India Seed Market Size, Share, Analysis, Growth, Trends 2031

Segments - India Seed Market by Crop Types (Row Crops [Rice, Beans, Maize, Sesame seed, Cotton, and Other Row Crops], and Vegetables [Onion, Tomato, Other Vegetables]), Product types (Hybrid Seeds, Genetically Modified Seeds, and Varietal Seeds), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The India seed market size was valued at USD 6.3 Billion in 2022 and is likely to reach USD 18.08 Billion by 2031, expanding at a CAGR of 12.43% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand from the agriculture sector.

Indian agriculture has made considerable progress since the green revolution of the last part of the 1960s. India presents an intriguing situation: both GDP and food grain creation in the nation have risen quicker than the development in populace throughout the most recent 50 years.

Indian seed industry is perhaps the most adult and lively on the planet right now possessing the sixth situation with almost 90000 million turnovers. In esteem terms the significant development has come from the expanded appropriation of BT cotton mixtures, single cross corn crossovers and half vegetables. The volume development has for the most part come through expanded seed replacement rate in crops like paddy and wheat. Indian seed industry is going through wide change including expanded part of private seed organizations, section of MNCs, and joint endeavors of Indian organizations with worldwide seed organizations.

India Seed Market Trends, Drivers, Restraints, and Opportunities

Increasing disposable income leads to the increasing consumption of fruits and vegetables is expected to boost the market during forecast period.
Rapid growth of the organic farming sector is major factor driving the market.
Increasing awareness and government policies is expected to fuel the market during forecast period.
High price of agricultural equipment and pesticides is expected to hamper the market growth.
Lack of skilled farmers and government initiatives present as major factors that can restrict the market growth during the forecast period.
R&D investment and technological advancement in producing hybrid crops and developing agricultural process are projected to offer significant opportunities for the market players.

Scope of India Seed Market Report

The report on the India 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 - India Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Crop Types (Row Crops [Rice, Beans, Maize, Sesame seed, Cotton, and Others], and Vegetables [Onion, Tomato, and Others]), Product Types (Hybrid Seeds, Genetically Modified Seeds, and Varietal Seeds),
Regional Scope	India
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Kaveri Seeds Ltd., National Seeds Corporation Ltd., Monsanto India Ltd., Nuziveedu Seeds Ltd., and PHI Seeds Private Ltd. (DuPont Pioneer)

India Seed Market Segment Insights

The hybrid seed segment is projected to represent a major market share

Based on product types, the India seed market is segregated into hybrid seeds, genetically modified seeds, and varietal seeds. The hybrid seed segment is expected to represent a key share of the market during the forecast period. The hybrid seed zone witnessed an increase of 15-20% over the last decade. The principal improve has come from the improved adoption of BT cotton hybrids, single-go corn hybrids, and hybrid vegetables. This improved call for hybrid seeds has boosted the market for business seeds.

The competitive advertising measures are undertaken for using hybrid seeds resulted in the improved manufacturing of hybrid seeds. The adoption of hybrid seeds has resulted in lots of advantages, which includes yield improvement, making sure better prices, and the provision of seeds at low price. Therefore, the advantages of adoption of hybrid seeds have led farmers to apply them in low productiveness regions.

The cotton segment is expected to grow at a rapid pace

Based on crop types, the India seed market is fragmented into row crops and vegetables. The row crops segment is further divided into rice, beans, maize, sesame seed, cotton, and other. The vegetables segment is further segregated into onion, tomato, and others. The cotton segment is expected to represent a key share of the market during the forecast period. Among the arable crops studied, cotton has the maximum income share, which is mainly due to the widespread introduction of BT cottonseed in India. As an important part of the Indian economy, this culture constitutes the backbone of the Indian textile industry.

Gujarat is one of the most important cotton producing states in the country. These seeds are also used to make vanaspati or vegetable oil and used as feed for dairy cows to increase milk production and maintain high demand for the plant during the forecast period.

Segments

The India seed market has been segmented on the basis of

Crop Types

Row Crops
- Rice
- Beans
- Maize
- Sesame seed
- Cotton
- Others
Vegetables
- Onion
- Tomato
- Others

Product Types

Hybrid Seeds
Genetically Modified Seeds
Varietal Seeds

Key Players

Kaveri Seeds Ltd.
Monsanto India Ltd.
National Seeds Corporation Ltd.
Nuziveedu Seeds Ltd.
PHI Seeds Private Ltd. (DuPont Pioneer)

Competitive Landscape

Key players competing in the India seed market include Kaveri Seeds Ltd., National Seeds Corporation Ltd., Monsanto India Ltd., Nuziveedu Seeds Ltd., and PHI Seeds Private Ltd. (DuPont Pioneer)

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

India Seed Market Key Players

Table Of Content

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 (000â€™ Units) and Y-o-Y Growth
     4.5.3. Seed Market Absolute $ Opportunity
5. Global Seed Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Seed Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Seed Demand Share Forecast, 2019-2026
6. North America Seed Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Seed Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Seed Demand Share Forecast, 2019-2026
7. Latin 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Seed Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Seed Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
  8.2. Europe Seed Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Seed Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Seed Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Seed Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Seed Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Seed Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Seed Market: Market Share Analysis
  11.2. Seed Distributors and Customers
  11.3. Seed Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Kaveri Seeds Ltd.
     11.4.2. National Seeds Corporation Ltd.
     11.4.3. Monsanto India Ltd.
     11.4.4. Nuziveedu Seeds Ltd.
     11.4.5. PHI Seeds Private Ltd. (DuPont Pioneer)