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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Philippines Seeds Market Report Snapshots
Philippines Seeds Market Growth
Philippines Seeds Market Share
*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 861 million.
The market is estimated to grow at a CAGR of 4.3% between 2024 and 2032.
The Philippines seeds market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,257.06 million by 2032.
The major drivers are rising disposable income, demand for food security, awareness regarding nutrition and seed quality and technological innovations.
The key trends of the seeds market in the Philippines include the emergence of digital agriculture, and a focus on organic and sustainable farming.
Based on trait, the market is segmented into herbicide tolerance and insect resistance, among others.
On the basis of type, the market is segmented into conventional and genetically modified seeds.
The key players in the market are 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., among others.
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