USD 63.41 billion
Commercial Seed Market Size, Share, Growth Analysis, By Type(Conventional Seeds, Genetically Modified Seeds), By Traits(Herbicide-tolerance (HT), Insect-resistance (IR), Abiotic stress tolerance, Disease resistance), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2031 |
Region:
Global |
Published Date: April, 2024
Pages:
265
|Tables:
65
|Figures:
75
Commercial Seed Market Insights
Global Commercial Seed Market size was valued at USD 63.41 billion in 2019 and is poised to grow from USD 69.04 billion in 2023 to USD 138.5 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).
The ability of commercial seeds to maximize agricultural output while reducing arable land is a key driver of market expansion. The world's population is expected to exceed 10 billion people. This is projected to increase demand for food, which would drive the market even more. Furthermore, increased disposable income per capita is expected to result in resource consumption that is both extensive and inefficient. Due to the propensity of commercial seeds to boost crop output when compared to farm seeds, this is projected to be a lucrative prospect. Plant genetic codes may now be mapped more cheaply and quickly thanks to recent advances in molecular biology. Farmers can more effectively deal with key agricultural difficulties like high demand by increasing production with Genetically Modified (GM) seeds. As a result, biotechnology seeds are in high demand due to their high efficiency in agricultural production.
Commercial seeds are used for crop production planting in the agriculture business. To generate a high-volume, high-quality harvest from farms, commercial seeds are processed and refined. In ancient times, the farmer produced and treated seeds for sowing reasons. Commercial seeds, on the other hand, are currently processed by seed companies and sold to farmers. The world's largest commercial seed companies are focusing their research efforts on ways to boost agricultural production while working with limited resources.
The United States, Brazil, Argentina, Canada, and India are among the major countries implementing GM agricultural growth. The market for GMO crops accounted for more than 10% of arable land, with significant regional heterogeneity. For example, GM crops are widely grown in the United States, but their production is restricted in nations such as Russia, Turkey, and Saudi Arabia.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Genetically Modified Seeds
Fastest Growth
Genetically Modified Seeds
Growth Rate
9% CAGR
Global Commercial Seed Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Commercial Seed Market Segmental Analysis
Global Commercial Seed Market is segmented based on Type, Trait, Other traits, and Region. Based on Type, it is categorized into Conventional and genetically modified seeds. Based on Trait, it is categorized into Herbicide-tolerance (HT), Insect-resistance (IR), Abiotic Stress Tolerance, Disease Resistance, Modified Product Quality, and Stacked Traits. Based on Region the market is further segregated into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, and Rest of the World.
Commercial Seed Market Analysis by Type
During the forecast period, genetically modified seeds are expected to be the fastest-growing sector in the seeds market by type. The fastest-growing section is expected to be genetically modified seeds. Genetically modified seeds enable farmers to considerably cut their operating costs, such as pesticide treatment while ensuring a far more bountiful yield. As a result, they are substantially more expensive than normal seeds.
The largest market share, predicted to be 40.2% for maize (corn), will be achieved in 2021. The demand for corn, which is also used for animal feed, is anticipated to rise as meat consumption rises, particularly in emerging nations. Additionally, the widespread use of corn products in the production of starch and sweeteners is anticipated to fuel the segment's expansion throughout the forecast period. During the forecast period, soybean is expected to grow rapidly at a CAGR of 8.3 %. It is predicted that the demand for soybeans would be driven by the considerable oil extraction from them and their high protein content. Animal feed frequently contains soybeans. A range of industrial food items employ it as a raw ingredient and a direct food source.
About 68.0% of the world's grain production is made up of wheat, which is the primary crop produced there.The majority of the crop, or about 80%, is utilized for food, hence population growth is the main factor influencing wheat consumption. The world's largest producer of wheat is China. The CIS, the US, Canada, and the EU are the top exporting nations. For a sizable portion of the global population, rice is the most important staple food. The demand for rice is predicted to increase by about 1.0%. It also has a relationship with population expansion. Due to its huge usage as a food source, rice has a profitable market in Asia. However, one of the obstacles to growth is the heavy reliance on labour for the production of rice, as well as low yield productivity.
