subsidiary unit, Bayer CropScience to focus on the development of sustainable farming practices and digital transformation in agriculture.
  • In January 2020, BASF SE inaugurated a USD 45 million worth of crop protection manufacturing plant in Singapore to expand its production capacity in Asia Pacific. The multi-facility would handle six different formulation technologies and supply the company’s patented crop protection products to farmers in the region.
 
Global Seed Market by Key Players

Buy Report

FAQ Section

Some frequently asked quetions about this report!

The global seed market size was valued at USD 62.5 billion in 2021 and is expected to surpass USD 98 billion by 2030.

The cereals & grains segment dominated the market, representing nearly 45% of the total revenue of the global food demand in 2021 and the trend is likely to continue during the forecast period.

Key drivers of the market include the rising demand for quality seeds for high crop yield and wide popularity of genetically modified (GM) seeds.

Asia Pacific accounted for a key share of the market in 2021.

Key players of the market are Syngenta International AG; Sakata Seed Corporation; Bayer CropScience; United Phosphorous Limited; Corteva Agriscience; DLF; Groupe Limagrain; BASF SE; Takii & Co. Ltd; KWS SAAT SE; Land O’ Lakes; Barenbrug Holding B.V.; Longping Hi-tech; Rallis India Limited; and Enza Zaden.