Market Size of philippines seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 0.82 Billion |
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Market Size (2030) | USD 1.05 Billion |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 4.09 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Philippines Seed Market Analysis
The Philippines Seed Market size is estimated at 0.82 billion USD in 2024, and is expected to reach 1.05 billion USD by 2030, growing at a CAGR of 4.09% during the forecast period (2024-2030).
0.82 Billion
Market Size in 2024 (USD)
1.05 Billion
Market Size in 2030 (USD)
2.62 %
CAGR (2017-2023)
4.09 %
CAGR (2024-2030)
Largest Market by Crop Family
91.15 %
value share, Grains & Cereals, 2023
In the Philippines, rice is the major staple food crop, occupying a major share of the agricultural area. The increasing area under corn cultivation drives the market.
Largest Market by Breeding Technology
67.55 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
This is due to the higher adoption of open-pollinated varieties and hybrid derivatives in rice and other cereals, which are the major crops cultivated in the country.
Fastest-growing Market by Crop Family
5.43 %
Projected CAGR, Cucurbits, 2024-2030
The cultivation area and the consumption of cucurbit are increasing due to increasing health awareness and the health benefits associated with them, such as lowering of cholesterol and anti-oxidant effects.
Fastest-growing Market by Breeding Technology
4.98 %
Projected CAGR, Hybrids, 2024-2030
The rapid growth of hybrids is associated with characteristics such as high yield, biotic and abiotic stress resistance, high vigor, and early bearing in vegetables.
Leading Market Player
7.21 %
market share, Bayer AG, 2022
The company has made extensive product innovations and effective partnerships. It introduced new GMO corn varieties suitable for both wet and dry seasons in the country.
Open-pollinated seeds drive the Philippine seed market due to their lower cost and input requirements, particularly for the majorly produced rice crop
- In 2022, open-pollinated varieties and hybrid derivatives had a higher share of the Philippine seed market. They accounted for 67.9% of the market value. The high share was mainly due to the larger area under rice cultivation (4.8 million hectares), where open-pollinated varieties are most common. Additionally, small farmers highly prefer open-pollinated seed varieties as they require fewer inputs, such as fertilizer and pesticides, and are less expensive than hybrid seeds.
- In 2022, transgenic hybrids accounted for 27.6% of the hybrid seed market due to their higher productivity, wider adaptability, high degree of insect resistance, and herbicide-tolerant characteristics.
- In the Philippines, out of the total market value of open-pollinated varieties and hybrid derivatives, row crops accounted for 97.7% of the market share in 2022. The high share was due to the increased area under cultivation and the large quantity of seed requirement per unit area for sowing.
- The hybrid seed segment is estimated to be the fastest-growing seed segment during the forecast period, registering a CAGR of 4.9%. The growth rate is associated with the high productivity of hybrids and the adoption of transgenic hybrids.
- In the Philippines, adopting hybrids and improved open-pollinated varieties resulted in many advantages, such as self-sufficiency in production, improvement in the quality of agricultural products, stability in production, and high export potential. This, in turn, increased the agricultural landscape of the country.
- Therefore, the rising adoption of hybrid seeds and the approval of transgenic seeds in the country are anticipated to help drive the seed market's growth during the forecast period.
Understand The Key Trends Shaping This Market
