2016 - 2026
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Bangladesh seed market is projected to register a CAGR of 5.8% during the forecast period (2021-2026). The COVID-19 pandemic has caused a serious impact on the production, certification, distribution, and cost of seeds, which play a key role in developing the agricultural sector in Bangladesh. International trade has suffered due to slow or lack of transportation, labor shortages, and a contraction in the market for plants and seeds. The classification of seeds as "essential" by the national government has contributed to mitigating the damage by ensuring the continuous movement of seeds. Bangladesh being dense in population, highly depends on the agricultural for Food Security and Employment services. According to the FAO, Bangladesh ranks top in Vegetable production worldwide. The seed industry of Bangladesh comprises both the Public and Private sectors. Bangladesh AgriculturalDevelopment Corporation (BADC), Bangladesh Agricultural Research Institute(BARI), Bangladesh Rice Research Institute (BRRI), Bangladesh Jute Research Institute (BJRI), and Department of Agricultural Extension (DAE) are some of the government agencies who are responsible for the production and supply of the commercial seeds in the market. Rice, wheat, and maize are the country’s major cereal crops, and the annual seed demand for each of these three crops is about 314.0, 72.0, and 3.3 thousand metric ton, respectively. Though the public sector dominates in the self-pollinating seed crops like rice and wheat, Private players play a major role in supplying the other seeds like maize and other hybrid seeds.
Scope of the report
The report defines the Bangladesh seed market in terms of end-users. Only the seeds used for sowing have been considered for the study. The market does not include seeds used for human or animal consumption. Bangladesh Seed Market is segmented by Product (Transgenic Hybrids, Non-Transgenic Hybrids, and Open-pollinated Varieties) and Crop (Grains and Cereals, Pulses and Oilseeds, Cotton, Vegetables, and Other Crops)
Key Market Trends
Yield Lag in Self-Pollinated Varieties
Rice and wheat are some of the major crops cultivated in Bangladesh, and with the increase in population every year, it is mandatory for them to cope with the growth to meet the demand and supply. It has been evident that the yield progress of wheat and rice was comparatively lower than expected when compared to that of the Maize crop during 2016 and hence Private players were pushed to invest in high-yielding rice and wheat seeds to address the food security concerns by the Bangladesh government.
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Demand for Hybrid Seeds
Maize, unlike rice and wheat, is a non-noticeable crop and hence easier for the private players to enter into the Maize market. Every year Bangladesh imports around 90.0% of hybrid maize seed from India. However, the Bangladesh government is boosting the in-house hybrid maize seed production through its agricultural policy. The private players can utilize the third-party R&D facility to figure out the production of In-house hybrid maize seeds. Also, the private players entering the market with their own R&D facility will be an added advantage to pierce into the hybrid seed market as that would help the company in keeping the cost under control.
The overall Bangladesh seed market is fragmented because of the presence of local players marketing certified commercial seeds. However, there are two major segments as Public and private seed Manufacturers and suppliers. The major players in the seed market of Bangladesh are BRAC Seed and Agro Enterprise, Lal Teer Seed, Advanta Seeds Pty Ltd, Bayer crop science, and Bioseed.
In August 2019, ACI seed has launched two new maize varieties i.e., DEKALB BOSS and ADV 757 in the Early to Mid-segment market. These varieties are sourced from Monsanto and ADVANTA respectively.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Transgenic Hybrids
5.1.2 Non-transgenic Hybrids
5.1.3 Open-pollinated Varieties
5.2 Crop Type
5.2.1 Grains and Cereals
184.108.40.206 Other Grains and Cereals
5.2.2 Pulses and Oilseeds
220.127.116.11 Other Oilseeds
5.2.3 Cotton and Vegetables
18.104.22.168 Roots and Bulbs
22.214.171.124 Other Vegetables
5.2.4 Other Crops
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Bayer crop science
6.3.4 BRAC Seed and Agro Enterprise
6.3.5 Lal Teer Seed
6.3.6 Supreme Seed Company
6.3.7 Giant Agro processing Ltd
6.3.8 Malik Seeds
6.3.9 GETCO Agro vision Ltd
6.3.10 Konika seed company Pvt Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Bangladesh Seed Market market is studied from 2016 - 2026.
What is the growth rate of Bangladesh Seed Market?
The Bangladesh Seed Market is growing at a CAGR of 5.8% over the next 5 years.
Who are the key players in Bangladesh Seed Market?
- Bayer crop science
- BRAC Seed and Agro Enterprise
- Lal Teer Seed
Are the major companies operating in Bangladesh Seed Market.