Seeds Market by Type (Genetically Modified, Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Treatment (Treated and Un-treated) and Region - Global Forecast to 2028

Abstract
The seed market is expected to be valued at USD 58.8 billion in 2023 and USD 83.3 billion by 2028, with a CAGR of 7.2% over the forecast period. Seeds are plant reproductive units that carry the genetic material required for plant growth and development. They are usually created during the pollination process, in which pollen from the male portion of a plant fertilizes the ovules in the female section of the plant, resulting in seed production.

Seeds are fiber-rich foods. They also include healthy monounsaturated and polyunsaturated fats, as well as a variety of vitamins, minerals, and antioxidants. When taken as part of a balanced diet, seeds can help decrease blood sugar, cholesterol, and blood pressure. These are some of the benefits of the seeds.

“Conventional seed is the largest segment which is expected to gain the largest market share in 2022.”

Conventional seeds help to preserve genetic variation within plant populations. They enable the maintenance of certain features and qualities that might be useful in adjusting to environmental changes and pests. Farmers may preserve and replant seeds from their own crops using conventional seeds, giving them more control and independence over their agricultural practices. This can also help farmers save money on inputs. These are the reasons that are considered to drive the market for seeds.

“The Cereals & grains segment is the largest, projected to account for the largest market share in 2022.”

Cereals & grains are the segment that is projected to be the largest segment. Seeds have the genetic capacity to boost productivity, disease resistance, drought tolerance, and nutritional content. Breeders are always developing and introducing new seed kinds with improved traits, which drives seed acceptance. Farmers want high-yielding crops to increase production and profit. Improved seed types are cultivated expressly for increased yields, which promotes their usage in the cereals and grains market. These are the reasons for propelling the market for the cereals & grains segment.

“North America market is projected to gain largest market share during the forecast period.“

The North American market is the largest market for seed. Genetic engineering, precision breeding, and biotechnology have all seen considerable improvements in North America. These developments have resulted in the production of high-quality, high-yielding seed types, which has fueled market expansion.

North American consumers are increasingly concerned with the quality, nutritional content, and sustainability of the food they consume. This has increased demand for seeds that yield crops with superior characteristics, such as greater nutritional value or organic certification. This has led to increased utilization of the seeds and stimulated the growth of the seed market in the region.

The Break-up of Primaries:
•By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
•By Designation: C level – 35%, Director level – 25%, Others – 40%
•By Geography: North America– 40%, Asia Pacific – 30%, Europe –20%, South America- 5%, and RoW 5%

Some Leading players profiled in this report:
•BASF SE (Germany)
•Bayer AG (Germany)
•Syngenta Crop Protection AG (Switzerland)
•KWS SAAT SE & Co. KGaA (Germany)
•Corteva (US)
•Limagrain (France)
•Advanta Seeds (UPL) (India)
•SAKATA SEED CORPORATION (Japan)

Research Coverage:
This research report categorizes the seed market by type (genetically modified and conventional), by crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types), by trait (herbicide tolerance, insect resistance, other traits), by treatment (treated seed and un-treated seed), and region (North America, Europe, Asia Pacific, South America, and RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the seed market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions; key strategies; partnerships, agreements; new product launches, mergers and acquisitions, and recent developments associated with the secondary macronutrient market. Competitive analysis of upcoming startups in the seed market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall seed market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Higher seed replacement rates are becoming more prevalent, Biotechnology is being used extensively in agricultural production, Increased use of oilseeds by animal feed manufacturers, Increased demand from the biofuel industry, There is a high demand for protein-rich meal items), restraints (Influence of climate change on agricultural crop production, Fluctuations observed in oilseed prices, The substantial investment in research and development for producing high-quality seeds contributes to elevated seed prices, Reduced crop productivity in areas with inadequate irrigation), opportunities (Rising desire for processed goods that are both healthy and organic, Joint initiatives by public and private entities in the development of new varieties, Use of molecular breeding technology to improve seed properties, ), and challenges (Unregulated entrants with lower profitability compared to costs, Scarce availability and limited access to high-quality seed varieties, Illegal trading in replica hybrid seeds and counterfeit goods) influencing the growth of the seed market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the seed market
•Market Development: Comprehensive information about lucrative markets – the report analyses the seed market across varied regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the seed market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like BASF SE (Germany), Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), KWS SAAT SE & Co. KGaA (Germany), Corteva (US), Limagrain (France), Advanta Seeds (UPL) (India), SAKATA SEED CORPORATION (Japan), DLF Seed A/S (Denmark), and Enza Zaden Beheer B.V. (Netherlands) among others in the seed market strategies.

