Global Seed Market - Growth, Trends, and Forecast (2019-2024)

The Seeds Market is segmented by product into non-GM/hybrid Seeds, GM Seeds, and varietal seeds, and by crop into grains and cereals, oilseeds, vegetable seeds, and other seeds. A geographical analysis covering 16 top seed markets across the world has also been provided

Market Snapshot

seeds industry
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Seed Market

The seeds market is valued at USD 59.71 billion in 2018 and is expected to register USD 90.37 billion in 2024 witnessing a CAGR of 7.9% during the forecast period 2019-2024. In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 35% of the market.

The growing demand for grains, oils, and vegetables is a significant driver for the seeds market. The global population reached over 7.6 billion in 2018 and is expected to reach 9.9 billion by 2050. As a result, the global demand for food is likely to increase by 70%, due to rapid population growth, urbanization, and changing diets.

Grains represent the biggest portion of daily calorie intake in developing countries of the Middle East & Africa, Asia/Oceania, and CIS, and therefore, the demand for grains is going to be one of the most critical drivers of the market studied.

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 the seeds market. The market has been segmented based on the type of product, crop, and also based on geography. Also, relevant sub-segmentations have been discussed in the report.

By Product
Non-GM/Hybrid Seeds
GM Seeds
Herbicide Tolerant
Insect Resistant
Abiotic Stress Resistant
Other Stacked Traits
Varietal Seeds
By Crop
Grains & Cereals
Maize (Corn)
Rice
Wheat
Sorghum
Oilseeds
Soybean
Sunflowe
Cotton
Canola
Vegetables Seeds
Solanaceae
Cucurbit
Roots & Bulbs
Brassica
Other Vegetable Seeds
Other Seeds
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia - Pacific
China
India
Japan
Australia
Rest of Asia - Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Usage of Biofuels

The massive increase in the demand for biofuel is majorly determined by the very large subsidies provided in many western countries, which have been simultaneously increasing the subsidization of biofuel, along with a reduction in subsidies on food cultivation. The production of global biofuels increased by almost 150%, between 2004 and 2010, from 42 billion liters to 104 billion liters, respectively. As per an FAO report, the biofuel boom had a major impact on the evolution of world food demand for cereals and vegetable oils. Moreover, it states that without biofuel, the growth rate of world cereal consumption is equal to 1.3%, as compared to 1.8% of biofuel. This acts as a major driving force for the expanding market under study.

seeds industry

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North America Dominates the Market

The North American seeds market was valued at USD 20.91 billion in 2018, serving the farmers mainly in grains, cereals, fruits, vegetables, and oil and forage crops. The market is expected to reach USD 30.9 billion by 2024 and is estimated to register a CAGR of 6.46%, during the forecast period. North America is the largest commercial seeds market, accounting for more than 35% of the market share.

seeds industry

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Competitive Landscape

The seeds market is moderately consolidated, with the top 8 companies accounting for around 50% of the market, while rest is accounted through local companies. The market is expected to get more consolidated once the recent acquisitions take full effect on the company’s operations and sales. Monsanto, Vilmorin & Cie., Syngenta, DowDupont Inc, Bayer, and DLF Seeds are some major companies in the market.

Major Players

  1. Monsanto
  2. Vilmorin & Cie (Groupe Limagrain)
  3. Syngenta International AG
  4. DowDupont Inc.
  5. Bayer Crop Science

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

seeds industry

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

      1. 4.1.1 Introduction

        1. 4.1.1.1 Hybrid seeds

        2. 4.1.1.2 GM Seeds

        3. 4.1.1.3 Impact of Technology on Seed Industry

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces 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 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Non-GM/Hybrid Seeds

      2. 5.1.2 GM Seeds

        1. 5.1.2.1 Herbicide Tolerant

        2. 5.1.2.2 Insect Resistant

        3. 5.1.2.3 Abiotic Stress Resistant

        4. 5.1.2.4 Other Stacked Traits

      3. 5.1.3 Varietal Seeds

    2. 5.2 By Crop

      1. 5.2.1 Grains & Cereals

        1. 5.2.1.1 Maize (Corn)

        2. 5.2.1.2 Rice

        3. 5.2.1.3 Wheat

        4. 5.2.1.4 Sorghum

      2. 5.2.2 Oilseeds

        1. 5.2.2.1 Soybean

        2. 5.2.2.2 Sunflowe

        3. 5.2.2.3 Cotton

        4. 5.2.2.4 Canola

      3. 5.2.3 Vegetables Seeds

        1. 5.2.3.1 Solanaceae

        2. 5.2.3.2 Cucurbit

        3. 5.2.3.3 Roots & Bulbs

        4. 5.2.3.4 Brassica

        5. 5.2.3.5 Other Vegetable Seeds

      4. 5.2.4 Other Seeds

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia - Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia - Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Monsanto Company

      2. 6.3.2 Groupe Limagrain

      3. 6.3.3 Syngenta AG

      4. 6.3.4 Dow-Dupont Inc.

      5. 6.3.5 Land O'Lakes

      6. 6.3.6 KWS AG

      7. 6.3.7 Bayer CropScience

      8. 6.3.8 Sakata Seed

      9. 6.3.9 Takii Seed

      10. 6.3.10 DLF-Trifolium

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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