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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Seeds Market Analysis
The market is being supported by the growing population across the globe due to which the demand for food and food production is increasing. Furthermore, owing to rapid urbanisation, the availability of per capita arable land has decreased. However, with the advent of genetically modified (GM) seeds, farmers are now able to enhance the efficiency of their farmlands as GM variants have more yield than non-GM variants. This is expected to drive the demand for GM seeds all over the world, further contributing to the seeds market demand.
In addition to this, in several countries, the government is encouraging the application of biofuel owing to its environmental benefits, further accelerating the demand for crops like soybean and corn, augmenting the demand for seeds of these crops. Expanding applications of biofuels can be attributed to the environmental advantages offered by the same and increasing focus on lowering carbon emissions globally. Besides, due to economic growth and increasing disposable incomes, the demand for agricultural produce from the food as well as non-food sectors has constantly been growing in a number of emerging markets, like India, China, the Middle East, and others, thereby invigorating the market growth in the forecast period.
Seeds Market Report Snapshots
Seeds Market Regional Analysis
*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 global seeds market attained a value of nearly USD 75.02 billion.
In the forecast period of 2024-2032, the seeds market is projected to grow at a CAGR of 7.00%.
By 2028, the seeds market is estimated to reach a value of about USD 112.64 billion.
The major drivers of the market are rising disposable incomes, increasing population, rapid urbanisation, and growing demand from food and non-food sectors in developing countries.
The growing shift towards biofuels globally and the rising adoption of genetically modified (GM) seeds are major trends expected to drive the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading crop type in the global seeds market are oilseeds.
The most significant seed type in the market are conventional seeds.
Herbicide-tolerant is the leading genetically modified seed trait of the product in the market.
Treated seeds hold the largest market share based on seed treatment.
On the basis of availability, the market is divided into commercial and saved seeds.
The leading players in the seeds market are Bayer AG, Syngenta Group Co.,Ltd., Groupe Limagrain Holding, Corteva, Inc., Sakata Seeds Corporation, and Rallis India Limited, among others.
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