Ghana Seeds Market Size

Ghana Seed Market Analysis

The Ghana Seeds Market size is estimated at USD 9.29 million in 2024, and is expected to reach USD 11.09 million by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).

• Ghana's seed sector has grown significantly over the last decade; with the development and availability of improved and locally adapted seed varieties, the adoption rate is still marginal, with just about 30 percent of farmers using improved varieties as of 2022.
• As a result of population expansion and a steady land degradation rate, the per capita land is anticipated to decrease in Ghana. The decreasing per capita availability of arable land is a significant concern for ghana agricultural production. However, it is considered to be a driver for the seed industry. The need to produce more from the decreasing per capita arable land to get higher returns can be possible using high-yielding and hybrid varieties. This trend encourages farmers to shift their focus from conventional seed sources to packaged seeds that promise better returns.
• Moreover, the demand for seeds across the country is still untapped and provides multinational corporations with various opportunities for expansion and a broad customer base. Also, the increased area under cultivation of vegetables on account of the changing dietary preferences of the population, as well as the increased cash flows received by farmers on history of vegetable cultivation, is further driving the growth of the seed market in Ghana.
• Furthermore, several players are taking initiatives to boost the growth of the seed market. For instance, an initiative like "1" Household, 1 Garden" "un by Agrihouse Foundation in Ghana is motivating and supporting the people of ghana to contribute to the growth of the seed market.