India Seed Market to Grow with a CAGR of 7.41% through 2030
Growth in research and
development activities is expected to drive the India Seed Market growth in the
forecast period, 2026-2030.
According to TechSci Research report, “India
Seed Market- By Region, Competition, Forecast and Opportunities, 2030F”,
the India Seed Market stood at USD 3.91 Billion in 2024 and is anticipated to
grow with a CAGR of 7.41% in the forecast period, 2026-2030. Initiatives taken
by government based on seed has led to favorable market conditions for the
India Seed Market. Several factors contribute to the growth of various seed
products.
The government, acknowledging the imperative for
agricultural modernization, spearheaded the Green Revolution. This pioneering
initiative introduced high-yield seed varieties and implemented subsidies on
fertilizers and pesticides, with the aim of enhancing agricultural productivity
and addressing food scarcity. While the Green Revolution yielded significant
success in boosting crop yields, it also prompted environmental concerns due to
the extensive use of chemical inputs and potential soil health implications.
In a proactive measure to ensure seed quality and
support farmers, the Indian government enacted the Seeds Act. This
comprehensive legislation not only oversees the quality of seeds available in
the market but also underscores the provision of high-quality, productive seeds
to farmers. By safeguarding the integrity of the seed supply chain, the Seeds
Act plays a pivotal role in facilitating farmers' access to dependable and
superior seeds, thereby fostering agricultural productivity and food security.
A notable outcome of extensive research and
development in the seed industry has been the remarkable progress in hybrid
seed creation. These hybrid seeds are meticulously bred by crossing two
distinct parent plants, resulting in offspring inheriting desirable traits from
both. Through this process, breeders can amalgamate the best attributes of
different varieties, including enhanced yield potential, improved pest and
disease resistance, and heightened adaptability to diverse environmental
conditions. Consequently, the demand for these high-performing hybrid seeds has
been steadily rising, empowering farmers to achieve increased crop productivity
and mitigate potential losses from external factors.
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The India Seed Market is segmented into product
type, crop type, regional distribution, and company.
Based on its crop type, the cotton segment is
anticipated to hold the largest market share in the forecast period. This
anticipated trend is largely attributed to the pivotal role played by
technological advancements, particularly in the realms of biotechnology and
farm mechanization, in driving the expansion of both the supply and demand for
cotton.The advent of biotechnology has provided scientists with the means to
revolutionize cotton cultivation by enhancing its genetic traits. Through
innovative techniques, researchers have successfully boosted cotton yields
while simultaneously fortifying the plants against pests and diseases. This
breakthrough has not only elevated productivity but has also ensured a more
resilient cotton crop, contributing significantly to its market appeal.
The increasing adoption of mechanized farming
practices has propelled efficiency and productivity levels in cotton
cultivation to new heights. By leveraging advanced machinery and automation,
farmers can streamline their operations, reduce labor costs, and optimize
resource utilization. This trend has not only solidified cotton's position as a
key player in the seed market but has also opened doors to sustainable and environmentally
conscious farming methods, aligning with evolving consumer preferences and
regulatory standards.
The ongoing exploration and integration of
cutting-edge technologies are poised to further revolutionize the cotton
industry. As research and development continue to push boundaries, the sector
is primed to meet the dynamic demands of the global market while advancing
towards greater sustainability and efficiency. Thus, the future of cotton
cultivation is characterized by innovation-driven growth and a commitment to
meeting the evolving needs of stakeholders across the value chain.
Based on region, West India segment is expected to
grow during the forecast period. In addition to the favorable
agro-climatic conditions, infrastructure development has played a crucial role
in the growth of the seed market in Western India. The region boasts robust
transportation networks, ensuring seamless distribution of seeds to various
parts of the country. Efficient logistics and well-connected roadways and
railways facilitate smooth movement of seeds, reducing transit time and
enhancing accessibility for farmers across the nation.
Western India has emerged as a hub for leading seed
companies, attracting both domestic and international players. Multinational
corporations like Dupont have established a strong presence in the region,
recognizing the immense potential and opportunities offered by the diverse
agricultural landscape. The participation of these prominent seed companies has
not only contributed to the growth and development of the seed industry but has
also fostered knowledge exchange, technological advancements, and research
collaborations in the field of agriculture.
Major companies operating in
India Seed Market are:
- Syngenta India Private Limited
- Corteva Agriscience
- Bayer CropScience Limited
- Kaveri Seed Company Limited
- Advanta India Ltd
- Rijk Zwaan India Seeds Pvt Ltd
- BASF India Limited
- East-West Seed India Pvt. Ltd.
- Limagrain Field Seeds India
- Nuziveedu Seeds Limited ( NSL )
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“In the coming years, India's seed market is poised
for a transformative shift driven by technological advancements and evolving
agricultural practices. With increasing emphasis on sustainable farming and
climate-resilient crops, demand for genetically modified seeds tailored to
local conditions will surge. Additionally, the rise of precision agriculture
will elevate the need for precision seeds, optimized for specific soil and
climate parameters. Collaborations between biotech firms and agricultural research
institutions will foster innovation, introducing novel traits like drought
tolerance and pest resistance.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“India Seed Market By Product
Type (Varietal Seeds, Hybrid Seeds, Genetically Modified Seeds), By Crop
Type (Cereals, Fruits & Vegetables, Oilseeds, Cotton, Others), By Region, By Competition, Forecast & Opportunities, 2020-2030”, has evaluated the future growth potential of India Seed 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 Seed Market.
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