Seed Processing Global Market Report 2024

The seed processing market has grown rapidly in recent years. It will grow from $11.73 billion in 2023 to $13.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The expansion observed in the historical period can be attributed to several factors, including global population growth, the proliferation of commercial agriculture, a concerted focus on enhancing crop yields, the globalization of seed trade, supportive government policies, and increased private investments in the agricultural sector.

The seed processing market is expected to see rapid growth in the next few years. It will grow to $19.64 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The anticipated growth in the forecast period can be attributed to various factors, including the growing demand for precision agriculture, a heightened focus on climate-resilient crops, the increasing adoption of organic farming practices, government initiatives aimed at agricultural modernization, and the implementation of enhanced seed quality standards. Key trends expected in the forecast period include innovations in seed coating technologies, the development of drought-tolerant seeds, the integration of digital agriculture solutions, the utilization of genetically modified (GM) crops, and the application of data analytics in seed processing.

The anticipated growth in the seed processing market is driven by the increasing demand for high-quality crops. High-quality crops are characterized by a favorable combination of appearance, texture, flavor, safety, and nutritional content. Proper seed processing is essential in achieving these attributes, as post-harvest processing enhances seed crop output, lifespan, vigor, and overall quality. Effective weed control strategies are crucial to prevent the inclusion of weed seeds with crop seeds, while the use of fungicides helps combat seed-borne diseases. Harvesting at the appropriate time further contributes to the production of high-quality crops. The rising awareness among farmers regarding the importance of high-quality crops is expected to further boost demand. As an illustration, a report from the United States Department of Agriculture in September 2022 highlighted the increasing prevalence of genetically altered crops in the United States, with significant percentages of herbicide-tolerant (HT) crops such as soybeans, cotton, and maize being planted. This trend reflects the growing emphasis on advanced agricultural practices, contributing to the rising demand for high-quality crops and subsequently driving the seed processing market.

The escalating demand for commercial seeds is anticipated to drive the expansion of the seed processing market in the foreseeable future. Commercial seeds, specifically cultivated and marketed for agricultural purposes such as food production, animal feed, and industrial raw materials, are pivotal in this scenario. Seed processing, a critical component in the production and distribution of commercial seeds, involves a series of procedures to convert harvested seeds into products that adhere to rigorous standards for quality, consistency, and performance. As reported by S&P Global Inc. in 2021, the global sales of commercial seeds witnessed a notable 7.1% increase, rising from 43.4 million in 2020 to 47.2 million in 2021. Notably, conventional seeds constituted 53.9% of the total sales. Hence, the surging demand for commercial seeds stands as a key driver for the growth observed in the seed processing market.

The seed processing market is witnessing a prominent trend favoring product innovations as companies strive to solidify their market positions. Major players in the industry are actively engaged in developing inventive products to meet the evolving needs of the market. An illustrative example is Bayer AG, a leading German biotechnology and pharmaceutical company, which, in May 2022, introduced a novel product named Routine Start 280FS under the SeedGrowth brand. This product specifically targets rice blast (leaf blast) in early-season rice seeds caused by the rice blast fungus. By addressing this issue, Bayer aims to enhance crop output and resource efficiency for rice farmers, showcasing the company's dedication to providing innovative agricultural solutions for the long-term growth of the industry. The significance of seed treatment in preventing rice blast disease during cultivation and improving seedling germination cannot be overstated.

Major companies in the seed processing sector are actively pursuing collaboration and partnerships to deliver reliable services to their customers. A strategic partnership, characterized by structured affiliations through business agreements or contracts, is a key focus. For instance, in May 2022, UAE-based Advanta Seeds, a provider of high-performance agricultural seeds, announced a partnership with Seed-X Technologies Inc., a US-based AI-based seed analysis platform. This collaboration aims to integrate Seed-X GeNee technology into the seed processing line, thereby elevating the quality and germinability of seeds. Through such partnerships, companies such as Advanta Seeds seek to provide higher-quality seeds to their customers, simultaneously reducing costs and enhancing sustainability.

In July 2021, Solvay SA, a Belgium-based chemical seed coating company, acquired Bayer for an undisclosed amount. This strategic acquisition aligns with Solvay's ongoing efforts to expand its portfolio of environmentally friendly, bio-based solutions for customers in the agricultural sector. Simultaneously, it allows Bayer to reinvest in new opportunities. Bayer AG, known for its expertise in manufacturing chemicals for seed coating and enhancement, further strengthens its position through this collaboration with Solvay SA.

Major companies operating in the seed processing market report are Bayer AG, BASF SE, Syngenta AG, Nufarm Ltd., Clariant AG, Incotec Group BV, Sensient Technologies Corp., Cimbria Manufacturing A/S, Alvan Blanch Development Company Ltd., PETKUS Technology GmbH, Lewis M. Carter Manufacturing Co. Inc., WESTRUP A/S, Seed Dynamics Inc., Germains Seed Technology Inc., Corteva Inc., Limagrain Cooperative, KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Precision Laboratories, Hefty Seed Company, Chromatech Inc., Centor India Agri Pvt. Ltd., Valent Biosciences Corporation, Advanced Biological Marketing Inc., Adama Agricultural Solutions Ltd., UPL Limited, AgReliant Genetics LLC, Barenbrug Holding BV, BrettYoung Seeds Limited, Sakata Seed Corporation, Takii & Co. Ltd., Rijk Zwaan Zaadteelt en Zaadhandel B.V.

North America was the largest region in the seed processing market in 2023. The regions covered in the seed processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seed processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two main types of seed processing are seed treatment and seed coating materials. Seed treatment involves the application of fungicides, insecticides, or a combination of both to seeds. The purpose of this treatment is to eliminate storage insects, pathogenic organisms, and soil-borne pathogens, thereby enhancing the overall quality of the seeds. Seed processing activities are segmented into various crop types, including vegetables, pulses, oilseeds, cereals and grains, flowers, ornamentals, and others. These crops undergo processing using a range of specialized equipment, including cleaners, gravity separators, graders, de-stoners, seed treatments, dryers, and other machinery designed to optimize the seed processing workflow.

The seed processing market research report provides seed processing market statistics, including the seed processing industry's global market size, regional shares, competitors with a seed processing market share, detailed seed processing market segments, market trends and opportunities, and any further data you may need to thrive in the seed processing industry. This seed processing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The seed processing market includes revenues earned by entities by providing drying, threshing, pre-cleaning, cleaning, size grading, treating, quality testing, packaging, and labeling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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