Canada seeds
market is anticipated to grow significantly through 2028, due to the increasing
demand for high-quality seeds, rising adoption of genetically modified (gm)
seeds, government initiatives to promote sustainable agriculture, increasing
focus on research and development, the growing popularity of organic seeds, and
expansion of the e-commerce platform for the sale of seeds.
According to
Canadian Seed Growers Association, annual seeds market in Canada contribute almost
USD 6 billion to the Canadian economy in which seeds worth USD 646 million are
exported to other countries, including the United States, China, Ireland, Japan,
and Turkey. The increasing demand for high-quality seeds is one of the
major drivers of the Canada seeds market. Farmers are increasingly demanding
high-quality seeds that can help them improve crop yield and quality. This is
driving the demand for hybrid and genetically modified seeds. The rising
adoption of GM seeds is another major driver of the Canada seeds market. GM
seeds are resistant to pests and diseases, and they can help farmers to improve
crop yield and quality. The government of Canada is promoting the use of GM
seeds to increase agricultural productivity.
The
government of Canada is implementing various initiatives to promote sustainable
agriculture. These initiatives include providing financial assistance to
farmers, promoting the use of water-saving irrigation techniques, and
encouraging farmers to adopt crop rotation practices. These initiatives are expected
to boost the growth of the Canada seeds market in the forecasted period.
Increasing
Demand for High-Quality Seeds is Driving the Canada Seeds Market Growth
The increasing demand for
high-quality seeds is indeed a significant factor driving the growth of the
seeds market in Canada. According to Canadian Seed Growers Association, Canadian
farmers or farms consume seeds valued at USD 2.8 billion and 3,487 seed growers
produced pedigreed seed on 1.33 million acres in 2018. High-quality seeds
play a crucial role in ensuring crop productivity and yield potential, which is
essential for meeting the growing food demands of the population. There is a
growing awareness of sustainable farming practices that promote environmental
conservation and reduce chemical usage. High-quality seeds are designed to be
more resistant to pests and diseases, reducing the need for chemical pesticides
and herbicides. This trend is driving the demand for seeds that support
sustainable and environmentally friendly farming practices.
High-quality seeds have
advanced genetic traits and characteristics that enhance crop productivity.
They are bred and selected to exhibit traits such as disease resistance,
tolerance to environmental stresses, and higher yield potential. Farmers are
increasingly adopting these seeds to maximize their agricultural output and
meet the growing demand for food. High-quality seeds are developed to produce
crops with improved quality attributes such as taste, nutritional content, and
appearance. Consumers are becoming more conscious of the food they consume and
seek products that meet their preferences. As a result, there is a growing
demand for high-quality seeds that can deliver crops with superior quality
attributes, driving market growth.
Consumers are becoming more
conscious about the quality of the food they consume. They are demanding crops
with improved taste, nutritional value, and visual appeal. High-quality seeds
are selected and bred to produce crops that meet these consumer preferences,
leading to increased demand. Canada is a major exporter of agricultural
products. The demand for high-quality seeds is not limited to domestic
consumption but extends to international markets. In 2018, Canadian seeds were exported
to over 100 different countries and were valued at approximately USD 646
million. Among the 100 countries, the top 5 importing nations were the United
States (USD 403 million), China (USD 47
million), Ireland (USD 31 million), Japan (USD 19 million), and Turkey (USD 13
million). Canadian
seed companies are capitalizing on these export opportunities, leading to
increased production, driving the Canada seeds market growth.
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Rising Adoption
of Genetically Modified (GM) Seeds is a Driving the Canada Seeds Market Growth
The rising adoption of
genetically modified (GM) seeds is indeed a significant driver of the Canada
seeds market growth. Genetically modified seeds have been developed through
biotechnology techniques to introduce specific genetic traits into plants. GM
seeds are engineered to possess desirable traits such as insect resistance, herbicide
tolerance, and disease resistance. These traits help protect crops from pests,
weeds, and diseases, leading to increased crop yields. Higher yields are
crucial for meeting the growing demand for food and enhancing agricultural
productivity, thus driving the demand for GM seeds. Genetically modified seeds
are designed to have a built-in resistance to certain pests or tolerance to
specific herbicides. This enables farmers to effectively manage pests and weeds,
reducing the need for extensive chemical pesticide or herbicide applications.
The adoption of GM seeds simplifies pest and weed management, making farming
more efficient and cost-effective.
Genetically modified seeds
contribute to environmental sustainability by reducing the reliance on chemical
inputs. Since GM crops are engineered to be resistant to pests and diseases,
farmers can use fewer chemical pesticides, resulting in reduced environmental
impact. The adoption of GM seeds aligns with sustainable farming practices,
which are gaining importance in Canada and globally. As an outcome, Canadian
farmers planted approximately 10.9 million hectares of genetically engineered
(GE) crops in 2020 to increase their product and profitability. GM
technology has enabled the development of crops with new traits and
characteristics that were not previously available. This has expanded the range
of crop options for farmers. GM seeds have been developed for various crops,
including corn, soybeans, canola, and cotton, offering farmers more choices to
suit their specific needs and cropping systems. The availability of diverse GM
seed options contributes to market growth.
The adoption of GM seeds is
driven by continuous research and development investments in biotechnology.
Seed companies invest in developing and improving GM seed varieties to address
specific challenges faced by farmers, such as pests, diseases, and
environmental stressors. These ongoing innovations and advancements in GM seed
technology drive market growth by providing farmers with improved seed options.
