Sri Lanka Seed Sector Analysis - Growth, Trends and Forecasts (2020 - 2025)

Sri Lanka seed market is segmented, based on crop type, into grains & cereals, vegetables, and others with grains & cereals occupying the majority of the market share. It is also segmented by Product type into hybrid seeds, conventional seeds, and varietal seeds.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3.1 %

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Market Overview

Sri Lanka seed market is registering a CAGR of 3.1% for the forecast period(2020-2025). According FAO rice being the major staple crop, produced 3929831tonnes in 2018 over much of the country and vegetable production was 969244 for the same year which is less than previous year, this creates the demand for the quality seeds for the production purpose. Variation in production of cereals and vegetables necessitating the requirement of quality seed for the consistent production and to increase productivity. With Sri Lanka being a large community of farmers, Rice and curry are the main food consumed thus creating the need for increased production to meet the consumption requirement.

Scope of the report

The seed market is segmented, based on crop type, into grains & cereals, vegetables, and others with grains & cereals occupying the majority of the market share. It is also segmented by Product type into hybrid seeds, conventional seeds, and varietal seeds. The report gives insight into the Industry

Crop Type
Row Crops
Rice
Maize
Soybean
Others
Vegetables
Tomatoes
Pumpkins, squash and gourds
Chillies and peppers
Others
Others Crops
Product
Non-GM/Hybrid Seeds
GM Seeds
Varietal Seeds

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Key Market Trends

Need for the Consistent Production

Agriculture, the mainstay of the economy, employs about 35% of the working population and contributes 21% to GDP. The majority of farmers in Sri Lanka use rice seed produced on-farm or obtained from neighboring farmers, through an informal seed supply system. This is resulting in the yield of rice crop to slightly vary over the years. In order to increase the production and productivity of the rice, quality seeds are required which implicates the demand for the seed market in Sri Lanka.

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Rice Dominates the Cereals Market

Cereals have been an important part of the Sri Lankan diet. The country produced nearly 4 million tonnes of cereals in 2018. Rice, millet, maize and sorghum are some of the cereal crops grown in Srilanka. According to FAO, Rice and maize are the majorly produced crops with a production share of 93.3% and 6.4% in 2018. The country produced 3.9 million metric tons of rice in 2018 which is 1.6 metric tons more than the previous year. As rice is the staple food in Sri Lanka, the production of rice is expected to increase further. Thus, rice seeds play a key role in the Srilanka seed market.

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Competitive Landscape

The overall seed market in Sri Lanka is fragmented, because of the presence of a large number of local players marketing certified seeds. The major players in the market are Tropical Seeds/OPEX Holdings, CIC Agri-Business, Hayleys Agriculture, Plantchem Pvt. Ltd.(Plant Seeds Private Limited), Advanta Seeds.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    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 Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Crop Type

      1. 5.1.1 Row Crops

        1. 5.1.1.1 Rice

        2. 5.1.1.2 Maize

        3. 5.1.1.3 Soybean

        4. 5.1.1.4 Others

      2. 5.1.2 Vegetables

        1. 5.1.2.1 Tomatoes

        2. 5.1.2.2 Pumpkins, squash and gourds

        3. 5.1.2.3 Chillies and peppers

        4. 5.1.2.4 Others

      3. 5.1.3 Others Crops

    2. 5.2 Product

      1. 5.2.1 Non-GM/Hybrid Seeds

      2. 5.2.2 GM Seeds

      3. 5.2.3 Varietal Seeds

  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 Tropical Seeds/OPEX Holdings

      2. 6.3.2 CIC Agri Business

      3. 6.3.3 Hayleys Agriculture Holding Limited.

      4. 6.3.4 Plantchem Pvt. Ltd.(Plant Seeds Private Limited)

      5. 6.3.5 Advanta seeds

      6. 6.3.6 Ascen HyVeg Pvt Ltd.

      7. 6.3.7 corteva agriscience

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

** Subject to Availability

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