Global Commercial Seed Market By Application, 2021 (%)
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Commercial Seed Market Regional Insights
Based on region, North America currently dominates the global commercial seed market, accounting for about 32% of the total market share. Regional market growth is likely to be fueled by extensive R&D, favorable government policies, and the cost-effectiveness of commercial seeds. Seeders have gathered more detailed data as a result of the advent of precision farming. Farmers are expected to be more aware of these seeds as a result of this. Europe captured the second-largest share of the market, owing to an increase in individual demand for botox operations in key European nations and increased research and development spending in Europe.
Over the projected period, Central and South America are expected to grow at the fastest rate of 10.7%. A vast range of farming structures and techniques, from smallholders in Central America to professionalized dega farmers in Brazil and Argentina, make agriculture an essential part of the region's economic system. Latin America is a major market share in global agricultural trade, with Brazil and Argentina ranking among the top three corn and soybean exporters. The agriculture sector in the Asia Pacific includes both basic agricultural systems in nations like India and the highest technical standards in Japan. The majority of smallholders and the importance of rice are common features throughout the region, with Australasia being the lone exception. Around 90% of the world's rice production is centered in Asia, with India and China accounting for 28% and 20%, respectively. As the Asia Pacific is also the world's largest cotton grower.
Global Commercial Seed Market By Geography, 2022-2028
- Largest
- Fastest
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Commercial Seed Market Dynamics
Commercial Seed Market Driver
- Population Growth Around the World:
The demand for commercial seeds is growing in tandem with the world's population, accelerating the market's expansion. It is expected that increasing disposable income will lead to unrestrained resource usage. This will increase demand for commercial seeds, which will increase crop yield in comparison to farm seeds. The molecular biology revolution has made it easier and less expensive to map the genetic codes of plants. These developments will probably increase the production of commercial seeds.
Commercial Seed Market Restraint
- A major obstacle to the expansion of the commercial seed market is the climate change brought on by agriculture's considerable emissions of methane and nitrous oxide. Methane emissions through enteric fermentation are mostly caused by the digestive systems of ruminant animals and rice farming. The World Resources Institute (WRI) claims that in order to combat climate change, considerable initiatives must be developed to minimise greenhouse gas emissions from agricultural production.
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Commercial Seed Market Competitive Landscape
The worldwide commercial seed market appears fragmented, Because of the large number of participants. Players in corporate strategic efforts such as mergers and acquisitions, expansion, collaboration, and product/technology introduction seek to achieve a greater competitive share.
Commercial Seed Market Top Players company Profiles
- Thermo Fisher Scientific
- Merck KGaA
- Sartorius AG
- Danaher Corporation
- Pall Corporation (a division of Danaher Corporation)
- GE Healthcare Life Sciences
- Repligen Corporation
- Parker Hannifin Corporation
- Meissner Filtration Products, Inc.
- 3M Company
- ErtelAlsop
- Entegris, Inc.
- Saint-Gobain Performance Plastics
- Starlab Scientific Co., Ltd.
- Avantor, Inc.
- Filtertechnik Jäger GmbH
- Advantec MFS, Inc.
- Thermo Scientific (a division of Thermo Fisher Scientific)
- Filtrox AG
- Eaton Corporation
Commercial Seed Market Recent Development
- In March 2021, on the other side, rising research and development costs are expected to stifle the commercial seeds market's expansion throughout the forecasted period. However, the commercial seeds market will face safety and regulatory challenges shortly
Commercial Seed Key Market Trends
- Maize (corn) was predicted to have a market share of 40.2%. Corn is also used in animal feed, and demand for it is likely to rise as meat consumption rises, particularly in emerging nations. Furthermore, the widespread use of maize products in the production of starch and sweeteners is likely to drive category expansion throughout the projection period.
- During the projection period, soybean is expected to grow at an annual rate of 8.3%. The high protein content of soybeans, combined with the considerable extraction of oil from them, is expected to stimulate demand. Soybean is a common ingredient in animal feed. It's also utilized as a food source as a raw material in a wide range of industrial food items.
Commercial Seed Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using exploratory Research backed by the robust Secondary Desk research.
According to Analysis, Genetically modified Seeds Segments dominated the Global Commercial Seed Market. North America is expected to dominate the Global Commercial Seed Market. The increased disposable income per capita have emerged as major trends in this market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 63.41 billion |
| Market size value in 2031 | USD 138.5 billion |
| Growth Rate | 9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Commercial Seed Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Commercial Seed Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Commercial Seed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Seed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Seed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Seed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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