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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Commercial Seeds Market Size
The global commercial seeds market size is estimated to grow at a CAGR of 7.50% in the forecast period of 2024-2032.
Increased Dependence on Conventional Seeds to Propel the Market for Commercial Seeds
Based on type, the increasing dependence of farmers on conventional seeds is driving the market growth of commercial seeds. The exceptional characteristics of conventional seeds, such as high yields, pests and disease resistance, and the ability to stand up to climate anomalies like drought, are leading to the market expansion of commercial seeds.
With the limited availability of organic seeds that meet stringent organic standards, farmers are increasingly using conventional and non-genetically modified seeds. Additionally, the non-GMO conventional seeds are cost-effective when compared to organic seeds.
The decreasing arable land is resulting in the rising inclination towards conventional seeds for conventional farming as they require 30 percent less land when compared to organic farming. This is also leading to the reduced use of pesticides and fertilisers, thereby bolstering the commercial seeds market growth. Further, the integration of sustainable practices that improve environmental performance in conventional farm operations is likely to aid the market over the forecast period.
Commercial Seeds Market Report Snapshots
Commercial Seeds Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.50% between 2024 and 2032.
The major market drivers include the importance of commercial seeds in biofuel and animal feedstock production, decreasing arable land, increased yields of crops, and adoption of conventional seeds due to lack of organic seeds.
The key market trends guiding the growth of the market include the rising concerns about food security, exceptional characteristics of commercial seeds, government initiatives, and advancements in genetic engineering.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market for commercial seeds is expected to grow robustly over the forecast period due to the growing food demands and the increasing research and development (R&D) activities by the leading companies to drive seed innovation.
The significant types of commercial seeds include genetically modified seeds and conventional seeds.
The different market divisions, based on crop-type, include cereals, oilseeds, and fruits and vegetables, among others.
The major players in the market are Bayer CropScience, Syngenta AG, Sakata Seed Corporation, KWS SAAT SE & Co. KGaA, Corteva Inc., and DLF Seeds A/S, among others.
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