Philippines Seeds Market Report and Forecast 2024-2032

Philippines Seeds Market Size

The Philippines seeds market reached a value of approximately USD 861 million in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of around USD 1,257.1 million by 2032.

Philippines Seeds Market Outlook

• Conventional seeds account for 78% of the market and are expected to grow at a CAGR of 3.9% between 2024-2032.

• As per Philippines seeds industry analysis, Philippines seed oil exports reached USD 5.23K in 2022 with major exports to Canada, Switzerland, India, Spain, and Maldives.

• In May 2024, the Department of Agriculture constructed a seed storage facility in Calabarzon province to enhance food security and promote organic farming.

Philippines Seeds Market Growth

The seed market’s considerable growth is attributed to several factors such as increasing nutritional awareness, demands for higher yield to attain food security, rising disposable income, and rapid innovations in seed technology. Additionally, organic and sustainable farming is gaining popularity in the country due to its various health and environmental benefits.

Moreover, the government is actively implementing and investing in large-scale agricultural projects to boost the production of seeds and crops such as corn and rice, among others. For instance, in May 2024, The Office of The Provincial Agriculturist (OPA) executed three projects worth PHP 5 million at Negros First Integrated Agricultural Center (NFIAC). The projects aim to combat seed shortage and introduce a certification system to detect high-quality seeds and promote them among farmers to foster healthy competition in the market. This is driving the demand for certified seeds from prominent seed manufacturing companies and hence boosting the Philippines seeds market revenue.

Various seed companies are collaborating with tech firms to modernize their operations through smart solutions. For instance, East-West Seed Group and Cropin’s partnership digitized seed production processes through precision farming and enabled digital plant breeding and greenhouse automation by leveraging artificial intelligence and the Internet of Things (IoT). This integration of digital technology with agriculture has propelled market expansion in the country and aided in positively influencing the Philippines seeds market dynamics and trends.

Key Trends and Recent Developments

An increasingly adopting sustainable practices, growth of precision agriculture, and rise of e-commerce are expected to shape the seeds demand growth in Philippines.

August 2024

Philippines donates rare purple jade vine seeds to the Royal Botanic Gardens Kew in the United Kingdom for conservation. The Philippines, along with its flora and fauna, are especially vulnerable to climate change thus, the Masungi Georeserve has sent seeds of this rare plant.

May 2024

Global tropical vegetable seed company East-West Seed (EWS) developed NutriShield+ to help vegetable farmers across the Philippines. NutriShield+ is an advanced seed coating technology that provides nutrition to help boost seedling growth and protect the seed against harmful fungi or insects up to the first 2-3 weeks of growth.

May 2024

The Philippine Space Agency (PhilSA) participated in the Asian Herb in Space (AHiS)1) by the Asian Beneficial Collaboration through “Kibo” Utilization (Kibo-ABC)2) and held the Space Seeds Turnover Ceremony on March 8, 2024, in Manila, Philippines. PhilSA received the space coriander and spearmint seeds from JAXA. PhilSA awarded the space seed to selected students and researchers in the Philippines.

May 2024

Bayer, a German bio-tech company is working in the fields of Bangladesh agriculture and healthcare services making investment in local production of hybrid rice seeds to contribute to the country’s food security.  This year, Bayer Bangladesh is exporting significant quantity of Boro hybrid for the first time to the Philippines as well.

Shift Towards High-Yield Varieties

Farmers are shifting towards high-yield and disease-resistant seed varieties to meet growing food demands and cope with climate challenges. Some varieties mature faster, allowing farmers to plant multiple crops in a year, increasing overall yield and supporting the Philippines seeds industry revenue. These varieties provide an improved crop yield and offers resilience to pests and diseases. There is an increasing adoption of hybrid and genetically modified (GM) seeds to improve crop productivity and resistance to pests and diseases. Modern varieties often exhibit better grain quality, taste, and nutritional content.

Farmers are increasingly adopting sustainable practices

There's a growing shift towards reducing chemical inputs and protecting the environment. This includes a rising popularity of organic farming and the development of seeds that are naturally resistant to pests and diseases. Additionally, farmers are focusing on water conservation techniques and using biodegradable or recyclable packaging materials for the seeds.

Rise of digital platforms and e-commerce

E-commerce platforms are revolutionizing seed distribution in the Philippines. By offering a wider selection of seeds and reaching a broader customer base, online platforms are making it easier for farmers, especially those in remote areas, to access quality seeds. These platforms also provide valuable information and resources, empowering farmers to make informed decisions about seed selection and crop management, thus impacting the Philippines seeds demand forecast.

Growth of Precision Agriculture

The Philippines is witnessing a steady adoption of precision agriculture. The availability of affordable and accessible technologies, such as drones, sensors, and data analytics, is making precision agriculture more feasible for farmers. A new generation of farmers is more tech-savvy and open to adopting new technologies. The Philippine government is recognizing the potential of precision agriculture and is investing in research and development, as well as providing incentives for farmers to adopt these technologies.

Philippines Seeds Industry Segmentation

“Philippines Seeds Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Conventional Seeds

• Genetically Modified Seeds

Market Breakup by Crop Type

• Row Crops
  • Fiber Crops
  • Forage Crops
  • Grains and Cereals
  • Oil Seeds
  • Pulses

• Vegetables 
  • Brassicas
  • Cucurbits
  • Roots and Bulbs
  • Solanaceae
  • Unclassified Vegetables

Market Breakup by Treatment

• Treated Seeds

• Untreated Seeds

Market Breakup by Trait

• Herbicide Tolerance

• Insect Resistance

• Others

Philippines Seeds Market Share

Based on type, the market is mainly divided into conventional seeds and genetically modified (GM) seeds. Genetically modified seeds are favoured due to various factors such as increased yields, less production time with accurate traits, low costs, efficient mineral usage, and improved nutritional content among others.

Based on treatment, the market is bifurcated into treated seeds and untreated seeds. Treated seeds are widely preferred due to several benefits such as higher yield potential, enhanced soil health, uniformity, and a protective barrier against harmful bacteria, fungi, and other pathogens. Moreover, because of growing sustainability concerns, treated seeds are replacing additional layer treatments, elevating the demand for high-quality seeds.

Leading Companies in Philippines Seeds Market

Market players are continuously investing in research and development and adhering to regulatory norms.

• BASF SE

• Bayer AG

• Corteva Inc.

• Syngenta AG

• East-West Seed Group

• UPL Ltd. (Advanta Seeds Philippines Inc.)

• Harbest Agribusiness Corporation

• Rijk Zwaan Zaadteelt en Zaadhandel B.V.

• SeedWorks Philippines, Inc.

• Others

Key Highlights of the Report

Philippines Seeds Market Report Snapshots

Philippines Seeds Market Size

Philippines Seeds Market Growth

Philippines Seeds Market Share

Philippines Seeds Companies