Nuziveedu Seeds Continues to Lead India Seed Market
Growing population, increasing production of food grains coupled with rising awareness among farmers about usage of
quality seeds to propel demand for seeds in India through 2023.
According to TechSci Research report, “India
Seed Market By Product Type, By Crop Type, By Availability, By Sales
Channel, Competition Forecast & Opportunities, 2013-2023’’, India
seed market is forecast to reach around $ 8 billion by 2023, primarily on the
back of continuously increasing total food grain production in the country. Favorable government policies
and initiatives such as Paramparagat Krishi Vikas Yojana (PKVY), Mission on
Agricultural Extension and Technology (NMAET), National Food Security Mission
and National Policy for Farmers (NPF) are likely to propel demand for seeds in
the country over the next five years. Furthermore, hike in the minimum support
price for crops by 1.5% in union budget 2018-2019 by the Indian government is anticipated
to increase the income of the farmer leading to rise in demand for quality
seeds in the coming years.
Browse 74
market data Figures and Tables spread through 115
Pages and an in-depth TOC on "India Seed Market"
Based on product type, India seed market is majorly segmented into hybrid,
genetically modified and varietal seeds. Hybrid is the dominant and fastest
growing segment in India seed market owing to its property to provide higher
productivity and early maturity of crops. Hybrid seeds segment is followed by genetically
modified seeds that are composed of high quality Bt cotton seed, which has led
to increase in cotton productivity across the country. Genetically modified
cotton seed is resistant to pests, and hence, it reduces the use of pesticides.
North region garnered the largest share in India seed market owing to the large
production of cereals and oilseeds in states like Punjab, Haryana, Rajasthan
and Uttar Pradesh. Additionally, availability of fertile land in the states of
Uttar Pradesh, Punjab and Haryana in North India is expected to increase the
sales of seeds in the region through the forecast period.
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Nuziveedu Seeds Limited is
the market leader in India seed market followed by Kaveri Seed Company Limited,
National Seeds Corporation Limited, Monsanto India Limited, etc. “Over the
years, India seed market has seen a tremendous growth owing to supportive
government policies like Seed Development, 1988 and National Seed
Policy, 2002. Moreover, patent protection and intellectual property rights on
plant varieties would further steer growth in India seed market in the coming
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Seed
Market By Product Type, By Crop Type, By Availability, By Sales Channel,
Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth
potential of seed market and provides statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in India seed market.
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