India seeds market was valued at USD 3,914.36 million in 2023 and is further anticipated to grow at a CAGR of 7.41% during the forecast period, owing to the rising awareness regarding the benefits of using hybrid seeds.
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India is endowed with the second-largest arable land area in the world, fifteen major climatic zones, and forty-six soil types out of a global total of sixty. This diversity provides us with the opportunity to carry out breeding and evaluation research in most of the world. Furthermore, Indian farmers are highly innovative and responsive to new technologies, as evidenced by their adoption of the Bt cotton technology. India's strength lies not only in its physical characteristics, but also in its values, culture, and traditions. This has been evidenced to the world through the Green Revolution, which enabled the country to achieve Surface is sub-par. To ensure the future growth of the sector, the industry, in conjunction with the public extension system, must increase the SRR from the current level by 2 to 17%, depending on the crop.
The Indian population's changing lifestyle and dietary habits have led to an increase in the consumption of fruits and vegetables. As a result, the area and production of these crops is expanding due to the demand created by the rising incomes. This will lead to an increased demand for hybrid vegetable seeds. Additionally, genetically modified traits, such as Bt brinjal, will add further value to the vegetable seeds market.
Increasing Foreign Investments and Technological Advancements is Driving Market Growth
The seed industry is the primary vehicle of technologies designed to enhance productivity. The world was astounded by the rapid adoption of the Bt cotton technology. In this context, the new technology refers to any innovations in seed that farmers find value-for-money. This could be a biotechnological trait, a new hybrid/variety, or a value-add to seed. In addition to public investments in research and development, the private sector has seen a surge in biotechnology/breeding research. The private sector is sponsoring research in both domestic and international research institutions, either on their own or through consortium platforms. For example, rice hybrids with greater adaptability and fine grain quality are expected. This will significantly contribute to the growth of the seed industry. Additionally, biotechnological traits on a number of important crops are in the process of regulatory approval.
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Major Challenges Faced by India Seeds Market
The monitoring of seed quality at the selling points is not feasible or cost-effective. In fact, the dealers even sell seeds whose samples have not passed laboratory tests by seed certification bodies (SSCs). Furthermore, the seed producing and marketing agencies have no control over their production once the seed is sold.
The agriculture department's range of extension services leaves a lot to be desired when it comes to the efficacy of the programmes they provide for the promotion of contemporary agricultural practices, including improved seed practices. Generally, agricultural supervisors are only active for the purpose of demonstrating their objectives that have been achieved, such as the distribution of mini kits and field demonstrations, rather than focusing on the result-oriented approach. Popularization of a particular variety over an extended period of time is not due to a lack of activity on the part of the extension networks, but rather due to factors such as crop performance and availability of a particular seed variety.
Recent Developments
- Advanta Seeds launched a new variety of cotton seed, ADV-1368, which is resistant to the pink bollworm pest. This new variety is expected to help farmers increase their cotton yields and reduce their crop losses.
- Corteva Agriscience launched a new variety of wheat seed, HD 2009, which is resistant to the yellow rust disease. This new variety is expected to help farmers increase their wheat yields and reduce their crop losses.
- In June 2022, Advanta Seeds acquired the vegetable seed business of Rasi Seeds. This acquisition will help Advanta Seeds to expand its vegetable seed portfolio and strengthen its position in the Indian vegetable seeds market.
- In March 2022, Kaveri Seeds acquired the hybrid seed business of Krishi Dhan Seeds. This acquisition will help Kaveri Seeds to expand its hybrid seed portfolio and strengthen its position in the Indian hybrid seeds market.
Key Market Players
- Syngenta India Private Limited
- Corteva Agriscience
- Bayer CropScience Limited
- Kaveri Seed Company Limited
- Advanta India Ltd
- Rijk Zwaan India Seeds Pvt Ltd
- BASF India Limited
- East-West Seed India Pvt. Ltd.
- Limagrain Field Seeds India
- Nuziveedu Seeds Limited ( NSL )
Market Segmentation
Market Players
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Attribute |
Details |
|
Market Size Value in 2023 |
USD 3,914.36 Million |
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Revenue Forecast in 2029 |
USD 6,082.58 Million |
|
Growth Rate |
7.41% |
|
Base Year |
2023 |
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Historical Years |
2019 – 2023 |
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Estimated Year |
2024 |
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Forecast Period |
2025 – 2029 |
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Quantitative Units |
Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2019-2023 and 2024-2029 |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Product Type Crop Type Availability Sales Channel Region |
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Regional Scope |
West Region; South Region; East Region; North Region |
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Key Companies Profiled |
Corteva Agriscience Private Limited, Bayer CropScience Limited, Syngenta India Private Limited, Kaveri Seed Company Limited, Nuziveedu Seeds Ltd, National Seeds Corporation Limited, DCM Shriram Consolidated Ltd, Maharashtra Hybrid Seeds Company Private Limited, Rallis India Limited, Advanta Seeds Limited, Rasi Seeds Private Limited |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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