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India Seed Sector Analysis - Growth, Trends, and Forecast (2019 - 2024)

The Indian Seed Market is segmented by Crop Type (Row Crops - Rice, Wheat, Maize, Millet, Cotton, and Other Row Crops, and Vegetables - Onion, Tomato, and Other Vegetables).

Market Snapshot

India Seed Market Summary
Study Period:

2015-2024

Base Year:

2018

Key Players:

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Market Overview

The Indian seed market was valued at USD 2.14 billion in 2018, and it is projected to register a CAGR of 6.4% during the forecast period (2019-2024).

  • There has been an increase in hybrid seed penetration in multiple crops, in order to address the rising food demand-supply mismatch in the country. Due to a stagnant growth observed in the arable land and a constantly increasing population, the per capita arable land has been declining. These factors, along with poor crop productivity, are likely to lead to pressure on food supply in the country.
  • In India, hybrid seed penetration is high in cotton (>90%), corn (>60%), limited cereals, such as sorghum and pearl millet, and oilseeds, such as sunflower (hybridization >80%). However, penetration is still very low in major cereals, such as paddy and wheat (<5%). Cotton hybridization is almost reaching saturation, as Bt cotton is sown over 90% of the cotton-producing area in the country. Hybridizations in corn, paddy, and vegetables are estimated to drive the sector’s growth during the forecast period.
  • The patenting process in India is not very vigorous, enabling other companies to replicate better performing seeds in the marketplace. In addition, after the discovery of a successful hybrid, seed multiplication needs many rounds of sowing. Therefore, the availability of a large land bank or access to a large dedicated network of seed growers acts as a major entry barrier for smaller seed companies, as the lack of such a network may delay the process of market expansion for them.

Scope of the Report

The report defines the Indian seed sector, in terms of end-users. The scope of the study encompasses the analysis of major crops (area harvested, production, and sales), along with competitive analysis, which will include the profiles of major players (company overview, product portfolio, key developments, such as merger and acquisition, product innovation, and R&D) operating in the market. For the purpose of this report, the seeds used for sowing have been considered for market estimations and forecast. The market does not include seeds used for human or animal consumption.

Crop Type
Row Crops
Rice
Beans, Dry
Maize
Sesame seed
Cotton
Other Row Crops
Vegetables
Onion
Tomato
Other Vegetables

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Key Market Trends

Increasing Adoption of Hybrid Seeds

The adoption of hybrid seeds has significantly increased in the country during and after the Green Revolution, due to the increasing pressure for high crop production for food security. The hybrid seed sector witnessed a growth of 15-20% per year, over the past decade. The major boost has come from the increased adoption of Bt cotton hybrids, single-cross corn hybrids, and hybrid vegetables. This increased demand for hybrid seeds has boosted the market for commercial seeds. The aggressive promotion measures are undertaken for the use of hybrid seeds resulted in the increased demand for, and production of, hybrid seeds in the country. Farmers are adopting and using more hybrid seeds, considering the disease- and pest-resistant properties of these seeds, and reducing the losses and cost of production. The scenario post-adoption of hybrid seeds has resulted in many advantages, such as yield improvement, ensuring higher prices, and availability of seeds at an affordable price, thus promoting the growth of the Indian seed market. Therefore, the benefits of the adoption of hybrid seeds has led farmers to use them in low productivity regions. This has further boosted the demand for seeds in India.
India Seed Secto

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Row Crop Dominates the India Seed Sector

Under the row crop segment of the market studied, cotton holds the maximum revenue share. This is primarily due to the large-scale adoption of Bt cotton seeds in India. The cottonseed segment in India was valued at USD 420.6 million in 2018, witnessing a CAGR of 7.8% during the forecast period. Cotton is an important part of the Indian economy, as this crop forms the backbone of the Indian textile industry. India is one of the major producers of cotton in the world with a production of 18530 million metric tons in 2017 as per FAO. India also exports a major share of cotton to other countries. In 2018, cotton exports were valued at USD 1.2 million, with Sudan, Myanmar, Eswatini, Ethiopia, and Hong Kong as the major importing countries. Gujarat is one of the major cotton-producing states in the country. Cotton seeds are also used in the vanaspati or vegetable oil industry, as well as in fodder for milch cattle to enhance milk production, thus keeping the demand for the crop high during the review period.

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Competitive Landscape

The Indian seed sector is highly fragmented, and the top nine companies accounted for just 38.7% share of the market, while the rest is accounted for by various other small domestic companies, in 2018. Companies are highly focused on the introduction of new varieties of seeds during the past five years, which have led them to acquire significant market shares in the seed sector. The companies are not focused on any partnerships, mergers and acquisitions, and expansion of their production plants or factories.

 

Major Players

  1. Nuziveedu Seeds Ltd
  2. Kaveri Seeds Ltd
  3. National Seeds Corporation Ltd
  4. Monsanto India Ltd
  5. PHI Seeds Private Ltd (DuPont Pioneer)

* Complete list of players covered available in the table of contents below

India Seed Secto

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Overview of Key Crops Under Cultivation (Area Harvested and Production)

      1. 4.6.1 Rice

      2. 4.6.2 Maize

      3. 4.6.3 Beans, Dry

      4. 4.6.4 Chilies and Peppers, dry

      5. 4.6.5 Onions, dry

      6. 4.6.6 Garlic

      7. 4.6.7 Sesame seed

      8. 4.6.8 Groundnuts

      9. 4.6.9 Sorghum

      10. 4.6.10 Seed Cotton

  5. 5. MARKET SEGMENTATION

    1. 5.1 Crop Type

      1. 5.1.1 Row Crops

        1. 5.1.1.1 Rice

        2. 5.1.1.2 Beans, Dry

        3. 5.1.1.3 Maize

        4. 5.1.1.4 Sesame seed

        5. 5.1.1.5 Cotton

        6. 5.1.1.6 Other Row Crops

      2. 5.1.2 Vegetables

        1. 5.1.2.1 Onion

        2. 5.1.2.2 Tomato

        3. 5.1.2.3 Other Vegetables

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitive Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Rallis India Ltd

      2. 6.3.2 Advanta Seeds (UPL)

      3. 6.3.3 Nuziveedu Seeds Ltd

      4. 6.3.4 Kaveri Seeds Ltd

      5. 6.3.5 National Seeds Corporation Ltd

      6. 6.3.6 PHI Seeds Private Ltd (DuPont Pioneer)

      7. 6.3.7 Monsanto India Ltd

      8. 6.3.8 Mahyco

      9. 6.3.9 Rasi Seeds

      10. 6.3.10 JK Agri Genetics Ltd

      11. 6.3.11 VNR Seeds

      12. 6.3.12 Syngenta India Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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