Key Takeaways
- The global seeds market size was valued at USD 62.45 billion in 2023 and is projected to reach USD 100.6 billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
- In 2022, the commercial seeds segment accounted for 65% of the global seeds market revenue, driven by high demand for hybrid and GM seeds.
- The vegetable seeds market was valued at USD 8.2 billion in 2023, expected to grow to USD 12.5 billion by 2028 at a CAGR of 8.8%.
- World corn seed production reached 95 million tons in 2022/23 marketing year.
- Global soybean seed production was approximately 130 million metric tons in 2023.
- Wheat seed production worldwide totaled 78 million tons in the 2022/23 crop year.
- Bayer Crop Science held 25% market share in global seeds market in 2023.
- Corteva Agriscience captured 22% of the global seeds market revenue in 2022.
- Syngenta Group accounted for 18% share in commercial seeds sector in 2023.
- North America accounted for 35% of global seeds market in 2023.
- United States seed market valued at USD 12.5 billion in 2023.
- Brazil held 25% share in global soybean seeds production in 2023.
- Global adoption of GM seeds reached 190 million hectares in 2023.
- CRISPR gene-edited seeds trials increased 40% from 2022 to 2023.
- Hybrid seeds adoption rate hit 75% in corn crops worldwide.
The global seeds industry is growing rapidly due to high demand for commercial and vegetable seeds.
Company Profiles
- Bayer Crop Science held 25% market share in global seeds market in 2023.
- Corteva Agriscience captured 22% of the global seeds market revenue in 2022.
- Syngenta Group accounted for 18% share in commercial seeds sector in 2023.
- BASF SE held 8% market share in seeds industry globally in 2022.
- KWS SAAT SE & Co. KGaA commanded 5% of global seeds market in 2023.
- Limagrain had 4.5% share in the vegetable seeds market worldwide in 2022.
- Sakata Seed Corporation controlled 3.8% of global vegetable seeds in 2023.
- Rijk Zwaan held 3.2% market share in vegetable seeds segment in 2022.
- Monsanto (Bayer) dominated corn seeds with 35% global share in 2023.
- Pioneer Hi-Bred (Corteva) had 28% share in soybean seeds market in 2022.
- DuPont Pioneer led wheat seeds with 20% global market share in 2023.
- Advanta Seeds (UPL) held 12% in sorghum seeds worldwide in 2022.
- DLF Seeds dominated forage seeds with 15% market share in 2023.
- Barenbrug Group captured 18% of turf grass seeds market globally.
- Syngenta Flowers had 22% share in flower seeds market in 2022.
- Takii & Co. held 10% in Asia Pacific vegetable seeds market in 2023.
- Enza Zaden commanded 7% global share in tomato seeds in 2022.
- Bejo Zaden had 6.5% market share in onion seeds worldwide.
- Nunhems (Bayer) led pepper seeds with 14% global share in 2023.
- Harris Moran (Bonduelle) held 9% in lettuce seeds market.
- Clause (Limagrain) captured 8% share in cabbage seeds globally.
- Vilmorin & Cie dominated carrot seeds with 11% market share.
- Johnny's Selected Seeds led organic seeds US market with 5% share.
- Territorial Seed Company held key position in US vegetable seeds.
- Burpee Seeds commanded 4% in US home garden seeds market 2023.
Company Profiles Interpretation
Innovations and Trends
- Global adoption of GM seeds reached 190 million hectares in 2023.
- CRISPR gene-edited seeds trials increased 40% from 2022 to 2023.
- Hybrid seeds adoption rate hit 75% in corn crops worldwide.
- Drought-tolerant seed varieties covered 15% of maize acreage in 2023.
- Organic seed usage grew 12% annually, reaching 5% market penetration.
- Precision breeding technologies applied to 20% new seed varieties in 2023.
- Insect-resistant Bt seeds planted on 80 million hectares globally.
- Seed coating technologies used on 60% of commercial seeds.
- Climate-resilient seeds demand surged 25% in 2023.
- Vertical farming seed optimization for 30% higher yields.
- RNA interference (RNAi) seeds in development for 10 crops by 2025.
- Speed breeding techniques reduced corn variety development to 2 years.
- Beneficial microbes inoculated seeds increased 18% adoption.
