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Will the Asia Pacific Region Surpass the Growth of the North American Region in the Seed Market Growth? – Exclusive Report by Mordor Intelligence

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Will the Asia Pacific Region Surpass the Growth of the North American Region in the Seed Market Growth? – Exclusive Report by Mordor Intelligence

June 23
18:00 2022
Will the Asia Pacific Region Surpass the Growth of the North American Region in the Seed Market Growth? - Exclusive Report by Mordor Intelligence
Mordor Intelligence
Hybrid seeds exhibit a higher demand due to their built-in genetic buffering to withstand the biotic and abiotic stresses (such as moisture stress and salinity) compared to varietal seeds in the market. Across major regions, such as the United States, China, India, and Brazil, farmers are increasingly adopting transgenic seeds for both yield benefits and other non-yield traits. Mergers and acquisitions have been a major strategy adopted by players like Bayer to capture a higher market share.

Seed Market Overview

The seed market is projected to register a CAGR of 6.6% during the forecast period (2022-2027).  The seed market is a consolidated market, with few major players dominating the market. The major players in the market are Bayer CropScience SE, Syngenta International AG, Corteva AgriScience, Groupe Limagrain, and BASF SE. These players focus on R&D, a large product portfolio, a wide geographical presence, and an aggressive acquisition strategy. Growing demand for grains, oils, and vegetables, rapid adoption of biotech crops, and the decreasing per capita farmland are the major drivers for the market over the medium term. The need to produce more from the decreasing per capita arable land to get higher returns can be possible with HYVs and hybrid varieties. This trend has encouraged farmers to shift their focus from conventional seed sources to packaged seeds that promise better returns.

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Seed Market – Geographical Overview

North America is the largest geographical segment of the seed market. 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. The region is witnessing increased hybrid adoption and rising 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 500 metric tonnes of hybrid rice seeds from a seed company in east China’s Jiangsu province to Pakistan to help ensure Pakistan’s grain yield. It is estimated that about 33,333 ha of land will be planted with those seeds.

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Developments in the Seed Market

  • Grains constitute a major portion of world food demand (49%), and it will remain so till 2050. According to an OECD-FAO report, global cereal consumption is projected to increase from 2.6 billion metric tons in 2018 to 2.9 billion metric tons in 2027, attributed to the growing demand for cereals for food and feed purposes.
  • In January 2021, Bayer unveiled four new varieties of Seminis® vegetable seeds during the Pragathi Diwas event held in Bengaluru, India. These varieties include ‘Anshuman’ in tomato, ‘SVHA9093’ in hot pepper, ‘Bazlet’ in cucumber, and ‘Himgauri’ in cauliflower.
  • In August 2020, Syngenta Seeds completed the acquisition of Sensako, a South African seed company specializing in cereals.

Related Research and Links

List of Key Players in the Seed Market

  • Bayer CropScience SE
  • Syngenta International AG
  • Corteva Agriscience
  • Groupe Limagrain
  • KWS SAAT SE & Co. KGaA
  • UPL Limited
  • Land O’Lakes Inc.
  • Sakata Seed
  • Takii Seed
  • East-West Seed International
  • Rijk Zwaan Zaadteelt en Zaadhandel BV
  • DLF Seeds And Science
  • Royal Barenbrug
  • Maison Florimond Desprez
  • MAS Seeds
  • Euralis Semences

*List Not Exhaustive

Mordor Intelligence has segmented the Seed Market based on product, crop type, and  geography:

  • Product (Market Size & Forecast based on Value (USD million), 2017-2027)
    • Transgenic Hybrids
      • Insect-resistant Hybrids
      • Herbicide-tolerant Hybrids
    • Non-transgenic Hybrids
    • Open-pollinated Varieties
  • Crop Type (Market Size & Forecast based on Value (USD million), 2017-2027)
    • Grains and Cereals
      • Maize (Corn)
      • Rice
      • Wheat
      • Sorghum
      • Other Grains and Cereals
    • Pulses and Oilseeds
      • Soybean
      • Sunflower
      • Canola
      • Pulses
      • Other Pulses and Oilseeds
    • Commercial Crops
      • Cotton
      • Other Commercial Crops
    • Vegetables
      • Solanaceae
      • Cucurbit
      • Roots and Bulbs
      • Brassica
      • Other Vegetables
    • Other Crops
  • Geography (Market Size & Forecast based on Value (USD million), 2017-2027)
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • Spain
      • United Kingdom
      • France
      • Germany
      • Russia
      • Italy
      • Hungary
      • 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

About Mordor Intelligence

Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.

We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.

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