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.3STUDY SCOPE40
FIGURE 1SEEDS: MARKET SEGMENTATION40
1.3.1INCLUSIONS AND EXCLUSIONS40
1.4REGIONS COVERED41
1.4.1YEARS CONSIDERED42
1.5UNITS CONSIDERED42
1.5.1CURRENCY (VALUE UNIT)42
TABLE 1USD EXCHANGE RATES CONSIDERED, 2018–202243
1.5.2AREA UNIT43
1.6STAKEHOLDERS43
1.7SUMMARY OF CHANGES44
1.8IMPACT OF RECESSION44
2RESEARCH METHODOLOGY45
2.1RESEARCH DATA45
FIGURE 2SEEDS MARKET: RESEARCH DESIGN45
2.1.1SECONDARY DATA46
2.1.1.1Key data from secondary sources46
2.1.2PRIMARY DATA47
2.1.2.1Key insights from industry experts47
2.1.2.2Breakdown of primary interviews48
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION48
2.2MARKET SIZE ESTIMATION49
2.2.1SEEDS MARKET SIZE ESTIMATION – SUPPLY-SIDE49
2.2.2SEEDS MARKET SIZE ESTIMATION – DEMAND-SIDE50
2.2.3BOTTOM-UP APPROACH50
FIGURE 4SEEDS MARKET: BOTTOM-UP APPROACH50
2.2.4TOP-DOWN APPROACH51
FIGURE 5SEEDS MARKET: TOP-DOWN APPROACH51
2.3GROWTH RATE FORECAST52
2.4MARKET BREAKUP AND DATA TRIANGULATION53
FIGURE 6DATA TRIANGULATION53
2.5ASSUMPTIONS54
FIGURE 7ASSUMPTIONS54
2.6LIMITATIONS & ASSOCIATED RISKS54
2.7RECESSION IMPACT ANALYSIS55
3EXECUTIVE SUMMARY56
TABLE 2SEEDS MARKET SNAPSHOT, 2023 VS. 202856
FIGURE 8SEEDS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)57
FIGURE 9SEEDS MARKET, BY TRAIT, 2023 VS. 2028 (USD MILLION)58
FIGURE 10SEEDS MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION)58
FIGURE 11SEEDS MARKET SHARE (VALUE), BY REGION, 202259
4PREMIUM INSIGHTS60
4.1ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN SEEDS MARKET60
FIGURE 12DEMAND FOR HIGH-QUALITY SEEDS WITH IMPROVED DISEASE RESISTANCE TO DRIVE GROWTH60
4.2ASIA PACIFIC: SEEDS MARKET, BY TYPE AND COUNTRY (2022)60
FIGURE 13CONVENTIONAL SEGMENT AND CHINA TO ACCOUNT FOR LARGER MARKET SHARES IN ASIA PACIFIC60
4.3SEEDS MARKET, BY CROP TYPE61
FIGURE 14CEREALS & GRAINS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD61
4.4SEEDS MARKET, BY TYPE61
FIGURE 15GENETICALLY MODIFIED SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD61
4.5SEEDS MARKET, BY TRAIT62
FIGURE 16OTHER TRAITS SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MACROECONOMIC INDICATORS63
5.2.1INTRODUCTION63
5.2.1.1Growing use of commercial seeds63
FIGURE 17MAJOR SEED EXPORTING COUNTRIES IN ASIA PACIFIC, 202264
FIGURE 18MAJOR SEED IMPORTING COUNTRIES IN ASIA PACIFIC, 202265
FIGURE 19TOP TEN SEED-PRODUCING COUNTRIES IN EUROPE, 2019–2022 (‘000 HA)65
5.2.1.2Increasing pesticide usage globally66
FIGURE 20GLOBAL PESTICIDE TRADE IN KEY REGIONS, 2018–2020 (USD MILLION)66
5.2.1.3Rising demand for high-value and industrial crops67
FIGURE 21AREA HARVESTED UNDER HIGH-VALUE CROPS, 2017–2021 (MILLION HA)67
5.3MARKET DYNAMICS68
FIGURE 22DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SEEDS MARKET68
5.3.1DRIVERS68
5.3.1.1Rising seed replacement rate68
5.3.1.2Increasing adoption of biotech crops69
TABLE 3AREA FOR BIOTECH CROPS, BY COUNTRY, 2018 (MILLION HA)69
FIGURE 23TOP FIVE COUNTRIES WITH AREA HARVESTED UNDER BIOTECH CROPS, 2018 (MILLION HA)70
5.3.1.3Growing use of oilseeds by animal feed manufacturers71
FIGURE 24EUROPEAN ANIMAL FEED SECTOR: USE OF PROTEIN MATERIAL, BY SOURCE, 2019-202071
TABLE 4PROTEIN SOURCES USED IN ANIMAL FEED71
5.3.1.4Increasing demand for rapeseed oil in biofuel industry72
TABLE 5OILSEEDS USED IN BIODIESEL PRODUCTION72
FIGURE 25CORN USAGE IN BIOFUEL PRODUCTION, 2015–2019 (MILLION BU)73
FIGURE 26MONTHLY BIODIESEL PRODUCTION IN US, 2019 VS. 2020 (MILLION GALLONS)73
5.3.1.5High demand for protein meal73
FIGURE 27GLOBAL PRODUCTION AND CONSUMPTION OF PROTEIN MEALS, 2022–2031 (MILLION TONS)74
5.3.2RESTRAINTS74
5.3.2.1Impact of climate change on agricultural crop production74
TABLE 6COUNTRY-WISE SCENARIO OF WEATHER CONDITIONS AND DISEASES IN SEEDS75
5.3.2.2Price fluctuations in oilseeds75
FIGURE 28OILSEED PRICES IN US, 2021 (USD/TON)75
5.3.2.3High R&D expenses75
FIGURE 29RESEARCH AND DEVELOPMENT EXPENDITURE OF KEY MANUFACTURERS, 2022 (USD MILLION)76
5.3.2.4Low yield of crops in under-irrigated areas76
5.3.3OPPORTUNITIES77
5.3.3.1Demand for healthy and organic products77
FIGURE 30NUMBER OF ORGANIC FOOD PRODUCERS IN TOP FIVE COUNTRIES, 202177
FIGURE 31DISTRIBUTION OF ORGANIC AGRICULTURAL AREAS, BY REGION, 202177
5.3.3.2Public–private partnerships in varietal development78
5.3.3.3Use of molecular breeding technology to improve seed properties78