- Digital seed selection via AI improved purity by 15%.
- Herbicide-tolerant next-gen seeds for 5 major crops launched 2023.
- Regenerative agriculture seeds covered 10 million hectares.
- Nano-encapsulated seed treatments enhanced germination by 25%.
- Blockchain traceability in seeds supply chain adopted by 15% firms.
- Biofortified seeds reached 50 million farmers in developing countries.
- Pollen-free hybrid rice seeds reduced allergen issues by 90%.
- Multi-trait stacked GM seeds in 40% new corn launches.
- Seed priming techniques boosted vegetable yields 20-30%.
- Autonomous seed planting robots used on 5 million acres.
- Synthetic biology seeds for nitrogen fixation in trials.
- High-oleic oil seeds varieties expanded to 12 million hectares.
- Mycorrhizal fungi seed treatments improved drought tolerance 35%.
- Gene drive tech explored for pest-resistant seeds.
- Open-source seed banks grew to 2,000 varieties shared.
- LED-optimized seeds for indoor farming yield +40%.
- Carbon-capturing cover crop seeds planted 20 million acres.
Innovations and Trends Interpretation
Market Size and Value
- The global seeds market size was valued at USD 62.45 billion in 2023 and is projected to reach USD 100.6 billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
- In 2022, the commercial seeds segment accounted for 65% of the global seeds market revenue, driven by high demand for hybrid and GM seeds.
- The vegetable seeds market was valued at USD 8.2 billion in 2023, expected to grow to USD 12.5 billion by 2028 at a CAGR of 8.8%.
- North America held 35% share of the global seeds market in 2023, valued at approximately USD 21.8 billion.
- The row crops seeds market size reached USD 40.1 billion in 2023 and is forecasted to hit USD 58.3 billion by 2032, with a CAGR of 4.2%.
- Oilseeds market was valued at USD 28.5 billion in 2022, projected to grow to USD 38.7 billion by 2030 at 3.9% CAGR.
- Turf and ornamental grass seeds market stood at USD 1.6 billion in 2023, expected to reach USD 2.3 billion by 2030.
- The forage seeds market size was USD 12.4 billion in 2023, anticipated to expand to USD 18.9 billion by 2032 at 4.8% CAGR.
- Global flower seeds market valued at USD 1.9 billion in 2022, projected to USD 2.8 billion by 2030, CAGR 5.2%.
- Herbicide-tolerant seeds segment generated USD 25.6 billion in revenue in 2023, comprising 41% of total GM seeds market.
- The seeds market in Asia Pacific grew from USD 18.2 billion in 2022 to an estimated USD 32.5 billion by 2030.
- Organic seeds market reached USD 4.7 billion globally in 2023, with a projected CAGR of 12.3% to 2030.
- The global corn seeds market was valued at USD 15.2 billion in 2023, expected to grow at 5.5% CAGR.
- Soybean seeds market size hit USD 22.1 billion in 2022, forecasted to USD 32.4 billion by 2031.
- Wheat seeds market valued at USD 10.8 billion in 2023, projected to reach USD 15.6 billion by 2030.
- Rice seeds market stood at USD 7.9 billion in 2022, with 4.1% CAGR expected to 2030.
- Cotton seeds market generated USD 5.3 billion in 2023, anticipated growth to USD 7.2 billion by 2028.
- Global sorghum seeds market size was USD 2.1 billion in 2023, to reach USD 3.0 billion by 2032.
- Sunflower seeds market for sowing valued at USD 1.4 billion in 2022, projected CAGR 4.7%.
- Pulse seeds market reached USD 9.6 billion in 2023, expected to grow at 5.2% CAGR to 2030.
- The global beet seeds market was valued at USD 0.8 billion in 2023, forecasted to USD 1.2 billion by 2030.
- Cabbage seeds market size stood at USD 0.5 billion in 2022, with 6.8% CAGR projected.
- Onion seeds market valued at USD 1.1 billion in 2023, to reach USD 1.7 billion by 2030.
- Tomato seeds market generated USD 1.3 billion in 2022, expected CAGR 7.5% to 2028.
- Pepper seeds market reached USD 0.9 billion in 2023, projected to USD 1.4 billion by 2030.
