Agriculture

Seed Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR569

Author : Priyanka V.

Base Year

2023

Forecast Year

2024-2031

Historical Years

2019-2022

Market Value (2023)

USD 52.06 Billion

Forecasted Value (2031)

USD 83.32 Billion

CAGR (2024 - 2031)

6.19%

Fastest Growing Region (2024 - 2031)

Latin America

Largest Region

Asia Pacific

By Breeding Technology

Genetically Modified, Conventional

By Category

Organic, Conventional

By Crop Type

Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Others


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The global seed market is projected to reach USD 83.32 billion by 2031, growing at a CAGR of 6.19% from 2024 to 2031.
The global seed market was valued at USD 52.06 billion in 2023.
The major driving factor for the market growth is the adoption of biotech crops, and increasing demand for feed products.
Top manufacturers of seed market are Bayer Crop Science AG, Corteva, Syngenta AG, BASF, Limagrain, KWS SAAT SE, Sakata Seed Corporation, AgReliant Genetics, LLC, DLF Seeds A/S, and Yuan Longping High-tech Agriculture Co., Ltd., among others.
Latin America projected to register highest CAGR of 7.00% over the forecasted period (2024-2031).
By breeding technology, conventional segment held the maximum share of 51.09% in the seed market in the forecast period.
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