5.3.4CHALLENGES79
5.3.4.1Unorganized new entrants with low profit-to-cost ratio79
5.3.4.2Lack of availability and access to high-quality seeds79
5.3.4.3Commercialization of fake hybrid seeds and counterfeit products79
6INDUSTRY TRENDS81
6.1INTRODUCTION81
6.2VALUE CHAIN ANALYSIS81
6.2.1RESEARCH AND PRODUCT DEVELOPMENT81
6.2.2PRODUCTION81
6.2.3TESTING AND PACKAGING82
6.2.4DISTRIBUTION82
6.2.5RETAILERS82
FIGURE 32SEEDS MARKET: VALUE CHAIN ANALYSIS82
6.3SUPPLY CHAIN ANALYSIS83
6.3.1PROMINENT COMPANIES83
6.3.2SMALL AND MEDIUM-SIZED ENTERPRISES83
6.3.3END USERS83
FIGURE 33SEEDS MARKET: SUPPLY CHAIN ANALYSIS83
6.4TECHNOLOGY ANALYSIS84
6.4.1NEW PLANT BREEDING TECHNOLOGIES84
6.4.2APICAL ROOTED CUTTING SEED TECHNOLOGY84
6.5PRICING ANALYSIS84
6.5.1AVERAGE SELLING PRICE, BY KEY CROP84
FIGURE 34SEEDS MARKET: GLOBAL AVERAGE SELLING PRICE, BY KEY CROP85
TABLE 7SEEDS MARKET: AVERAGE SELLING PRICE (ASP), BY KEY CROP, 2020–2022 (USD/TON)85
TABLE 8SEEDS MARKET: AVERAGE SELLING PRICE FOR KEY MARKET PLAYERS, BY KEY CROP, 2022 (USD/TON)85
6.6MARKET MAPPING AND ECOSYSTEM86
6.6.1SUPPLY-SIDE ANALYSIS86
6.6.2DEMAND-SIDE ANALYSIS86
6.6.3REGULATORY BODIES86
6.6.4DISTRIBUTORS & SUPPLIERS86
FIGURE 35SEEDS MARKET: MARKET MAPPING87
TABLE 9SEEDS MARKET: ECOSYSTEM87
6.7TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES88
FIGURE 36SEEDS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES88
6.8TRADE ANALYSIS89
TABLE 10SEEDS MARKET: EXPORT VALUE OF SEEDS, FRUITS, AND SPORES, BY KEY COUNTRY/REGION, 202289
TABLE 11SEEDS MARKET: IMPORT VALUE OF SEEDS, FRUITS, AND SPORES, BY KEY COUNTRY/REGION, 202289
TABLE 12SEEDS MARKET: EXPORT VALUE OF SEEDS, FRUITS, AND SPORES, BY KEY COUNTRY/REGION, 202190
TABLE 13SEEDS MARKET: IMPORT VALUE OF SEEDS, FRUITS, AND SPORES, BY KEY COUNTRY/REGION, 202190
6.9PATENT ANALYSIS91
FIGURE 37PATENTS GRANTED FOR SEEDS MARKET, 2013–202291
FIGURE 38REGIONAL ANALYSIS OF PATENTS GRANTED FOR SEEDS MARKET, 2013–202291
TABLE 14KEY PATENTS PERTAINING TO SEEDS MARKET, 2013–202292
6.10PORTER’S FIVE FORCES ANALYSIS93
TABLE 15SEEDS MARKET: PORTER’S FIVE FORCES ANALYSIS93
6.10.1INTENSITY OF COMPETITIVE RIVALRY93
6.10.2BARGAINING POWER OF SUPPLIERS93
6.10.3BARGAINING POWER OF BUYERS94
6.10.4THREAT OF SUBSTITUTES94
6.10.5THREAT OF NEW ENTRANTS94
6.11CASE STUDY ANALYSIS95
TABLE 16USE CASE 1: CORTEVA’S A-SERIES SOYBEAN VARIETIES WITH LIBERTYLINK GENE OFFERED FARMERS EXCEPTIONAL YIELD WITH GLYPHOSATE AND DICAMBA HERBICIDES TOLERANCE95
TABLE 17USE CASE 2: NEW PRODUCTION FACILITY OF KWS SAAT SE & CO. KGAA INCREASED PRODUCTION CAPACITY OF SUGAR BEET SEEDS BY 30%95
6.12KEY CONFERENCES & EVENTS, 2023–202496
TABLE 18KEY CONFERENCES & EVENTS IN SEEDS MARKET, 2023–202496
6.13TARIFFS AND REGULATORY LANDSCAPE96
TABLE 19NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
TABLE 20EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 21ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 22SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
6.14REGULATORY FRAMEWORK98
6.14.1NORTH AMERICA98
6.14.1.1US98
6.14.1.2Canada100
6.14.2EUROPE100
6.14.3ASIA PACIFIC102
6.14.3.1India102
6.14.3.2China103
6.14.4SOUTH AMERICA104
6.14.4.1Brazil104
6.14.4.2South Africa105
6.15KEY STAKEHOLDERS AND BUYING CRITERIA105
6.15.1KEY STAKEHOLDERS IN BUYING PROCESS106
FIGURE 39INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS106
TABLE 23INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TYPE106
6.15.2BUYING CRITERIA106
TABLE 24KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS FOR KEY TRAITS106
FIGURE 40KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS FOR KEY TRAITS107
7SEEDS MARKET, BY TYPE108
7.1INTRODUCTION109
FIGURE 41GENETICALLY MODIFIED SEEDS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD109
TABLE 25SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)110
TABLE 26SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)110
TABLE 27COMPARATIVE ANALYSIS OF CONVENTIONAL AND GENETICALLY MODIFIED CROPS110
7.2CONVENTIONAL SEEDS111
7.2.1DEMAND FOR ORGANICALLY PRODUCED SEEDS WITH DIVERSE FLAVORS, COLORS, AND TEXTURES TO DRIVE MARKET111
TABLE 28ENVIRONMENTAL IMPACT OF CONVENTIONAL SOYBEAN111
TABLE 29CONVENTIONAL: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)112
TABLE 30CONVENTIONAL: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)113
7.3GENETICALLY MODIFIED SEEDS113
