Seed Industry in India to Reach US$ 18.3 Billion by 2032, Impelled by Strong Government Support

July 08, 2022 | Agriculture

According to the latest report by IMARC Group, titled “Seed Industry in India Report by Crop Type (Wheat, Paddy, Vegetables, Cotton, Maize, Groundnut, Soybean, and Others), and Region 2024-2032,” the seed industry in India reached a value of US$ 7.0 Billion in 2023. Seeds are characteristic reproductive part of different types of plants, including gymnosperms and angiosperms. They are small embryonic plants that are enclosed in a seed coat with stored food. Seeds are formed from the fertilization of an ovule after pollination. They can be differentiated into two forms, namely, dicotyledonous and monocotyledonous. Seeds are used for growing a wide variety of fruits and vegetables, and for obtaining oils for margarine production, lubrication, cooking, and painting. There are several quality characteristics that are used for determining the quality of a seed, which include improved variety, genetic purity, physical purity, seed germination and vigor, seed health and moisture, freedom from weeds and other crop seeds. Some of the other quality characteristics include seed color, size, weight and specific gravity.

India Seed Industry Trends:

The seed industry in India is primarily being driven by the presence of a rich arable area and several agro-climatic zones in the country. These factors have presented numerous opportunities to breeders and research institutions, which is further fueling the market growth. Additionally, leading seed breeders in the country have been investing in the development of newer digital technologies to aid farmers overcome the negative impacts of pests, climate and other external factors. These technologies are integrated with data science, artificial intelligence (AI) tools, advanced phenomics, and genomics. Other than this, the Government of India (GoI) has been providing continuous support to farmers through the introduction of various programs, such as Integrated Scheme for Oilseeds, Pulses, Oil Palm, and Maize (ISOPOM), and Rashtriya Krishi Vikas Yojana. This is creating a positive outlook for the market in India. Looking forward, the market is projected to reach a value of US$ 18.3 Billion by 2032, growing at a CAGR of 10.9% during 2024-2032.

India Seed Industry Summary:

Based on the crop type, the market has been segmented into wheat, paddy, vegetables, cotton, maize, groundnut, soybean, and others. Among these, paddy accounts for the largest market share.
On a regional basis, the market has been segregated into Uttar Pradesh, Madhya Pradesh, West Bengal, Rajasthan, Punjab, Maharashtra, Andhra Pradesh, Bihar, Karnataka, and Others. At present, Uttar Pradesh represents the largest market for seeds in India.
The competitive landscape of the market has also been examined with some of the key players being Advanta, DuPont, Kaveri Seeds, Syngenta, Bayer, J K Seeds and Rallis India Limited.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Crop Type, State
State Covered	Uttar Pradesh, Madhya Pradesh, West Bengal, Rajasthan, Punjab, Maharashtra, Andhra Pradesh, Bihar, Karnataka, Others
Companies Covered	Advanta, DuPont, Kaveri Seeds, Syngenta, Bayer, J K Seeds and Rallis India Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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Seed Industry in India to Reach US$ 18.3 Billion by 2032, Impelled by Strong Government Support

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