Top 6 Companies in the Global Seeds Market

The global seeds market reached a value of about USD 75.02 billion in 2023. The market is projected to grow at a CAGR of 7% in the forecast period of 2024-2032 to reach around USD 112.64 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for food due to rising population globally and a decline in per capita arable land availability owing to rapid urbanisation.

Seeds serve multiple functions in plant life cycles, including dispersal to new areas, nourishment of embryos, and dormancy during adverse weather conditions. Classified by the number of cotyledons, they play pivotal roles across various sectors. They are essential for plant propagation, especially in crop cultivation, where selective breeding enhances yields and qualities. Many seeds, like grains and legumes, are nutritious staples rich in proteins and fats. Additionally, seeds such as sunflower and flaxseed are utilised for extracting oils. With medicinal properties, they contribute to traditional and modern healthcare. Crucial for genetic diversity, seeds enable plant adaptability and support agricultural and landscaping endeavours.

Table: Global Population Share (2017-2050)

The seeds market is buoyed by a rising global population, leading to heightened demand for food and agricultural output. Rapid urbanisation has resulted in diminishing per capita arable land availability. However, the emergence of genetically modified (GM) seeds empowers farmers to optimize land productivity, as GM variants typically yield more than non-GM counterparts. This trend is anticipated to fuel global demand for GM seeds, bolstering overall market growth.

The market is further buoyed by a rising global population, leading to heightened demand for food and agricultural output. Rapid urbanisation has resulted in diminishing per capita arable land availability. However, the emergence of genetically modified (GM) seeds empowers farmers to optimise land productivity, as GM variants typically yield more than non-GM counterparts. This trend is anticipated to fuel global demand for GM seeds, bolstering seeds market growth.

In many countries, governmental initiatives are promoting the adoption of biofuels due to their environmental advantages. This is leading to a surge in demand for crops such as soybean and corn, subsequently driving up the need for seeds in these sectors. The expanding use of biofuels is attributed to their environmental benefits and the growing emphasis on reducing global carbon emissions.

In June 2022, Corteva Agriscience, BASF, and MS Technologies collaborated on an innovative agreement to introduce Enlist E3® soybeans with nematode-resistant soybean (NRS) traits in the US and Canada. Corteva and MS Technologies licensed the Enlist E3 trait to BASF for integration with the NRS trait in BASF germplasm, while BASF licensed its NRS trait to Corteva and MS Technologies for Enlist E3 soybeans. The partnership aimed for commercialisation of NRS trait-enhanced Enlist E3 soybean varieties by the late 2020s, subject to regulatory approval and field testing.

Top 6 Seed Companies in the World:

Bayer AG

Bayer, a global enterprise, focuses on healthcare and agriculture to meet essential human needs. Committed to sustainable development, Bayer pioneers new possibilities through science, advancing life worldwide. By empowering everyday health, enhancing patient care, and nourishing communities, Bayer envisions a better world where health and nutrition are accessible to all. Through innovation and a dedication to positive impact, Bayer strives to address significant global challenges, contributing to a healthier, more sustainable future for people and the planet.

Syngenta Group Co., Ltd.

Syngenta, a global leader in agriculture, aims to feed the world sustainably while preserving the planet. With cutting-edge science and innovative crop solutions, Syngenta empowers farmers worldwide to optimise agricultural resources. As part of the Syngenta Group, spanning over 100 countries, the company is committed to revolutionising agriculture through tailored solutions. The diverse portfolio addresses challenges like productivity, climate change, and sustainability, ensuring farmers can produce healthy food while conserving resources. With a focus on innovation and collaboration, the company strives to create a more sustainable and productive agricultural future.

Groupe Limagrain Holding

Limagrain, an agricultural cooperative owned by French farmers, is a global seed group focusing on plant genetic improvement. With roots in France, it has expanded to 53 countries, boasting 9,539 employees. As the fourth largest seed company globally, Limagrain breeds, produces, and distributes field and vegetable seeds, along with agri-food products. Notable brands like LG, Vilmorin, and Hazera contribute to its €2.451 billion sales, supplemented by €775 million in collaboration with strategic partners.

Corteva, Inc

Corteva Agriscience pioneers agricultural solutions by blending innovative technologies, customer-focused engagement, and efficient operations. With a unique distribution strategy and a diverse range of seed, crop protection, and digital products, Corteva cultivates market preference while maximising productivity for farmers. Committed to enriching both producers and consumers, Corteva leverages its rich legacy and cutting-edge technology pipeline to drive growth and ensure progress for future generations. As the sole major agriscience company solely dedicated to agriculture, Corteva combines the expertise of DuPont Pioneer, DuPont Crop Protection, and Dow AgroSciences to address the world's agricultural challenges.

Sakata Seeds Corporation

Since its founding in 1913, Sakata Seed Corporation has exemplified values of Quality, Reliability, and Service, emerging as a leader in seed breeding globally. With a commitment to innovation, Sakata continuously develops vegetable and ornamental varieties to set new industry standards. Headquartered in Yokohama, Japan, the Sakata Group operates in 22 countries with products available in over 130 nations. Supported by a dedicated global network, Sakata Seed America, established in 1977, strives to meet industry demands efficiently, delivering high-quality seeds and superior crop performance to meet consumer expectations.

Rallis India Limited

Rallis, a TATA Enterprise and subsidiary of Tata Chemicals, is a prominent player in India's crop care sector. With a vast distribution network spanning 2,300 distributors and 40,000 retail counters, it reaches over 80% of India's districts, impacting millions of farmers. Known for its deep agricultural expertise and comprehensive product portfolio, Rallis focuses on delivering sustainable solutions to enhance farmers' productivity. Leveraging innovation and a robust distribution network of 6,000+ dealers and 70,000+ retailers, Rallis serves farmers across India and exports to 58 countries, reflecting its commitment to agricultural excellence beyond borders.