Cereal Seed Market Trends and Forecast
The future of the global cereal seed market looks promising with opportunities in the planting and research markets. The global cereal seed market is expected to grow with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand for high-yield crop varieties and rising adoption of genetically modified (GM) seeds.
• Lucintel forecasts that wheat is expected to witness the highest growth over the forecast period.
• Within this market, planting is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Cereal Seed Market
• United States: Leading seed companies like Bayer and Corteva are focusing on developing drought-resistant wheat varieties to enhance crop resilience. The government has set targets to increase wheat production by 10% over the next five years through improved seed technologies.
• India: Companies such as Mahyco and Advanta Seeds are expanding their research in hybrid rice seeds to boost yields and meet growing demand. The Indian government aims to achieve self-sufficiency in wheat and rice production by promoting the adoption of high-yielding seed varieties.
• Brazil: Embrapa, BrazilÄX%$%Xs agricultural research corporation, is collaborating with seed companies like Votorantim Sementes to develop genetically modified maize seeds resistant to pests. The government plans to increase maize production by 20% by 2025 through subsidies for seed technologies.
• China: Seed giants like China National Seed Group Corporation (CNSGC) are investing in biotechnology to improve the nutritional content of cereal seeds. The government has set targets to reduce fertilizer use by 15% in cereal cultivation by promoting high-efficiency seed varieties.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cereal Seed Market by Segment
The study includes a forecast for the global cereal seed market by type, application, and region.
Cereal Seed Market by Type [Value from 2018 to 2030]:
• Wheat
• Rice
• Barley
• Sorghum
• Others
Cereal Seed Market by Application [Value from 2018 to 2030]:
• Planting
• Research
Cereal Seed Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cereal 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 cereal seed companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cereal seed companies profiled in this report include-
• LG Seeds
• Syngenta
• Dupont
• Bayer
• Limagrain
• Seminis
• Advanta
Recent Development in the Cereal Seed Market
• Syngenta: Syngenta has introduced advanced wheat seed varieties resistant to prevalent fungal diseases, enhancing yield stability and quality in major wheat-growing regions globally. Their research focuses on sustainable agronomic practices to bolster farmer profitability amidst evolving climate conditions.
• Limagrain: Limagrain has launched a series of barley seeds tailored for organic farming, addressing increasing consumer demand for sustainably produced cereals. These seeds are designed to optimize yield under organic conditions while maintaining high nutritional content, supporting farmers in organic agriculture transitions.
• KWS Group: KWS Group has developed hybrid rye seeds with improved resistance to drought and heat stress, crucial for regions experiencing climate variability. Their research emphasizes genetic diversity to enhance crop resilience and productivity, contributing to food security and agricultural sustainability.
• RAGT Seeds: RAGT Seeds has expanded its portfolio with new maize varieties featuring enhanced nutritional profiles and adaptability to diverse growing conditions. These innovations aim to meet the rising demand for high-quality maize while ensuring environmental stewardship through efficient resource utilization.
• DLF Seeds: DLF Seeds has introduced novel oat cultivars bred for enhanced disease resistance and nutritional value, supporting the growth of the oats market in health-conscious consumer segments. Their commitment to research-driven innovation promotes sustainable cereal production practices globally.
Features of the Global Cereal Seed Market
Market Size Estimates: Cereal 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: Cereal seed market size by type, application, and region in terms of value ($B).
Regional Analysis: Cereal 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 cereal seed market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cereal seed market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for cereal seed market?
Answer: The global cereal seed market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the cereal seed market?
Answer: The major drivers for this market are growing demand for high-yield crop varieties and rising adoption of genetically modified (GM) seeds.
Q3. What are the major segments for cereal seed market?
Answer: The future of the cereal seed market looks promising with opportunities in the planting and research markets.
Q4. Who are the key cereal seed market companies?
Answer: Some of the key cereal seed companies are as follows:
• LG Seeds
• Syngenta
• Dupont
• Bayer
• Limagrain
• Seminis
• Advanta
Q5. Which cereal seed market segment will be the largest in future?
Answer: Lucintel forecasts that wheat is expected to witness the highest growth over the forecast period.
Q6. In cereal 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 cereal seed market by type (wheat, rice, barley, sorghum, and others), application (planting and research), 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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