India Seeds Market to Grow With a CAGR of 7.41% through 2029
Rising
awareness among the farmers regarding the benefits of using hybrid seeds is
driving the growth of India seeds market in the forecast period, 2025-2029.
According to TechSci Research report, “India Seeds Market – By Region, Competition, Forecast and Opportunities, 2029”, India seeds market stood at USD 3,914.36
million in 2023 and is anticipated to grow with CAGR of 7.41% in the forecast
period. This can be ascribed to the rising awareness
among the farmers related to the benefits of using hybrid seeds. Seed is
defined as a fertilized ovule, which contains the plant embryo. It is a mature
ovule that consists of an embryo or a miniature undeveloped plant and food
reserves, all enclosed within a protective seed coat.
The Indian agricultural sector is facing the challenge of increasing
population and decreasing arable land. This has led to an increased demand for
high-yielding seeds that can help farmers to increase their crop productivity. Hybrid seeds are known for their high yield and
resistance to pests and diseases. The increasing adoption of hybrid seeds is
one of the major growth drivers for the Indian seed market.
In plant breeding, a variety of techniques are employed to select
plants based on natural variations, hybridize them, and select particular genes
or marker profiles through molecular tools. The primary goal of these
techniques is to select plant types that are superior to variants in terms of
their yield, quality, and pest resistance. The situation after the introduction
of hybrids and enhanced OPVs has led to a variety of benefits, including
improved yield, higher seed prices, and cost-effectiveness. These factors are
expected to contribute to the expansion of the seed market in India in the near
future.
The seed industry is increasingly using digital technologies such as
blockchain and artificial intelligence. These technologies are helping to
improve the efficiency and traceability of the seed supply chain. The seed
industry is investing heavily in research and development. This is to develop
new and improved seed varieties that can meet the needs of farmers.
Climate change is posing a challenge to the seed industry in India. The
changing weather patterns are leading to the development of new pests and
diseases, which can affect the growth of crops.
The Indian government is promoting the use of improved seeds through
various initiatives such as the National Seed Policy 2002 and the National Seed
Plan 2013-2020. These initiatives are helping to create awareness about the
importance of using quality seeds and are also providing financial assistance
to farmers to purchase certified seeds.
Overall, the
Indian seed market is expected to grow at a healthy pace in the coming years.
The major growth drivers for the market are increasing demand for high-yielding
seeds, growing adoption of hybrid seeds, government initiatives, growing
awareness among farmers, and expansion of the agricultural sector.
Browse over 46 Market
Data Figures spread through 134 Pages and an in-depth TOC on "India Seeds Market”
India seeds market can be segmented by product
type, crop type, availability, sales channel, and region.
Based on product
type, India seeds market can be divided into varietal seeds, hybrid
seeds, and genetically modified seeds. Varietal segment is expected to dominate the
market during the forecast period. This is attributed to
the wide range application, cost-effectiveness of the seeds.
Based on crop type,
the market can be fragmented into cereals, fruits &
vegetables, oilseeds, cotton, and others. Cereals segment
is expected to dominate the market during the forecast period. The rise in the demand for paddy rice seeds in the country is increasing the
overall demand for cereals in the country.
Major companies operating in India seeds market are:
- 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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“The
protection provided by PPV and FR Act has enabled the private sector to become
more involved in the research and development of OP varieties, particularly in
the Rice and wheat sectors. It has also enabled a greater involvement of the
private sector in the production and delivery of improved seed. The
introduction of new varieties in combination with proper extension will have a
considerable impact on the development of the seed Industry due to the increase
in SRR.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Seeds Market, By Product Type (Varietal Seeds, Hybrid Seeds, Genetically
Modified Seeds), By Crop Type (Cereals, Fruits & Vegetables, Oilseeds,
Cotton, Others), By Availability (Farm Saved, Commercial) By Sales Channel (Indirect,
Direct), By Region, Competition, Forecast and Opportunities, 2029”, has evaluated the future growth potential of India seeds market
and provides statistics & 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 decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India seeds market.
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