Global Seed Market Size By Trait (Herbicide-Tolerance, Insect-Resistance), By Type (Conventional, Genetically Modified), By Crop Type (Cereals & Grains, Oilseeds & Pulses), By Geographic Scope And Forecast

Seed Market Size And Forecast

Seed Market size was valued at USD 113.96 Billion in 2024 and is projected to reach USD 188.6 Billion by 2031, growing at a CAGR of 6.50% from 2024 to 2031.

• Flowering plants (angiosperms) reproduce by seeds, which are the major mode of plant proliferation. They are made up of an embryo, endosperm, and a protective seed coat. Seeds are important in agriculture and horticulture as they are required for the growth of crops, ornamental plants, and forest species. They provide genetic variety and are essential for breeding programs aiming at generating improved varieties with characteristics such as disease resistance, drought tolerance, and higher yields.
• Seeds are set for tremendous breakthroughs thanks to biotechnology and genetic engineering. CRISPR technology, for instance, allows for precise alterations to seed DNA, resulting in crops that can better tolerate climate change, pests, and diseases. The growing demand for organic and sustainable farming practices has sparked interest in culture and native seed varieties, which enhance biodiversity and ecosystem health. As the world’s population grows, the seed business will most likely focus on improving seed quality, resilience, and nutritional content to assure food security and sustainable agricultural methods in the future decades.

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Global Seed Market Dynamics

The key market dynamics that are shaping the global seed market include:

Key Market Drivers:

• Growing Global Population and Food Demand: The growing world population, which is expected to reach 9.7 billion by 2050 according to the United Nations, is dramatically increasing food consumption, needing a 70% increase in agricultural production from 2005 levels, as emphasized by the Food and Agriculture Organization. This spike in demand is being driven by several causes, including urbanization, which is causing dietary shifts toward more resource-intensive foods, changing consumer tastes for higher-quality and variety food products, and the need to feed developing countries’ expanding middle classes.
• Adoption of Genetically Modified (GM) Seeds: The adoption of genetically modified (GM) seeds is increasing, with the International Service for the Acquisition of Agri-biotech Applications (ISAAA) claiming that 190.4 million hectares of biotech crops were cultivated globally in 2019, a 112-fold increase since 1996. This trend is driven by the need for increased agricultural yields and pest and disease resistance, which are critical for fulfilling rising global food demand.
• Climate Change and Need for Resilient Crops: Climate change has a substantial impact on agriculture, with the Intergovernmental Panel on Climate Change (IPCC) predicting a 2% decline in global agricultural productivity every decade owing to altering weather patterns. This dangerous trend is boosting demand for seeds that can withstand environmental challenges such as drought and severe heat. Farmers are increasingly looking for drought-tolerant and heat-resistant seed varieties to help them maintain output in the face of unpredictable weather and declining soil health.

Key Challenges:

• Intellectual Property Issues: Protecting intellectual property rights (IPR) is a key difficulty in the seed business, particularly with the rise of biotechnological discoveries. Patent disputes can result in costly legal battles, and the threat of infringement could prevent businesses from engaging in R&D. These concerns can hinder the adoption of better seed types and limit farmers’ access to cutting-edge technologies that can boost crop output.
• Climate Change Impact: As weather patterns shift, farmers are more vulnerable to extreme weather events, pests, and diseases. The unpredictable nature of climate conditions makes it difficult to produce and maintain seed varieties appropriate for local regions. Farmers may struggle to adapt to these changes, resulting in lower yields and increased food insecurity. To address these rising difficulties, the seed market must prioritize the development of more resilient varieties.
• Pest and Disease Resistance: The emergence of pests and diseases that are resistant to conventional control measures presents a substantial threat to crop productivity. As pests change and adapt, traditional seed varieties may become less effective, leading to poorer yields and a greater reliance on chemical inputs. The seed market must prioritize breeding projects that improve pest and disease resistance in order to assure sustainable agriculture and lessen the environmental effects of farming methods.

Key Trends:

• Rise of Biotechnology: Biotechnology is transforming the seed market by allowing the introduction of genetically modified (GM) seeds with improved features like as pest resistance, drought tolerance, and nutritional content. This movement is being driven by a desire to increase agricultural production and sustainability in response to rising food demand. As farmers seek strategies to address climate change and pests, biotech seeds are becoming increasingly important for meeting global food security challenges.
• Sustainable and Organic Seed Production: As consumer awareness and demand for organic and sustainably produced foods grow, the seed market is shifting their focus to organic seed production. This trend is motivated by health concerns, environmental sustainability, and a desire for greater openness in food systems. As more people seek out organic food, producers are using organic techniques and need certified organic seeds, resulting in a substantial shift in seed production and supply strategies.
• Shift to Digital Seed Distribution: The use of digital platforms for seed distribution is increasing, allowing farmers to access seeds more readily and efficiently. This trend is driven by the need for convenience and the growing usage of e-commerce in agriculture. Farmers now have better access to a wider range of seeds, including specialist and hybrid types, allowing them to make more educated decisions based on their individual needs.

