This report describes and explains the seeds market and covers 2017-2022, termed the historic period, and 2022-2027, 2032F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global seeds market reached a value of nearly $62.23 billion in 2022, having grown at a compound annual growth rate (CAGR) of 5.2% since 2017. The market is expected to grow from $62.23 billion in 2022 to $81.90 billion in 2027 at a rate of 5.6%. The market is then expected to grow at a CAGR of 6.9% from 2027 and reach $114.60 billion in 2032.
Growth in the historic period resulted from the growing demand for animal feed, rising government initiatives for seed quality and crop productivity and increasing demand for organic food products. Factors that negatively affected growth in the historic period included the availability of counterfeit seeds.
Going forward, the high adoption of biotech crops, increasing shift towards vegan eating, growing implementation of sustainable agricultural practices and rise in growth of the agriculture sector will drive the market. Factors that could hinder the growth of the seeds market in the future include greenhouse gas emissions from agricultural production.
The seeds market is segmented by type into genetically modified and conventional. The genetically modified market was the largest segment of the seeds market segmented by type, accounting for 58.7% or $36.51 billion of the total in 2022. Going forward, the genetically modified segment is expected to be the fastest growing segment in the seeds market segmented by type, at a CAGR of 5.8% during 2022-2027.
The seeds market is segmented by crop type into cereals and grains, fruits and vegetables, oilseeds and pulses and other crop types. The cereals and grains market was the largest segment of the seeds market segmented by crop type, accounting for 45.4% or $28.27 billion of the total in 2022. Going forward, the oilseeds and pulses segment is expected to be the fastest growing segment in the seeds market segmented by crop type, at a CAGR of 5.8% during 2022-2027.
The seeds market is segmented by traits into herbicide-tolerant, insecticide-resistant and other traits. The herbicide-tolerant market was the largest segment of the seeds market segmented by traits, accounting for 47.4% or $29.50 billion of the total in 2022. Going forward, the other traits segment is expected to be the fastest growing segment in the seeds market segmented by traits, at a CAGR of 5.9% during 2022-2027.
The seeds market is segmented by seed treatment into treated and non-treated. The treated market was the largest segment of the seed market segmented by seed treatment, accounting for 83.3% or $51.86 billion of the total in 2022. Going forward, the treated segment is expected to be the fastest growing segment in the seed market segmented by seed treatment, at a CAGR of 5.8% during 2022-2027.
Asia-Pacific was the largest region in the seeds market, accounting for 48.3% or $30.08 billion of the total in 2022. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the seeds market will be Asia-Pacific and South America, where growth will be at CAGRs of 6.1% and 6.0% respectively. These will be followed by North America and Western Europe, where the markets are expected to grow at CAGRs of 5.5% and 5.1% respectively.
The global seeds market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 48.4% of the total market in 2022. Corteva, Inc was the largest competitor with a 14.4% share of the market, followed by Bayer AG with 11.4%, Syngenta AG with 6.4%, BASF SE with 3.4%, KWS SAAT SE with 3.3%, East-West Seed Group with 2.9%, Groupe Limagrain Holding SA with 2.8%, DLF Seeds A/S with 1.9%, Sakata Seed Corporation with 1.1% and UPL Limited with 0.7%.
The top opportunities in the seeds market segmented by type will arise in the genetically modified segment, which will gain $11.93 billion of global annual sales by 2027. The top opportunities in the seeds market segmented by crop type will arise in the cereals and grains segment, which will gain $8.73 billion of global annual sales by 2027. The top opportunities in the seeds market segmented by traits will arise in the herbicide-tolerant segment, which will gain $8.93 billion of global annual sales by 2027. The top opportunities in the seeds market segmented by seed treatment will arise in the treated segment, which will gain $17.05 billion of global annual sales by 2027. The seeds market size will gain the most in China at $6.53 billion.
Market-trend-based strategies for the seeds market include focus on developing new plant breeding techniques to increase crop yield, introducing hybrid vegetable seeds to gain a competitive edge in the market, introducing seed pelleting with advanced technologies, developing and integrating advanced digital tools for seed production, focus on strategic partnerships and collaborations and focus on developing new seed treatment technologies that target soil-borne diseases.
Player-adopted strategies in the seeds market include focus on strengthening business operations through strategic acquisitions and focus on enhancing business capabilities through the launch of new products.
To take advantage of the opportunities, the analyst recommends the seeds companies to focus on development of new plant breeding techniques to increase crop yield, focus on launch of hybrid vegetable and rice seeds to improve plant quality, focus on increased use of new seed pelleting technology for accurate sowing, focus on integration of digital technology in seed yielding, focus on developing novel seed treatment technologies, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, focus on premium pricing, participate in trade shows and events and increase focus on online consumers.