7.3.1NEED FOR IMPROVED SEED QUALITY, HIGH YIELD OUTPUT, DISEASE RESISTANCE, AND HERBICIDE TOLERANCE TO BOOST MARKET113
FIGURE 42AREA UNDER GENETICALLY MODIFIED CROPS FOR INDUSTRIALIZED AND EMERGING ECONOMIES, 2017–2018 (MILLION HA)115
TABLE 31TOP TEN COUNTRIES THAT GRANTED REGULATORY APPROVALS TO GENETICALLY MODIFIED CROPS FOR FOOD, ANIMAL FEED, AND CULTIVATION, 2018115
TABLE 32GENETICALLY MODIFIED: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)115
TABLE 33GENETICALLY MODIFIED: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)116
8SEEDS MARKET, BY CROP TYPE117
8.1INTRODUCTION118
FIGURE 43CEREALS & GRAINS SEGMENT TO DOMINATE SEEDS MARKET DURING FORECAST PERIOD118
TABLE 34SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)118
TABLE 35SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)119
8.2OILSEEDS & PULSES119
FIGURE 44TOP TEN OILSEED-EXPORTING COUNTRIES, 2022119
8.2.1SOYBEAN120
8.2.1.1Soybean’s ability to grow in various soil types and climate conditions to drive demand for canola seeds120
FIGURE 45GLOBAL SOYBEAN PRODUCTION IN KEY COUNTRIES, 2017–2021 (MILLION TONS)120
TABLE 36APPLICATION AREAS OF SOYBEAN121
8.2.2CANOLA/RAPESEED122
8.2.2.1Need to replace trans-fat with healthy oil to drive demand for soybean oil122
FIGURE 46GLOBAL RAPESEED PRODUCTION, 2017–2020 (MILLION TONS)122
8.2.3COTTON123
8.2.3.1Research initiatives and commercialization of cotton plants by USDA to drive demand123
FIGURE 47COTTON SEED PRODUCTION OF LEADING COUNTRIES, 2019–2020 (TONS)123
FIGURE 48TOP TEN COTTON-EXPORTING COUNTRIES IN 2022124
8.2.4OTHER OILSEEDS & PULSES124
FIGURE 49ANNUAL PRODUCTION OF SUNFLOWER SEEDS, 2015–2020 (MILLION TONS)125
TABLE 37OILSEEDS & PULSES: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)125
TABLE 38OILSEEDS & PULSES: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)126
TABLE 39OILSEEDS & PULSES: SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)126
TABLE 40OILSEEDS & PULSES: SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)126
TABLE 41SOYBEAN: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)127
TABLE 42SOYBEAN: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)127
TABLE 43COTTON: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)127
TABLE 44COTTON: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)127
TABLE 45CANOLA: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)128
TABLE 46CANOLA: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)128
8.3CEREALS & GRAINS128
8.3.1CORN128
8.3.1.1Shift in cereal demand, focus on animal feed, and use of improved conventional technology to drive demand128
FIGURE 50GLOBAL PRODUCTION OF CORN, 2017–2021 (MILLION TONS)129
8.3.2WHEAT129
8.3.2.1Rising income levels and adoption of westernized diets to fuel demand for wheat-based products129
FIGURE 51WHEAT PRODUCTION IN INDIA, 2017–2021 (MILLION TONS)130
8.3.3RICE130
8.3.3.1Population growth and rising need for food use to boost demand for rice130
FIGURE 52ANNUAL PRODUCTION OF RICE, 2019–2021 (MILLION TONS)131
8.3.4OTHER CEREALS & GRAINS131
TABLE 47CEREALS & GRAINS: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)131
TABLE 48CEREALS & GRAINS: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)132
TABLE 49CEREALS & GRAINS: SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)132
TABLE 50CEREALS & GRAINS: SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)132
TABLE 51CORN: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)133
TABLE 52CORN: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)133
8.4FRUITS & VEGETABLES133
8.4.1SOLANACEAE134
8.4.1.1Demand for Solanaceae products to grow due to their rising utilization in processed food industry134
FIGURE 53GLOBAL TOMATO PRODUCTION BY REGION, 2021134
8.4.2CUCURBITS134
8.4.2.1Demand for short cucumbers as convenient and healthy snacking option to propel market134
8.4.3BRASSICAS135
8.4.3.1Demand for Brassica crops to grow due to their ability to provide nutrition at reduced cost135
8.4.4LEAFY VEGETABLES135
8.4.4.1Integration of smart technologies to enhance productivity of leafy vegetables135
8.4.5ROOTS & BULBS136
8.4.5.1Carrot to drive demand as rich source of beta-carotene and antioxidants136
FIGURE 54GLOBAL CARROT PRODUCTION BY REGION, 2021137
8.4.6OTHER FRUITS & VEGETABLES137
TABLE 53FRUITS & VEGETABLES: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)137
