Latest News - Seed Market in Ghana: Conventional is expected to lead the Product Type segment during 2024-2028

The Seed Market in Ghana is being driven by Rising urban farming activities

The Seed Market in Ghana is expected to grow at a CAGR of 4.35% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.7 million. In the global seed market, innovations are at the forefront of addressing the escalating demand for food production. Manufacturers are investing significantly in developing advanced seed technologies to enhance yield, nutrition, and reduce production costs. These technologies align with ongoing global trends, such as genetically modified seeds, which provide superior quality and pest resistance. For instance, African private seed companies, including those in Ghana, are pioneering the development of herbicide-coated maize seeds to combat Striga, a parasitic weed affecting approximately 50 million hectares in Sub-Saharan Africa. This innovative approach aims to improve agricultural productivity and sustainability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Conventional
  • Genetically modified
• Crop Type
  • Cereals and grains
  • Fruits and vegetables
  • Oilseeds and pulses
  • Others
• Type
  • Herbicide-tolerance (HT)
  • Insect-resistance (IR)
  • Others
• Geography
  • Ghana

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising urban farming activities
• Increasing government support through farm subsidies and financial aid
• Growing adoption of GM seeds in Ghana

However, the market also witnesses some limitations, which are as follows:

• Rising seed prices
• Availability of counterfeit seeds
• Controversies regarding sustainable production of GM seeds

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Market Scope in Seed Market in Ghana Research Report

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Research Analysis Overview

The seed market in Ghana's agricultural production sector is a significant industry influenced by various market facets, including government support, farm subsidies, and the activities of urban farming. The sector is published by various influencers, including Agrihouse Foundation, which advocates for improved seed varieties and sustainable farming practices. Ghana's seed sector is characterized by the use of high yielding seed varieties, with a focus on vegetables due to dietary preferences. The area under cultivation for seed production is expanding due to population expansion and land degradation rate. However, the sector faces challenges such as the dominance of multinational corporations in the provision of packaged seeds and the slow adoption rate of improved seed varieties among farmers. Government support through farm subsidies and extension services is crucial in promoting the use of improved seed varieties. Urban farming activities provide opportunities for small-scale seed production, contributing to cash flows for farmers. The use of conventional seed sources is also gaining popularity due to their affordability and availability in local markets. In conclusion, the seed industry in Ghana's agricultural production sector is a critical component of food security and economic development. With the right government support, farmers can adopt improved seed varieties, increasing productivity and reducing the reliance on imports.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. Technavio determines the market size by aggregating the revenues of these participating entities. This market scope excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors propelling the expansion of the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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