Global Seeds Market to Experience Noteworthy Growth with the Increasing Use of Genetically Modified Seeds

In the past few years, the need for food has undoubtedly increased with the growing world population. There is enormous demand for agricultural systems to produce more food due to the increasing number of people who need to be fed. Thus, to solve this issue, the development and use of better seeds are critical.

The seeds market plays a vital role in horticulture, agriculture, and sustainable food production. A seed is a fertilized, developed ovule that includes stored material, an embryonic plant, and a protective coat or coats. A seed is a mature ovule that includes an embryo or a tiny, immature plant along with food reserves, all enclosed in a protective seed coat. They are formed during the fertilization process, which occurs when pollen from the male component of a plant (the stamen) meets the female part (the pistil) and fertilizes the ovule. Seeds come in a variety of forms and sizes and can be disseminated in a variety of ways, including by water, wind, and animals. Some seeds, such as pumpkin, sunflower, and chia seeds are edible and frequently consumed as food.

Recent Trends in the Seeds Market

The seeds market is continuously evolving with new varieties and technologies. With rising worries about climate change and its influence on agriculture, there is an increased focus on producing climate-resilient seeds. These seeds are specifically developed or manufactured to withstand extreme weather conditions such as heat, drought, and flooding, resulting in increased crop yield and sustainability. In addition, trait stacking is the process of combining several desirable features into a single variety. This practice has become more popular since it gives farmers access to a wider range of advantageous features, like herbicide tolerance, insect resistance, and increased yield potential, in a single seed variety.

Newest Insights in the Seeds Market

As per a report by Research Dive, the global seeds market is expected to grow at a CAGR of 4.6% and generate revenue of $106,179.0 million by 2031. The primary factors driving the growth of the market are the growing trend towards sustainable and organic agricultural methods, which has increased the demand for non-GMO and organic seeds, the rise in world population, and the increased awareness among farmers about the significance of utilizing quality seeds. However, regulatory issues with seeds are expected to hinder the market growth.

The seeds market in North America is expected to remain dominant in the coming years. The region's high revenue in 2021 was driven by the growing need for food as a result of population growth, as well as the rising trend towards organic and non-GMO products. This has led to an increased demand for high-quality seeds for crop production.

How are Market Players Responding to the Rising Demand for Seeds?

Market players are responding to the rising demand for seeds by investing in research and development to create new and enhanced seed varieties. They are also expanding their manufacturing capacity and distribution networks to satisfy the growing market demand.

In addition, market players are increasingly focusing on strategic partnerships and collaborations with other players in the industry to leverage their strengths and expand their reach. Some of the foremost players in the seeds market are Corteva, Bayer Crop Science AG, Syngenta AG, Limagrain, KWS SAAT SE, BASF, Sakata Seed Corporation, AgReliant Genetics, LLC, Yuan Longping High-tech Agriculture Co., Ltd., DLF Seeds A/S, and others. These players are focused on implementing strategies such as mergers and acquisitions, novel developments, collaborations, and partnerships to reach a leading position in the global market. 

For instance:

• In June 2022, Corteva Agriscience, a prominent American agricultural chemical and seed firm, BASF, a company offering sustainable business solutions, and MS Technologies™, a company focused on inventing trait and technology innovations for enhancing the future of farming, announced that they had engaged into a collaborative trait licensing arrangement to create next-generation Enlist E3® soybeans using the NRS (nematode-resistant soybean) trait for farmers in Canada and the US.
   
• In September 2022, Corteva Agriscience, a multinational agriculture company, launched the "Seed Applied Technology" seed treatment solutions for the rice and maize crops in India, with plans to expand to additional crops later. SAT can boost production by 3 to 5% while protecting rice crops from brown plant hopper infestation and yellow stem borer.
   
• In March 2023, Syngenta Crop Protection, a provider of agricultural technologies and science, and Aphea.Bio, a company involved in maintaining a safe and healthy food chain, joined forces to introduce a novel wheat seed treatment technique to all the markets throughout Europe, with the goal of assisting farmers in increasing sustainability through higher yields and less fertilizer usage.

COVID-19 Impact on the Global Seeds Market

The COVID-19 pandemic made a moderate impact on the global seeds market. The outbreak caused labor shortages, disrupted supply chains, and created logistical issues for seed distributors, producers, and retailers. The pandemic's primary impact on the seeds market was the disruption of international trade. In addition, the pandemic caused a disturbance in the supply of agricultural supplies like pesticides, agricultural machinery, and fertilizers. This had an effect on seed production, since farmers were unable to obtain the inputs necessary to cultivate crops. However, the pandemic raised the need for seeds as more individuals turned to gardening and home farming during lockdowns. As a result, seed manufacturers faced a problem in fulfilling growing demand while simultaneously struggling with labor shortages and supply chain disruptions. These factors had a significant impact on the global seeds market growth amidst the pandemic.