Seed Market Size

Global Seed Market size was valued at USD 57.6 billion in 2023 and is poised to grow from USD 60.65 billion in 2024 to USD 91.68 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

Seed companies are experiencing a big change as people need crops that produce a good harvest, are immune to diseases and survive harsh weather. Pressure on farmers due to rising populations is causing increased interest in hybrid and GM seeds in developing parts of the globe. The use of new farming technology is speeding up learning about seeds, while assistance from governments in India, Brazil and China leads more farmers to opt for certified seeds. As a result, when private companies invest more in research and join forces with biotech businesses, the competitive situation broadens and gives farmers more access to new seed varieties.

However, there are significant difficulties for the market. Strict checks on GM products by the EU and similar regions still hold back the market for such products. High expenses for growth, long waits for approval and worries about intellectual property are making it hard for smaller players to compete. With climate change, extreme weather and lower soil fertility make it harder for ancient seed varieties to give a good crop. Because of these obstacles, attention has shifted toward growing useful local seed and farming in sustainable ways. Despite such obstacles, the global seed market is likely to prosper, thanks to new developments, helpful government plans and stronger attention on food security and better ways to farm.

What factors are propelling the demand for high-yield and stress-tolerant seed varieties globally?

The escalating global population, projected to surpass 9 billion by 2050, intensifies the need for increased agricultural productivity. This demand is further compounded by the challenges posed by climate change, such as erratic weather patterns, droughts, and soil degradation. Consequently, there's a heightened emphasis on developing high-yield and stress-tolerant seed varieties. Farmers are increasingly adopting genetically modified (GM) seeds that offer enhanced resistance to pests, diseases, and environmental stresses, ensuring consistent yields even under adverse conditions.

Moreover, the integration of advanced biotechnological tools, including CRISPR and marker-assisted selection, has accelerated the development of such resilient seed varieties. These technologies enable precise genetic modifications, leading to crops that not only yield more but also require fewer inputs, aligning with sustainable agricultural practices.

How are technological advancements in seed treatment and biotechnology reshaping the seed industry landscape?

Technological innovations in seed treatment and biotechnology are revolutionizing the seed industry. Advanced seed treatments, such as microbial inoculants and biofungicides, enhance seed germination, protect against pathogens, and improve nutrient uptake. For instance, BASF's Vault® IP Plus combines a dual-strain biofungicide with rhizobia to bolster soybean root health and yield.

In parallel, biotechnological advancements like gene editing and trait stacking have facilitated the development of seeds with multiple beneficial traits, including drought tolerance, pest resistance, and improved nutritional profiles. These innovations not only boost crop performance but also reduce reliance on chemical inputs, promoting environmental sustainability.