Seed Market By Seed Type (Traditional Seeds, Genetically Modified (GM) Seeds, Hybrid Seeds), By Treatment (Treated seeds, Untreated Seeds), By End User (Commercial Farmers, Smallholder Farmers, Home Gardeners), & Region for 2024-2031

Seed Market Valuation – 2024-2031

The seed market expansion is being pushed by agricultural technology, the need to boost food supply, and the increased use of biofuels and animal feed. Furthermore, food variety, advancements in seed technologies such as seed coating and seed pelleting, increased use of wasteland for agricultural uses, and a more flexible regulatory stance are expected to support market expansion. The market size surpass USD 113.96 Billion valued in 2024 to reach a valuation of around USD 188.6 Billion by 2031.

The rising adoption rate of biotech crops will emerge as a primary element driving seed industry growth. In addition, a rise in seed replacement rate, increased usage of oil seed by animal feed producers, and rising demand from the biofuel industry will all have an impact on the seed market’s growth rate. Other variables, such as a significant shift in farming practices and increased demand for protein meals, will help to soften market development. The rising demand for seed is enabling the market to grow at a CAGR of 6.50% from 2024 to 2031.

Seed MarketDefinition/ Overview

Seeds are nature’s small parcels full of potential. In the plant world, they are the principal means of reproduction. Each seed contains a small plant embryo as well as a food store to support its early development. This protective covering, known as the seed coat, protects the embryo until optimal conditions cause germination. With water, warmth, and sunlight, the seed sprouts, and the embryo grows into a seedling, then a mature plant.

The worldwide seed market is an important part of the agriculture sector, covering the manufacture, distribution, and sale of seeds for a variety of crops. It contributes significantly to food security and agricultural sustainability by supplying farmers with high-quality seeds for sowing. The market offers a vast variety of seeds, including grains, oilseeds, vegetables, fruits, and pulses, each adapted to unique climatic conditions, soil types, and consumer preferences globally.

Growing population, changing eating patterns, and the need for increased crop yields to meet food demand are all key drivers of the worldwide seed market’s growth. Furthermore, advances in biotechnology and genetic engineering have resulted in the production of genetically modified (GM) seeds with features such as pest resistance, herbicide tolerance, and improved nutritional profiles, hence boosting market growth. However, legal impediments, concerns about biodiversity and environmental effect, and access to affordable seeds in underdeveloped countries all represent substantial barriers to industry growth. Overall, the worldwide seed market is dynamic, always evolving to meet the changing needs and difficulties of modern agriculture.

Will the Growth of Oil Seeds by Animal Feed and Manufactures Drive the Seed Market?

The increased use of oilseeds by animal feed makers is expected to have a substantial impact on the seed market. As global demand for meat, dairy, and other animal products increases due to population expansion and rising disposable incomes, so does demand for oilseed-based animal feed. Oilseeds, such as soybeans, rapeseed, and sunflower seeds, are high in protein and fat, both of which are necessary for animal growth and production. This increase in demand for oilseed-derived feed is likely to result in greater growth of oilseed crops, boosting the seed market.

Oilseeds are versatile enough to be used in a variety of industrial purposes, including food and biofuels. Oilseeds are used to produce vegetable oils, which are essential ingredients in cooking oils, margarine, salad dressings, and a variety of processed foods. Furthermore, the biodiesel industry relies largely on oilseed crops for the manufacture of sustainable fuel. As consumer awareness of environmental sustainability rises and governments embrace laws that promote renewable energy sources, demand for oilseed-based biofuels is likely to rise, fueling further expansion in the seed industry. However, weather uncertainty, geopolitical concerns affecting commerce, and regulatory obstacles associated with genetically modified oilseed crops may limit market expansion.

Will the Low Yield of Crops in Under Irrigated Area Hamper the Demand for the Seed Market?

The low yield of crops in under-irrigated areas can indeed pose challenges to the demand for the seed market. Insufficient water availability can severely limit crop productivity, leading to lower yields and diminished profitability for farmers. In such regions, farmers may be reluctant to invest in high-quality seeds, including genetically improved varieties, if they lack confidence in achieving satisfactory returns on their investment due to water scarcity. Additionally, the risk of crop failure in under-irrigated areas may deter farmers from adopting new seed technologies or planting high-value crops, further impacting demand for seeds in these regions.

Crops’ limited yield potential in under-irrigated places may have broader ramifications for food security and economic development. Reduced agricultural output may result in food shortages, higher food costs, and greater vulnerability to poverty and malnutrition in rural populations. Furthermore, a lack of investment in agricultural inputs such as seeds and irrigation equipment in under-irrigated areas can exacerbate a cycle of poverty and underdevelopment, impeding efforts to improve livelihoods and achieve long-term agricultural growth. Addressing water shortages through improved irrigation systems, water management practices, and investment in drought-resistant seed types is critical to overcoming these obstacles and increasing demand for seeds in under-irrigated areas.

Category-Wise Acumens

Will the Wide Availability of Open Pollinated Seeds Segment Drive the Seed Market?

The widespread availability of open-pollinated seeds has the potential to greatly alter the seed market by appealing to a specific group of farmers and consumers who value sustainability, biodiversity, and heritage varieties. These seeds represent a link to agricultural traditions and the preservation of genetic diversity, both of which are critical for long-term food security and resilience in the face of global climate change.

Furthermore, open-pollinated seeds help farmers become more self-sufficient by allowing them to save and trade seeds, lessening their reliance on external seed suppliers while maintaining traditional farming expertise.

