Vegetable Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Vegetable Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5969
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Market Overview:

The global vegetable seed market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Vegetable seed is an embryonic plant enclosed in a protective outer covering of crops that are usually grown in gardens and on farms. It consists of an embryo, endosperm, and seed coat that form the nutritive tissue of the seed. Cabbage, lettuce, tomato, onion, melon, sweet pepper, okra, eggplant, hot pepper, sweetcorn, and Chinese cabbage are some of the common vegetables containing seeds. Quality vegetable seeds contain large amounts of proteins, starch and nutrients and are the most efficient means of propagating vegetables and crops.

Vegetable Seed Market Trends:

The significant growth in the food and beverage (F&B) industry across the globe is creating a positive outlook for the market. In line with this, vegetable seeds are widely being incorporated in meals and dietary plans of consumers due to the increasing demand for foods with higher nutritional characteristics and health advantages. Apart from this, the introduction of organic vegetable seeds produced using bio-fertilizers, biopesticides, and organic manure is providing an impetus to the market growth. This can be attributed to the lower impact of these seeds on the environment. Additionally, the increasing employment of gene-editing technology to meet the escalating demand for genetically modified vegetable seeds that impart traits such as disease resistance, increased yield, and reduced risk of crop spoilage is positively impacting the market growth. Moreover, the extensive utilization of biotechnology tools to grow a variety of vegetables with improved agronomic performance and adaptability to climatic conditions is influencing the market growth. Other factors, including the decreasing arable land, rising demand for hybrid vegetable seeds, and the incorporation of vegetable seeds in snacks and ready-to-eat (RTE) food items, are anticipated to drive the market further toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vegetable seed market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, crop type, cultivation method and seed type.

Breakup by Type:

  • Open Pollinated Varieties
  • Hybrid
     

Breakup by Crop Type:

  • Solanaceae
  • Root & Bulb
  • Cucurbit
  • Brassica
  • Leafy
  • Others
     

Breakup by Cultivation Method:

  • Protected
  • Open Field
     

Breakup by Seed Type:

  • Conventional
  • Genetically Modified Seeds
     

Breakup by Region:

  • 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 American Takii Inc., BASF SE, Bayer CropScience AG, Bejo Zaden BV, East-West Seed, Enza Zaden Beheer B.V., Groupe Limagrain, Namdhari Seeds Pvt. Ltd., Rijk Zwaan Zaadteelt En Zaadhandel BV, Sakata Seed Corporation, Syngenta AG (Cnac Saturn (Nl) B.V.) and UPL Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Crop Type, Cultivation Method, Seed Type, 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 American Takii Inc., BASF SE, Bayer CropScience AG, Bejo Zaden BV, East-West Seed, Enza Zaden Beheer B.V., Groupe Limagrain, Namdhari Seeds Pvt. Ltd., Rijk Zwaan Zaadteelt En Zaadhandel BV, Sakata Seed Corporation, Syngenta AG (Cnac Saturn (Nl) B.V.) and UPL Limited
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)

Key Questions Answered in This Report

The global vegetable seed market was valued at US$ 5.9 Billion in 2022.

We expect the global vegetable seed market to exhibit a CAGR of 4.1% during 2023-2028.

The rising demand for hybrid vegetable seeds, along with the introduction of organic variants produced using bio-fertilizers, biopesticides, and organic manure, is primarily driving the global vegetable seed 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 activities, thereby negatively impacting the global market for vegetable seeds.

Based on the type, the global vegetable seed market has been divided into open pollinated varieties and hybrid. Currently, open pollinated varieties exhibit a clear dominance in the market.

Based on the crop type, the global vegetable seed market can be categorized into Solanaceae, root & bulb, cucurbit, brassica, leafy, and others. Among these, Solanaceae currently holds the majority of the total market share.

Based on the cultivation method, the global vegetable seed market has been segregated into protected and open field, where open field exhibits a clear dominance in the market. 

Based on the seed type, the global vegetable seed market can be bifurcated into conventional and genetically modified seeds. Currently, conventional accounts for the largest 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 Asia-Pacific currently dominates the global market.

Some of the major players in the global vegetable seed market include American Takii Inc., BASF SE, Bayer CropScience AG, Bejo Zaden BV, East-West Seed, Enza Zaden Beheer B.V., Groupe Limagrain, Namdhari Seeds Pvt. Ltd., Rijk Zwaan Zaadteelt End Zaadhandel BV, Sakata Seed Corporation, Syngenta AG (Cnac Saturn (Nl) B.V.), and UPL Limited.

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Vegetable Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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