TABLE 54FRUITS & VEGETABLES: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)138
TABLE 55FRUITS & VEGETABLES: SEEDS MARKET, BY FAMILY TYPE, 2018–2022 (USD MILLION)138
TABLE 56FRUITS & VEGETABLES: SEEDS MARKET, BY FAMILY TYPE, 2023–2028 (USD MILLION)138
TABLE 57FRUITS & VEGETABLES: SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)139
TABLE 58FRUITS & VEGETABLES: SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)139
8.5OTHER CROP TYPES139
TABLE 59FUNCTIONAL, RECREATIONAL, AND ORNAMENTAL BENEFITS OF TURFGRASS140
TABLE 60OTHER CROP TYPES: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)141
TABLE 61OTHER CROP TYPES: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)141
9SEEDS MARKET, BY TREATMENT142
9.1INTRODUCTION142
9.2TREATED SEEDS142
9.3UNTREATED SEEDS142
10SEEDS MARKET, BY TRAIT143
10.1INTRODUCTION144
FIGURE 55OTHER TRAITS SEGMENT TO DOMINATE GENETICALLY MODIFIED SEEDS MARKET DURING FORECAST PERIOD144
TABLE 62SEEDS MARKET, BY TRAIT, 2018–2022 (USD MILLION)144
TABLE 63SEEDS MARKET, BY TRAIT, 2023–2028 (USD MILLION)145
TABLE 64SEEDS MARKET, BY TRAIT, 2018–2022 (MILLION HA)145
TABLE 65SEEDS MARKET, BY TRAIT, 2023–2028 (MILLION HA)145
FIGURE 56HERBICIDE-TOLERANT CORN (PERCENTAGE OF ALL CORN PLANTED) IN US, 2021–2022146
FIGURE 57INSECT-RESISTANT BT COTTON (PERCENTAGE OF ALL UPLAND COTTON PLANTED) IN US, 2021–2022146
10.2HERBICIDE TOLERANCE146
10.2.1NEED FOR EFFECTIVE WEED CONTROL AND PROTECTING CROP YIELDS TO DRIVE DEMAND FOR HERBICIDE-TOLERANT CROPS146
TABLE 66COUNTRIES TO APPROVE MAJOR HERBICIDE-TOLERANT CROPS (WITH SINGLE AND STACKED GENES) FOR FOOD, FEED, AND/OR CULTIVATION147
TABLE 67COMMERCIALIZED HERBICIDE-TOLERANT SEED PRODUCTS148
FIGURE 58HERBICIDE-TOLERANT COTTON (PERCENTAGE OF ALL UPLAND COTTON PLANTED) IN US, 2021–2022149
TABLE 68HERBICIDE-TOLERANT CROPS: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)149
TABLE 69HERBICIDE-TOLERANT CROPS: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)149
TABLE 70HERBICIDE-TOLERANT CROPS: SEEDS MARKET, BY REGION, 2018–2022 (MILLION HA)150
TABLE 71HERBICIDE-TOLERANT CROPS: SEEDS MARKET, BY REGION, 2023–2028 (MILLION HA)150
10.3INSECT RESISTANCE150
10.3.1INSECT-RESISTANT SEEDS TO HELP MINIMIZE CROP DAMAGE BY MAKING PLANTS LESS SUSCEPTIBLE TO PESTS150
TABLE 72INSECT-RESISTANT CROPS: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)151
TABLE 73INSECT-RESISTANT CROPS: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)151
TABLE 74INSECT-RESISTANT CROPS: SEEDS MARKET, BY REGION, 2018–2022 (MILLION HA)152
TABLE 75INSECT-RESISTANT CROPS: SEEDS MARKET, BY REGION, 2023–2028 (MILLION HA)152
10.4OTHER TRAITS152
TABLE 76GENE STACKING METHODS IN PRODUCTION OF BIOTECH STACKS153
TABLE 77OTHER TRAITS: SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)154
TABLE 78OTHER TRAITS: SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)154
TABLE 79OTHER TRAITS: SEEDS MARKET, BY REGION, 2018–2022 (MILLION HA)154
TABLE 80OTHER TRAITS: SEEDS MARKET, BY REGION, 2023–2028 (MILLION HA)155
11SEEDS MARKET, BY REGION156
11.1INTRODUCTION157
FIGURE 59CHINA TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD157
TABLE 81SEEDS MARKET, BY REGION, 2018–2022 (USD MILLION)158
TABLE 82SEEDS MARKET, BY REGION, 2023–2028 (USD MILLION)158
11.2NORTH AMERICA158
FIGURE 60NORTH AMERICA: REGIONAL SNAPSHOT159
11.2.1RECESSION IMPACT ANALYSIS159
FIGURE 61NORTH AMERICA: RECESSION IMPACT ANALYSIS160
TABLE 83NORTH AMERICA: SEEDS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)161
TABLE 84NORTH AMERICA: SEEDS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)161
TABLE 85NORTH AMERICA: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)161
TABLE 86NORTH AMERICA: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)161
TABLE 87NORTH AMERICA: SEEDS MARKET, BY TRAIT, 2018–2022 (USD MILLION)162
TABLE 88NORTH AMERICA: SEEDS MARKET, BY TRAIT, 2023–2028 (USD MILLION)162
TABLE 89NORTH AMERICA: SEEDS MARKET, BY TRAIT, 2018–2022 (MILLION HA)162
TABLE 90NORTH AMERICA: SEEDS MARKET, BY TRAIT, 2023–2028 (MILLION HA)162
TABLE 91NORTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)163
TABLE 92NORTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)163
11.2.2US163
11.2.2.1Presence of key market players and government’s price support system to drive market163
TABLE 93US: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)164
TABLE 94US: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)164
