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The Indian Seed Market is segmented by Product type into hybrid seeds, conventional seeds, and varietal seeds, by Crop Type into Row Crops - Rice, Wheat, Maize, Millet, Cotton, and Other Row Crops, and Vegetables - Onion, Tomato, and Other Vegetables.
The Indian seed market is projected to grow at a CAGR of 6.8% during the forecast period (2020-2025).
The report defines the Indian seed sector, in terms of end-users. The scope of the study encompasses the analysis of major crops 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 forecasts. The market does not include seeds used for human or animal consumption.
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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 the 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 have led farmers to use them in low productivity regions. This has further boosted the demand for seeds in India.
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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 has witnessed the highest CAGR 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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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 2019. 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.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Crop Type
5.1.1 Row Crops
188.8.131.52 Beans, Dry
184.108.40.206 Sesame seed
220.127.116.11 Other Row Crops
18.104.22.168 Other Vegetables
5.2.1 Non-GM/Hybrid Seeds
5.2.2 GM Seeds
5.2.3 Varietal Seeds
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Rallis India Ltd
6.3.2 Advanta Seeds (UPL)
6.3.3 Nuziveedu Seeds Ltd
6.3.4 Kaveri Seeds Ltd
6.3.5 National Seeds Corporation Ltd
6.3.6 PHI Seeds Private Ltd (DuPont Pioneer)
6.3.8 Bayer AG
6.3.9 Rasi Seeds
6.3.10 JK Agri Genetics Ltd
6.3.11 VNR Seeds
6.3.12 Syngenta India Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS