Global Seeds Market to Grow at a CAGR of 7% During 2024-2032, Aided by the Rising Demand for Oilseeds and Growing Population

The global seeds market is growing due to rising food demands and the increased need for oilseeds. Oilseeds are mainly used for their diverse applications, such as in cooking oils and biodiesel production. The market is driven by the popularity of healthy, organic oilseed products and advancements in seed breeding. Oilseeds like soybean, sunflower, and rapeseed dominate the market, with sunflower seeds expected to see significant demand due to their high protein content. The residue from oil extraction is often used as animal feed.

Additionally, the demand for seeds is growing due to the increasing global population, which raises food demand and production needs. Rapid urbanization has reduced per capita arable land, but genetically modified (GM) seeds are helping farmers boost yields and farmland efficiency. This trend is expected to increase demand for GM seeds worldwide.

According to the latest data from the International Seed Federation (ISF), a total of USD 15,850 million seeds were exported for sowing globally in 2020. Of these, field crops exports were valued at USD 9,745 million, vegetable crops exports were valued at USD 4,74 million, flower seeds were valued at USD 418 million, and tree seeds accounted for USD 20 million.

Table: Top 10 World Bank Supplying Seed Score

Market Breakup by Crop Type, Seed Type, Genetically Modified Seed Traits, Seed Treatment, Seed Availability, and Region:

• Based on crop type, the market is divided into oilseeds, cereals and grains, fruits and vegetables, and others.

• The market, by seed type, is bifurcated into genetically modified seeds and conventional seeds.

• Based on genetically modified seed traits, the market can be divided into herbicide-tolerant, insecticide-resistant, and others.

• By seed treatment, the market is bifurcated into treated and non-treated. 

• On the basis of seed availability, the market is segmented into commercial seeds and saved seeds.

• Region-wise, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global seeds market is growing due to increasing food demands driven by population growth and the rising need due to diverse oilseed applications, including edible oil and biodiesel production.

• Oilseeds such as soybean and rapeseed dominate the market due to their diverse applications. Sunflower seeds, in particular, are expected to see significant demand because of their high protein content.

• The use of GM seeds is increasing as they help farmers improve yields and efficiency on less arable land, which is crucial in a rapidly urbanizing world.

Key Offerings of the Report:

• The EMR report gives an overview of the global seeds market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the crop type, seed type, genetically modified seed traits, seed treatment, seed availability, and major regions of the market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global seeds market are Bayer AG, Syngenta Group Co., Ltd., Groupe Limagrain Holding, Corteva, Inc, Sakata Seeds Corporation, and Rallis India Limited, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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