1. Market Research
  2. > Agriculture
  3. > Agricultural Products Market Trends
Seed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Seed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • February 2021
  • 266 pages
  • ID: 6030456
  • Format: PDF
  • Mordor Intelligence LLP
Up to $750 off Until Jul 31st 2021

Summary

Table of Contents

Search Inside

The Global Seed Market is expected to grow at a CAGR of 6.2% over the forecast period (2021-2026). The COVID-19 pandemic has seriously affected the production, certification, distribution, and cost of seeds in the initial months, which play a fundamental role in developing resilient agricultural sectors and food systems in the least developed countries. Shortage of personnel available for production, transportation, and documentation processes and a contraction in the market for plants and seeds had created problems in terms of the production of seed for international trade, as well as access to high-quality seed of modern varieties for domestic agriculture.
- Growing demand for grains, oils, and vegetables, and rapid adoption of biotech crops, along with the decreasing per capita farmland, are the major drivers for the market. The need for producing more from the decreasing per capita arable land to get higher returns can be possible with the use of HYVs and hybrid varieties. This trend has been encouraging farmers to shift their focus from conventional seed sources to packaged seeds that promise better returns.
- Hybrid seed exhibits a higher demand, as compared to varietal seeds in the market, owing to its built-in genetic buffering to withstand the biotic and abiotic stresses, such as moisture stress and salinity.
- In 2020, North America was the largest geographical segment of the market studied. The growing demand for grains, oils, and vegetables is a significant driver for the seeds market. The United States is the major market for seeds in the region. Asia-Pacific is the fastest growing and second-largest market for seeds. In Asia, the demand for food has increased exponentially over the past years. For the purpose of meeting this demand, the enhancement of crop yield has become a necessity, thus, boosting the market studied.
- The leading seed companies, like Bayer CropScience, Corteva AgriScience, and Syngenta, are dominating the market by giving more importance to seed production that are drought tolerant, heat tolerant , disease tolerant, etc.

Key Market Trends
Need for Improving Productivity amid Growing Demand for Food Crops

Grains constitute a major portion of world food demand (49%) and will remain so till 2050. According to the OECD-FAO report, global cereal consumption is projected to increase from 2.6 billion metric ton in 2018 to 2.9 billion metric ton in 2027. This is attributed to the growing demand for cereals for food and feed purposes. The per capita food consumption of cereals is anticipated to increase at a faster pace compared to the previous decade, as higher per capita use of maize, rice, and other coarse grains is only partly offset by slower growth for wheat.

Across major agricultural countries such as the United States, China, India, and Brazil, farmers are increasingly adopting transgenic seeds for both yield benefits and other non-yield traits. For instance, 92% of the area under cotton in India was sown with transgenic cotton with insect tolerance trait. Thus, in order to substantiate the increasing demand for grains, oils, and vegetables, governments of various countries have been promoting sustainable farming practices, thereby, bolstering the adoption of commercial seeds during the forecast period.

Asia-Pacific is the Fastest Growing Region

Asia-Pacific, dominated by the two major agricultural countries, India and China, is the fastest-growing geographical segment in the global seed market. The region is witnessing increased adoption of hybrids and increasing seed replacement rates in key crops such as rice, maize, and vegetables. Growth prospects remain high for hybrid rice in the region. China is one of the major rice producers globally. In recent years, it started exporting rice seeds to other countries. For instance, in 2020, it exported a total of 500 metric tons of hybrid rice seeds from a seed company in east China’s Jiangsu province to Pakistan, to help ensure the country’s grain yield this year. It is estimated that about 33,333 hectares of land will be planted with those seeds.

Furthermore, increasing demand for animal feed has been the major driver for the growth of the maize segment of the market in the region. Moreover, increasing demand for processed vegetables in domestic households and the foodservice industry is giving a boost to the vegetable seed industry

Competitive Landscape
The global seed market is a consolidated market. The major players in the market are Bayer Crop Science SE, Syngenta International AG, Corteva AgriScience, Groupe Limagrain, and KWS SAAT SE & Co. KGaA, among others. The major players in the market have a large geographical presence and a highly diversified product portfolio. These players focus on R&D, a large product portfolio, a wide geographical presence, an aggressive acquisition strategy.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

$4250

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Hybrid Seeds Market by Crop Type, Key Crop, Cultivation Type And Region - Global Forecast to 2026

  • $ 4950
  • July 2021
  • 291 pages

The global hybrid seed market size is estimated to be valued at USD 25.2 billion in 2021 and is projected to reach USD 34.9 billion by 2026, recording a CAGR of 6.7%. Factors such as increasing application ...

  • World
  • APAC
  • Agricultural Products
  • Agriculture
  • Industry analysis
  • Seed Production
  • Agricultural Area

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on