Global Seed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

This report extensively covers different segments of Global Seed Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

Global Seed Segment Analysis

In this report, the Global Seed Market , Segmented By Crop Type, Type, Trait and Geography.

Global Seed Market, Segmentation By Crop Type

The Global Seed Market, Segmented by Crop Type into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others.

Cereals & grains segment includes major crops like corn, wheat, rice, and barley, which are staple food sources for a large part of the world's population. The demand for high-yield and disease-resistant varieties of cereals & grains seeds is increasing to meet the growing food requirements, especially in developing regions.Oilseeds & pulses segment comprises crops like soybeans, sunflower, chickpeas, and lentils, which are important sources of protein and edible oil. The increasing awareness about the health benefits of plant-based proteins and oils is driving the demand for oilseeds & pulses seeds.

Growing demand for biofuels is also fueling the growth of this segment as oilseeds are a major feedstock for biodiesel production.It is driven by the increasing demand for high-quality seeds to enhance agricultural productivity and meet the growing food requirements worldwide. Cereals & grains, being staple food sources, particularly drive this demand, while the oilseeds & pulses segment is propelled by the rising awareness of plant-based proteins and oils. The fruits & vegetables segment benefits from the growing preference for fresh produce, leading to the development of new seed varieties with improved traits.

Global Seed Market, Segmentation By Type

The Global Seed Market, Segmented by Type into Conventional Seeds and Genetically Modified Seeds.

The global seed market has been segmented by type into conventional seeds and genetically modified (GM) seeds. Conventional seeds are traditional seeds that have not been genetically modified. They are widely used in agriculture and are selected based on their natural traits such as yield, disease resistance, and adaptability to different growing conditions.On the other hand, genetically modified (GM) seeds are seeds that have been altered using genetic engineering techniques to introduce desirable traits such as increased yield, pest resistance, and drought tolerance. GM seeds have gained popularity in recent years due to their ability to address agricultural challenges and improve crop productivity. However, the use of GM seeds is also a subject of debate due to concerns about their impact on the environment and human health.GM seeds have revolutionized agriculture by offering solutions to various challenges faced by farmers, such as pests, diseases, and environmental stress.

These seeds have shown significant promise in increasing crop yields and reducing the reliance on chemical pesticides and fertilizers. However, the adoption of GM seeds varies across regions, with some countries imposing strict regulations on their use. As research and development in biotechnology continue to advance, the global seed market is expected to witness further innovation and growth in the GM seed segment.

Global Seed Market, Segmentation By Trait

The Global Seed Market, Segmented By Trait into Herbicide Tolerance, Insecticide Resistance and Others.

The global seed market is segmented by trait into herbicide tolerance, insecticide resistance, and other traits. Herbicide-tolerant seeds are genetically modified to withstand the application of specific herbicides, allowing farmers to effectively control weeds without harming the crop. This trait has gained popularity due to its ability to simplify weed management practices and increase crop yields.Insecticide-resistant seeds are genetically modified to produce proteins that are toxic to certain insects, offering protection against pest damage. This trait reduces the need for chemical insecticides, leading to cost savings for farmers and reduced environmental impact.

the use of insecticide-resistant seeds can improve crop quality and yield stability.Other traits in the seed market include disease resistance, drought tolerance, and improved nutritional content. These traits are designed to address specific challenges faced by farmers, such as crop diseases, water scarcity, and nutrient deficiencies. The development of seeds with these traits is crucial for ensuring food security and sustainability in agriculture.

Global Seed Market, Segmentation by Geography

In this report, the Global Seed Market,Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Seed Market Share (%), by Geographical Region, 2023

North America, particularly the United States, is a global leader in agricultural research and development. The region has a strong foundation in biotechnology and genetic engineering, which has led to the development of advanced seed technologies. The presence of leading seed companies and research institutions in North America fosters innovation, enabling the development of high-quality and high-performance seeds. Also, North America is a significant exporter of agricultural products, including seeds. The region's high-quality seeds are sought after globally, and North American seed companies have established strong international market presence. The export opportunities contribute to the region's dominance in the global seeds market. North America and Europe are major markets for seeds, driven by advanced agricultural practices and high adoption rates of genetically modified seeds.

The Asia Pacific region is witnessing rapid growth in the seed market due to increasing population and rising demand for food. In contrast, the Middle East and Africa region are characterized by a growing focus on improving agricultural productivity to meet the food demands of their populations. Latin America is also a significant market, with Brazil and Argentina being major producers and exporters of seeds, particularly soybeans and corn.

