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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Seeds Market Size
The India seeds market reached approximately USD 2.47 billion in 2023. The market is projected to grow at a CAGR of 5.70% between 2024 and 2032. It is estimated to reach a value of around USD 4.06 billion by 2032.
India Seeds Market Outlook
- On July 23, 2024, the Union government as a part of the 2024-25 budget, made a provision of Rs 1.52 lakh crore for agriculture and allied sectors.
- As per the India seeds industry analysis, the Indian seed sector was the world's fifth-largest seed market, accounting for 4.4% of the global seed market.
- In September 2023, Crystal Crop Protection Limited, a crop solution company offering a wide range of Agrochemicals & Seeds. acquired the Sadanand Cotton Seeds company from Kohinoor Seeds.
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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