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Seed Sector Analysis - Bangladesh Industry, Growth, Trends and Forecasts (2020 - 2025)

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Market Insights

Bangladesh Agricultural Development Corporation (BADC) is the largest seed producer and supplier in the country, mandated to produce large quantities of seeds. BADC is also involved in providing technical support to the private sector.

At present, only a small portion of the required quality seeds for different crops is supplied by the BADC. Rest of the seeds are produced, preserved, and used under private management, especially, at the farmers’ level. The government of Bangladesh (GOB) has already declared the National Seed Policy with the objective of promoting seed industry in the private sector. It has revised the Seed Act of 1977 and formulated seed rules in the light of the Seed Act (Amendment) 1997.

Seed Certification Agency (SCA) is the only legal authority to certify seeds. In order to increase supply of quality seeds, private sector agencies that are participating in the seed production programs will be allowed to market their "truthfully labeled seeds" side-by-side with the government agencies.

Some of the Key Market Players Include:

  • BRAC Seeds and Agro Enterprise
  • Lal Teer Seeds
  • Advanced Chemical Industries (ACI)
  • Supreme Seed Company
  • Giant Agro processing Ltd. 

Market Dynamics

The major factors driving the market include the new National seed policy favorable to the corporate seed business and adoption of GM Seeds. However, availability of low-quality seeds in the market and niche private sector are some of the restraints.

Market Segmentation

The market is segmented, based on crop type, into grains & cereals, vegetable, and others, with grains & cereals segment occupying the majority of the market shares in Bangladesh. The vegetable sector is expected to witness the fastest growth, during the forecast period.

Major Companies in the Sector Include:

  • BRAC Seeds and Agro Enterprise
  • Lal Teer Seed
  • Advanced Chemical Industries
  • Supreme Seed Company
  • Syngenta Bangladesh Ltd.
  • Giant Agro Processing Ltd.

Recent Industry Insights

  • Bangladesh signed a seed sharing agreement with India and Nepal in 2014. By this agreement, the farmers got access to new and better seeds by establishing common parameters for varietal release.
  • Lal Teer Seed Limited of Bangladesh worked with the Srilankan government in a joint project, to increase the vegetable seed production.

Key Deliverables in the Study

  • Market analysis, with region-specific assessments and competition analysis
  • Market overview and identification, and analysis of the macro and micro factors that affect the Bangladesh seeds market and are instrumental in changing the market scenario, on both, global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information, along with strategies adopted by them to sustain and grow in the studied market.

The Report Holds Importance for the Following Stakeholders:

  • Producers and manufacturers
  • Enterprises operating in the industry
  • Traders and stakeholders operating in the sector
  • Investors/research institutions interested in the market

Customization Options:

  • Inclusion of crops of interest in section 6

Related Reports Hyperlinks:

https://www.mordorintelligence.com/industry-reports/tomato-seeds-market

https://www.mordorintelligence.com/industry-reports/vegetable-seed-market

https://www.mordorintelligence.com/industry-reports/seed-cotton-market

https://www.mordorintelligence.com/industry-reports/organic-seed-market

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