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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.
Japan Seeds Market Growth
The seed market in Japan is poised for considerable growth due to several factors. These include a rising need for food security, an increase in disposable income, and rapid developments in seed treatment technology. Additionally, precision and smart agriculture techniques are becoming more popular in the country to combat labor shortage and support an ageing agricultural workforce.
Also, prominent market players are consistently developing advanced technologies to gain a competitive edge in the market while promoting efficient cultivation methods. For instance, BASF Digital Farming collaborated with the National Federation of Agricultural Cooperative Associations (ZEN-NOH)- Japan’s largest agricultural cooperative, to promote precision farming among farmers. This has digitized and automated the overall seed production process and fostered climate-smart agriculture by leveraging artificial intelligence (AI), big data, and the Internet of Things (IoT), among others.
Furthermore, as a result of increasing consumer awareness, the government is taking steps to convey the sustainability efforts of market players aimed at reducing environmental impact. For instance, in 2024, Japan introduced an eco-labeling system with a three-star scale based on daily consumption of fertilizer, fuel, and pesticide to measure greenhouse reduction rate. This system applies to 23 products such as tomatoes, rice, and cucumbers, and covers the assessment of these products from the initial seedling stage to the final output. This has boosted the demand for high-quality labeled seeds and from seed manufacturers.
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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