PUBLISHER: 360iResearch | PRODUCT CODE: 1471097
PUBLISHER: 360iResearch | PRODUCT CODE: 1471097
[182 Pages Report] The Seeds Market size was estimated at USD 79.68 billion in 2023 and expected to reach USD 85.64 billion in 2024, at a CAGR 7.56% to reach USD 132.80 billion by 2030.
The seeds market comprises producing, distributing, and selling seeds for agricultural purposes, such as crop cultivation and livestock feed. These seeds include various types, such as cereals, oilseeds, vegetables, and other specialty crops. Developing new seed varieties with improved resistance against biotic and abiotic stresses and advances in biotechnology for resistance to pests and diseases are increasing the need for seeds. However, stringent government regulations related to approvals of new seed varieties GM crops and concerns regarding their impact on the environment and human health are hampering the growth of the seeds market. Furthermore, increasing government investments in agriculture research and innovations such as precision farming techniques are expected to create opportunities for the seeds market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 79.68 billion |
Estimated Year [2024] | USD 85.64 billion |
Forecast Year [2030] | USD 132.80 billion |
CAGR (%) | 7.56% |
Seed Type: High preference for genetically modified seeds to boost agricultural yields
Conventional seeds are produced through traditional breeding methods, where plants with desired traits are naturally crossed to create offspring with those same characteristics. Farmers use these seeds for crop production due to their lower costs, ease of use, and proven track record. On the other hand, genetically modified (GM) seeds are developed using biotechnology techniques that involve altering the genetic makeup of plants at a molecular level. This process introduces desirable traits such as resistance to pests and diseases, tolerance to herbicides, and adverse weather conditions. GM seeds are preferred by farmers aiming to boost yields, cut down on the use of chemical pesticides, or grow crops in adverse conditions.
Treatment: Increasing usage of treated seeds in farming for better protection against physical and environmental barriers
Non-treated seeds are not treated with any chemicals or biological agents before planting. The primary advantage of non-treated seeds is that they provide an option for those who prefer organic farming. On the other hand, treated seeds are coated with chemical or biological products before planting to protect them from various pests, diseases, and environmental challenges during germination and early growth stages. Treated seed usage allows farmers to achieve higher yields by reducing losses caused by these factors, ultimately leading to increased food production and more efficient use of resources.
Traits: Growing need for insecticide-resistant seeds in sustainable agricultural systems to reduce crop losses
Herbicide-tolerant seeds are genetically modified to withstand specific herbicides. This allows farmers to use these herbicides selectively without harming the crops. The need for herbicide-tolerant seeds arises due to increasing weed pressure, which directly affects crop yield and quality. On the other hand, insecticide-resistant seeds possess inherent resistance against specific insects and pests that damage crops. They help to reduce crop losses and decrease the need for chemical insecticides, thus contributing to a more sustainable agricultural system.
Distribution Channel: Improving penetration of seeds on online channels for easy access and distribution
In the offline distribution channel, seeds are primarily sold through physical stores such as agro-dealer shops, supermarkets, and farmer's markets. Customers who prefer to physically inspect seed quality, seek advice from sales representatives, and make on-the-spot decisions are increasing the demand for offline stores. On the other hand, online distribution is growing due to rapid digitalization, wider access to Internet services, and increasing e-commerce adoption among consumers. Customers who prefer convenience, quick access to information about seed varieties, and the ability to compare prices across different providers often opt for online purchases.
Regional Insights
A surge in sustainable agriculture initiatives and organic farming practices has driven the demand for non-GMO and organic seeds in the Americas. The Americas is witnessing growth in demand for high-yielding and disease-resistant seeds due to changing climatic conditions. In Europe, key focus areas include breeding innovation and reduction of chemical inputs in agriculture as part of the European Green Deal and Farm-to-Fork strategy. The Middle East and African region are investing heavily in research to develop stress-tolerant crop varieties due to water scarcity issues and climate change concerns. The seed market in the Asia-Pacific region is primarily driven by the demand for high-quality vegetable seeds, promoting initiatives to increase the availability of certified seeds for farmers and technological advancements in the packaging and processing of seeds. The ongoing research and development for advancing disease protection and agricultural yields are expected to create growth opportunities for the seeds market in the Asia-Pacific region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Seeds Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Seeds Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Seeds Market, highlighting leading vendors and their innovative profiles. These include Akshay Seeds Pvt. Ltd., Barenbrug Holding B.V, BASF SE, BrettYoung, C N Seeds Ltd., Corteva, Inc., Desi Seed Producer Co. Ltd.,, DLF Seeds A/S, Enza Zaden Beheer B.V., Imperial Seed, KWS SAAT SE & Co. KGaA, Mahyco Private Limited, Namdhari Seeds Pvt. Ltd., Nirmal Seeds Pvt. Ltd., Rallis India Limited, Rasi Seeds (P) Ltd., Sakata Seed Iberica S.L.U., Savannah Seeds Private Limited, Sinochem Group Co., Ltd., SL Agritech Corporation, Super Seeds (P) Ltd., Takii & Co. Ltd., Team Seeds Pvt. Ltd., Tropica Seeds Private Limited, and Vikima Seed A/S.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Seeds Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Seeds Market?
3. What are the technology trends and regulatory frameworks in the Seeds Market?
4. What is the market share of the leading vendors in the Seeds Market?
5. Which modes and strategic moves are suitable for entering the Seeds Market?