Market Size of South Africa Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Seed Market Analysis
The seed market in South Africa is estimated to register a CAGR of 5.2% during the forecast period(2020-2025). Increasing consumption of fruits and vegetables to meet the nutrient requirement along with increasing population necessitating higher productivity. Non-profit organizations and many regional regulatory bodies promoting vegetable breeding, and an increase in food demand are other factors driving the growth of the seed market. The seeds industry in South Africa is quite mature and serves commercial farmers with over 100 seed companies being a part of SANSOR, the regulatory body for seed certification in South Africa. Furthermore, the Agriculture, Forestry, and Fisheries department of South Africa planned in 2016 to increase financial support to emerging producers by USD 28.4 million over the medium term, which will be accessed through the Land and Agricultural Development Bank of South Africa. All these factors together are driving the seeds market in the country. Some of the leading companies are Capstone Seeds, Corteva Agriscience, Syngenta Seed S.A. (Pty.) Ltd, Sakata Seed Southern Africa (Pty) Ltd., Rijk Zwaan Zaadteelt en Zaadhandel B.V., and Bayer (Pty) Ltd, South Africa.
