Seeds Market Outlook
According to the report by Expert Market Research (EMR), the global seeds market size reached a value of almost USD 75.02 billion in 2023. Aided by the growing agricultural sector and technological innovations in farming practices, the market is projected to further grow at a CAGR of 7.00% between 2024 and 2032 to reach a value of almost USD 112.64 billion by 2032.
Seeds are the primary units of reproduction in plants and are of utmost importance for the continuation of plant species. Beyond their basic reproductive role, seeds serve as a vital source of nutrition in the human diet, providing essential nutrients, vitamins, and minerals. They are used in a wide range of foods, from primary crops like rice, wheat, and maize to oilseeds such as sunflower and soybean. In addition to their nutritional offerings, seeds, especially genetically modified variants, often come with improved traits such as disease resistance, enhanced nutritional profiles, and better adaptability to climatic changes.
One of the vital seeds market trends is the rising adoption of hybrid and genetically modified (GM) seeds by the farmers. The increasing global population has put immense pressure on the agricultural sector to optimise crop yields. Hybrid and GM seeds, with their improved traits, have proven instrumental in meeting these heightened demands, leading to greater farm productivity and crop diversity.
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Additionally, the heightened awareness and adoption of organic farming practices globally is contributing to the seeds market demand. Organic seeds, untouched by synthetic pesticides or fertilisers, cater to the surging demand for natural and organic foods. As health-conscious consumers increasingly gravitate towards organic products, the demand for organic seeds in agriculture has seen a significant growth.
Another driving factor behind the seeds market growth is the global movement towards sustainable and regenerative agriculture. Sustainable practices emphasise the use of native seeds, crop rotation, and companion planting, which not only maintain soil health but also ensure better crop yield and quality. Seeds play a pivotal role in these practices, further bolstering their significance in contemporary agriculture.
The seeds market analysis provides insight about the agri-tech sector’s evolution. Technology-driven solutions such as seed treatment, precision agriculture, and smart monitoring systems have optimised the use of seeds, ensuring that their potential is fully harnessed for maximum yield and quality. Advanced biotechnologies have also facilitated the development of seeds with specific desired traits, enabling farmers to grow crops that are more resilient, nutritious, and high yielding.
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Seeds Market Segmentation
The market can be divided based on crop type, seed type, 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 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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