The global seed market size is estimated to account for a value of USD 55.4 billion in 2019 and is projected to grow of 7.6% from 2019, to reach a value of USD 86.0 Billion by 2025. The growing demand for seeds from the food, beverage, animal feed, and biofuels industry is driving the growth of the market.
By type, the conventional seeds are projected to be the fastest-growing segment in the seed market during the forecast period.
Conventional seeds are projected to account for the fastest-growing segment in the market due to the growing demand for organically produced seeds. Many companies are adopting hybrid varieties of seeds which would be able to provide similar characteristics as genetically modified seeds.
By crop type, the cereals & grains is projected to dominate the seeds industry during the forecast period.
The cereals & grains segment is projected to hold the largest seed market share during the forecast period since there is a growing demand for it across developed and developing countries as rice and corn are among the primary staple foods adopted across the world.
By trait, the other traits segment is projected to dominate the seed market during the forecast period.
The market for crops with other traits is growing significantly in the market. The increasing adoption of crops with multiple traits has allowed for the reduction in usage of herbicides and insecticides and thereby reduced the cost of cultivation.
Key Market Players
Some of the major players operating in the seed market include BASF (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), United Phosphorous Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands). They also have manufacturing facilities along with strong distribution networks across these regions.
Categorizes the seed market based on type, crop type, trait, and region.
- Herbicide-tolerance (HT)
- Insect-resistance (IR)
- Other traits (which includes abiotic stress tolerance, disease resistance, modified product quality, and stacked traits)
- Genetically modified
By crop type:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (which include fiber crops and other commercial crops such as tobacco and medicinal plants)
- North America
- Asia Pacific
- South America
- Rest of World (RoW)*
*Rest of the World (RoW) includes the Middle East & Africa
IACT has been tried to develop the seed industry in the Iran. We have been active in supply of high quality seeds during these years. Continues the activities through promoting the seeds industry within the country and providing the best seeds for the domestic farmers. In addition to supplying the seeds and crops from reputable American, European and Asian companies, IACT has a purposeful and extensive activity in localizing, promoting and creating confidence in Iranian seed production. We proudly announce that the efforts made in the field of international affairs I the field of seeds have led to the import the best quality hybrid seeds of maize nd rapeseed to Iran. IACT is one of the pioneers in the seed import industry with a scientific attitude and approach and the use of experts and cooperation with research centers. Our main mission is to produce and provide domestic and foreign seeds with the highest quality.
Considering our vision in the field of seed, IACT has signed a three-year contract with National Federation of Maize and Sorghum Seed Producers I France (FNPSMS) within an international project as following;
Sorghum and maize seeds produced in the EU grow into crops with multiple outlets, superior drought resistance and economic value, in turn offering many opportunities in third countries. The EU’s promotional programme has the ability to trigger significant developments within a limited budget. Maize and sorghum are respectively the 1st and 5th most cultivated cereals worldwide, with many uses, especially in animal feed, human food and industrial processing. In existence for nearly 50 years, the FNPSMS (National Federation for the Production of Maize and Sorghum Seeds) has been promoting maize seeds (a product similar to sorghum seeds) at the European level for the past 10 years. With its technical expertise and well-established communications network, the FNPSMS is an experienced organisation, optimally placed to carry out this programme successfully. The FNPSMS intends to promote sorghum and maize seeds in Iran; Iran was selected for their climate, potential gains in acreage and market share. The EU’s seed selection is indeed particularly well adapted to the climate of Iran, offering better drought resistance, earlier harvesting dates and lower water consumption. Iran’s extremely favourable political context in terms of backing animal feed crops to develop poultry exports justifies the addition of maize to this market only. The aim of this “B2B” campaign is to improve farmers’ and other agricultural professionals’ knowledge about sorghum/maize, increase sorghum/maize acreage and expand market shares for EU sorghum/maize seed producers. The programme promotes the quality of European sorghum/maize seeds as against their local and global competitors. The total budget from EU for this promotional programme amounts to EUR 591 903 over 3 years (EUR 197 301 / year on average).
FEDERATION NATIONALE DE LA PRODUCTION DE SEMENCES DE MAIS ET DE SORGHO
596 732,76 €
473 522,40 €