Market Size of russia seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.69 Billion |
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Market Size (2030) | USD 2.73 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 8.37 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Seed Market Analysis
The Russia Seed Market size is estimated at 1.69 billion USD in 2024, and is expected to reach 2.73 billion USD by 2030, growing at a CAGR of 8.37% during the forecast period (2024-2030).
1.69 Billion
Market Size in 2024 (USD)
2.73 Billion
Market Size in 2030 (USD)
4.96 %
CAGR (2017-2023)
8.37 %
CAGR (2024-2030)
Largest Market by Crop Family
42.70 %
value share, Grains & Cereals, 2023
Russia is one of the major producers of wheat. An increase in the area under wheat cultivation, favorable climatic conditions, and high export demand fueled the market.
Largest Market by Breeding Technology
75.83 %
value share, Hybrids, 2023
The high share of hybrids is associated with the increasing area under hybrids, the comparatively higher seed replacement, high yielding, and disease resistance.
Fastest-growing Market by Crop Family
9.45 %
Projected CAGR, Oilseeds, 2024-2030
It is primarily attributed to extensive cultivation, rising export demands, and the widespread adoption of improved agricultural traits that have propelled the market growth.
Fastest-growing Market by Breeding Technology
8.95 %
Projected CAGR, Hybrids, 2024-2030
Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.
Leading Market Player
6.46 %
market share, Bayer AG, 2022
The company has made strategic partnerships and extensive product innovations in the country. It has partnered with RAGT Semences for the development of new hybrid wheat seeds.
Hybrids dominate the Russian seed market due to the extensive cultivation of hybrid varieties, aimed at preventing yield loss caused by pests and diseases in the region
- The hybrid seed segment accounted for a major share of the Russian seed market, accounting for a value of USD 1.11 billion in 2022 because most Russian farmers use hybrids for vegetables and row crops to increase production and yield.
- In row crops, open-pollinated varieties (OPVs) accounted for 30.4% of the row crops seed market’s value, whereas in vegetables, OPVs accounted for 9.4% of the vegetable seed market value in 2022. However, the increase in protected farming of vegetables and the rising usage of hybrids are resulting in a decrease in open-pollinated varieties.
- Under hybrids, corn accounted for a major share of 28.5% of the market in 2022 due to a large area being cultivated with hybrid seeds. The continuous expansion of the planting area under these crops is fueling the growth of the market.
- In vegetable seeds, the hybrid segment accounted for a 90.5% share in 2022; unclassified vegetables accounted for 71.6%. This is because hybrids displayed a higher degree of uniformity in these crops in terms of traits like size, shape, and color.
- The yield of some major crops in Russia is significantly decreasing. Diseases, unfavorable environments, and drought in some parts of the country caused massive reductions in crop yields in a few years. Sorghum yield accounted for 10,583 hg/ha in 2021, a decrease of 19% from 2020. To compensate for yield losses in the future, Russian farmers need to adopt varieties that are more robust and adaptable to local conditions.
- Non-transgenic hybrids in the hybrid segment dominate the market because of the ban on GMO crops in the country. The demand for non-transgenic seeds in the hybrid segment is expected to increase, registering a CAGR of 8.9% during the forecast period.
Understand The Key Trends Shaping This Market
