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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 861.0 |
| Market Size 2032 | USD Million | 1,257.1 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.3% |
| CAGR 2024-2032 - Market by Type | Conventional Seeds | 3.9% |
| CAGR 2024-2032 - Market by Crop Type | Row Crops | 4.7% |
| Market Share by Type | Conventional Seeds | 78.0% |
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 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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