Market Snapshot
| Study Period: | 2017-2027 |
| Base Year: | 2021 |
| CAGR: | 5.2 % |
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Market Overview
The Pakistan Seed Market is projected to register a CAGR of 5.2% during the forecast period (2022-2027).
Due to COVID-19, there was a significant impact on the delivery of seeds from distribution centers to the farmers due to disruption in supply chains all over the country. However, safety protocols and various measures undertaken by the Pakistani government over the last couple of months have enabled the timely availability of seeds to farmers and growers amid the pandemic crisis prevailing in the country.
The demand for seeds, especially in developing countries such as Pakistan, is still untapped and provides multinational corporations various opportunities for expansion and a wide customer base. The country is shifting toward the adoption of high-quality seeds due to the export potential of vegetable seeds from the global demographics. For instance, the adoption of high-yielding variants is on the rise in Pakistan due to the export potential. The rising investments in R&D of hybrid seeds are a key element to the success of the seed industry.
The factors such as the alarming rate of decreasing arable land, increasing adoption of hybrid seeds, government subsidies, and new favorable policies are driving the seed sector in the country. However, rising concerns over water security, climate change, and dominance of the informal sector may lead to restraint in the seed market during the forecast period.
Scope of the Report
The report defines the Pakistan seed sector in terms of end users. For the purpose of this report, the seeds used for sowing have been considered for market estimations and forecasts. The market does not include seeds used for human or animal consumption. The Pakistan seed market is segmented by product type (transgenic, non-transgenic, and open pollinated) and crop type (grains and cereals, oilseeds, vegetables, and other seeds). The report offers the market sizing and forecasts in value for all the above segments.
| Product Type | |
| Transgenic | |
| Non-transgenic | |
| Open Pollinated |
| Crop Type | |||||||
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| Other Seeds |
Key Market Trends
Increasing Adoption of Hybrid Seeds and Government Support are Driving the Market
The willingness to grow hybrid crops is, to a large extent, governed by state legislation and policy. Pakistan is both a producer and importer of hybrid crops and products. The Pakistani seed sector is dependent on two key regulations, the Seed Amendment Act, and the Plant Breeders Rights Act 2018.
Under the Seed Amendment Act, the private sector is allowed to produce essential seeds for their multiplication and certification and establish accredited seed testing laboratories. This encourages the growth of the Pakistani seed sector by attracting both local and international investments. According to a circular issued by the Federal Seed Certification and Registration Department. In addition, the government of Pakistan's Agriculture Transformation Plan (ATP) the government emphasises ensuring the availability of high-quality seeds in order to enhance agricultural production and assure farmers' access to good quality seeds.
In 2019, the Variety Evaluation Committee (VEC) of the Rice of Pakistan Agriculture Research Council (PARC) recommended 12 new hybrids rice for commercial cultivation across the rice-growing areas of the country to promote the crop output. Hence, new technology is expected to increase the crop productivity of farmers in Pakistan and enable them to make the country self-sufficient in agriculture. Realizing the potential for immense growth, aided by favorable government policies, seed companies have shown keen interest in Pakistan. This is likely to enhance the growth of the seed sector in long term in the country.
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Grains and Cereals Seeds Occupies largest share in the Country
According to the FAO, the country cultivated rice in 3.0 million hectares of land, which produced 7.4 million metric ton of rice in 2019. Production had increased to 8.4 million metric ton by 2020. The seed industry in Pakistan is hugely characterized by the informal sector, as uncertified seeds account for almost 80% of the total seed requirement in the country, as reported in a study by the International Food Policy Research Institute.
Although development in the seed business has not been able to reach the desired level of output since the authorization of private seed enterprises, recent developments in the hybrid rice seed sector were monumental in driving the rice seed market. For instance, in 2017, under the China-Pakistan Economic Corridor, China reportedly developed hybrid seed varieties in Pakistan with technological assistance and imparting knowledge about hybrid rice technology, including hybrid rice breeding, hybrid seed production, and field management skills for high yield cultivation. The developed varieties are expected to increase per-acre yield and exports for the country in the coming years. The expansion of the private sector in the development of newer varieties played a pivotal role in the proliferation of the hybrid rice seed sector.
Competitive Landscape
Pakistan's seed market is slightly fragmented with more domestic players. Bayer Crop Science Pakistan (Pvt.) Ltd, Four Brothers Group, ICI Pakistan Limited,Allahdin Group and Ali Akbar Group are few players capturing attractive sales in the country. The greater market share of these players can be attributed to their large geographical presence and highly diversified product portfolios. These players focus on R&D, a large product portfolio, a wide geographical presence, and an aggressive acquisition strategy.
Recent Developments
Academic institutes of Pakistan and China are started to work jointly to launch a research center for hybrid rice. The Wuhan University-University of Punjab Joint Research Centre for Honglian Hybrid Rice became operational in 2020.
In 2018, Bayer acquired Monsanto, one of the leading global players in the seed market. This acquisition also helped Bayer Pakistan Pvt. Ltd provide high-yielding and stress-tolerant varieties to Pakistani farmers.
In 2018, Haji Sons signed a memorandum od understanding (MOU) witht the united states agency for international devlpment (USAID) for 4-years project called (PATTA), The partneship focused on the inroduction of high quality vegetable seeds in target areas along with substantial activities in the realm of awereness of the farmers, thus, enahnmcing the outreach of the company vegetables seed varieties to the remotely -located pakistani farmers
In 2017, Hajison’s introduced a new tomato seed variety by the name of F1-1544, which yields 240 tomatoes per plant compared to a low-quality seed that only yields 70 tomatoes per plant. Apart from an increase in overall yield, the tomatoes are bigger, brighter, and heavier, with a relatively long shelf-life.
Table of Contents
1. INTRODUCTION
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
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 Product Type
5.1.1 Transgenic
5.1.2 Non-transgenic
5.1.3 Open Pollinated
5.2 Crop Type
5.2.1 Grains and Cereals
5.2.1.1 Rice
5.2.1.2 Wheat
5.2.1.3 Corn
5.2.1.4 Other Grains and Cereals
5.2.2 Oilseeds
5.2.2.1 Cotton
5.2.2.2 Sunflower
5.2.2.3 Rapeseed
5.2.2.4 Other Oilseeds
5.2.3 Vegetables
5.2.3.1 Solanaceae
5.2.3.2 Cucurbit
5.2.3.3 Roots and Bulbs
5.2.3.4 Brassica
5.2.3.5 Other Vegetables
5.2.4 Other Seeds
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer Crop Science Pakistan (Pvt.) Ltd
6.3.2 ICI Pakistan (Pvt.) Ltd
6.3.3 Four Brothers Seeds Corporation
6.3.4 Rashid Seeds
6.3.5 Sky Seeds
6.3.6 Jullundur Private Limited
6.3.7 Haji Sons
6.3.8 AllahDin Group
6.3.9 Ali Akbar Group
6.3.10 Pak Hi-Bred Seed
6.3.11 Star Seed Company
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 Pakistan Seed Market market is studied from 2017 - 2027.
What is the growth rate of Pakistan Seed Market?
The Pakistan Seed Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Pakistan Seed Market?
Bayer Crop Science Pakistan (Pvt.) Ltd., ICI Pakistan (Pvt.) Ltd, Four Brothers Seeds Corporation, Jullundur Private Limited, Allahdin Group are the major companies operating in Pakistan Seed Market.