Table of Contents
Executive Summary
Seeds Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global seeds market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description
Where is the largest and fastest growing market for seeds? How does the market relate to the overall economy, demography, and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider seeds market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics:
Brief introduction to the segmentations covered in the market, definitions, and explanations about the seeds market.
- Key Trends:
Highlights the major trends shaping the global seeds market. This section also highlights likely future developments in the market.
- Macro: Economic Scenario:
The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the seeds market.
- Global Market Size and Growth: Global historic (2017-2022) and forecast (2022-2027,2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis: Historic (2017-2022) and forecast (2022-2027,2032F) market values and growth and market share comparison by region.
- Market Segmentation: Contains the market values (2017-2022) (2022-2027, 2032F) and analysis for each segment by type, by seed treatment, by crop type and by traits in the market. Historic (2017-2022) and forecast (2022-2027) and (2027-2032) market values and growth and market share comparison by region market.
- Regional Market Size and Growth: Regional market size (2022), historic (2017-2022) and forecast (2022-2027,2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations: This section includes recommendations for seeds providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Report Scope
Markets Covered:
1) by Type: Genetically Modified; Conventional
2) by Crop Type: Cereals and Grains; Fruits and Vegetables; Oilseeds and Pulses; Other Crop Types
3) by Traits: Herbicide-Tolerant; Insecticide-Resistant; Other Traits
4) by Seed Treatment: Treated; Non-Treated
Companies Mentioned: Corteva, Inc; Bayer AG; Syngenta AG; BASF SE; KWS SAAT SE
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; seeds indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Corteva, Inc
- Bayer AG
- Syngenta AG
- BASF SE
- KWS SAAT SE.
- East-West Seed Group
- Groupe Limagrain Holding SA
- DLF Seeds A/S
- Sakata Seed Corporation
- UPL Limited
- Abundant Seeds
- Advanta Seed International
- Clause Pacific
- Heritage Seeds Pty Ltd
- Magnus Kahl Seeds
- Queensland Agricultural Seeds Pty Ltd
- South Pacific Seeds Pty Ltd
- Terranova Seeds Pty Ltd
- Beijing Dayi Seed Co. Ltd
- Beijing Mantian Seeds Co. Ltd
- Beijing TopGreen Turf & Forage Co. Ltd
- Green Seeds China
- Henan Know-How Seed Co. Ltd
- Jiuquan Changqing Seeds Co. Ltd
- Liaoning Dongya International Seed Co. Ltd
- RichPro Seed Co. Ltd
- Techspark Seed Co. Ltd
- Wenzhou Shenlu Seed Co. Ltd
- Xinjiang Longda Seeds Corporation
- Xinjiang Mag-Era Seed Company
- Xinjiang XiYu Seed Co
- Clause India Private Ltd
- Doctor Seeds Pvt Ltd
- Inventive Seeds Pvt Ltd
- Namdhari Seeds Pvt Ltd
- Plantgene Seeds Limited
- Safal Seeds & Biotech Ltd
- Shriram Bioseed Genetics India Ltd
- United Genetics India Pvt Ltd
- Vokkal Seeds
- Tokita Seed Co. Ltd
- Vilmorin
- Limagrain
- CN Seeds Ltd
- Hazera Seeds
- Plant Seeds Ltd
- Tozer Seeds
- Roussineau SA
- Gautier Semences
- Panam Semences
- Semences de l'Est
- Technisem
- ROLIMPEX SA
- Danko
- PHU Karo
- TORSEED
- State Line Seed Company
- GDM Seeds Inc.
- Land O'Lakes, Inc.
- AgReliant Genetics, Inc.
- Advanta Seeds Pty Ltd
- Grupo Sakata Seed de México SA de CV
- Top Seeds Inc
- Reimer seeds
- West Coast Seeds
- Kitazawa Seed Company
- Hudson Valley Seeds
- Pinetree Garden Seeds
- Baker Creek Heirloom Seeds
- Bioceres Crop Solutions
- Agrality
- Chacraservicios S.r.l
- Syngenta
- Agridera Seeds & Agriculture Ltd
- BreedIT Ltd
- Genesis Seeds Ltd
- Nirit Seeds Ltd
- Seeds for Africa
- Monsanto South Africa (Pty) Ltd
- Corteva Agriscience
- Capstone Seeds
- African Seeds Group
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 271 |
| Published | January 2024 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 62.2 Billion |
| Forecasted Market Value ( USD | $ 114.6 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 82 |