TABLE 95US: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)164
TABLE 96US: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)165
TABLE 97US: CORN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)165
TABLE 98US: CORN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)165
TABLE 99US: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)165
TABLE 100US: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)166
TABLE 101US: SOYBEAN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)166
TABLE 102US: SOYBEAN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)166
TABLE 103US: COTTON SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)166
TABLE 104US: COTTON SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)167
11.2.3CANADA167
11.2.3.1Adoption of cutting-edge technologies for plant breeding to boost demand for seeds business167
TABLE 105SEED CROPS GROWN IN CANADA168
FIGURE 62CROPS IMPORTED BY CANADA, 2021 (TONS)169
TABLE 106CANADA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)169
TABLE 107CANADA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)170
TABLE 108CANADA: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)170
TABLE 109CANADA: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)170
TABLE 110CANADA: CORN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)170
TABLE 111CANADA: CORN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)171
TABLE 112CANADA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)171
TABLE 113CANADA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)171
TABLE 114CANADA: SOYBEAN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)171
TABLE 115CANADA: SOYBEAN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)172
TABLE 116CANADA: CANOLA SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)172
TABLE 117CANADA: CANOLA SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)172
11.2.4MEXICO172
11.2.4.1Favorable government policies, well-developed seeds industry, and presence of key companies to drive market172
FIGURE 63ANNUAL IMPORTS OF PRIMARY RAW MATERIALS BY FEED INDUSTRY IN MEXICO, 2019–2021173
FIGURE 64WHEAT IMPORT IN MEXICO, 2019–2022 (TRADE YEAR)174
TABLE 118MEXICO: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)174
TABLE 119MEXICO: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)174
11.3EUROPE174
11.3.1RECESSION IMPACT ANALYSIS175
FIGURE 65EUROPE: RECESSION IMPACT ANALYSIS176
TABLE 120EUROPE: SEEDS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)176
TABLE 121EUROPE: SEEDS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)177
TABLE 122EUROPE: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)177
TABLE 123EUROPE: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)177
TABLE 124EUROPE: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)178
TABLE 125EUROPE: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)178
TABLE 126EUROPE: SEEDS MARKET, BY TRAIT, 2018–2022 (USD MILLION)178
TABLE 127EUROPE: SEEDS MARKET, BY TRAIT, 2023–2028 (USD MILLION)178
TABLE 128EUROPE: SEEDS MARKET, BY TRAIT, 2018–2022 (MILLION HA)178
TABLE 129EUROPE: SEEDS MARKET, BY TRAIT, 2023–2028 (MILLION HA)179
11.3.2SPAIN179
11.3.2.1Adoption of advanced technology and expansion of GE crop cultivation to drive market179
TABLE 130SPAIN: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)179
TABLE 131SPAIN: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)180
TABLE 132SPAIN: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)180
TABLE 133SPAIN: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)180
TABLE 134SPAIN: CORN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)180
TABLE 135SPAIN: CORN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)181
11.3.3ITALY181
11.3.3.1Availability of various vegetable seeds and favorable weather to drive market181
TABLE 136ITALY: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)181
TABLE 137ITALY: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)182
11.3.4GERMANY182
11.3.4.1Need for productivity and disease resistance and presence of key seed manufacturers to drive market182
TABLE 138GERMANY: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)182
TABLE 139GERMANY: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)183
11.3.5FRANCE183
11.3.5.1Focus on maintaining traditional, open-pollinated seed varieties and robust agricultural research sector to drive market183
