IHS Markit Seed Market Analysis and Data Infographic
IHS Markit Seed Market Analysis and Data Infographic
IHS Markit Seed Market Analysis and Data Infographic
The global market for commercial seeds is Looking ahead, seed market drivers such as
estimated to reach $44,944 million for the last the growing population and policies around
completed harvest (2020). The estimate for the decarbonization, have led to an increasing
market CAGR was 3.8% between 2010-2020. need for organic agriculture and the adaptation
Genetically modified (GM) seeds accounted of GM technology to meet these demands.
for 48% market share in the commercial seed Understanding who the market leaders are and
market, whereas the area reported under GM and what traits are leading the market is a crucial part
conventional seeds was 19% and 81% of the total of assessing commercial opportunities in order to
crop plantation area, respectively. Between gain a competitive advantage.
2010-2020, CAGR for the GM seed market was 5%,
and the conventional seed market was 3%.
Climate change
‒ Climate change and pest pressure is leading to increased demand for
the development of seed technologies, which will directly drive the
demand for seeds with desired characteristics.
Increasing population
‒ Increasing population and rise in demand for food grains is driving demand in the
commercial seed market. As seed alone accounts for 74% of yield gain in crops, it will
always remain a point of focus to meet sustainability goals.
‒ Rising awareness for protein- and vitamin-rich diets across various regions will propel
seed market growth.