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.