The South Asia seeds market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the expanding agriculture sector and horticulture crop area.
The seed industry has been a major contributor to long-term food production. The industry coupled with the agricultural sector is increasingly contributing to animal feed biological biomaterial manufacturing high yielding seeds. During the early months of the COVID-19 pandemic, the production, certification, distribution, and pricing of seeds were all severely impacted across the globe. In developing nations, surviving adversity was essential to the growth of robust agricultural sectors and food systems.
Market trends, drivers, restraint and opportunities
- Growing awareness of the importance of healthy diet is anticipated to drive the market growth.
- The rapid expansion of plantation establishment is expected to play a significant role in the market growth during the forecast period
- Stringent regulatory guidelines can hinder the regional market expansion.
- Ongoing research and development (R&D) to increase the crop yield is estimated to create lucrative opportunities in the projected timeline.
Scope of the Report
The report on the South Asia seeds market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
South Asia Seeds Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Products (Non-transgenic Hybrids, Transgenic Hybrids, and Open-pollinated Varieties), Crops (Cereals [Maize, Wheat, Rice, Sorghum, and Others], Pulses [Soybean, Cotton, Sunflower, and Others], Oilseeds, Vegetables & Fruits, and Others)
India, Bangladesh, Pakistan, and Rest of South Asia
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Corteva Agri Science; Rallis India Limited Syngenta; Lal Teer Seed; and HM Clause India Pvt Ltd
South Asia Seeds Market Segment Insights
Non-transgenic hybrids segment is expected to grow at a rapid pace
Based on product the market is divided into non-transgenic hybrids, transgenic hybrids, and open-pollinated varieties. The non-transgenic hybrids segment is expected to grow at a rapid pace during the forecast period owing to rising adoption of hybrid seeds. However, the Transgenic hybrids segment is anticipated to hold a key share of the market in the coming years due to growing investment by seed manufactures to develop high-quality seeds. Moreover, increased use of BT cotton hybrids, single-cross corn hybrids, hybrid rice, and hybrid vegetables has provided a considerable boost to the segment growth.
Cereals segment is projected to expand at a considerable CAGR
On the basis of crops, the market is segregated into cereals, pulses, oilseeds, vegetables & fruits, and others. The crops segment is further classified as maize, wheat, rice, sorghum, and others. The pulses segment is categorized as soybean, cotton, sunflower, and others. The cereals segment is projected to expand at a considerable CAGR during the forecast period. Cereal agriculture has been steadily increasing in South Asia. Moreover, cereal crops such as rice and wheat are staple foods in South Asia-based countries, making them widely available.
India is anticipated to constitute a key market share
In terms of regions, the South Asia seeds market is categorized as India, Bangladesh, Pakistan, and Rest of South Asia. India is expected to constitute a key share of the market during the projected period. The development of hybrid seeds varieties with superior features is projected to drive the country’s market growth. Moreover, the requirement for high-quality hybrid seeds opens up immense opportunities for seeds in the country. On the other hand, the market of Rest of South Asia is expected to grow at a healthy rate in the projected timeline.
The South Asia seeds market has been segmented on the basis of
- Non-transgenic Hybrids
- Transgenic Hybrids
- Open-pollinated Varieties
- Vegetables & Fruits
- Rest of South Asia
- Corteva Agri Science
- Rallis India Limited
- Lal Teer Seed
- HM Clause India Pvt Ltd
The South Asia seeds market is Fragmented and the key players are Corteva Agri Science; Rallis India Limited Syngenta; Lal Teer Seed; and HM Clause India Pvt Ltd.
Companies have placed a strong emphasis on the development of new seed types to expand their market share.