Canada has a well-established regulatory framework for the evaluation and
approval of GM crops and seeds. The existence of a clear and predictable
regulatory process ensures that GM seeds meeting safety standards can enter the
market. This regulatory support facilitates the adoption of GM seeds, giving
confidence to farmers and seed companies, thereby driving Canada seeds market
growth in the forecasted period.
Supportive Government policy is a Key Factor
Driving the Canada Seeds Market Growth
Supportive government policy
is indeed a key factor driving the growth of the Canada seeds market. The
Canadian government plays a vital role in creating an enabling environment for
the seed industry through various policies, programs, and initiatives. The Canadian government provides significant
funding for agricultural research and development, including seed-related
research. These funds support the development of new seed varieties, breeding programs,
and biotechnology advancements. R&D funding enables seed companies to
invest in innovation, improving seed quality, traits, and performance, thus
driving market growth. Such as the Ministry of Agriculture and Agri-Food,
has announced to do investment of USD 750,000 for SeedChange to achieve an
enhanced Canadian seed system that is fortified to support the development and
long-term competitiveness of vegetable varieties and farmer-bred grain for
organic and climate-resilient farming.
The Canadian government has
a robust regulatory framework for the evaluation, approval, and
commercialization of new seed varieties, including genetically modified (GM)
seeds. The regulatory process ensures that seeds meet safety and environmental
standards before entering the market. A clear and predictable regulatory
framework provides confidence to seed companies, encourages investment in
research, and facilitates the introduction of new seed technologies, fostering
market growth.
The Canadian government
actively supports the export of agricultural products, including seeds. It
facilitates market access through trade agreements, diplomatic efforts, and
market development programs. Government support in navigating international
trade barriers and promoting Canadian seeds abroad expands export opportunities
for seed companies, driving the market growth.
The government implements
programs that promote crop improvement and support the adoption of high-quality
seeds. These programs provide incentives, subsidies, and technical assistance
to farmers to encourage the use of improved seed varieties. By supporting
farmers in accessing and utilizing high-quality seeds, the government
stimulates market demand and drives growth in the seeds sector.
The Canadian government
recognizes the importance of intellectual property rights (IPR) for the seed
industry. It has established mechanisms and regulations to protect plant
breeders' rights and ensure fair compensation for seed developers. Strong IPR
protection encourages investment in seed research and development, incentivizes
innovation, and fosters market growth by providing a secure and predictable
business environment.
The government promotes
collaboration between industry stakeholders, research institutions, and government
agencies. It facilitates partnerships and knowledge-sharing platforms that
support seed-related initiatives. These collaborations strengthen the seed
industry's capacity for innovation, enhanced research capabilities, and drive
market growth through collective efforts. Hence, all these factors collectively
contribute to the growth and expansion of the Canada seeds market.
In Canada, Canadian Food
Inspection Agency (CFIA) is liable for the administration of the “Seeds Act”
and “Seed Regulations” to help ensure that seeds sold in, imported to, and
exported from Canada accomplish the established standards for quality and are
labeled so that they are properly represented in the marketplace, and are
registered before the sale in Canada.
Market Segmentation
Canada
seeds market is
segmented based on type, crop type, trait, availability,
sales channel, seed treatment, company, and region. Based on the type, the market is segmented
into hybrid,
genetically modified, and varietal. Based on crop type, the market is categorized into cereals
& grains, oilseeds & pulses, cotton, fruits & vegetables,
olericulture, and others. Based on trait, the market is categorized into herbicide
tolerance, insecticide resistance, and others. Based on the availability, the
market is fabricated into farm saved and commercial. Based on the sales
channels, the market is divided into direct and indirect. Based on seed
treatment, the market is bifurcated into treated and non-treated. Based on
region, the market is divided into Ontario, Quebec, The West, British Columbia,
Atlantic Canada, and The North.
Company Profiles
OSC Seeds (Ontario Seed Company Limited), West Coast Seeds, Veseys
Seeds Ltd., Stokes Seeds Inc., The Incredible Seed Company Ltd., T&T Seeds
Ltd., William Dam Seeds, Heritage Harvest Seed, Wildflower Farm & Seed
Company, and Meridian Seeds are some of the key players
in Canada seeds market.
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Attribute
|
Details
|
|
Base
Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028
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Report Coverage
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Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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Crop Type
Trait
Availability
Sales Channel
Seed Treatment
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Regional scope
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Ontario, Quebec, The
West, British Columbia, Atlantic Canada, The North
|
|
Key companies profiled
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OSC Seeds (Ontario Seed
Company Limited), West Coast Seeds, Veseys Seeds Ltd., Stokes Seeds Inc., The
Incredible Seed Company Ltd., T&T Seeds Ltd., William Dam Seeds, Heritage
Harvest Seed, Wildflower Farm & Seed Company, and Meridian Seeds.
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|
Customization
scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
|
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Pricing and purchase options
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Avail customized purchase
options to meet your exact research needs. Explore
purchase options
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Delivery
Format
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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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Report Scope:
In this report, Canada seeds market has been segmented into the
following categories, in addition to the industry trends, which have also been detailed
below:
- Canada Seeds Market, By Type:
- Hybrid
- Genetically Modified
- Varietal
- Canada Seeds Market, By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Cotton
- Fruits & Vegetables
- Olericulture
- Others
- Canada Seeds Market, By Traits:
- Herbicide Tolerance
- Insecticide Resistance
- Others
- Canada Seeds Market, By Availability:
- Canada Seeds Market, By Sales Channels:
- Canada Seeds Market, By Sales Channels:
- Canada Seeds Market, By Region:
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive landscape
Company Profiles: Detailed analysis of the
major companies in Canada seeds market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Canada Seeds Market is an upcoming report
to be released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]