2016 - 2026
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The Pakistan seed market is projected to register a CAGR of 5.1% during the forecast period (2021-2026). Non-GM/Hybrid Seeds accounted for the major share in terms of product Type followed by GM seeds and then Varietal seeds. The Non-GM/ Hybrid seeds segment alone accounted for 65.5% of the overall seed products market in 2019. Due to COVID-19, there was a significant impact on the delivery of seeds from distribution centers to the farmers due to disruption in the supply chain all over the country. However, safety protocols and various measures undertaken by the Pakistani government over the last couple of months has enabled the timely availability of seeds to farmers and growers amid 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 increasing development of GM crops, especially in the vegetable seed sector, is fueling the market for vegetable seeds in the country.
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. Pakistan Seed Market has been segmented by product type (Transgenic, Non-Transgenic, and Open Pollinated) and Crop Type (Grains & Cereals, Pulses & Oilseeds, and Vegetables).
Key Market Trends
Increasing adoption of hybrid seed and government support
The willingness and interest to grow hybrid crops are to a large extent governed by government legislation and policy, Pakistan is both a producer and importer of hybrid crops and products. Pakistan’s seed sector is dependent on two key regulations, the Seed Amendment Act of 2015, and the Plant Breeders Rights Act 2018. In 2016, the Pakistan National Assembly adopted a Plant Breeders’ Rights Act to encourage the development of new plant varieties and to protect the rights of breeders of such varieties. The Act provides protection for new plant varieties while at the same time respecting the right of farmers to save, use, exchange, and sell farm-saved seeds. In 2019, the Variety Evaluation Committee (VEC) on 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 favourable government policies, seed companies have shown keen interest in Pakistan. This is likely to enhance the growth of the seed sector in the country.
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Vegetable Seeds to Dominate the Seed Sector Sales in the Country
Onion and tomato are the most important vegetable crops, grown extensively in tropical and sub-tropical climates. As per the FAO statistics, around 49.5% of the overall vegetable acreage in the country is accounted for by Onion and Tomatoes, at 208.6 thousand hectares in 2018. Despite the several advantages of GM, not many GM varieties of vegetables are invented. Hence, R&D in GM vegetables and the marketing of it can be considered as opportunities to tap the market, along with product improvement. The vegetable seed sector of Pakistan is likely to become more attractive if explored for seed production facilities. The farmer and labor cost in these countries is cheaper than that in the developed countries. This implies an opportunity to increase profit realization by bringing down the cost of production.
Pakistan's seed market is slightly fragmented with more domestic players. Moreover, Bayer Crop Science Pakistan (Pvt.) Ltd., Four Brothers Group, ICI Pakistan Limited, 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 portfolio. These players focus on R&D, a large product portfolio, a wide geographical presence, an aggressive acquisition strategy.
In 2019, Guard Agricultural Research and Service Private Limited, in collaboration with the Longping Company of China, launched a coarse rice hybrid variety, Guard PL-403, that had an initial yield potential of 135-140 maunds per acre. Under the collaboration, Guard Agri sowed 15,000 varieties of rice.
In 2018, Bayer acquired Monsanto one of the leading global players in the seed market. This acquisition also helps Bayer Pakistan Pvt. Ltd to provide its customers with high-yielding and stress-tolerant varieties to the Pakistani farmers
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
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 By Product
5.1.3 Open Pollinated
5.2 By Crop
5.2.1 Grains & Cereals
18.104.22.168 Others Grains and Cereals
5.2.2 Oil Seeds
22.214.171.124 Others Oil Seeds
126.96.36.199 Roots & Bulbs
188.8.131.52 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 2016 - 2026.
What is the growth rate of Pakistan Seed Market?
The Pakistan Seed Market is growing at a CAGR of 5.1% 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
- Ali Akbar Group
- Jullundur Private Limited
Are the major companies operating in Pakistan Seed Market.