Asia-Pacific Seed Market

Asia-Pacific Seed Market Size, Growth, Trends and Forecast:

The Asia-Pacific Seed Market was worth $22.91 billion in 2021 and estimated to be growing at a CAGR of 9.10%, to reach $35.41 billion by 2026. The Seed market is developing at a significant rate due to the rising demand for food and feed and rapid decline in arable land.Farmers count on the seed industry to provide seeds that bring high yields and help reduce the cost of production. The global concerns about pollution are driving the increase in the use of biofuels.

The growth of the Asia-Pacific Seed market is mainly due to the increasing consumption of animal fodder, and growing need for commodities such as vegetable oil. Increasing population in this part of the world is also supporting the growth of the Asia-Pacific Seed market. Volatile economies and lack of awareness are the major restrictive factors for the Asia-Pacific market. Concerns over Genetically Modified Seeds is restraining the growth of the market. The seed market is hindered as the GM seeds are relatively more expensive than normal seeds in developing countries like India.

The Asia-Pacific Seed Market is segmented and sub-segmented into following categories:

Asia-Pacific Seed Market - By Crop Type:

• Oilseed

  • soybean
  • sunflower
  • cotton
  • canola
• Grain seed
  • corn
  • wheat
  • rice
  • millet crops
• Fruit & Vegetable
  • tomato
  • melon
  • carrot
  • onion
  • pepper
  • lettuce
• Other seed
  • alfalfa
  • turf
  • clover & forage plants
  • flower seed

The Grain seed segment leads the seed market, with corn having the largest share followed by soybean.

Asia-Pacific Seed Market - By Seed Trait:

• Herbicide Tolerant
• Insect Resistant
• Other Stacked Traits

The Market is Geographically divided into:

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers substantial opportunities for the Seed market, with China and India being the most populous countries in this region contributing to the increasing demand. China leads the market in this region. This region accounts for about 30% of the global market and is expected to be one of the fastest growing market during the forecast period. China is the second largest seed market in the world after U.S. Indonesia, Vietnam, and Malaysia, are some of the promising players in this market.

Key Players:

• Monsanto
• DuPont
• Syngenta
• AG
• Dow AgroSciences LLC
• Land O’Lakes Inc
• Bayer Crop Science

Existing companies such as Monsanto and Syngenta have been actively involved in the acquisition of regional players to strengthen their market presence.