Seeds Market Growth Forecast: 2024-2028
The global seeds market is poised for significant growth, with a forecasted increase of USD 29.53 billion at a CAGR of 6.75% between 2023 and 2028. This growth is primarily driven by the rising demand for ornamental plants, flowers, and landscaping vegetation in gardens, parks, and urban spaces, coupled with the growing trend of urban farming and small-scale cultivation. Additionally, sustainable farming practices, advanced farming techniques, and the increasing preference for organic farming are further fueling the demand for seeds in the global market.

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Market Segmentation
The global seeds market is divided into several segments, including product type, crop type, and geography.
By Product Type
- Conventional Seeds: Conventional seeds are grown in traditional systems using natural breeding methods, without genetic modification. These seeds are expected to witness significant growth during the forecast period due to the rising demand for organic farming and the increasing preference for non-GM varieties.
- GM Seeds: Genetically modified seeds, developed through genetic engineering, are designed to improve yield and resistance to diseases and pests. However, the demand for GM seeds faces regional restrictions due to safety concerns.
By Crop Type
- Grain Seeds & Oilseeds: This segment includes food grains such as wheat, rice, corn, and oilseeds like soybeans, cotton, and sunflower.
- Fruits & Vegetable Seeds: This segment covers seeds for fruits and vegetables, which are increasingly being cultivated in urban farming setups.
- Others: This category includes a range of additional crops, including forage and turf seeds.
By Geography
The seeds market is distributed across the following regions:
- APAC
- North America
- Europe
- South America
- Middle East and Africa
Key Market Drivers
Several factors are driving the growth of the seeds market:
- Rising Demand for Biofuels: The demand for biofuels is increasing, driving the need for oilseed crops such as soybeans, rapeseed, and sunflower.
- Technological Advancements: Advancements in seed technology, such as genetic engineering, are improving the yield, disease resistance, and drought tolerance of seeds, thus boosting the overall productivity of crops.
- Shift Toward Organic Farming: The growing demand for organic products and sustainable farming practices is shifting the focus toward conventional and non-GM seeds, which are typically grown using natural breeding methods.
Key Market Trends
- Advanced Seed Technologies: The growing usage of genetically engineered seeds with advanced traits such as insect resistance and herbicide tolerance is a significant trend in the market. Farmers are increasingly relying on high-performance seeds to enhance crop productivity.
- Plant-Based Protein Demand: The market for oilseeds is expanding due to the increasing demand for plant-based protein products, which are gaining popularity in the food and animal feed industries.
- Sustainability and Environmental Impact: The emphasis on environmental sustainability and soil health is pushing the adoption of agroecological practices and the use of high-quality seeds that can thrive in diverse climatic conditions.
Market Challenges
- Rising Seed Prices: The increase in seed prices, driven by higher production costs and inflation, is a significant challenge for farmers, particularly in developing regions. This could hinder market growth as the cost of high-quality seeds becomes prohibitive for some growers.
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Key Market Players
The global seeds market is competitive, with several key players driving innovation and growth:
- Adaptive Seeds LLC
- Baker Creek Heirloom Seeds
- BASF SE
- Bayer AG
- Corteva Inc.
- East West Seed Group
- Florimond Desprez Co.
- Fruition Seeds LLC
- Harris Seeds
- JK Agri Genetics Ltd.
- KWS SAAT SE and Co. KGaA
- LIDEA FRANCE
- Limagrain
- Rijk Zwaan Zaadteelt en Zaadhandel BV
- Royal Barenbrug Group
- Sakata Seed Corp.
- Seed Needs LLC
- Syngenta Crop Protection AG
- Takii and Co. Ltd.
- UPL Ltd.
Recent Developments in the Market
- January 2025: BASF SE announced the launch of new seed varieties designed to combat drought conditions, contributing to the company’s expansion in the North American and European markets.
- December 2024: Bayer AG unveiled a new line of genetically modified seeds with enhanced pest resistance, targeting major markets in North America and Asia.
- November 2024: Corteva Inc. entered a strategic partnership with a leading agricultural research institute to develop more resilient seed varieties, focusing on improving yields in Southeast Asia.
- October 2024: East West Seed Group introduced new hybrid vegetable seeds for urban and small-scale farming markets in Africa, aimed at improving local food security.