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Report Overview
The Japan seeds market reached a value of approximately USD 1.1 billion in 2023. The market is projected to grow at a CAGR of 5.30% between 2024 and 2032, reaching a value of around USD 1.74 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per industry reports, Japan’s maize seed imports accounted for a total value of USD 4,888,403.58 thousand in 2023, with major imports from the United States, Brazil, Argentina, and South Africa.
- The percentage of new seed registrations by foreign corporations has been steadily increasing in Japan seeds market, surpassing 36% in recent years.
- In 2023, Japan’s herbaceous seed exports reached USD 22,755.79 thousand, with major exports to China, Denmark, the Netherlands, the United States, and Vietnam.
Competitive Landscape of Japan Seeds Market
Market players are continuously investing in research and development and adhering to regulatory norms. The Japan seeds market outlook is dominated by small-scale family-owned seed companies, with nearly 1000 registered firms. These companies operate within close-knit networks and adhere to customary practices, fostering cooperation and collectively agreeing on seed prices. Many contribute to agrobiodiversity by preserving open-pollinated varieties and developing new non-hybrid seeds. The market is also witnessing the rise of large seed companies due to the increased competition and advancements in breeding technology.
Key Industry Players
Bayer AG, a leading global life sciences corporation with a strong focus on health care and agriculture, was founded in 1863 and is headquartered in Leverkusen, Germany. Bayer has a reputation for its pharmaceutical products and consumer health products and for its crop science innovations.
BASF SE, one of the largest chemical companies worldwide was established in 1865 and has its headquarters located at Ludwigshafen, Germany. Its portfolio comprises various products including agricultural products, chemicals, and materials.
Corteva Inc., which was founded in 2019 and operates from Delaware, United States emerged out of the merger between Dow AgroSciences and DuPont's agriculture division mainly dealing with crop protection solutions as well as seeds. The mission of Corteva is to improve agricultural productivity but also support sustainable farming practices.
Kaneko Seeds Co., Ltd is based at Osaka, Japan where it started up its seed business back in 1910. As per Japan seeds market insights, focuses primarily on vegetable and flowers seed production. It offers a range of high-quality seeds that are tailored to meet farmers’ needs both domestically within Japan and across the globe.
Other Japan seeds market players include Syngenta AG, The Musashino Seed Co., Ltd., KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, Rijk Zwaan Zaadteelt en Zaadhandel B.V., and Takii & Co., Ltd, among others.
Japan 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
In 2023, the market reached an approximate value of USD 1.1 billion.
The market is estimated to grow at a CAGR of 5.30% between 2024 and 2032.
The Japan seeds market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 1.74 billion by 2032.
The major drivers are rising disposable income, increasing demand for food security, along with innovations in seed technology.
The key trends of the seeds market in Japan include introduction of a labeling system, the emergence of precision and smart agriculture and sustainability concerns.
Based on trait, the market is bifurcated into herbicide tolerance and insect resistance, among others
Based on type, the market is divided into conventional and genetically modified seeds.
The major players in the industry are Bayer AG, Corteva Inc., Kaneko Seeds Co., Ltd., Syngenta AG, The Musashino Seed Co., Ltd., KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, Rijk Zwaan Zaadteelt en Zaadhandel B.V., Takii & Co., Ltd, among others.
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