- Global carrot seeds market size was USD 0.4 billion in 2022, growing at 5.9% CAGR.
- Lettuce seeds market valued at USD 0.7 billion in 2023, to hit USD 1.1 billion by 2030.
- Spinach seeds market stood at USD 0.3 billion in 2022, with 6.2% CAGR forecast.
- Global pumpkin seeds market for sowing was USD 0.6 billion in 2023.
- Cucumber seeds market size reached USD 0.8 billion in 2022, projected 7.1% CAGR.
Market Size and Value Interpretation
Production Statistics
- World corn seed production reached 95 million tons in 2022/23 marketing year.
- Global soybean seed production was approximately 130 million metric tons in 2023.
- Wheat seed production worldwide totaled 78 million tons in the 2022/23 crop year.
- Rice paddy seed production hit 520 million tons globally in 2023.
- Cotton seed production reached 75 million tons in 2022/23.
- Global canola/rapeseed seed production was 82 million metric tons in 2023/24.
- Sunflower seed production worldwide amounted to 57 million tons in 2023.
- Sorghum seed production globally stood at 62 million tons in 2022/23.
- Barley seed production reached 150 million tons in 2023.
- Oat seed production worldwide was 26 million tons in 2022/23.
- Global pulse seed production (peas, lentils, chickpeas) totaled 95 million tons in 2023.
- Sugar beet seed production reached 290 million tons of beets in 2022.
- Vegetable seed production for tomatoes globally was 190 million tons in 2023.
- Onion seed production worldwide amounted to 110 million tons in 2022.
- Cabbage seed production hit 72 million tons globally in 2023.
- Carrot seed production worldwide was 42 million tons in 2022.
- Lettuce seed production reached 28 million tons in 2023.
- Spinach seed production globally stood at 32 million tons in 2022.
- Global pumpkin and squash seed production was 29 million tons in 2023.
- Cucumber seed production worldwide totaled 94 million tons in 2022.
- Pepper seed production reached 38 million tons globally in 2023.
- World beetroot seed production was 14 million tons in 2022.
- Global forage seed production (alfalfa, clover) estimated at 120 million tons in 2023.
- Turf grass seed production worldwide around 1.2 million tons in 2022.
- Flower seed production globally for ornamentals was 0.5 million tons in 2023.
- US corn seed yield averaged 177 bushels per acre in 2023.
- Brazilian soybean seed yield reached 3.3 tons per hectare in 2022/23.
- India rice seed yield stood at 2.7 tons per hectare in 2023.
Production Statistics Interpretation
Regional Analysis
- North America accounted for 35% of global seeds market in 2023.
- United States seed market valued at USD 12.5 billion in 2023.
- Brazil held 25% share in global soybean seeds production in 2023.
- China dominated rice seeds market with 30% global production share.
- India corn seeds consumption reached 15% of world total in 2022.
- EU wheat seeds market size was EUR 4.2 billion in 2023.
- Argentina cotton seeds production share was 12% globally in 2023.
- Canada canola seeds output represented 40% of world production.
- Ukraine sunflower seeds production at 15% global share in 2022.
- Australia sorghum seeds exports held 20% world market in 2023.
- Russia barley seeds production 18% of global total in 2023.
- France forage seeds market leader in EU with 25% share.
- US turf seeds production 60% of North American market.
- Netherlands flower seeds exports 50% of global trade.
- Asia Pacific seeds market grew at 8.2% CAGR 2018-2023.
- Latin America row crops seeds market USD 15.6 billion in 2023.
- Middle East & Africa vegetable seeds market USD 2.1 billion 2023.
- Mexico corn seeds imports 5 million tons annually average.
- South Africa sunflower seeds 8% global production share.
- Turkey pulse seeds production 10% world share in 2023.
- Germany sugar beet seeds EU leader with 30% share.
- Spain tomato seeds production 15% EU total.
- Poland onion seeds market growing at 6% CAGR.
- Italy lettuce seeds exports key in Mediterranean.
- China cabbage production 45% global share.
- US carrot seeds California 70% domestic production.
- India spinach seeds 25% Asia production.
- Brazil pumpkin seeds expanding at 5% annually.
Regional Analysis Interpretation
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