TABLE 140FRANCE: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)183
TABLE 141FRANCE: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)184
11.3.6RUSSIA184
11.3.6.1Well-developed domestic seed industry with several seed companies to drive market184
TABLE 142RUSSIA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)184
TABLE 143RUSSIA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)185
11.3.7UK185
11.3.7.1Demand for seeds with disease resistance, higher yield potential, and adaptability to drive market185
TABLE 144UK: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)186
TABLE 145UK: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)186
11.3.8NETHERLANDS186
11.3.8.1Advanced horticultural practices and strong regulatory frameworks to drive seeds market186
TABLE 146NETHERLANDS: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)187
TABLE 147NETHERLANDS: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)187
11.3.9UKRAINE187
11.3.9.1Implementation of legislation and regulations to maintain seeds quality to drive market187
TABLE 148UKRAINE: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)188
TABLE 149UKRAINE: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)188
11.3.10REST OF EUROPE188
TABLE 150REST OF EUROPE: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)189
TABLE 151REST OF EUROPE: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)189
11.4ASIA PACIFIC189
FIGURE 66ASIA PACIFIC: REGIONAL SNAPSHOT191
11.4.1RECESSION IMPACT ANALYSIS191
FIGURE 67ASIA PACIFIC: RECESSION IMPACT ANALYSIS193
TABLE 152ASIA PACIFIC: SEEDS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)193
TABLE 153ASIA PACIFIC: SEEDS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)194
TABLE 154ASIA PACIFIC: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)194
TABLE 155ASIA PACIFIC: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)194
TABLE 156ASIA PACIFIC: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)195
TABLE 157ASIA PACIFIC: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)195
TABLE 158ASIA PACIFIC: SEEDS MARKET, BY TRAIT, 2018–2022 (USD MILLION)195
TABLE 159ASIA PACIFIC: SEEDS MARKET, BY TRAIT, 2023–2028 (USD MILLION)195
TABLE 160ASIA PACIFIC: SEEDS MARKET, BY TRAIT, 2018–2022 (MILLION HA)196
TABLE 161ASIA PACIFIC: SEEDS MARKET, BY TRAIT, 2023–2028 (MILLION HA)196
11.4.2CHINA196
11.4.2.1Government initiatives and increased subsidies to boost production of oilseeds and other seed crops196
TABLE 162CHINA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)197
TABLE 163CHINA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)197
TABLE 164CHINA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)198
TABLE 165CHINA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)198
TABLE 166CHINA: COTTON SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)198
TABLE 167CHINA: COTTON SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)198
11.4.3THAILAND199
11.4.3.1Strong export market for Solanaceae crops and focus on food value awareness to boost market199
TABLE 168THAILAND: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)199
TABLE 169THAILAND: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)200
11.4.4INDIA200
11.4.4.1Rising adoption of hybrid seeds and increased investment in research & development to drive market200
FIGURE 69OILSEED PRODUCTION IN INDIA, BY OIL MEAL TYPE, 2019–2020 (‘000 TONS)201
TABLE 170INDIA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)201
TABLE 171INDIA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)202
TABLE 172INDIA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)202
TABLE 173INDIA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)202
TABLE 174INDIA: COTTON SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)202
TABLE 175INDIA: COTTON SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)203
11.4.5JAPAN203
11.4.5.1Favorable agricultural policy and adoption of advanced technologies to drive market203
TABLE 176JAPAN: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)204
TABLE 177JAPAN: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)204
11.4.6AUSTRALIA204
11.4.6.1Increasing use of genetically modified crops and need for improved yield to drive market204
FIGURE 70CANOLA EXPORT IN AUSTRALIA, 2022 (‘000 TONS)205
TABLE 178AUSTRALIA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)205
