Market Size of europe seed Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 13.11 Billion |
|
|
Market Size (2030) | USD 18.01 Billion |
|
Largest Share by Breeding Technology | Hybrids |
|
|
CAGR (2024 - 2030) | 5.44 % |
|
Largest Share by Country | France |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Europe Seed Market Analysis
The Europe Seed Market size is estimated at 13.11 billion USD in 2024, and is expected to reach 18.01 billion USD by 2030, growing at a CAGR of 5.44% during the forecast period (2024-2030).
13.11 Billion
Market Size in 2024 (USD)
18.01 Billion
Market Size in 2030 (USD)
4.54 %
CAGR (2017-2023)
5.44 %
CAGR (2024-2030)
Largest Market by Crop Family
55.06 %
value share, Grains & Cereals, 2023
Europe is the largest producer of grains and has an increase in the demand for the production of biofuel using corn. Ukraine & Russia are the largest producers of wheat in Europe.
Largest Market by Country
20.62 %
value share, France, 2023
France has increased its adoption of innovative hybrid seeds, and the rising demand for biofuels and processing industries has contributed to the growth of the largest segment.
Fastest-growing Market by Crop Family
9.71 %
Projected CAGR, Fiber Crops, 2024-2030
There is an increase in demand by industries such as the textile and cosmetic industry, an increase in usage of eco-friendly packaging, and high net returns from commercial crops.
Fastest-growing Market by Country
8.37 %
Projected CAGR, Russia, 2024-2030
Russia is the largest country in the region with a vast agricultural growing area and has implemented high usage of commercial seeds, leading to the fastest growth.
Leading Market Player
20.13 %
market share, Bayer AG, 2022
It is largely involved in product innovations and partnerships. It has collaborated with RAGT Semences and 2Blades Foundation to develop disease-resistant hybrid varieties.
Hybrids dominated Europe's seed market, with Spain, Italy, and the United Kingdom being major countries in the region
- The hybrid seed segment dominated the European seed market. Hybrid seeds accounted for 59.8% of the market, while open-pollinated varieties and hybrid derivatives accounted for 40.2% in 2022. Due to high productivity, the demand for hybrid seeds has witnessed major growth in countries such as Spain, Italy, and the United Kingdom.
- In the vegetable seed market, hybrid vegetables accounted for 89.9% in 2022. The region mainly cultivates hybrids of tomatoes, cucurbits, brassicas, and leafy vegetables.
- Non-transgenic hybrids dominate the market due to the ban on GMO crops in many European countries, including France, Germany, Austria, Greece, Hungary, the Netherlands, Latvia, Lithuania, Luxembourg, Bulgaria, Poland, Denmark, Malta, Slovenia, Italy, and Croatia. These countries have chosen a total ban on GMO crops.
- In Europe, only insect-resistant hybrids are cultivated under transgenic hybrids. Corn is the only grain crop approved for commercial cultivation in countries such as Spain, Romania, and the Rest of Europe (Portugal, Czechia, and Slovakia). Maize was a major genetically modified crop cultivated in Europe, accounting for 1.8% of the corn segment in 2022.
- In Europe, row crops held a major share of the open-pollinated varieties market in terms of value, accounting for 95.4% in 2022. Row crops require a high volume of seeds for sowing (seed rates are comparatively higher), and their prices are 20-30% less compared to hybrid crops. In 2022, other grains and cereals were the major crops grown in Europe using open-pollinated varieties and hybrid derivatives, accounting for 34.8% of the open-pollinated varieties market in the region.
Understand The Key Trends Shaping This Market
France and Germany are the major seed markets in Europe, and investments by companies in the seed sector are further driving the regional market
- The European agricultural industry is the major contributor to the economy. The European seed market was valued at about USD 11.8 billion in 2022. The region is a major producer of grains and cereals, which accounted for about 55.4% of the European forage seed market in 2022.
- The major crops grown in the region are potato, carrot, cauliflower, broccoli, spinach, and peas, as well as wheat, alfalfa, sunflower, corn, and pulses.
- In 2022, France held the largest market share of 20.7%, followed by Russia (12.5%) and Germany (11.7%). France is also one of the largest producers of sunflowers in Europe.
- Europe is one of the largest producers of forage corn, accounting for 63.3% of the forage seed market and 6.3% of the seed market in 2022. The driving factors for this growth include rising demand for feed and livestock products and shrinking land for grazing animals.
- Russia is anticipated to be the fastest-growing seed market in Europe, registering a CAGR of 8.3% during the forecast period. Over the years, the Russian seed industry has made constant efforts to evolve by innovating and adopting scientific advancements, which may lead to its growth in the future.
- Major companies are investing in improving seed quality due to the rising demand. For instance, in 2021, DLF Seeds, the world’s leading forage and grass seed breeder, invested USD 4.6 million in new mixing and distribution facilities to expand their production capacities and improve efficiency in the region.
- The growing demand for a variety of crops in the region and the rising investments by companies in the region are anticipated to drive the market during the forecast period.
