Canada Seeds Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Canada Seeds Market Growth

The seeds market is poised for momentous growth due to increasing demands for premium food items, increasing demand for food, and developments in new seed technologies to aid the production process. Also, there is an increased emphasis on sustainable agriculture equipped with organic practices to produce climate-resilient seeds with increased nutritional content and pest resistance through seed treatment, which will likely impact the seeds demand forecast.

Moreover, the market players in the country are striving to develop innovative solutions through deep research to enhance food security and support governmental efforts to boost high-quality crop yield in abundance. For instance, Tuberosum Technologies- a potato breeding and development organization based in Canada has registered four new tetraploid True Potato Seed Varieties (TPS) with the Canadian Food Inspection Agency (CFIA). True Potato Seeds offer several benefits to farmers such as disease mitigation, greater adaptability, improved storage, cost-effectiveness, and reduced risk in the supply chain due to the lightweight nature of the seeds.

Consolidation of the market is another key trend of Canada seeds market as large companies hold a significant share by acquiring smaller companies. In March 2024, Millborn Seeds in South Dakota acquired Union Forage based in Alberta, Canada to expand its presence in the North American market in a bid to offer a diversified portfolio of seed options to Canadian customers.

Key Trends and Recent Developments

Increasing population, rising domestic crop production and exports, along with the increased adoption of hybrid seeds is incraesing the Canada seeds market value.

July 2024

Canada-based United Farmers Alberta Cooperative Limited (UFA) acquired 17% stakes in Canadian seed company, Canterra Seeds. The staked were previously held by US-based Ceres Global Ag Corp. The share purchase is worth CAD 500,000. UFA assured that its investment will not affect Canterra’s day-to-day operations or decisions trade decisions.

June 2024

Canada-based Tuberosum Technologies announced the successful registration of four new True Potato Seed (TSP) varieties for the first time in Canada’s history, encouraging sustainable innovation in the country’s potato farming sectors. The newly registered seeds have numerous advantages over conventional potato seed varieties, including improved disease resilience, easier storage and reduced transportation costs due to its lightweight nature, as well as a flexible supply chain due to its greater adaptability and quicker scaling in any environment.

June 2024

Syngenta Seeds, one of the leading seed producers in North America is upgrading its Canada-based Arva Research & Development (R&D) Innovation Centre with USD 2 million investment. The site’s upgrade was due for 30 years and is expected to present new collaboration opportunities across its seed value chain, ultimately leading to better product placement, reliability in performance, and high yield for Canadian farmers.

October 2023

Pride Seeds, a leading Canda-based supplier of high performing hybrid seeds is shifting from its sole distribution model to an agriculture retail network model for its customers in Western Canada. The move will increase supply of its products in the Canadian market and provide easier and greater access to its local customers.

Rising Population and Growing Food Demand is Leading to Growth of the Canada Seeds Market

Canada’s rising population and growing demand of food is a leading factor for the market growth. According to the National Statistics Canada Office, the population increased over 1 million within a year, between June 2023 and April 2024. With a consistent growth rate of 0.6%, a further rise in population is expected to positively impact the seeds market in the country in the upcoming years.

Increased Primary Agriculture and Crop Production Raising Seeds Demand

Canada’s growth in primary agriculture and crop production sectors is a driving factor for the market. According to the Government of Canada, the overall revenue generated by the agri-food sector in 2023 was CAD 150 billion, which was 7% of the country’s GDP share. Out of this, crop production accounted for CAD 24.5 billion during the same period. A further growth in the value is expected during the forecast period raising demand in the seeds market. 

Growth in Agriculture and Food Exports Supporting the Canada Seeds Market Revenue

Canada is the largest exporter of agriculture and food products in the world. Most of the sector’s revenue is generated by exporting products to around 200 countries across the globe, where United States and China hold a major share. In 2023, Canada is reported to have exported CAD 99.1 billion worth of food and agricultural products. As the exports grow in the upcoming years, Canada’s seed market will witness a huge growth in its revenue to meet the rising global demand for food.

Growing Sustainability Concerns Driving Hybrid Seeds Demand Growth

Growing sustainability concerns amongst the Canadian population and increasing awareness among farmers is causing the hybrid seeds market to grow in the recent years. Major players are investing in the research, development, and commercial scale production of hybrid seeds to meet the growing demand, eyeing a sustainable growth in the future. Among the major hybrid seed varieties prevalent in Canada are Rye and Canola seeds.

Canada Seeds Industry Segmentation

“Canada Seeds Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Conventional Seeds
• Genetically Modified Seeds

Market Breakup by Crop Type

• Row Crops 
  • Fiber Crops
  • Forage Crops
  • Grains and Cereals
  • Oil Seeds
  • Pulses
• Vegetables  
  • Brassicas
  • Cucurbits
  • Roots and Bulbs
  • Solanaceae
  • Unclassified Vegetables

Market Breakup by Treatment

• Treated Seeds
• Untreated Seed 

Market Breakup by Trait

• Herbicide Tolerance
• Insect Resistance
• Others

Market Breakup by Region

• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Canada Seeds Market Share

Based on type, the market is primarily segmented into conventional seeds and genetically modified seeds. In terms of market share, genetically modified seeds hold a dominant position as crops like canola, corn, sugar beet, and soybean are primarily produced through GM seeds in Canada. There is a great demand for these crops as they offer several benefits such as a dramatic increase in productivity in small land areas, reduced usage of pesticides, and disease and drought resistance, among others.

Leading Companies in Canada Seeds Market

Market players are constantly researching new sustainable alternatives to expand their reach.

• BASF SE
• Bayer AG
• Corteva Inc.
• DLF Seeds A/S
• Syngenta AG
• Groupe Limagrain Holding
• KWS SAAT SE & Co. KGaA
• Sakata Seed Corporation
• Rijk Zwaan Zaadteelt en Zaadhandel B.V.
• Others