Market Size of grain seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 41.14 Billion |
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Market Size (2030) | USD 55.99 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.27 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Grain Seed Market Analysis
The Grain Seed Market size is estimated at 41.14 billion USD in 2024, and is expected to reach 55.99 billion USD by 2030, growing at a CAGR of 5.27% during the forecast period (2024-2030).
41.14 Billion
Market Size in 2024 (USD)
55.99 Billion
Market Size in 2030 (USD)
4.87 %
CAGR (2017-2023)
5.27 %
CAGR (2024-2030)
Largest Market by Crop
58.50 %
value share, Corn, 2023
The increase in the demand for corn is due to the high-value crops, high returns on investment, and an increase in the demand for biofuel production by the lubricants industry.
Largest Market by Country
28.64 %
value share, United States, 2023
The country is the second-largest producer of grains globally, with corn and wheat being the major contributors. The country is the leading producer of biofuel globally.
Fastest-growing Market by Crop
6.14 %
Projected CAGR, Sorghum, 2024-2030
The market expansion for sorghum seeds is driven by the crop's ability to adapt to changing weather conditions and an increase in the demand for animal feed by dairy farmers.
Fastest-growing Market by Country
9.10 %
Projected CAGR, Australia, 2024-2030
It is the fastest growing as the growers increased corn cultivation for a high ROI, and the government support to boost domestic production and reduce imports fuels this growth.
Leading Market Player
17.42 %
market share, Bayer AG, 2022
Bayer AG is the leader in the global seed market due to its product innovations, investments in research and development, and partnerships with regional players.
Hybrids dominated the grain seed market due to higher yield and adoption of GM crops in major growing countries
- Hybrids dominated the global grain seed market in 2022, capturing a significant 64.1% share. This dominance can be attributed to their desirable traits, including higher yields, insect resistance, herbicide tolerance, and drought tolerance.
- Within the hybrid category, transgenic crops accounted for 49.3% of the market's value, while transgenic hybrids claimed a slightly higher share of 50.6%. In 2022, Asia-Pacific emerged as the leader in non-transgenic grain seeds, commanding a sizable 55.4% market share. Notably, countries like India, with restrictions on genetically modified (GM) food crops, heavily rely on non-transgenic hybrids to bolster farm productivity.
- Within the transgenic hybrid segment, herbicide-tolerant hybrids took the lion's share, reaching 51% in 2022. Herbicide-tolerant seeds are exclusively authorized for rice and corn cultivation. GM corn, for instance, incorporates a gene from a bacterium, rendering it resistant to a range of broad-spectrum herbicides.
- Globally, open-pollinated varieties and hybrid derivatives accounted for 35.9% of the grains and cereals seed market in 2022. In this landscape, Asia-Pacific emerged as a key consumer, claiming 32.5% of the open-pollinated varieties of the global grain seed market in 2022.
- Companies are significantly investing in new plant technologies to meet the rising demand for advanced varieties. These sought-after varieties exhibit adaptability to diverse climates, high yield potential, disease resistance, and drought tolerance. The availability of such improved traits in new varieties is expected to drive seed demand in the coming years.
Understand The Key Trends Shaping This Market
Corn dominates the grain and cereal seed market due to high demand from the processing industry and commercial usage of seeds
- The grains and cereals segment was the largest segment, and it accounted for 56.4% of the global seed market in 2022. The market value is estimated to grow by 43.7% between 2023 and 2030. Corn was the major grains and cereals crop. It accounted for a market value of USD 21.8 billion in 2022. It is mainly associated with higher demand from the processing industry in ethanol production.
- North America is the leading producer of grains. In 2022, grains and cereals accounted for 57.6% of the North American seed market. The total acreage under grains and cereals in the region in 2022 was 82.7 million hectares, which increased by 1.3% compared to 2021 due to an increase in the processing facilities and governments pushing the adoption of self-sufficiency as grains and cereals are the staple food in the diet.
- In Asia-Pacific, China has the largest grain seed market, and it accounted for 62% in terms of value in 2022, with a market value of USD 8.0 billion. In 2022, Asia-Pacific held about 74.3% of the global rice seed market. China and India accounted for about 37.6% of the global rice seed market in 2022 due to high consumption (about 65% of the population consumes rice in these countries).
- Europe was the largest wheat producer globally, accounting for 45.3% of the global wheat seed market in 2022. France, Germany, the United Kingdom, Ukraine, and Russia held the largest share in the region, accounting for 30.1% of the global wheat seed market in 2022.
- The increased demand for grains and cereals from processing industries, higher export value for the crops, and an increase in the population are the factors estimated to drive the seed market value during the forecast period.
