Cash Crop Seed Market Trends and Forecast
The future of the global cash crop seed market looks promising with opportunities in the farmland and greenhouse markets. The global cash crop seed market is expected to grow with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing consumer preferences for healthier and more sustainable food options and rising demand for high-quality seeds that are pests and diseases resistant.
• Lucintel forecasts that vegetable crop is expected to witness the highest growth over the forecast period.
• Within this market, farmland is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Cash Crop Seed Market
• United States: In the United States, companies like Monsanto (now part of Bayer Crop Science) and Pioneer Hi-Bred (a subsidiary of Corteva Agriscience) are key players in the cash crop seed market. Monsanto has focused on biotechnology and genetic research to develop genetically modified (GM) seeds for major crops like corn, soybeans, and cotton, enhancing traits such as pest resistance and yield potential. Pioneer Hi-Bred has announced initiatives to expand its portfolio of hybrid seeds with improved drought tolerance and nutritional content to meet changing climate conditions and consumer preferences. Government targets include supporting agricultural innovation through funding programs by the USDA and regulatory oversight of biotechnology in seeds. Data sources include market reports from agricultural trade associations and government publications.
• India: In India, companies such as Mahyco, Nuziveedu Seeds, and Advanta Seeds are leading players in the cash crop seed market. Mahyco has focused on developing hybrid seeds for cotton and vegetables tailored to Indian agro-climatic conditions, emphasizing high yield and resistance to pests. Nuziveedu Seeds has announced collaborations with agricultural universities and research institutes to enhance seed research and development for crops like cotton and maize. Advanta Seeds has initiatives to introduce drought-tolerant seeds and improve farm productivity through innovative agricultural practices. Government targets include promoting seed technology adoption and enhancing crop yields through schemes by the Ministry of Agriculture and FarmerÄX%$%Xs Welfare. Data sources include reports from the National Seed Association of India and agricultural research organizations.
• China: In China, companies like China National Seed Group Co., Ltd. (Chinaseed) and Origin Agritech Limited are prominent in the cash crop seed market. Chinaseed focuses on seed production and distribution for major crops like rice, wheat, and soybeans, employing advanced breeding techniques to enhance seed quality and yield potential. Origin Agritech Limited has initiatives to expand its biotechnology research capabilities to develop GM seeds for corn and cotton, addressing agricultural challenges such as pest resistance and environmental sustainability. Government targets involve supporting agricultural modernization and ensuring food security through policies by the Ministry of Agriculture and Rural Affairs. Data sources include market analysis reports from Chinese agricultural authorities and industry publications.
• Germany: In Germany, companies like KWS SAAT SE and Bayer Crop Science are active in the cash crop seed market. KWS SAAT SE focuses on breeding high-yielding seeds for major crops like sugar beets and cereals, integrating sustainable farming practices to enhance soil health and crop resilience. Bayer Crop Science has initiatives to develop seeds with improved disease resistance and agronomic traits through genetic research and biotechnology. Government targets include promoting sustainable agriculture and enhancing crop productivity through initiatives by the Federal Ministry of Food and Agriculture. Data sources include market research reports from European agricultural agencies and seed industry associations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cash Crop Seed Market by Segment
The study includes a forecast for the global cash crop seed market by type, application, and region.
Cash Crop Seed Market by Type [Value from 2018 to 2030]:
• Vegetable Crop
• Fiber Crop
• Oil Crop
• Sugar Crop
• Beverage Crop
• Medicinal Crop
• Tropical Crop
• Others
Cash Crop Seed Market by Application [Value from 2018 to 2030]:
• Farmland
• Greenhouse
• Others
Cash Crop Seed Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cash Crop Seed Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cash crop seed companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cash crop seed companies profiled in this report include-
• Bejo
• Corteva Agriscience
• Syngenta
• Bayer
• Americot
• BASF
• Limagrain
• Dyna-Gro
• Kaveri Seeds
• NC Ginseng & Goldenseal Company
Recent Development in the Cash Crop Seed Market
• Monsanto (now Bayer Crop Science) : Monsanto, now part of Bayer Crop Science, continues to lead in biotechnology and genetic research for cash crop seeds. The company focuses on developing genetically modified (GM) seeds that offer traits such as herbicide tolerance, pest resistance, and improved yield potential. MonsantoÄX%$%Xs initiative includes ongoing investments in research to enhance seed technology and support sustainable agricultural practices globally.
• Pioneer Hi-Bred (Corteva Agriscience) : Pioneer Hi-Bred, a subsidiary of Corteva Agriscience, has been expanding its hybrid seed portfolio in major cash crops like corn, soybeans, and wheat. The companyÄX%$%Xs initiative includes introducing new varieties with traits such as drought tolerance, disease resistance, and enhanced nutritional content. Pioneer Hi-Bred collaborates with farmers and agricultural experts to innovate seed solutions that address evolving climate challenges and market demands.
• Syngenta : Syngenta focuses on sustainable agriculture practices and seed solutions in the cash crop seed market. The companyÄX%$%Xs initiative includes promoting integrated pest management (IPM) strategies and developing seeds with traits suited for diverse agro-climatic conditions. Syngenta collaborates with research institutions and farmers to optimize crop yields while minimizing environmental impact through advanced seed technologies.
• DowDuPont (now Corteva Agriscience) : DowDuPont, now Corteva Agriscience, has initiatives focused on seed technology and innovation in cash crops. The companyÄX%$%Xs initiative includes leveraging biotechnology to enhance seed traits such as stress tolerance and nutritional value. Corteva Agriscience invests in research and development to introduce advanced seed solutions that improve farm productivity and sustainability across global markets.
Features of the Global Cash Crop Seed Market
Market Size Estimates: Cash crop seed market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cash crop seed market size by type, application, and region in terms of value ($B).
Regional Analysis: Cash crop seed market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the cash crop seed market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cash crop seed market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for cash crop seed market?
Answer: The global cash crop seed market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the cash crop seed market?
Answer: The major drivers for this market are increasing consumer preferences for healthier and more sustainable food options and rising demand for high-quality seeds that are pests and diseases resistant.
Q3. What are the major segments for cash crop seed market?
Answer: The future of the cash crop seed market looks promising with opportunities in the farmland and greenhouse markets.
Q4. Who are the key cash crop seed market companies?
Answer: Some of the key cash crop seed companies are as follows:
• Bejo
• Corteva Agriscience
• Syngenta
• Bayer
• Americot
• BASF
• Limagrain
• Dyna-Gro
• Kaveri Seeds
• NC Ginseng & Goldenseal Company
Q5. Which cash crop seed market segment will be the largest in future?
Answer: Lucintel forecasts that vegetable crop is expected to witness the highest growth over the forecast period.
Q6. In cash crop seed market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cash crop seed market by type (vegetable crop, fiber crop, oil crop, sugar crop, beverage crop, medicinal crop, tropical crop, and others), application (farmland, greenhouse, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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