Consumer demand for foods grown with open-pollinated seeds stems from a need for openness and authenticity in the food system. Consumers are more aware of the environmental and health risks associated with industrial agriculture and genetically modified organisms (GMOs), driving them to seek out alternatives that accord with their values.

As a result, items branded as cultivated with open-pollinated seeds may command higher market prices, providing economic incentives for farmers to embrace these practices. However, barriers such as restricted access to various open-pollinated seed types, potential yield unpredictability, and the requirement for specialist knowledge in seed storing and growing practices may impede the general adoption of traditional seeds in mainstream agriculture.

Will the Improved Crop Yields of Treated Seeds Drive Significant Demand for the Seed Market?

The increased crop yields associated with treated seeds are projected to stimulate significant demand in the seed market due to the huge benefits they provide farmers. Treated seeds are treated with fungicides, insecticides, and other protective agents to improve germination, repel pests and diseases, and promote healthy plant growth. These treatments serve to reduce crop losses caused by soil-borne diseases, pests, and harsh environmental conditions, resulting in higher total yields. As farmers strive to maximize production and profitability, the promise of better yields afforded by treated seeds becomes increasingly enticing, particularly in areas prone to agricultural difficulties such as pest infestations or unpredictable weather patterns.

The use of treated seeds is consistent with modern agriculture techniques aimed at efficiency, sustainability, and risk reduction. Treated seeds simplify the planting process by eliminating the need for separate pesticide and fungicide applications, lowering farmers’ labor and input costs. Furthermore, treated seeds can help to promote more sustainable farming methods by minimizing the environmental impact of excessive pesticide use and increasing resource efficiency.

As a result, the convenience, dependability, and potential for enhanced profitability associated with higher crop yields from treated seeds are likely to drive significant demand and market expansion in the seed sector.

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Country/Region-wise Acumens

Will the Highly Developed Agricultural Practices in North America Accelerate the Growth of the Seed Market?

North America’s highly sophisticated agricultural techniques are expected to greatly drive seed industry growth. The region’s modern farming techniques, such as precision agriculture, mechanization, and improved irrigation systems, create an ideal setting for maximizing the potential of high-quality seeds. These approaches boost productivity, crop yields, and the demand for high-quality seeds adapted to specific environmental conditions and cropping systems. Furthermore, the use of innovative technologies like as genetic engineering and biotechnology allows for the generation of seeds with desirable qualities such as pest and disease resistance, abiotic stress tolerance, and improved nutritional profiles, which drives market growth.

The emphasis on sustainable agriculture techniques in North America is driving the adoption of seeds that encourage environmental stewardship and resource efficiency. Farmers are increasingly looking for seeds that can reduce pesticide and fertilizer use, conserve water, and prevent soil erosion, in line with rising customer demand for sustainably derived agricultural products.

North America’s supportive legal structure and strong intellectual property rights protection stimulate investment in seed research and development, which promotes innovation and market competition. Overall, North America’s highly developed agricultural methods, technological improvements, and sustainability measures are projected to move the region’s seed market forward.

Will the Rapid Population and Urbanization in the Asia Pacific Region Drive the Seed Market Share in the Asia Pacific?

Rapid population expansion and urbanization in the Asia-Pacific area place significant strain on food systems, demanding agricultural transformation to satisfy rising demand. Asia Pacific, which is home to more than half of the world’s population, has distinct food security and environmental challenges. As urbanization proceeds, arable land becomes scarce as it is converted for urban growth, industrialization, and infrastructural developments. This shrinking land availability emphasizes the significance of increasing agricultural production per unit of land, which drives demand for high-yielding and hardy seeds.

Urbanization causes dietary trends toward more diverse and processed foods, such as fruits, vegetables, and protein-rich items. As a result, diversified agricultural production systems are required to fulfill urban populations’ diverse nutritional demands. This demand for different agricultural products highlights the importance of a growing and technologically advanced seed market. Furthermore, metropolitan areas serve as economic growth and innovation hubs, encouraging the use of contemporary agricultural practices such as precision farming techniques and genetically enhanced seeds to boost productivity and minimize the effects of land scarcity and climate change.

As a result, the Asia Pacific region’s rapid population growth, urbanization, and changing eating trends serve as a driver for the expansion of the seed industry, pushing innovation and adoption of advanced seed technologies to sustainably meet the food demands of a burgeoning population.

Competitive Landscape

The seed market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the seed market include

• Bayer AG (Germany)
• DowDuPont Inc. (France)
• Syngenta AG (Switzerland)
• Monsanto Company (US)
• Groupe Limagrain (France)
• KWS SAAT SE (Germany)
• Land O’Lakes Inc. (US)
• Maharashtra Hybrid Seeds Co. (India)
• Gansu Dunhuang Seeds Co. Ltd (China)
• (US)

Latest Developments

• In July 2022, Corteva Agriscience, BASF, and MS Technologies struck an agreement to develop next-generation Enlist E3 soybeans with the nematode-resistant soybean (NRS) trait for farmers in the United States and Canada.
• In June 2022, Arunas RZ, a new tropicalized lettuce line, is debuted. This is projected to increase the company’s market share.
• In May 2022, Syngenta Canada introduces new Pelta seed pelleting technology for canola, which helps to optimize seed size and uniformity, resulting in improved singulation planter performance.

Report Scope

Seed Market, By Category

Type

• Traditional Seeds
• Genetically Modified (GM) Seeds
• Hybrid Seeds
• Open-Pollinated Seeds
• Heirloom Seeds

Treatment

• Treated seeds
• Untreated Seeds

End User

• Commercial Farmers
• Smallholder Farmers
• Home Gardeners

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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