Market Trends of asia-pacific seed Industry
The increasing demand for row crops in the region, combined with the high export potential of row crops, is driving the row crop area
- In the Asia-Pacific region, row crops dominated the total cultivated acreage in 2022, which accounted for more than 95.0% of the total cultivated area in 2022. The primary row crops cultivated in the region include rice, wheat, corn, sunflower, soybean, and other grains and cereals. In 2022, grains and cereals dominated the row crop acreage with a significant share of about 68.0%. This domination of grains and cereals is due to their substantial regional production output.
- The area under grains cereals accounted for 67.4 million hectares in 2022, in which rice held the major share in acreage in Asia. This is because high temperatures and abundant rainfall during the summer and monsoon seasons have provided ideal conditions for rice growing in Asia. Millets are mostly grown in the regions of India, China, and Pakistan. India is the world's leading producer of millet.
- • The overall row crop acreage increased by about 8.9% between 2017 and 2022. This is due to the growing demand for row crops in the region, and crops such as rice and wheat are staple food crops in most countries in the region. Moreover, in countries such as China and India, governments promote agriculture through various schemes such as the National Food Security Mission (NFSM) in India.
- China and India are the major row crop exporting countries in the region. In 2022, India exported about 22.2 million tons of rice during the same year. The overall rice cultivated area in the region is anticipated to increase by about 6.7% and reach 154.2 million hectares by the end of the forecast period. This is due to the growing demand and the high export potential of rice. The growing demand for row crops is anticipated to drive the acreage during the forecast period.
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Increasing demand for fodder in livestock farming is driving the usage of hybrid forage seeds having disease resistant, wider adaptability, and early maturity traits
- Alfalfa and forage corn are the major forage crops because of their benefits to livestock rearing, such as more digestibility and high protein. They also allow farmers to attain greater yields without sacrificing quality. Wider adaptability for alfalfa was the largest adopted trait as there have been weather changes, high demand for early maturity, and low lignin content in a single product to minimize the usage of different inputs.
- The most common and harmful fungal diseases of alfalfa are fusarium and brown spot. They can reduce the productivity of plants by 30% or more. Therefore, the demand for alfalfa varieties with disease-resistant traits increases for alfalfa growers to achieve higher productivity. Additionally, alfalfa with low lignin traits is cultivated in Japan as the low-lignin trait alfalfa is highly digestible, and it offers a 15-20% increase in yield. Therefore, the demand for alfalfa with low lignin traits is expected to increase in the region during the forecast period.
- Forage corn with high yield potential, drought tolerance, disease tolerance, early maturity, and lodging tolerance traits are in high demand. Among these traits, the early maturity trait had the largest share as it has a high demand in the livestock industry. To meet this demand, the growers cultivate the crop in the off-season and reduce the cultivating period to normal cultivation by 1-2 weeks than normal cultivation. For instance, Land O' Lakes provides about 44 products with drought tolerance and early maturity traits.
- To prevent the increasing losses from diseases and increase productivity in a shorter period, the seeds with traits such as disease resistance, early maturity, and drought tolerance are fueling the market's growth.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- High consumption demand of salad, and leading vegetable-producing countries such as India and China are driving the increase in the area of cultivation
- Drought tolerant and disease resistance are the major traits helping in increasing the market growth in the region
- Demand for high-yielding wheat varieties and the susceptibility of cotton to Bollworms and drought are driving the demand for seeds with high-yielding agronomic traits
- Cabbage and lettuce seeds with wider adaptability and suitable for protected cultivation are gaining popularity among farmers who are adopting new cultivation practices
- Perishability and susceptibility to fungal and virus infestations are driving the usage of new disease resistant varieties of tomato and chilli in the region
- Hybrid breeding dominated the market, with major companies involved in developing high-yielding varieties with resistance against pests and diseases
