Southeast Asia Seed Sector Analysis - Growth, Trends and Forecasts (2019 - 2024)

The Southeast Asian seed market is segmented by crop into rice, maize (corn), cotton, vegetables, and other crops and by geography.

Market Snapshot

CAGR
Study Period:

2015-2024

Base Year:

2018

Key Players:

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Market Overview

The seed market in Southeast Asia is projected to register a CAGR of 6.4% during the forecast period (2019-2024). In 2014, Thailand was the fastest growing geographical segment of the market studied. Rice is the major crop grown in the region, with an acreage of 50.3 million hectares under the crop. Rice is, therefore, the largest segment of the market, when segmented by type. 

  • Increasingly farmers are adopting newer technologies for the cultivation of various crops in the region. This has resulted in an increase in the seed replacement and hybridization rates and therefore has improved the prospects of the seed industry.
  • In addition to rice, the vegetable seed segment is another fast-growing segment of the seed market. Major vegetable growing countries in the region include Indonesia, Vietnam, and the Philippines. Vegetables are grown over 39.6 million hectares in the region. 

Scope of the Report

A seed is the ripened fertilized ovule of a flowering plant containing an embryo and capable normally of germination to produce a new plant. For the purpose of this report, seeds have been defined as the seeds for sowing at farmer level. In this report market sizing has been at the farmer level.

The report provides an in-depth analysis of various parameters of Southeast Asian seed market. The market has been segmented based on the type of crop, and also based on geography. Also, relevant sub-segmentations have been discussed in the report.

Crop
Rice
Maize (Corn)
Cotton
Vegetables
Other Crops
Geography
Vietnam
Indonesia
Thailand
Myanmar
Laos
Cambodia
Malaysia
Philippines

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Key Market Trends

Rice Seed Dominates the Market

Rice is the major staple food of the entire population in the Southeast Asian region. The climatic and soil conditions in the region are highly conducive for the cultivation of rice. Rice is grown over 50.3 million hectares in the region and this puts the Southeast Asian region the third-highest rice-growing region in the world after China and the Indian sub-continent. The rice seed market in the Southeast Asian region has been expanding on the back of increased adoption of technology such as the usage of hybrid seeds. However, over 55% of the rice-growing areas in the region are devoid of irrigation facilities and the cultivation is completely rainfed, thereby reducing the yields and leading the farmers to reduce investments in rice farming. 

Southeast Asia Seed Market - By Crop Market Share

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Thailand dominates the South East Asia Seed Market

The favorable factors making Thailand an attractive hub for seed production are good climate, which ensures seed production all year, skilled farmers, and excellent connectivity. As of 2015, there were 184 seed companies in Thailand, out of which only 34 seed companies had seed research and development units. By 2020, Thailand seed sector envisages to produce good quality of rice, leguminous crops, and forage crop seeds, to meet the global demand and to increase its export value through export of Thai developed varieties. Thailand is the second biggest exporter and it exports its vegetable seeds to India, Vietnam, and China. Outside Asia, the main importers of Thai vegetable seeds are the United States, Netherlands, and France. Majority of Thai corn seed is exported to Vietnam, followed by Myanmar, Pakistan, Indonesia and Sri Lanka.

tech seg

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Competitive Landscape

South East Asia Seed Market is fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the market.

Major Players

  1. Syngenta
  2. Dupont Pioneer
  3. Monsanto
  4. East West Seeds
  5. Charoen Pokphand Group

* Complete list of players covered available in the table of contents below

market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Crop

      1. 5.1.1 Rice

      2. 5.1.2 Maize (Corn)

      3. 5.1.3 Cotton

      4. 5.1.4 Vegetables

      5. 5.1.5 Other Crops

    2. 5.2 Geography

      1. 5.2.1 Vietnam

      2. 5.2.2 Indonesia

      3. 5.2.3 Thailand

      4. 5.2.4 Myanmar

      5. 5.2.5 Laos

      6. 5.2.6 Cambodia

      7. 5.2.7 Malaysia

      8. 5.2.8 Philippines

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Syngenta Intrenational AG

      2. 6.3.2 Corteva Agriscience

      3. 6.3.3 Bayer CropScience AG

      4. 6.3.4 East West Seeds

      5. 6.3.5 Chia Tai Seeds

      6. 6.3.6 Advanta Seeds

      7. 6.3.7 Bioseed

      8. 6.3.8 Known-You Seed

      9. 6.3.9 Vinaseed

      10. 6.3.10 Bioseed Vietnam Limited

      11. 6.3.11 Trang Nong Seeds

      12. 6.3.12 Nongwoo Bio

      13. 6.3.13 Evogene Seeds

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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