According to the report by Expert Market Research (EMR), the global seeds market size reached a value of USD 75.20 billion in 2023. Aided by the increasing demand for high-quality seeds and the growing applications of advanced agricultural practices, the market is projected to further grow at a CAGR of 7% between 2024 and 2032 to reach a value of USD 112.64 billion by 2032.
Seeds are the fundamental agricultural inputs used for crop production. They play a crucial role in determining the yield, quality, and overall success of crops. Apart from traditional farming, seeds are also extensively used in horticulture, floriculture, and other specialized agricultural practices. The growing emphasis on food security and sustainable agriculture is driving the demand for high-quality seeds.
One of the primary drivers of the seeds market growth is the rising demand for high-quality and high-yielding seeds. With the growing global population and the increasing need to enhance food production, farmers are focusing on improving crop yields and quality. The use of genetically modified (GM) seeds and hybrid seeds has significantly contributed to higher crop productivity, driving market growth.
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The expanding applications of advanced agricultural practices also play a significant role in propelling the market. The adoption of precision farming, organic farming, and integrated pest management (IPM) practices is increasing the demand for specialised seeds. These practices enhance crop efficiency, reduce input costs, and improve environmental sustainability.
The increasing consumer awareness of health and nutrition is another significant factor driving the market. Consumers are increasingly seeking healthy and nutritious food products, leading to a growing demand for organic and non-GMO seeds. The rise of health-conscious consumers and the growing popularity of plant-based diets are expected to further boost the demand for high-quality seeds, consequently driving up the seeds market share.
Technological advancements in seed development and production are significantly enhancing the quality and efficiency of seeds. The use of biotechnology and genetic engineering has revolutionised the seed sector, leading to the development of GM seeds with desirable traits such as pest resistance, drought tolerance, and improved nutritional content. These innovations have improved crop resilience and productivity, meeting the evolving needs of farmers and consumers.
The development of seed treatment technologies is also driving market growth. Seed treatments, including coatings and inoculants, protect seeds from pests and diseases, enhance germination rates, and improve seedling vigour. These treatments ensure healthy crop establishment and reduce the need for chemical inputs, contributing to sustainable agriculture.
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As per the seeds market outlook, the rise of digital agriculture and data-driven farming practices is another notable trend in the market. The use of digital tools and platforms, such as satellite imagery, drones, and IoT sensors, enables farmers to monitor crop health, optimize planting schedules, and make informed decisions about seed selection. These technologies enhance farm productivity and efficiency, driving the demand for high-quality seeds.
North America holds a significant share of the global market, driven by substantial investments in agricultural research and development and the widespread adoption of advanced farming practices. The United States, in particular, is a major market for seeds, with a strong emphasis on GM seeds and high-yielding hybrid varieties. The region’s well-established agricultural infrastructure and the presence of leading seed companies further contribute to market growth.
As per the seeds market analysis, in Europe, the market is experiencing steady growth, supported by the strong focus on sustainable agriculture and organic farming. Countries such as France, Germany, and the Netherlands are key contributors to the European seeds market, driven by their advanced agricultural practices and high demand for organic and specialty seeds. The European Union’s stringent regulations on GM crops and pesticides are fostering the adoption of organic and non-GMO seeds.
Market Segmentation
The market can be divided based on crop type, seed type, genetically modified seed traits, seed treatment, seed availability, and region
Market Breakup by Crop Type
- Oilseeds
- Soybean
- Sunflower
- Cotton
- Canola/RapeSeeds
- Cereals and Grains
- Corn
- Wheat
- Rice
- Sorghum
- Fruits and Vegetables
- Tomatoes
- Melons
- Brassica
- Pepper
- Lettuce
- Onion
- Carrot
- Others
- Alfalfa
- Clovers and Other Forage
- Flower Seeds
- Turf Grasses
Market Breakup by Seed Type
- Genetically Modified Seeds
- Conventional Seeds
Market Breakup by Genetically Modified Seed Traits
- Herbicide-Tolerant
- Insecticide-Resistant
- Others
Market Breakup by Seed Treatment
- Treated
- Non-Treated
Market Breakup by Seed Availability
- Commercial Seeds
- Saved Seeds
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global seeds market. Some of the major players explored in the report by expert market research are as follows:
- Bayer AG
- Syngenta Group Co., Ltd.
- Groupe Limagrain Holding
- Corteva, Inc
- Sakata Seeds Corporation
- Rallis India Limited
- Others
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