Market Trends of asia-pacific vegetable seed Industry
High consumption demand of salad, and leading vegetable-producing countries such as India and China are driving the increase in the area of cultivation
- The area under cultivation for vegetables in Asia-Pacific is lower than that of row crops. In 2022, 5.5% of the area was cultivated as vegetables, which are more vulnerable to adverse weather, leading to a higher risk of failure. The inefficiency in meeting the supply and demand in different countries and the lack of good quality infrastructure for storage also restrain the growers from cultivating more vegetables than grains such as rice and corn.
- Roots and bulbs had the largest share in the area used to cultivate vegetables. The segment had a share of 51% in 2022 as the region is one of the major producers of onion and potato. Consumers in the region prefer onions for seasoning and high export potential, and potato is used in Indian cuisines such as aloo tikki, paranthas, and others, which lead to a high area under onion and potato cultivation. For instance, the area under onion cultivation in Asia-Pacific was 36.3 million ha, of which India and China accounted for 69% in 2022.
- India and China are the primary producers of tomatoes. The area under tomato cultivation in India increased from 797,000 ha in 2017 to 857,321.1 ha in 2022 and from 1.0 million ha to 1.1 million ha during the same period in China. Increased cultivation area will increase demand for tomato seeds in the region. Moreover, other unclassified vegetables such as lettuce, spinach, and other green leafy vegetables witnessed a growth of 3.1% in the area cultivated from 2017 to 2022 due to an increase in the demand for these vegetables as they have high nutritional value and increase in the consumption of salads. Therefore, the rising demand for vegetables, with the region being a major producer of roots and bulbs, is increasing the area of vegetable cultivation in the region during the forecast period.
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Cabbage and lettuce seeds with wider adaptability and suitable for protected cultivation are gaining popularity among farmers who are adopting new cultivation practices
- Asia-Pacific is one of the leading global cabbage and lettuce producers. There is a high demand from growers for seed varieties with traits such as disease resistance, bolting tolerance, and wider adaptability to gain higher profits. The major players in the market, such as Bayer AG, BASF SE, and Syngenta, are providing seed products with traits that resist early rots and leaf diseases, along with higher productivity. These seed varieties are witnessing high demand to prevent crop losses from diseases and increase yield and quality. The other traits, such as leaf color, size, and heat resistance, are widely adopted by lettuce and cabbage growers to produce crops for salads and high nutritional values.
- The demand for seeds with broader adaptability traits is expected to increase across the region due to the change in yields caused by increasing temperature and shifts in rainfall patterns in the growing seasons that affect crop productivity. Companies such as Syngenta AG, BASF SE, and Bayer AG provide seeds with these traits to grow in adverse weather conditions.
- Lettuce is a cool-season vegetable crop. Due to the increasing demand for lettuce in the off-season, farmers are using protected cultivation for the crop. High summer temperatures in a greenhouse can cause lettuce to bolt prematurely. Therefore, the demand for bolting-resistant varieties is expected to grow to prevent bolting and increase lettuce cultivation in the summer. Furthermore, the seed companies provide products with disease-resistant traits to resist downy mildew and big veins.
- The prevalence of different diseases, changes in weather conditions, and new cultivation methods are increasing the demand for new seed varieties during the forecast period.
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Understand The Key Trends Shaping This Market
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 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 technique dominates the market as these seeds increase the yield and reduce the losses
