Indian Seeds Market- The increasing awareness among farmers about the advantages of using hybrid seeds is fueling the growth of the Indian market during the forecast period of 2025-2029.
According to TechSci Research report, “India Seeds Market – By Region, Competition, Forecast and Opportunities, 2029”, India seeds market stood at USD 3,914.36 million in 2023 and is anticipated to grow with CAGR of 7.41% in the forecast period. This can be ascribed to the rising awareness among the farmers related to the benefits of using hybrid seeds. Seed is defined as a fertilized ovule, which contains the plant embryo. It is a mature ovule that consists of an embryo or a miniature undeveloped plant and food reserves, all enclosed within a protective seed coat.
The Indian agricultural sector is facing the challenge of increasing population and decreasing arable land. This has led to an increased demand for high-yielding seeds that can help farmers to increase their crop productivity. Hybrid seeds are known for their high yield and resistance to pests and diseases. The increasing adoption of hybrid seeds is one of the major growth drivers for the Indian seed market.
In plant breeding, a variety of techniques are employed to select plants based on natural variations, hybridize them, and select particular genes or marker profiles through molecular tools. The primary goal of these techniques is to select plant types that are superior to variants in terms of their yield, quality, and pest resistance. The situation after the introduction of hybrids and enhanced OPVs has led to a variety of benefits, including improved yield, higher seed prices, and cost-effectiveness. These factors are expected to contribute to the expansion of the seed market in India in the near future.
The seed industry is increasingly using digital technologies such as blockchain and artificial intelligence. These technologies are helping to improve the efficiency and traceability of the seed supply chain. The seed industry is investing heavily in research and development. This is to develop new and improved seed varieties that can meet the needs of farmers.
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Climate change is posing a challenge to the seed industry in India. The changing weather patterns are leading to the development of new pests and diseases, which can affect the growth of crops.
The Indian government is promoting the use of improved seeds through various initiatives such as the National Seed Policy 2002 and the National Seed Plan 2013-2020. These initiatives are helping to create awareness about the importance of using quality seeds and are also providing financial assistance to farmers to purchase certified seeds.
Overall, the Indian seed market is expected to grow at a healthy pace in the coming years. The major growth drivers for the market are increasing demand for high-yielding seeds, growing adoption of hybrid seeds, government initiatives, growing awareness among farmers, and expansion of the agricultural sector.
India seeds market can be segmented by product type, crop type, availability, sales channel, and region.
Based on product type, India seeds market can be divided into varietal seeds, hybrid seeds, and genetically modified seeds. Varietal segment is expected to dominate the market during the forecast period. This is attributed to the wide range application, cost-effectiveness of the seeds.
Based on crop type, the market can be fragmented into cereals, fruits & vegetables, oilseeds, cotton, and others. Cereals segment is expected to dominate the market during the forecast period. The rise in the demand for paddy rice seeds in the country is increasing the overall demand for cereals in the country.
Major companies operating in India seeds market are:
- Corteva Agriscience Private Limited
- Bayer CropScience Limited
- Syngenta India Private Limited
- Kaveri Seed Company Limited
- Nuziveedu Seeds Ltd
- National Seeds Corporation Limited
- DCM Shriram Consolidated Ltd
- Maharashtra Hybrid Seeds Company Private Limited
- Rallis India Limited
- Advanta Seeds Limited
- Rasi Seeds Private Limited
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“The protection provided by PPV and FR Act has enabled the private sector to become more involved in the research and development of OP varieties, particularly in the Rice and wheat sectors. It has also enabled a greater involvement of the private sector in the production and delivery of improved seed.
The introduction of new varieties in combination with proper extension will have a considerable impact on the development of the seed Industry due to the increase in SRR.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Seeds Market, By Product Type (Varietal Seeds, Hybrid Seeds, Genetically Modified Seeds), By Crop Type (Cereals, Fruits & Vegetables, Oilseeds, Cotton, Others), By Availability (Farm Saved, Commercial) By Sales Channel (Indirect, Direct), By Region, Competition, Forecast and Opportunities, 2029”, has evaluated the future growth potential of India seeds market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India seeds market.
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