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Seeds Market: By Type (Genetically Modified Seeds, Conventional Seeds), By Crop Type (Cereals & Grain, Fruits & Vegetables, Oilseeds & Pulses, Others), By Seed Treatment (Treated, Non-Treated), By Traits (Herbicide Tolerant, Insecticide Resistant, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Seeds are developing plants that comprise a food reserve and a protective outer layer. The development of the seed is a key step in the reproductive process, in spermatophytes, which include gymnosperm and angiosperm plants, which are seed plants. After the embryo bag is properly fertilized by sperm from pollen, making a zygote, the mature ovule produces seeds. A seed's embryo develops from the zygote and expands within the mother plant until it reaches a particular size before growth is stopped. The integuments of the ovule give birth to the seed coat. Compared to more ape-like plants like mosses, ferns, and liverworts, seeds have played a significant role in the reproduction and success of vegetable gymnosperm and angiosperm plants.
Seeds Market to surpass USD 119.4 billion by 2032 from USD 67.16 billion in 2021 at a CAGR of 5.4% in the coming years, i.e., 2022-32. The Seeds Market is flourishing due to the rising demand for seeds from the food and beverage, biofuels industries, and animal feed. In nations like India and animal feed, the demand for seeds has been steadily rising. The rise of the seeds market is also fueled by the rising demand for food grains in the countries with the greatest populations.
Seeds Market is categorized on the basis of Crop Type into Cereals & Grain, Fruits & Vegetables, Oilseeds & Pulses, and Others. In 2021, the cereals & grain segment held a significant market share, due to rising customer desire for healthier food options and increased breakfast cereal consumption. Besides, the oilseeds & pulses segment is the fastest-growing among others, since it generates the sunflower, canola, and soybean seeds frequently used for vegetable oil.
Seeds Market is categorized on the basis of Traits into Herbicide Tolerant, Insecticide Resistant, and Others. Herbicide Tolerant segment accounted for a sizeable share of the market in 2021 due to the increased resistance and natural capacity for survival and reproduction of the species. Herbicide-tolerant crops are regularly planted, including soybeans, cotton, and canola. The insecticide-resistant segment is projected to expand at the highest rate since pesticides are frequently employed to treat insects before they harm a crop.
Biotechnology is employed to create more nutrient-dense and stress-resistant agricultural varieties to safeguard natural resources. The advantages of this technology led to higher demand and adoption of biotech crops in past years. Beyond the major crops like soybeans, corn, canola, and cotton biotech crops have also been developed for additional crops like sugar beets, alfalfa, squash, papaya, eggplant, apples, and potatoes. Moreover, bananas, rice, wheat, potatoes, pigeon peas, chickpeas, and mustard are among the biotech crops being researched by public sector institutions. These crops hold multiple major nutritional qualities that are beneficial to consumers and food producers in developing countries.
The rising demand for food production brought by the world's expanding population drives the global Seed Market. Moreover, due to the government-supported use of biofuel in many nations and its advantages for the environment, the demand for crops like soybeans and maize is rising, which in turn increases the need for their seeds. In addition, the demand for agricultural products from both the food and non-food sectors has been steadily expanding in a number of emerging markets due to economic growth and rising disposable incomes. This eventually affects the Seeds Market growth during the estimated period.
The key factors limiting the growth of the hybrid seed sector and the overall growth of the global Seeds Market are the commercialization of replacement products and fake hybrid seeds, and also the high cost of seeds due to extensive R&D expenditures on quality seed innovation.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Seeds Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America Seeds Market held the highest share in 2021 due to the region's rising demand for agricultural products. The market is expanding due to active R&D, supportive government regulations, and reasonably priced seed.
Asia-Pacific Seeds Market is predicted to grow at the faster rate owing to rising urbanization and the growth of agriculture. Rising hybrid adoption and seed replacement rates in important crops like rice, maize, and vegetables are being seen in the region. Significant contributions have been made by India, China, and Southeast Asian nations.
During the first quarter of 2020, the COVID-19 epidemic had a significant impact on the certification, distribution, manufacturing, and price of seeds. Moreover, the agricultural and resilient food systems in the economically underdeveloped nations were greatly impacted by COVID pandemic. Lack of laborers for the production, transportation, and documentation processes, along with a decline in the availability of seeds and plants on the market, made it difficult to produce seeds for international trade.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 67.16 billion |
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Revenue Forecast in 2032 |
USD 119.4 billion |
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Growth Rate |
CAGR of 5.4% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Crop Type, Seed Treatment, Traits, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Bayer Crop Science AG, Syngenta AG, BASF, Limagrain, Corteva, Land O'Lakes Inc., KWS SAAT SE, Enza Zaden Global, DLF Seeds A/S, AgReliant Genetics LLC, Maharashtra Hybrid Seeds Co., Rallis India Limited, Sakata Seed Corporation, Yuan Longping High-tech Agriculture Co. Ltd., Gansu Dunhuang Seeds Co. Ltd, and Other Prominent Players. |
The Seeds Market size was estimated at USD 67.16 billion in 2021 and is expected to reach USD 119.4 billion in 2032.
Seeds are developing plants that comprise a food reserve and a protective outer layer. The development of the seed is a key step in the reproductive process, in spermatophytes, which include gymnosperm and angiosperm plants, which are seed plants.
The Oilseeds & Pulses and Insecticide Resistant segments accounted for the larger share of the Seeds Market.
Key players in the Seeds Market are Bayer Crop Science AG, Syngenta AG, BASF, Limagrain, Corteva, Land O'Lakes Inc., KWS SAAT SE, Enza Zaden Global, DLF Seeds A/S, AgReliant Genetics LLC, Maharashtra Hybrid Seeds Co., Rallis India Limited, Sakata Seed Corporation, Yuan Longping High-tech Agriculture Co. Ltd., Gansu Dunhuang Seeds Co. Ltd, and Other Prominent Players.
The Seeds Market is flourishing due to the rising demand for seeds from the food and beverage, biofuels industries, and animal feed and the rising demand for food grains in the countries with the greatest populations.
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