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Report Overview
The South Africa seeds market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Vegetables are expected to account for a significant share, growing at a CAGR of 4.8% between 2024-2032.
- As per industry reports, 15 million metric tonnes of genetically modified maize is produced in the region with 10 million metric tonnes being consumed domestically.
- In June 2024, Sakata Seed Corporation launched a brand-new F1 variety of hybrid cabbage called Conquistador II in the South African market. Depending on plant spacing and the season, growers can anticipate excellent harvests with heads weighing up to 8 kg or even larger.
South Africa Seeds Market Growth
The seed market is primed for substantial growth owing to a variety of factors such as rising income levels, increased demand for food and nutrition, the need for food security, and advancements in seed technology. Additionally, there is an increased emphasis on sustainable agriculture due to growing environmental concerns caused by global warming and climate change, which will likely influence the seeds demand forecast.
Also, the introduction of new varieties of seeds such as hybrid seeds and genetically modified seeds to satisfy domestic needs has fueled market growth. According to the South Africa Agricultural Research Council, genetically modified (GM) maize seeds account for 85% of total maize production in the country with 5 million metric tonnes exported as surplus. Also, governmental efforts to boost agricultural productivity, increasing herbicide tolerance, and insect resistance, along with enhancing seed quality are propelling growth of South Africa seeds market.
Furthermore, continuous research and development to meet the government’s vision of food security has made the players gain a competitive edge in the market while distinguishing themselves from competitors. For instance, Bayer SE’s Acceleron seed treatment package offers a combination of fungicide and insecticide, to enhance quality and protect DEKALB hybrid seed and seedlings from diseases and potential damage at their most vulnerable stage during the growth process.
South Africa Seeds Market Report Snapshots
South Africa Seeds Market Size
South Africa Seeds Market Growth
*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
The seeds market in South Africa is estimated to grow at a CAGR of 5.3% between 2024 and 2032.
The major drivers are increased demand for food, rise in the level of income, growing need for more nutrition, and innovation in seed technology.
The key trends include the introduction of hybrid and genetically modified seeds, enhanced seed treatment technology, and a rise in sustainable agriculture.
Based on trait, the market is segmented into herbicide tolerance and insect resistance, among others.
The market is segmented into conventional and genetically modified seeds, based on type.
The key players in the market are BASF SE, Bayer AG, Corteva Inc., Syngenta AG, Groupe Limagrain Holding, KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, Rijk Zwaan Zaadteelt en Zaadhandel B.V., Takii & Co., Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124