Global Seed Market Size, Share, Opportunities, And Trends By Origin (Genetically-modified, Convention), By Trait (Herbicide-tolerant, Insecticide-resistance, Stacked-trait), By Crop Type (Fruits And Vegetables, Oilseeds And Pulses, Cereals And Grains), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061610568
  • Pages : 142

The global seed market market is anticipated to grow at a compound annual growth rate (CAGR) of 6.65% over the forecast period to reach US$105.445 billion by 2029, increasing from US$67.208 billion in 2022

The demand for more food with the growing population, as well as environmental concerns related to certain practices of food production leads to soil degradation leads to innovative types of seeds. These seed varieties help farmers maximize productivity on existing land.

The non-GMO seeds also have a market growth, the primary driver is being the increasing consumer concern regarding the potential health risks associated with GMOs. Several companies have launched, disease-resistant seeds., such as, For example, on February 2023, BASF introduced new tomato seed varieties that are resistant to ToBRFV. Their Nunhems® portfolio currently includes a selection of tomato seed varieties that exhibit resistance to ToBRFV. 

In a developed country like the UK, the total of seed type authorizations for the crop species of the tomato in 2022 was 154 which jumped to 207 in 2023., Similarly, for broccoli, it was 160 in 2022 and 209 in 2023.  These are major vegetable crops under horticulture.

Growing global food security challenge is anticipated to propel market growth.

The global food security challenge is the major driver of the global seed market. Factors such as the growing global population, changing tastes and preferences, climatic changes, and increasing water scarcity worldwide are leading to a rise in global food insecurity.

According to the new global report on the food crisis, in 2023, unprecedented levels of acute food insecurity continued to endure as a result of prolonged food crises and recent shocks. Across 48 countries, approximately 238 million individuals are confronting severe levels of acute food insecurity, representing a 10% increase compared to 2022 . Given the limited scope for expanding agricultural land and water resources, the agricultural sector is required to improve productivity with efficient resource use to meet the rising food demand.

Furthermore, according to the United Nations, the global population is projected to reach 9.7 billion in 2050 and could go to nearly 10.4 billion in 2080.  The food production would have increased many fold accordingly. To make all regions in the world food secure, there is a rising demand for hybrid seeds to raise productivity.

The market is projected to grow in the North American region.

The United States seed market is expected to boost owing to growing research and development in the field. Additionally, the country has a robust infrastructure, and there is a well-established supply chain, transportation, and distribution for the supply and logistics of seeds is expected to propel the market for seeds in the projected period.

With increasing technological advancement, hybrid seeds are expected to hold significant care in the United States, as farmers prefer hybris seeds as they are easier to grow, earn higher profit, and obtain higher yields. The growing production of wheat, coarse grain, millet, and rice in the United States is another reason that might increase the demand for seeds in the coming years. For instance, according to the United States Department of Agriculture (USDA), wheat production in 2021-22 was 44.8 million metric tons, which increased to 44.9 million metric tons in 2022-23. 

Moreover, corn production in the United States is increasing rapidly, indicating the rising demand for seed for the production of various crops. According to the United States Department of Agriculture (USDA), in 2021, corn production was 15.0 billion bushels, which increased to 15.3 billion bushels in 2023. 

Various products launched by key market players in the United States have an influence on the seed market by fuelling innovation, increasing customer interest, and extending product offerings. For instance, in June 2023, BASF SE expanded its Xitavo line by launching 11 new varieties of soybean seeds, for the 2024 season. Xitavo soybean seeds are owned by MS Technologies, and exclusively distributed by BASF SE. With the addition of these new 11 varieties, the Xitavo product portfolio has 44 varieties in total. 

Key Market Developments:

  • March 2024, Syngenta Vegetable Seeds opened a new Seed Health Lab in Hyderabad, India, showcasing the company's ongoing commitment to enhancing quality control capabilities. This lab is  India's first specialized seed health lab. It will cater to growers not only in India but also across the Asia Pacific region and beyond.
  • August 2023, Syngenta launched a new state-of-the-art 32,000 square feet laboratory space for research and development known as Syngenta Seeds R&D Innovation Center, in Illinois, United States. Moreover, the company has 1,00,000 square foot building abuts, and 88 acres of Syngenta farmland, where all the newly developed seeds, traits, and agronomics will be put to test. Hence, such increasing investment in research and development in the United States is expected to propel the market in the projected period.

Key Players:

  • East-West Seed is a company that aims at providing innovative seeds and services, to promote sustainable farming, and improve the livelihood of the farmers. The company has over 2,800 employees with 20 research and development centers in nine countries.
  • Bayer AG plans to bring the sharpest minds together to dig deep and advance farm technologies that will help American farmers. Additionally, the company aims at providing tailored solutions to farmers to plant grow, and protect the farmer's harvested crops using less land, energy, and water.
  • Inclusion, diversity, and inclusions are considered pillars of success for Corteva. The company is founded on the rich heritage of industry leaders that are Dow, DuPont, and Pioneer.

