Seeds Market to reach nearly USD 111.76 Billion by 2030

Seeds Market size was valued at USD 84.83 Bn in 2023 and the total revenue is expected to grow at 4.7% through 2024 to 2030, reaching nearly USD 111.76 Bn.

What is Seeds Market scope?

The Seeds Market encompasses a wide range of seed varieties, including genetically modified (GM), hybrid, and conventional seeds, used in agricultural production across various crops. This market caters to a diverse set of industries including agriculture, horticulture, and biotechnology. As global food demand rises, especially due to population growth, the market’s scope has expanded significantly to meet the need for high-yielding, pest-resistant, and climate-adaptable seed varieties. The market’s growth is also driven by innovations in biotechnology and genetic engineering, which allow for the creation of seeds that enhance agricultural productivity and sustainability.

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Moreover, the scope of the seeds market extends to various regional markets including North America, Europe, Asia-Pacific, and Central Asia, each experiencing growth due to different factors such as climate conditions, agricultural practices, and government policies. The growing focus on organic farming and sustainable agriculture has led to an increased demand for specialized seed varieties that offer not only productivity but also environmental benefits. Companies in this market are investing heavily in research and development to maintain competitive advantage, contributing to a robust global seeds market landscape.

Seeds Market Trends:

One of the significant trends in the seeds market is the increasing adoption of genetically modified (GM) crops. GM seeds, designed to resist pests, tolerate herbicides, and adapt to adverse weather conditions, are becoming more popular as farmers look for ways to boost crop yield and reduce crop loss. The rising demand for food security, coupled with environmental sustainability initiatives, has driven governments and farmers alike to focus on the adoption of GM seeds. This trend is particularly strong in developed countries where technological advancements are more readily adopted in agricultural practices.

Another trend shaping the seeds market is the growing demand for organic and non-GMO seeds. As consumer preferences shift towards organic and healthier food options, there is a corresponding rise in demand for seeds that support organic farming. This has led to the development and marketing of non-GMO seed varieties that cater to the organic agriculture sector. Organic farming practices, driven by environmental awareness and health concerns, are expected to continue driving growth in this segment of the seeds market.

What are Seeds Market Dynamics?

The primary driver of the seeds market is the growing demand for high-yielding and pest-resistant crops. As global populations continue to rise, the pressure on agricultural systems to produce more food has led to an increased reliance on commercial seeds. These seeds are designed to boost crop yield while also offering resistance to pests and environmental stressors. The development of hybrid and GM seeds with enhanced properties has become essential in meeting food security demands while also supporting farmers’ incomes.

However, the seeds market also faces challenges related to regulatory and environmental concerns. The introduction of genetically modified crops in many regions is subject to stringent regulations and public opposition due to health and environmental concerns. Additionally, issues such as seed monopolization by a few large corporations and the environmental impact of certain GM seeds have triggered debates over the sustainability and ethics of the seed industry. These dynamics highlight both the opportunities and challenges the market must navigate to ensure continued growth and adoption.

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How is the Asia Pacific Seeds Market Expected to grow?

With a market share of over 35.6% in 2023, the Asia Pacific Seeds Market led the world market. The area has a large selection of seeds for vegetables, specialty crops, income crops, and food crops. The area plays a significant role in world agriculture because of its large population and varied climate. Changing dietary tastes and the increased need to feed a population that is expanding quickly are the main drivers of the regional market. The combination of global, regional, and local seed companies is what primarily defines it. Regional players are also heavily present in the market, however multinational companies like Syngenta and Corteva Agriscience control the majority of the regional market.

What is the expected growth of Seeds Market by Crop Type segmentation?

The sector of the crop type market that was dominant in the worldwide market was predicted to increase at a compound annual growth rate (CAGR) of 5.3% over the projected period. Modern biotechnology offers the chance to modify seeds, which can have a significant impact on crop yield. Canola, cotton, soybean, and corn are a few of the crops that are frequently utilized to make genetically modified goods. With the introduction of higher-quality genetically engineered seeds by emerging biotech companies, conventional seeds are probably going to be utilized less.

What is Seeds Market Segmentation?

by Crop Type

Conventional
Genetically modified

by Type

Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Other

by Availability

Commercial Seeds
Saved Seeds

by Seed Treatment

Treated
Untreated

by Seed Trait

Herbicide Tolerant
Insecticide Resistant
Other Stacked Traits