Canada seeds market is anticipated to grow significantly through 2028, due to the increasing demand for high-quality seeds, rising adoption of genetically modified (gm) seeds, government initiatives to promote sustainable agriculture, increasing focus on research and development, the growing popularity of organic seeds, and expansion of the e-commerce platform for the sale of seeds.
According to Canadian Seed Growers Association, annual seeds market in Canada contribute almost USD 6 billion to the Canadian economy in which seeds worth USD 646 million are exported to other countries, including the United States, China, Ireland, Japan, and Turkey
The government of Canada is implementing various initiatives to promote sustainable agriculture. These initiatives include providing financial assistance to farmers, promoting the use of water-saving irrigation techniques, and encouraging farmers to adopt crop rotation practices. These initiatives are expected to boost the growth of the Canada seeds market in the forecasted period.
Increasing Demand for High-Quality Seeds is Driving the Canada Seeds Market Growth
According to Canadian Seed Growers Association, Canadian farmers or farms consume seeds valued at USD 2.8 billion and 3,487 seed growers produced pedigreed seed on 1.33 million acres in 2018.
High-quality seeds have advanced genetic traits and characteristics that enhance crop productivity. They are bred and selected to exhibit traits such as disease resistance, tolerance to environmental stresses, and higher yield potential. Farmers are increasingly adopting these seeds to maximize their agricultural output and meet the growing demand for food. High-quality seeds are developed to produce crops with improved quality attributes such as taste, nutritional content, and appearance. Consumers are becoming more conscious of the food they consume and seek products that meet their preferences. As a result, there is a growing demand for high-quality seeds that can deliver crops with superior quality attributes, driving market growth.
Canadian seeds were exported to over 100 different countries and were valued at approximately USD 646 million. Among the 100 countries, the top 5 importing nations were the United States (USD 403 million), China (USD 47 million), Ireland (USD 31 million), Japan (USD 19 million), and Turkey (USD 13 million).
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Rising Adoption of Genetically Modified (GM) Seeds is a Driving the Canada Seeds Market Growth
The rising adoption of genetically modified (GM) seeds is indeed a significant driver of the Canada seeds market growth. Genetically modified seeds have been developed through biotechnology techniques to introduce specific genetic traits into plants. GM seeds are engineered to possess desirable traits such as insect resistance, herbicide tolerance, and disease resistance. These traits help protect crops from pests, weeds, and diseases, leading to increased crop yields. Higher yields are crucial for meeting the growing demand for food and enhancing agricultural productivity, thus driving the demand for GM seeds. Genetically modified seeds are designed to have a built-in resistance to certain pests or tolerance to specific herbicides. This enables farmers to effectively manage pests and weeds, reducing the need for extensive chemical pesticide or herbicide applications. The adoption of GM seeds simplifies pest and weed management, making farming more efficient and cost-effective.
As an outcome, Canadian farmers planted approximately 10.9 million hectares of genetically engineered (GE) crops in 2020 to increase their product and profitability.
The adoption of GM seeds is driven by continuous research and development investments in biotechnology. Seed companies invest in developing and improving GM seed varieties to address specific challenges faced by farmers, such as pests, diseases, and environmental stressors. These ongoing innovations and advancements in GM seed technology drive market growth by providing farmers with improved seed options. Canada has a well-established regulatory framework for the evaluation and approval of GM crops and seeds. The existence of a clear and predictable regulatory process ensures that GM seeds meeting safety standards can enter the market. This regulatory support facilitates the adoption of GM seeds, giving confidence to farmers and seed companies, thereby driving Canada seeds market growth in the forecasted period.
Supportive Government policy is a Key Factor Driving the Canada Seeds Market Growth
Such as the Ministry of Agriculture and Agri-Food, has announced to do investment of USD 750,000 for SeedChange to achieve an enhanced Canadian seed system that is fortified to support the development and long-term competitiveness of vegetable varieties and farmer-bred grain for organic and climate-resilient farming.
The Canadian government has a robust regulatory framework for the evaluation, approval, and commercialization of new seed varieties, including genetically modified (GM) seeds. The regulatory process ensures that seeds meet safety and environmental standards before entering the market. A clear and predictable regulatory framework provides confidence to seed companies, encourages investment in research, and facilitates the introduction of new seed technologies, fostering market growth.
The Canadian government actively supports the export of agricultural products, including seeds. It facilitates market access through trade agreements, diplomatic efforts, and market development programs. Government support in navigating international trade barriers and promoting Canadian seeds abroad expands export opportunities for seed companies, driving the market growth.
The government implements programs that promote crop improvement and support the adoption of high-quality seeds. These programs provide incentives, subsidies, and technical assistance to farmers to encourage the use of improved seed varieties. By supporting farmers in accessing and utilizing high-quality seeds, the government stimulates market demand and drives growth in the seeds sector.
The Canadian government recognizes the importance of intellectual property rights (IPR) for the seed industry. It has established mechanisms and regulations to protect plant breeders' rights and ensure fair compensation for seed developers. Strong IPR protection encourages investment in seed research and development, incentivizes innovation, and fosters market growth by providing a secure and predictable business environment.
The government promotes collaboration between industry stakeholders, research institutions, and government agencies. It facilitates partnerships and knowledge-sharing platforms that support seed-related initiatives. These collaborations strengthen the seed industry's capacity for innovation, enhanced research capabilities, and drive market growth through collective efforts. Hence, all these factors collectively contribute to the growth and expansion of the Canada seeds market.
In Canada, Canadian Food Inspection Agency (CFIA) is liable for the administration of the “Seeds Act” and “Seed Regulations” to help ensure that seeds sold in, imported to, and exported from Canada accomplish the established standards for quality and are labeled so that they are properly represented in the marketplace, and are registered before the sale in Canada.
Market Segmentation
Canada seeds market
Company Profiles
OSC Seeds (Ontario Seed Company Limited), West Coast Seeds, Veseys Seeds Ltd., Stokes Seeds Inc., The Incredible Seed Company Ltd., T&T Seeds Ltd., William Dam Seeds, Heritage Harvest Seed, Wildflower Farm & Seed Company, and Meridian Seeds
Attribute
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Details
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Base
Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028
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Report Coverage
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Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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Crop Type
Trait
Availability
Sales Channel
Seed Treatment
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Regional scope
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Ontario, Quebec, The
West, British Columbia, Atlantic Canada, The North
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Key companies profiled
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OSC Seeds (Ontario Seed
Company Limited), West Coast Seeds, Veseys Seeds Ltd., Stokes Seeds Inc., The
Incredible Seed Company Ltd., T&T Seeds Ltd., William Dam Seeds, Heritage
Harvest Seed, Wildflower Farm & Seed Company, and Meridian Seeds.
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Customization
scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase
options to meet your exact research needs. Explore
purchase options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request)
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