Global Seed Market Scope:


Report Metric Details
Market Size Value in 2022 US$67.208 billion
Market Size Value in 2029 US$105.445 billion
Growth Rate CAGR of 6.65% billion from 2022 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Origin
  • Trait
  • Crop Type
  • Geography
Companies Covered
  • ADM Monsanto Company
  • Dowdupont Inc.
  • Groupe Limagrain
  • Bayer Ag
  • Kws Saat Se
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase



  • By Origin
    • Genetically-modified
    • Convention
  • By Trait
    • Herbicide-tolerant
    • Insecticide-resistance
    • Stacked-trait
  • By Crop Type
    • Fruits And Vegetables
    • Oilseeds And Pulses
    • Cereals And Grains
  • By Geography
    • North America
      • USA
      • Canada          
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

The seed market is anticipated to grow at a CAGR of 6.65% over the forecast period.
The global seed market is anticipated to reach a market size of US$105.445 billion by 2029.
Seed Market was valued at US$67.208 billion in 2022.
North America is predicted to hold the largest share of the seed market.
The global food security challenge is the major driver of the global seed market.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders


2.1. Research Design

2.2. Research Process


3.1. Key Findings


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View


5.1. Introduction 

5.2. Genetically-modified

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Conventional

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness


6.1. Introduction 

6.2. Herbicide-tolerant

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Insecticide-resistance

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Stacked-trait

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness


7.1. Introduction 

7.2. Fruits And Vegetables

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Oilseeds And Pulses

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Cereals And Grains

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness


8.1. Introduction

8.2. North America

8.2.1. By Origin

8.2.2. By Trait

8.2.3. By Crop Type

8.2.4. By Country United States Market Trends and Opportunities Growth Prospects Canada Market Trends and Opportunities Growth Prospects Mexico Market Trends and Opportunities Growth Prospects

8.3. South America

8.3.1. By Origin

8.3.2. By Trait

8.3.3. By Crop Type

8.3.4. By Country Brazil Market Trends and Opportunities Growth Prospects Argentina Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects

8.4. Europe

8.4.1. By Origin

8.4.2. By Trait

8.4.3. By Crop Type

8.4.4. By Country United Kingdom Market Trends and Opportunities Growth Prospects Germany Market Trends and Opportunities Growth Prospects France Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects

8.5. Middle East and Africa

8.5.1. By Origin

8.5.2. By Trait

8.5.3. By Crop Type

8.5.4. By Country Saudi Arabia Market Trends and Opportunities Growth Prospects UAE Market Trends and Opportunities Growth Prospects Israel Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects

8.6. Asia Pacific

8.6.1. By Origin

8.6.2. By Trait

8.6.3. By Crop Type

8.6.4. By Country Japan Market Trends and Opportunities Growth Prospects China Market Trends and Opportunities Growth Prospects India Market Trends and Opportunities Growth Prospects Australia Market Trends and Opportunities Growth Prospects Others Market Trends and Opportunities Growth Prospects


9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard


10.1. ADM Monsanto Company

10.2. Dowdupont Inc.

10.3. Groupe Limagrain

10.4. Bayer Ag

10.5. Kws Saat Se

10.6. Chemchina( (Sinochem Holdings Corporation Ltd.)

10.7. Land O’lakes, Inc.

10.8. Sakata Seed Corporation (Sakata Group) 

10.9. Takii & Co., Ltd.

10.10. Dlf

10.11. Basf Corporation

10.12. Cargill Corporation

10.13. Ball Horticultural Company

10.14. Syngenta

10.15. Limagrain (the Limagrain Cooperative)

10.16. Growmark, Inc.

10.17. CHS Inc.

10.18. United Cooperative

10.19. Beck's Hybrids

10.20. Heartland Co-op

10.21. Hazera Seeds (the Limagrain Group)

10.22. Rijk Zwaan

ADM Monsanto Company

Dowdupont Inc.

Groupe Limagrain

Bayer Ag

Kws Saat Se

Chemchina( (Sinochem Holdings Corporation Ltd.)

Land O’lakes, Inc.

Sakata Seed Corporation (Sakata Group) 

Takii & Co., Ltd.


Basf Corporation

Cargill Corporation

Ball Horticultural Company


Limagrain (the Limagrain Cooperative)

Growmark, Inc.

CHS Inc.

United Cooperative

Beck's Hybrids

Heartland Co-op

Hazera Seeds (the Limagrain Group)

Rijk Zwaan