TABLE 179AUSTRALIA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)205
11.4.7VIETNAM206
11.4.7.1Dependence on agriculture and diversity in crop production to drive market206
FIGURE 71MARKET SHARE FOR WHEAT IMPORT IN VIETNAM, 2022206
TABLE 180VIETNAM: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)207
TABLE 181VIETNAM: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)207
11.4.8REST OF ASIA PACIFIC207
TABLE 182REST OF ASIA PACIFIC: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)208
TABLE 183REST OF ASIA PACIFIC: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)208
11.5SOUTH AMERICA208
11.5.1RECESSION IMPACT ANALYSIS209
FIGURE 72SOUTH AMERICA: RECESSION IMPACT ANALYSIS210
TABLE 184SOUTH AMERICA: SEEDS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)210
TABLE 185SOUTH AMERICA: SEEDS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)211
TABLE 186SOUTH AMERICA: SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)211
TABLE 187SOUTH AMERICA: SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)211
TABLE 188SOUTH AMERICA: SEEDS MARKET, BY TRAIT, 2018–2022 (USD MILLION)211
TABLE 189SOUTH AMERICA: SEEDS MARKET, BY TRAIT, 2023–2028 (USD MILLION)212
TABLE 190SOUTH AMERICA: SEEDS MARKET, BY TRAIT, 2018–2022 (MILLION HA)212
TABLE 191SOUTH AMERICA: SEEDS MARKET, BY TRAIT, 2023–2028 (MILLION HA)212
TABLE 192SOUTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)212
TABLE 193SOUTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)213
11.5.2BRAZIL213
11.5.2.1Semi-temperate climate and fertile soil to propel crop production and export market growth213
FIGURE 73AREA HARVESTED FOR MAJOR CROPS IN BRAZIL, 2019–2021 (MILLION HA)214
TABLE 194BRAZIL: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)214
TABLE 195BRAZIL: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)214
TABLE 196BRAZIL: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)215
TABLE 197BRAZIL: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)215
TABLE 198BRAZIL: CORN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)215
TABLE 199BRAZIL: CORN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)215
TABLE 200BRAZIL: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)216
TABLE 201BRAZIL: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)216
TABLE 202BRAZIL: SOYBEAN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)216
TABLE 203BRAZIL: SOYBEAN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)216
11.5.3ARGENTINA217
11.5.3.1Adoption of genetically modified seeds, access to loan facilities for small farmers, and diverse climate conditions to drive market217
FIGURE 74AREA HARVESTED FOR MAJOR CROPS IN ARGENTINA, 2019–2021 (MILLION HA)218
TABLE 204ARGENTINA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)218
TABLE 205ARGENTINA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)218
TABLE 206ARGENTINA: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)219
TABLE 207ARGENTINA: CEREALS & GRAINS SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)219
TABLE 208ARGENTINA: CORN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)219
TABLE 209ARGENTINA: CORN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)219
TABLE 210ARGENTINA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2018–2022 (USD MILLION)220
TABLE 211ARGENTINA: OILSEEDS & PULSES SEEDS MARKET, BY CROP, 2023–2028 (USD MILLION)220
TABLE 212ARGENTINA: SOYBEAN SEEDS MARKET, BY TYPE, 2018–2022 (USD MILLION)220
TABLE 213ARGENTINA: SOYBEAN SEEDS MARKET, BY TYPE, 2023–2028 (USD MILLION)220
11.5.4CHILE221
11.5.4.1Investment from leading players and favorable and climate conditions to propel demand for seed production221
TABLE 214CHILE: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)221
TABLE 215CHILE: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)222
11.5.5REST OF SOUTH AMERICA222
TABLE 216REST OF SOUTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)222
TABLE 217REST OF SOUTH AMERICA: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)223
11.6ROW223
FIGURE 75ROW: RECESSION IMPACT ANALYSIS224
TABLE 218ROW: SEEDS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)225
TABLE 219ROW: SEEDS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)225
TABLE 220ROW: SEEDS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)225
TABLE 221ROW: SEEDS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)226
TABLE 2