Maize Seed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Maize Seed Market is segmented by Type (Conventional Seeds, GM seeds, Non-GMSeeds) and by Geography(North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Global Insecticide Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

The maize/corn seed market is projected to record a robust CAGR of 5.5% during the forecast period. Maize is the third-largest planted crop, after wheat and rice. The crop is mostly used and traded as a feed crop, but it is also an important food crop. Corn is a versatile cereal crop grown in tropical, subtropical, and temperate regions of the world. The higher growth rate of the maize seed segment can be attributed to the increasing demand for superior quality seeds, to feed the expanding population.​ The United States, Brazil, and Argentina are the largest producers of maize in the global market, accounting for around 46% share in the global production in 2017.​

Seed companies, such as Monsanto and Syngenta released a significant number of GM crops for maize, after understanding its global importance.​ Multinational companies are investing considerable amounts of money and time, for the development of GM maize with multiple pest tolerance.​ However, the recent pandemic outbreak of Covid-19 has resulted in a reduced stock of hybrid seed than open-pollinated varieties (OPVs). This was due to restrictions on movement during the entire maize-planting season, and therefore, access to maize seed was a major problem that farmers experienced since the majority of agrovets were not open.

Scope of the Report

A seed is the ripened fertilized ovule of a flowering plant containing an embryo and capable normally of germination to produce a new plant. For the purpose of this report, seeds have been defined as the seeds for sowing at the farmer level. In this report market sizing has been at the farmer level.

The report provides an in-depth analysis of various parameters of the maize seeds market. The present report carries out an in-depth analysis of the maize/corn seed market, providing information on the utilization of seeds. The crop is mostly used and traded as a feed crop, but it is also an important food crop. Corn is a versatile cereal crop grown in tropical, subtropical, and temperate regions of the world. For the purpose of the study, the maize seed market is segmented by type and geography.

By Type
Conventional Seeds
GM Seeds
Non-GM Seeds
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
South Africa
Rest of Africa

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Key Market Trends

Expansion of Area under Maize Cultivation

The global area harvested under corn has been constantly growing. The USA has the largest area under maize crop followed by Brazil, China, Mexico, and India. The corn seed sector is growing with the overall growing industrial demand for corn. Consumption is expected to be higher, driven mainly by the demand for animal feed. The global cereal demand shift in favor of maize reflects rising incomes in many developing countries with consequent growth in meat consumption, which drives demand for maize as feed for poultry and swine. Increasing demand for animal feed is expected to pick up pace in the future, owing to the growing demand, economic growth, rise in income, and increasing demand for livestock and consumer preferences. All of these factors have led to increased maize cultivation. However, biotic and abiotic stresses due to pests are severely constraining production in developing countries despite expanding acreage. Therefore, expanding acreage coupled with the need to overcome biotic and challenges will create immense demand for quality seeds.

maize seed market

North America Dominates the Market

North America is the most important region for the global maize seed market. The US seed market changed dramatically over the past century, as more farmers purchased seeds (instead of using seeds saved from the previous harvest) and small seed businesses gave way to larger enterprises that integrated plant breeding, production, conditioning, and marketing functions. ​More than 90% of the corn seed market of the region is dominated by GM corn seeds. The United States is the leader in acreage planted with commercialized biotech crops. In 2016, 72.92 million hectares were planted for major biotech crops including maize.

For industrial use, corn serves as a feedstock for starches and sugars, which further have wider applications. The crop has a high degree of penetration in commercial hybrid seeds, including genetically modified seeds, and farmers adopt advanced farming practices for maize cultivation in both developed and developing markets. With the rise in usage of maize in a wide range of applications, the demand for maize seed is projected to grow during the forecast period.

Maize Seed Market

Competitive Landscape

The global seed industry for corn is fragmented, due to less market share accounted by the major players in the market. The local companies within the domestic markets of different countries are dominating because of which the market is fragmented. Seed companies are investing more resources into R&D to strengthen their progress in the major markets. DowDuPont, Advanta Seeds, Limagrains, Syngenta AG, and Bayer CropScience AG are some of the main global players in the market studied. 

Table of Contents


    1. 1.1 Study Assumptions & Market Segmentation

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Conventional Seeds

      2. 5.1.2 GM Seeds

      3. 5.1.3 Non-GM Seeds

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Africa

        1. South Africa

        2. Rest of Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 UPL limited

      2. 6.3.2 Bayer CropScience AG

      3. 6.3.3 BASF SE

      4. 6.3.4 Rijk Zwaan Zaadteelt en Zaadhandel B.V.

      5. 6.3.5 Corteva Agriscience

      6. 6.3.6 Groupe Limagrain

      7. 6.3.7 Advanta Seeds

      8. 6.3.8 ICI Seeds

      9. 6.3.9 Nuziveedu Seeds

      10. 6.3.10 Syngenta AG

    4. *List Not Exhaustive


**Subject to Availability

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Frequently Asked Questions

The Maize Seed Market market is studied from 2016 - 2026.

The Maize Seed Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Corteva Agriscience, UPL limited, Syngenta AG, Bayer CropScience AG, Groupe Limagrain are the major companies operating in Maize Seed Market.

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