Seeds Market Size, Share and Industry Analysis, By Type (Genetically Modified and Conventional), By Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), and Regional Forecast, 2024-2032

The global seeds market is an indispensable issue of the agricultural environment, encompassing a range of seeds, which include traditional and genetically modified (GM) varieties. The global seeds market is a crucial factor in agriculture, assisting food production and addressing evolving consumer desires. The escalating worldwide population necessitates heightened agricultural output, stimulating demand for high-yielding seeds in order to fulfill the surging food demand.

Furthermore, continued advancements in seed technologies, encompassing precision breeding and genetic adjustments, bolster crop tendencies, resilience, and productivity, riding marketplace increase. In addition, progress in biotechnology, consisting of CRISPR-Cas9 and RNA interference, offers opportunities for developing novel seed varieties that are pest-resistant and stress-tolerant.

However, restraints consisting of stringent policies and approval tactics surrounding genetically modified seeds present obstacles to the market's access and expansion, mainly in certain areas. Also, developing apprehensions concerning environmental impact, biodiversity loss, and GMOs constrain the market boom. In addition, the declining arable land, coupled with urbanization and land degradation, poses challenges to agricultural growth and seed production.

The COVID-19 pandemic disrupted worldwide supply chains, labor availability, and agricultural operations, exerting a tremendous effect on the seeds market. However, it additionally underscored the significance of resilient food structures, spurring investments in seed technology, digitalization, and sustainable agricultural practices.

Thus, the worldwide seeds market offers a dynamic landscape characterized by way of evolving growers' demand, technological innovations, regulatory dynamics, and local tendencies. Despite challenges, the market gives considerable opportunities for seed corporations to innovate, collaborate, and contribute in the direction of sustainable agricultural development and international food safety.

Key Insights

The report covers the following key insights:

• Overview of the Parent/Related Market


• Supply Chain Analysis


• Regulatory Framework


• Drivers, Restraints and Opportunities


• Impact of COVID-19 on the Global Seeds Market


• Key Developments

Segmentation

Analysis by Type

The seeds market encompasses both genetically modified (GM) and conventional seeds. Conventional seeds, derived from traditional breeding methods, stay prominent, imparting familiarity and reliability to farmers. However, the global marketplace is witnessing a massive surge in demand for GM seeds, driven by their trait of pest resistance, herbicide tolerance, and improved yield capability.

GM seeds have revolutionized agricultural practices, addressing demanding situations related to pest management and weed control. Despite regulatory hurdles and public skepticism, GM seeds preserve advantage traction, specifically in areas with intensive agriculture and a want for better productivity. The coexistence of traditional and GM seeds underscores the dynamic nature of the seeds market, where innovation, law, and grower's attractiveness play pivotal roles in shaping its trajectory.

Analysis by Crop Type

The seeds market caters to a diverse range of crops, including cereals & grains, oilseeds & pulses, and fruits & vegetables. Cereals & grains, comprising staples, such as wheat, corn, and rice, represent a considerable part of the marketplace due to the larger global area under cereals cultivation. Pulses and oilseeds, which include soybeans, pulses, and sunflower seeds, enjoy steady growth, fueled by the rising adoption of these seeds and increasing area under oilseeds & pulses cultivation, particularly in the merging nations.

Regional Analysis

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Geographically, the seeds market exhibits regional variations across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Major seed groups dominate the North American location and function as a pivotal market for GM crops, with a strong emphasis on corn, soybeans, and cotton. Europe leads in demand for natural and non-genetically modified seeds as a result of the stringent regulations on GM seeds.

Key Players Covered

The global seeds market is characterized by intense competition, with key players focusing on research and development, strategic partnerships, and geographical expansion. Some of the top global seed manufacturers include Bayer CropScience, Corteva Agriscience, Syngenta Group, BASF SE, Groupe Limagrain, KWS SAAT SE, Dow AgroSciences, Land O'Lakes, Inc., Sakata Seed Corporation, and Takii & Co., Ltd.

Key Industry Developments

• In March 2024, Syngenta, a prominent global player in agriculture input manufacturing, inaugurated its new Seed Health Lab in Hyderabad, India. This inauguration is another step toward the company's ongoing commitment to enhancing its quality control capabilities. The new lab is equipped with state-of-the-art seed testing facilities, the new lab stands as a testament to Syngenta's dedication to innovation and excellence in seed health assessment. This India's first-of-its-kind seed health lab is established to assist growers in India and Asia Pacific.


• In September 2022, Bayer, a major player in agriculture inputs and seeds, announced the expansion of its vegetable seeds line with organically produced options under the "Vegetables by Bayer" brand. This initiative reflects Bayer's commitment to meeting the growing demand for organic produce and supporting environmentally friendly farming practices. Initially targeting greenhouse and glasshouse markets, Bayer will focus on tomato, sweet pepper, and cucumber seeds. This expansion underscores Bayer's dedication to innovation and sustainability in agriculture, providing growers with high-quality, sustainable seed choices to meet evolving consumer preferences.


• In August 2021, Chia Tai Company Limited, Thailand's premier agricultural innovator, introduced "Vista Plus" (F1 Hybrid), the latest variety of Chinese bitter gourd seeds. This launch by the company aims to address the needs of farmers by offering improved leaf disease tolerance, higher yields, larger crop sizes with upright shoulders, and better weight in harvested produce. These enhancements aim to increase farmers' income by meeting market demand for high-quality Chinese bitter gourd.