This report provides an in depth analysis of various factors that impact the dynamics of Global Seed Market. These factors include; Market Drivers, Restraints and Opportunities.

Drivers, Restraints and Opportunity Analysis

Drivers

• Increasing Demand for Food Security
• Technological Advancements in Seed Development
• Growing Adoption of Precision Agriculture

• Growth in the usage of oilseeds by animal feed manufacturers:- The co-products from refining oilseeds are used by the animal feed industry. Oilseed meal is a source of high protein content. This has led to an increase in the demand for oilseed meals from feed manufacturers. Soybean meal is the most popular soybean meal for animal feed manufacturers due to its high protein content. The growing demand for protein-rich vegetable protein meals like soybean meal, sunflower meal, cottonseed meal, etc., is expected to drive the oilseed market growth over the next few years. Only a small portion of the oilseed is fed as whole seeds to animals. However, the by-product of processing the oilseed is used extensively in animal feed.
  
  Due to the EU ban on Meat and Bone Meal (MBM), it is largely replaced by other protein sources such as soy meal, oilseed meal, cereals, and pulses.According to Agriculture and Rural Development (European Commission), 54% of the total protein material is used in the animal feed sector, which mainly uses soybean meal as a vegetable protein source. This is increasing the demand for oilseeds in the market.Apart from this, significant investments in plant-based protein companies and the rapid growth of the industry have resulted in increased research, development, and marketing efforts. This has led to the introduction of new and improved plant-based protein products, attracting more consumers to choose these alternatives.

Restraints

• Stringent Regulations and Policies
• Increasing Concerns About GM Seeds
• Rising Competition From Alternative Farming Practices

• Low yield of crops in under-irrigated areas:- Largely, the crops produced in developing countries include rice, corn, wheat, groundnut, rapeseed, mustard, soybean, sunflower, and safflower. These products hold a significant share in the global seeds market due to their use in the food, feed, and chemical industries. There is an increased demand for seeds of these crops, which raises the demand for productivity, drought tolerance, and better insect resistance. However, in developing countries such as India, South Africa, and Turkey, the production of crops is mainly dependent on the rains, which reduces productivity.
  
  In order to improve crop production, the following measures are taken into consideration:Bringing additional areas under irrigation, Promoting modern crop technology and better dry farming, Strengthening the value chain, Due to uncertainty in the climatic conditions, there is an increased need for more irrigated areas for the production of cereal crops and oilseed crops. For instance, groundnut seeds require an optimum temperature of 20 °C (68 °F) to 30 °F (86 °F) and 50–75 mm rainfall. This oilseed is also highly susceptible to damage by frost, drought, continuous rain, and stagnant water. To prevent this, the crops need a typical environment and the proper amount of water for higher yield, which can be achieved through irrigation. Thus, it can be seen that there is low productivity in the fields without irrigation systems than in the fields with irrigation systems.

Opportunities

• Expansion in Emerging Markets
• Development of Climate-Resilient Seeds
• Integration of Digital Technologies

• Molecular breeding in seeds:- Gene-tagged markers help reduce the time consumed in selecting the desired genes in progenies and parents. Molecular breeding allows breeders to identify desirable traits more rapidly and accurately than traditional breeding methods. By using molecular markers linked to specific traits, breeders can screen and select plants with desired traits at an early stage, reducing the time required for multiple generations of crossbreeding.By incorporating molecular markers, breeders can reduce the subjectivity and ambiguity associated with phenotypic selection, making the breeding process more accurate. Molecular breeding helps overcome challenges such as environmental influences, phenotypic plasticity, or traits that are difficult to evaluate visually.
  
  It has been found that genetic engineering and modification are better options for developing improved, disease-resistant oilseed varieties as compared to MAS and other molecular breeding techniques. Apart from company efforts, several breeding programs have been developed for oilseeds using molecular breeding techniques and molecular markers for the gene selection process. China and India are the main countries engaged in using MAS for the development of high-yielding oilseeds. More programs are to be introduced in the near future, which can help in using other molecular breeding technologies for oilseed production.

Key players in Global Seed Market include

• BASF SE (Germany)
• Bayer AG (Germany)
• KWS SAAT SE & Co. KGaA (Germany)
• Corteva (US)
• Advanta Seeds (India)
• Sakata Seed Corporation (Japan)
• Rallis India Limited (India)
• FMC Corporation (US)
• TAKII & CO.,LTD. (Japan)
• Longping High-Tech (China)

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis