According to IMARC Group’s latest report, titled “Seed Industry in India: Market Trends, Structure, Growth, Key Players and Forecast 2022-2027”, the seed industry in India market size reached US$ 5.5 Billion in 2021. The majority of the population in India largely depends on agricultural activities for their livelihood. In line with this, numerous agricultural institutes and associations emerged from collaborative efforts to work for a common goal of increasing R&D in the seed industry. Over the past few years, the Indian seed industry has evolved as farmers have adopted enhanced seed varieties which offer improved yield. The distribution and production of quality and affordable seeds appropriate for the myriad agro-climatic zones have contributed to the growth of the agriculture sector in India.
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Growing awareness among the farmers regarding the advantages offered by hybrid and genetically modified seeds has led to an increase in their demand. Further, the policies and plans initiated by the Indian Government, such as National Food Security Mission (NFSM), National Mission on Agricultural Extension and Technology (NMAET), National Policy for Farmers (NPF), etc., are providing a positive thrust to the growth of the industry. The manufacturers are also consistently developing innovative seed technologies with improved nutrition profiles and production yield. Moreover, the presence of a well-established consumer-base including large-scale farmers, government organizations, cooperatives, village societies, etc. maintains a consistent demand for seeds. Some of the other growth-inducing factors include commercialization of agriculture, public-private collaborations, inflating income levels, intellectual rights and patent protection systems. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2027, exhibiting a growth rate (CAGR) of 12.5% during 2022-2027.
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Key Aspects Analysed:
- Trends and dynamics in the Indian seeds market.
- Impact of COVID-19 on the industry.
- Major seed types and their current and future market potential.
- Key drivers/restraints and their impact on the current and future market scenario.
- Examination of the competitive landscape.
Types of Seeds Covered in This Report:
Based on crop, the market has been segmented into wheat, paddy, vegetables, cotton, maize, groundnut, soybean and others. Currently, wheat represents the most popular type of crop as it is a staple food for most Indians and is also used in various processed products, such as raised breads, biscuits and other bakery items.
Major Regions Covered in This Report:
- Uttar Pradesh
- Madhya Pradesh
- West Bengal
- Andhra Pradesh
On a geographical front, Uttar Pradesh represents the largest market for seeds in India, accounting for around 12% of the total market share. Other major regions are Madhya Pradesh, West Bengal, Rajasthan, Punjab, Maharashtra, Andhra Pradesh, Bihar, Karnataka and Others.
Focus of the Analysis:
- Historical and current market scenario
- Market trends
- Market forecast
- Competitive Landscape
The competitive landscape of the market is highly fragmented in nature with the presence of a large number of unorganized players. Some of the key players operative in the market are Advanta, DuPont, Kaveri Seeds, Syngenta and J K Seeds.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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