Global Seeds Market to Reach US$ 52.5 Billion by 2032, Propelled by Increasing Food Demand

March 20, 2023 | Agriculture

According to the latest report by IMARC Group, titled "­­Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global seeds market size reached US$ 45.2 Billion in 2023. A seed is a mature ovule that contains a tiny undeveloped plant and food reserves. It mainly consists of three components: embryo, endosperm, and seed coat. The embryo is a small plant with a root, stems, and leaves. The endosperm refers to the nutritive tissue of the seed, containing starch, oil, and protein. On the other hand, the seed coat refers to the protective covering that helps seeds remain viable for a long time. A seed plays an important role in the reproduction of plants due to its ability to grow into a new plant under proper environmental conditions, including temperature, moisture, and sunlight. It performs various vital functions, such as providing nourishment to the embryo, dispersing to new locations, and achieving dormancy in adverse weather conditions. Some of the standard seeds extensively used across the world include wheat, rice, corn, and other edible legumes, such as peanuts, lentils, beans, and peas.


Global Seeds Market Trends:

The global seed market is primarily driven by the substantial shift in farming practices and increasing demand for food caused by a growing population, rapid urbanization, and the shortage of available per capita arable land. A rising number of farmers prefer commercially produced enhanced seed varieties over the seeds from the last harvest since they have enhanced nutritional quality and are resistant to disease, thus reducing crop damage and improving crop yield. In addition to this, rising health concerns and consumer awareness about the benefit of regular consumption of fruit and vegetables are fuelling the need for good quality vegetable planting seeds, which is acting as another growth-inducing factor. Moreover, the advent of genetically modified (GM) seeds with more yield and can help farmers enhance the efficiency of their farmlands is presenting remunerative opportunities for the market. Besides this, the introduction of hybrid seeds, which are developed as per the requirements of consumers and farmers in terms of adaptability, nutrition, taste, color, shape, size, cooking quality, yield, and shelf-life, is aiding in market expansion. Furthermore, several governments are encouraging the use of biofuel on account of its environmental benefits, which is propelling the demand for crops like soybean and corn. This, in turn, is creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 52.5 Billion by 2032, expanding at a CAGR of 1.6% during 2024-2032.


Market Summary:

  • Based on the type, the market has been bifurcated into conventional and genetically modified seeds.
  • On the basis of the seed type, the market is segregated into oilseeds (soybean, sunflower, cotton, and canola/rapeseed), cereals & grains (corn, wheat, rice, and sorghum), fruits & vegetables (tomatoes, melons, brassica, pepper, lettuce, onion, and carrot), burpee & park, and other seeds (alfalfa, clovers and other forage, flower seed, and turf grasses).
  • Based on the trait, the market is categorized into herbicide-tolerant (HT), insecticide-resistant (IR), and other stacked traits.
  • On the basis of availability, the market has been divided into commercial and saved seeds.
  • Based on the seed treatment, the market has been classified into treated and untreated.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, and others), Latin America (Brazil, Mexico, Argentina, and others), and Middle East and Africa (Turkey, South Africa, Saudi Arabia, UAE, and Others).
  • The competitive landscape of the market has also been examined, with some of the key players being Bayer Crop Science AG, Corteva, Syngenta AG, BASF, Limagrain, KWS SAAT SE, Sakata Seed Corporation, AgReliant Genetics, LLC, DLF Seeds A/S, and Yuan Longping High-tech Agriculture Co., Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Seed Type, Traits, Availability, Seed Treatment, 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, Singapore, Brazil, Mexico, Argentina, Turkey, South Africa, Saudi Arabia, UAE
Companies Covered Bayer Crop Science AG, Corteva, Syngenta AG, BASF, Limagrain, KWS SAAT SE, Sakata Seed Corporation, AgReliant Genetics, LLC, DLF Seeds A/S and Yuan Longping High-tech Agriculture Co., Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Seeds Market to Reach US$ 52.5 Billion by 2032, Propelled by Increasing Food Demand
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More