Segments - Bangladesh Seed Sector Analysis Market by Products (Transgenic Hybrids, Non-transgenic Hybrids, and Open-pollinated Varieties), Crop Types (Grains & Cereals [Maize, Rice, Wheat, and Other Grains & Cereals], Pulses & Oilseeds [Soybean, Sunflower, Canola, Pulses, and Other Oilseeds], Cotton & Vegetables [Solanaceae, Cucurbit, Roots & Bulbs, Brassica, and Other Vegetables], and Other Crops), and Country - Bangladesh Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Bangladesh Seed Sector Analysis Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising population in the country.
The Bangladesh seed sector analysis market consist of both public and private sector. Seed sector analysis is crucial owing to demand for high-quality food products. It is one of the top countries that accounts for major production of vegetables. The public sector in Bangladesh is growing owing to rising demand for grain plants such as rice and wheat. The key players in the private sector take major part in the transportation and supply of the seeds.
The support of retailers, distributers, mobile seed vendors, farmers, seed association and governments including Ministry of Agriculture, Seed Certification Agency, and Agriculture Research Institutes are driving the growth of the market.
Growing agriculture industry is anticipated to drive the market growth.
Technological advancements in seed sector analysis is expected to foster the growth of the market.
Increasing acceptance of hybrid seed can prompt the market growth in the projected timeline.
Rising private and public investments in the seed market is positively influencing the market growth.
Side effects of genetic material can hamper the export and import in the country.
Seed adulteration can restrain the growth of the market
Availability of seeds at affordable prices can creates lucrative opportunities in the market.
The report on the Bangladesh seed sector analysis 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 Sector Analysis Market - Bangladesh Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Transgenic Hybrids, Non-transgenic Hybrids, and Open-pollinated Varieties), Crop Types (Grains & Cereals [Maize, Rice, Wheat, and Other grains & cereals], Pulses & Oilseeds [Soybean, Sunflower, Canola, Pulses, and Other Oilseeds], Cotton & Vegetables [Solanaceae, Cucurbit, Roots & Bulbs, Brassica, and Other Vegetables], and Other Crops) |
Geographical Zone |
Bangladesh |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Bioseed; Bayer Crop Science; Advanta; Brac Seed and Agro Enterprise; and Lal Teer Seed |
Based on products, the market is divided into transgenic hybrids, non-transgenic hybrids, and open-pollinated varieties. The transgenic hybrids segment is expected to grow at a rapid pace during the forecast period due to increasing demands for genetic seed as they provide better crop yield.
However, the non-transgenic hybrids segment is anticipated to hold a key share of the market in the coming years, as they confer minimal side effects to the human body and requires less fertilizer, pesticides, and insecticides.
On the basis of crop types, the market is segregated into grains & cereals, pulses & oilseeds, cotton & vegetables, and other crops. The grains & cereals segment is divided into maize, rice, wheat, and other grains & cereals.
On the other hand, the pulses & oilseeds segment is segregated into soybean, sunflower, canola, pulses, and other oilseeds. The cotton & vegetables segment is classified as solanaceae, cucurbit, roots & bulbs, brassica, and other vegetables. The grain and cereal segment is projected to expand at a considerable CAGR during the forecast period owing to rising demand for cereal-based snacks due to shift from carbohydrate based diet to protein based diet.
On the other hand, the cotton & vegetables segment is anticipated to account for a major market share during the forecast period due to high demand for sterilized cotton in the healthcare sector.
The Bangladesh seed sector analysis market has been segmented on the basis of
Key players competing in the market are Bioseed; Bayer crop science; Advanta; Brac Seed and Agro Enterprise; Lal Teer Seed. Major companies are working on initiatives to develop innovative techniques to foster the growth of the market.