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Global Seed Market Regional Analysis

Here is a more detailed regional analysis of the global seed market:

North America:

• The Asia-Pacific region is a global seed market powerhouse, thanks to its dominating region, rapidly growing economy, and rising food needs. With more than 4.3 billion people, or approximately 60% of the global population, an effective agriculture industry is critical. The Asian Development Bank (ADB) expects the region’s economy to grow by 4.8% in 2024, increasing demand for diverse and nutritious food products. As urbanization and earnings rise, so does the need for processed and value-added foods, resulting in consumption patterns that necessitate improved agricultural practices.
• The seed market in Asia-Pacific is expected to grow at a CAGR of 7.9% between 2021 and 2026, driven primarily by the use of hybrid and genetically modified (GM) seeds. According to reports, 19 million Asian farmers planted 14.1 million hectares of biotech crops in 2019, reflecting the region’s willingness to adopt sophisticated seed technologies. Climate change also poses a substantial danger to agricultural productivity, with certain areas projected to lose 20-30% by the end of the twenty-first century. The growing number of farmers adopting modern agricultural practices to increase crop output and assure food security fuels the demand for high-quality, high-yielding seed varieties.

Rest of the World:

• The Rest of the World (RoW) region, which includes Africa and Latin America, is emerging as the fastest-growing part of the global seed market, driven by rapid economic development, increased urbanization, and an increased emphasis on agricultural productivity and food security. The World Bank forecasts that Sub-Saharan Africa’s GDP will develop by 3.7% in 2024 and 3.9% in 2025, while Latin America and the Caribbean will grow at 2.3% and 2.5%, respectively. This economic progress is strongly tied to agricultural innovation and the growing demand for high-quality seeds, as Africa’s population is expected to double by 2050, putting additional pressure on the agricultural sector to enhance productivity.
• In Latin America, the adoption of genetically modified (GM) crops is a major driver of the seed market, with countries in the region planting 85.3 million hectares of biotech crops in 2019, accounting for 44% of the global total. Climate change has a significant impact on this sector, with forecasts showing a 50% drop in agricultural productivity in portions of Africa by 2050. This risk increases the demand for drought- and heat-resistant seed types. Government measures, such as the African Union’s Comprehensive Africa Agriculture Development Programme and Brazil’s large agricultural investment, demonstrate a commitment to increasing agricultural output.

Global Seed Market: Segmentation Analysis

The Global Seed Market is Segmented on the basis of Trait, Type, Crop Type, And Geography.

Seed Market, By Trait

• Herbicide-Tolerance
• Insect-Resistance

Based on Trait, the market is bifurcated into Herbicide-Tolerance and Insect-Resistance. The herbicide-tolerance segment is currently dominant due to broad adoption by farmers looking to successfully manage weeds and boost crop yields. This technology allows crops to withstand certain herbicide applications, reducing weed competition and allowing for more effective farming operations. The insect-resistance segment is the fastest-growing, driven by the growing demand for sustainable pest control solutions and the rising costs of chemical insecticides. The growing knowledge of the benefits of integrated pest management (IPM) approaches, as well as the demand for increased crop output without compromising environmental health.

Seed Market, By Type

• Conventional
• Genetically Modified

Based on Type, the market is segmented into Conventional and Genetically Modified. The conventional segment is currently dominant due to its long-standing traditions and broad use by traditional farmers, who favor non-GM crops for a variety of reasons, including legislative barriers and customer preferences. Conventional seeds are widely seen as more natural and are frequently sought after for organic farming practices. The genetically modified (GM) category is expanding at the highest rate, owing to rising demand for higher agricultural yields, improved insect resistance, and greater tolerance to environmental challenges. As farmers face issues such as climate change and the need for sustainable agriculture, their use of GM seeds is increasing.

Seed Market, By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables

Based on Crop Type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables. The cereals and grains market is currently dominant, accounting for a sizable share due to increasing globally demand for staple foods including rice, wheat, and maize. These crops are critical for food security, accounting for a sizable share of global caloric intake. The fruits and vegetables market is developing at the fastest rate, owing to rising consumer health consciousness and increased demand for fresh goods. Urbanization, dietary trends toward plant-based diets, and the increased popularity of organic fruits and vegetables all contribute to this rapid growth.

Seed Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Seed Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific dominates the seed market due to its large population and growing food demand. The Rest of the World is witnessing the most rapid growth, owing to economic development, urbanization, and government agricultural promotion measures.

Key Players

The “Global Seed Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Bayer AG, DowDuPont, Inc., Syngenta AG, Monsanto Company, Groupe Limagrain, KWS SAAT SE, Land O’Lakes, Inc., Maharashtra Hybrid Seeds Co., Gansu Dunhuang Seeds Co. Ltd, and Sakata Seeds Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Seed Market Recent Developments

• In August 2023, Bayer AG launched the herbicide-tolerant biotech corn Dekalb DK95R in Banggo village, Manggalewa district, Dompu Regency, West Nusa Tenggara, Indonesia.
• In July 2023, Syngenta announced a new hybrid winter barley that is resistant to barley yellowing virus (BYDV) and produces more.
• In July 2023, BASF enhanced its Xitavo soybean seed line with the inclusion of 11 new high-yielding varieties for the 2024 growing season, equipped with Enlist E3 technology to combat tough weeds.

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