Commercial Seeds Market Report by Conventional Seeds (Maize, Soybean, Vegetable, Cereals, Cotton, Rice, Canola, and Others), Genetically Modified Seeds (Soybean, Maize, Cotton, Canola, and Others), and Region 2024-2032

Commercial Seeds Market Report by Conventional Seeds (Maize, Soybean, Vegetable, Cereals, Cotton, Rice, Canola, and Others), Genetically Modified Seeds (Soybean, Maize, Cotton, Canola, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4077
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Market Overview:

The global commercial seeds market size reached US$ 73.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 129.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 73.5 Billion
Market Forecast in 2032
US$ 129.6 Billion
Market Growth Rate (2024-2032) 6.3%


Commercial seeds are used to reduce soil erosion on cropland; improve the productivity of pasture and grazing lands; and protect, create and restore wetlands. They are widely utilized as animal feed to enhance the volume and quality of crops and hay production, grazing, and cover cropping. Besides this, they find application as a raw material in the production of biodiesel fuels. Presently, the escalating demand for biodiesel fuels due to increasing environmental concerns and stringent fuel emission standards implemented by governing agencies of numerous countries is offering lucrative market opportunities.

Global Commercial Seeds Market

Commercial Seeds Market Trends:

The growing global population and consequently declining arable land are increasing food insecurity concerns worldwide. This represents one of the key factors positively influencing the demand for commercial seeds to maximize crop yield. Moreover, governing agencies of numerous countries are supporting the adoption of sustainable farming practices through various incentives, which, in turn, is escalating the demand for organic, non-genetically modified organisms (GMO) commercial seeds. Apart from this, several manufacturers are offering hybrid seeds that have great vigor, uniformity, and yield potential. Additionally, the emerging global energy demand, the escalating need for clean and renewable fuel sources, and the thriving automotive industry are some of the factors catalyzing the demand for biofuel. This, in turn, is bolstering the growth of the market. Furthermore, several leading companies are investing in research and development (R&D) facilities to improve yield, performance, and disease and pest resistance of commercial seeds.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial seeds market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on conventional seeds and genetically modified seeds.

Breakup by Conventional Seeds:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Maize
  • Soybean
  • Vegetable
  • Cereals
  • Cotton
  • Rice
  • Canola
  • Others
     

Breakup by Genetically Modified Seeds:

  • Soybean
  • Maize
  • Cotton
  • Canola
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bayer AG, Corteva Inc., DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes Inc., Rijk Zwaan Zaadteelt en Zaadhandel B.V., Sakata Seed South Africa, Syngenta Group (ChemChina), Takii & Co. Ltd. and Vilmorin & Cie (Groupe Limagrain).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Conventional Seeds, Genetically Modified Seeds, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bayer AG, Corteva Inc., DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes Inc., Rijk Zwaan Zaadteelt en Zaadhandel B.V., Sakata Seed South Africa, Syngenta Group (ChemChina), Takii & Co. Ltd. and Vilmorin & Cie (Groupe Limagrain)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global commercial seeds market was valued at US$ 73.5 Billion in 2023.

We expect the global commercial seeds market to exhibit a CAGR of 6.3% during 2024-2032.

The rising adoption of sustainable farming practices, along with the growing demand for commercial seeds as a raw material in the production of biodiesel fuel, is primarily driving the global commercial seeds market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various agricultural practices, thereby negatively impacting the global market for commercial seeds.

Based on the conventional seeds, the global commercial seeds market has been divided into maize, soybean, vegetable, cereals, cotton, rice, canola, and others. Among these, maize currently exhibits a clear dominance in the market.

Based on the genetically modified seeds, the global commercial seeds market can be segmented into soybean, maize, cotton, canola, and others. Currently, soybean holds the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global commercial seeds market include Bayer AG, Corteva Inc., DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes Inc., Rijk Zwaan Zaadteelt en Zaadhandel B.V., Sakata Seed South Africa, Syngenta Group (ChemChina), Takii & Co. Ltd., and Vilmorin & Cie (Groupe Limagrain).

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Commercial Seeds Market Report by Conventional Seeds (Maize, Soybean, Vegetable, Cereals, Cotton, Rice, Canola, and Others), Genetically Modified Seeds (Soybean, Maize, Cotton, Canola, and Others), and Region 2024-2032
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