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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Seeds Market Growth
A key driver of the market is the rising role of private companies in India’s seed sector. In 2020-21, the share of the private sector in seed production grew from 57.28% to 64.46%. The sector now plays a significant role in supplying quality seeds of vegetables and crops like rice, bajra, cotton, and sunflower. Many private entities are getting attracted towards seed companies and are investing in them, aiding the seeds demand growth in the country. As of 2024, Kalash Seeds Pvt Ltd., a leading seed organisation in India, dominates the vegetable seed market in the supply of chilli, pumpkin, beetroot, onion, broccoli, and muskmelon.
Government policies and provisions are also positively influencing the India seeds market revenue. The efforts of the State Governments in producing seed varities of national importance are being supported by the National Seeds Corporation (NSC) and State Farms Corporation of India (SFCI). Furthermore, with the continuous efforts of the Indian Council of Agricultural Research (ICAR), there has also been a steady increase in the production of breeder seeds over the years. Other major drivers of the market include rising population levels, increased agricultural activity, and upcoming digital technologies to diminish the effects of pests, and climate, amongst other variables, on crops.
India Seeds Market Report Snapshots
*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 India seeds market reached approximately USD 2.47 billion in 2023.
The market will presumably grow at a CAGR of 5.70% in the forecast period of 2024 and 2032.
The market is projected to reach a value of around USD 4.06 billion by the year 2032.
Key drivers of the market include an increased share of the private sector, government initiatives, growth in agricultural activity and upcoming technologies in the agricultural sector.
Growing demand for genetically modified seeds and an increase in the popularity of organic produce are the key trends in the market.
Conventional seeds and genetically modified seeds are the two types of seeds considered in the market.
BASF SE, Bayer AG, Corteva Inc., Nuziveedu Seeds Limited, Syngenta AG, Groupe Limagrain Holding, East-West Seed Group, Sakata Seed Corporation, UPL Ltd. (Advanta), Rijk Zwaan Zaadteelt en Zaadhandel B.V, and others are the key players in the market.
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