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Ghana Seed Sector Analysis - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Ghana seed market is segmented by type of seed into conventional, hybrid and GM seeds, by production techniques into formal and informal seed system, by crop type into maize, millet, Rice, ground nuts, soybean, cow pea , vegetables.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
CAGR:
3.8 %
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Market Overview
The seed market in Ghana is projected to grow at a CAGR of 3.8% during the forecast period (2020 - 2025). The seed sector in Ghana is characterized by major investments in the sector that promote breeding programs and support seed companies and agro-input dealers. Major initiatives have been initiated to make the seed value chains for maize and cowpea more professional. Although the MoFA (Ministry of food & agriculture) has privatized the seed production and supply system in 1989, still, less than 5% of Ghanaian farmers are able to access improved seed from approved sources as of now.
Scope of the Report
The whole seed sector in Ghana is able to meet just one-third of the total demand of the domestic market. Maize and rice form the bulk of the seed production in Ghana. Irrespective of the minimal growth trend, the Ghanaian seed sector is expected to witness a healthy growth during the forecast period. Government policies promoting the development of the seed sector and projects financed by international organizations are expected to drive the market.
| By Type of Seed | |
| Non-GM/Hybrid Seeds | |
| GM Seeds | |
| Varietal Seeds |
| By Crop Type | |
| Grains & Cereals | |
| Oilseeds | |
| Vegetables Seeds | |
| Other Seeds |
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Key Market Trends
Development of the Agricultural Insurance Program
As various national governments and international organizations are promoting vegetable breeding in the continent, companies, such as Monsanto and Syngenta are investing heavily in R&D in Africa. Vegetables are being progressively identified as fundamental for food security. Vegetable production offers a promising monetary chance to reduce unemployment. When compared to cereals and grains (which are becoming more mechanized), vegetables provide more employment per hectare.This heavy investment in R&D is expected to generate employment and income. Government initiatives, such as subsidy programs in the value chain of vegetables, also results in the creation of more employment and generation of income.
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Increasing Maize Consumption in Ghana
About 10% and 3% of the maize area planted was cropped with OPVs and hybrids respectively from the formal system in 2015, while 87% of seed was supplied by the informal system. About 24 varieties of maize including one foreign hybrid (Sika Aburo) have been released in Ghana. Obatanpa rests as the most widely known and grown improved maize seed although the variety is old and not adapted to drought. Newer OPVs like Omankwa, Abontem, Honampa, and Opeaburo are slowly gaining acceptance because of their shorter growth duration, tolerance to drought, and decent yields.Commercial farms (over 1,000 ha) tend to grow mainly imported hybrid maize seeds, while smallholder farmers (3 ha) usually grow Obatanpa and are likely to recycle the seeds for a while before replacing.
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Competitive Landscape
The seed market for Ghana is largely fragmented as the top-five companies account for around 40% of the market, while the rest 60% of the market is accounted through seeds, provided by agricultural universities and research institutions in Ghana. SEEDPAG has the largest share among all the other companies, as it is an association of seed breeders and has a strong portfolio of crops, from which it can provide seeds to the farmers.
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Table Of Contents
1. INTRODUCTION
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 Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of Substitute Products
4.5.4 Threat of New Entrants
4.5.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Seed
5.1.1 Non-GM/Hybrid Seeds
5.1.2 GM Seeds
5.1.3 Varietal Seeds
5.2 By Crop Type
5.2.1 Grains & Cereals
5.2.2 Oilseeds
5.2.3 Vegetables Seeds
5.2.4 Other Seeds
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Competitor Strategies
6.3 Major Player
6.3.1 Seed Co Limited
6.3.2 Rijk Zwaan Zaadteelt En Zaadhandel BV
6.3.3 SEEDPAG
6.3.4 M&B Seeds
6.3.5 RMG Ghana Ltd
6.3.6 Groupe Limagrain
6.3.7 Syngenta AG
6.3.8 Corteva Agriscience
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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