Market Size of india maize seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 340.1 Million |
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Market Size (2030) | USD 475.2 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.73 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Maize Seed Market Analysis
The India Maize Seed Market size is estimated at 340.1 million USD in 2024, and is expected to reach 475.2 million USD by 2030, growing at a CAGR of 5.73% during the forecast period (2024-2030).
340.1 Million
Market Size in 2024 (USD)
475.2 Million
Market Size in 2030 (USD)
7.47 %
CAGR (2017-2023)
5.73 %
CAGR (2024-2030)
Largest Market by Breeding Technology
66.01 %
value share, Hybrids, 2023
There is an increase in the demand for hybrid seeds due to an increase in the cultivation area under hybrid seeds and the availability of improved hybrid seed varieties.
Fastest-growing Market by Breeding Technology
5.98 %
Projected CAGR, Hybrids, 2024-2030
The major companies are developing new hybrids, and the adoption of hybrids is high due to disease resistance, increased shelf life, high yield, and wider adaptability.
Leading Market Player1
19.85 %
market share, Bayer AG, 2022
The company has made extensive product innovations and effective partnerships. It introduced new high-yielding hybrid varieties, including corn seeds, in India.
Leading Market Player2
12.13 %
market share, Syngenta Group, 2022
Syngenta Group has been a prominent player in the maize seed market, with continuous product developments and innovations. The company launched 11 new seed varieties of corn.
Leading Market Player3
9.45 %
market share, Corteva Agriscience, 2022
Corteva Agriscience is primarily focused on extensive product innovations in the country. Recently, it launched a new seed brand called Brevant for corn farmers in India.
Hybrids have emerged as the dominant choice in the Indian maize seed market, primarily for their high-yield potential and resilience against biotic and abiotic stressors
- In 2022, hybrid seeds dominated the Indian maize seed market, accounting for 65.8% of its value, while open-pollinated varieties made up the remaining 34.2%. This preference for hybrids is primarily driven by their widespread adoption in larger Indian states.
- Hybrid maize occupied over 60% of India's total maize cultivation area in 2022. This surge in demand for high-yielding cultivars is fueled by maize's increasing use as animal feed and consumers' growing interest in nutritionally enhanced foods.
- According to the Federation of Indian Chambers of Commerce and Industry (FICCI), hybridization rates in the Indian maize market range from 23% to 100%. Bihar and Tamil Nadu lead the pack with 100% hybridization rates, while the remaining regions predominantly cultivate open-pollinated seed varieties.
- Hybrid maize exhibits several desirable traits, including uniform cobbs, resistance to diseases, pests, and drought, as well as superior grain quality and higher cob counts. These attributes contribute to their higher yields, thus driving the demand for hybrids.
- Key players in the market, like Bioseed, are actively introducing new hybrid varieties to meet the growing demand. In 2022, Bioseed launched its latest corn hybrid, 9792, in the Indian market.
- Open-pollinated varieties face limitations, such as lower yields compared to hybrids and reduced vigor, as the same seed offspring is used in subsequent seasons.
- Given their higher yields, disease resistance, and the ongoing trend of hybridization, the hybrid seed segment in the maize market is projected to register a CAGR of 5.9% during the forecast period.
Understand The Key Trends Shaping This Market
