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Asia-Pacific Seed Market Size

The Asia-Pacific seed market is projected to experience growth over the forecast period, driven by the increasing demand for hybrid seeds, which dominate the market due to their higher productivity and adaptability. China leads the region in market share, supported by policies encouraging foreign investment and technology transfer, while India follows with government initiatives to bolster its seed industry. Japan is witnessing a rise in urban agriculture, driven by consumer demand for fresh vegetables, and Australia is expected to grow rapidly due to expanding cultivation areas. These factors collectively contribute to the anticipated expansion of the market size in the Asia-Pacific region.

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Market Size of asia-pacific seed Industry

Asia-Pacific Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 22.29 Billion
svg icon Market Size (2030) USD 27.97 Billion
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 3.86 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Seed Market Analysis

The Asia-Pacific Seed Market size is estimated at 22.29 billion USD in 2024, and is expected to reach 27.97 billion USD by 2030, growing at a CAGR of 3.86% during the forecast period (2024-2030).

22.29 Billion

Market Size in 2024 (USD)

27.97 Billion

Market Size in 2030 (USD)

3.27 %

CAGR (2017-2023)

3.86 %

CAGR (2024-2030)

Largest Market by Crop Family

62.82 %

value share, Grains & Cereals, 2023

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Rice and wheat are the staple foods for most countries in the region, where they have been cultivated extensively. The region has also begun to adopt GMO rice seeds.

Largest Market by Country

53.94 %

value share, China, 2023

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China leads in Asia-Pacific in transgenic crop approvals for cultivation and boasts the highest usage of commercial seeds, which positions it as the dominant player.

Fastest-growing Market by Crop Family

5.28 %

Projected CAGR, Fiber Crops, 2024-2030

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The surging textile industry and increased export demand, coupled with the extensive cultivation of Bt varieties, have fostered the region's fastest growth.

Fastest-growing Market by Country

5.85 %

Projected CAGR, Australia, 2024-2030

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It is the fastest-growing country as the growers increased cereal cultivation for a high ROI. The government's support to boost domestic production and reduce imports fuels this growth.

Leading Market Player

8.82 %

market share, Bayer AG, 2022

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The company has made extensive product innovations and effective partnerships. It introduced new herbicide-tolerant corn seeds under the Dekalb brand, along with other rice seeds.

Hybrids dominate the Asia-Pacific seed market due to their ability to produce higher yields and resistance to biotic and abiotic stresses

  • In Asia-Pacific, hybrid seeds dominated the seed market, with a share of 70.2% in 2022 in terms of value. Out of the total hybrid seed market value, row crops accounted for an 87.1% share, whereas vegetables accounted for 12.9% in 2022.
  • The hybrid segment has a major share because of higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. In cotton, hybrids give 50% more yield than conventional varieties. The wider adaptability of hybrids is mainly due to their high buffering capacity to environmental fluctuations.​ Thus, the demand for hybrid seeds is expected to increase during the forecast period.
  • In 2022, among the row crop hybrids, transgenic hybrids accounted for 24.2% of the market share. This is attributed to their ability to produce better yields. Non-transgenic hybrids accounted for 75.8% of the market value.
  • Among hybrids, insect-resistant transgenic hybrids dominate the transgenic seed market, accounting for a share of 84.4% of the market share value in 2022. Crops with insect-resistant traits approved for cultivation in the region are corn, cotton, and rice.​
  • Open-pollinated varieties and hybrid derivatives held a market share of 29.8% in 2022 in Asia-Pacific in terms of value. In countries such as India, the government is actively promoting locally bred open-pollinated varieties by capping the prices that international seed companies can charge to help increase the usage of OPVs. ​
  • The increased availability of hybrids and improved OPVs resulted in many advantages, such as yield improvement and availability of seeds at an affordable price. These factors are estimated to drive the growth of the Asia-Pacific seed market during the forecast period.
Asia-Pacific Seed Market

The various government initiatives and schemes to support agriculture in the region and the growing demand for hybrids are driving the market

  • In Asia-Pacific, China dominated the seed market, which accounted for 54.4% of the market in terms of value, followed by India at 15.7%, Japan at 5.5%, Pakistan at 3.8%, and Indonesia at 3.7% in 2022.
  • China encourages multinational seed companies to enter the domestic market as they bring new development concepts and technology into the country, spread new technologies and propagation methods, and promote industrial rationalization. These factors are anticipated to drive the Chinese seed market at a CAGR of 2.9% during the forecast period.
  • In India, to support the development of the seed industry, the Government of India launched many schemes, such as the Seed Village Program, Integrated Scheme on Oilseeds, transport subsidy on the movement of seeds to the North Eastern States in India, and hybrid rice seed production, which support the cost of production, distribution, and transportation.​​ These factors are anticipated to drive the Indian seed market at a CAGR of 5.5% during the forecast period.
  • In Japan, urban agriculture is developing as a new trend in agriculture. The demand for fresh vegetables is spurred by health-conscious consumers across the country. As agricultural land faces constraints, urban agriculture, such as indoor farming and vertical farming practices, has been scaling up operations to address the shortage of domestically grown vegetables.
  • The Australian market is anticipated to be the fastest-growing seed market in the region, registering a CAGR of 6.0% during the forecast period. This is mainly attributed to the growing cultivation area in the country and the growing demand.
  • The various government initiatives supporting agriculture in the region are anticipated to drive the market during the forecast period.

Asia-Pacific Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Row Crops, Vegetables are covered as segments by Crop Type. Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.

  • In Asia-Pacific, hybrid seeds dominated the seed market, with a share of 70.2% in 2022 in terms of value. Out of the total hybrid seed market value, row crops accounted for an 87.1% share, whereas vegetables accounted for 12.9% in 2022.
  • The hybrid segment has a major share because of higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. In cotton, hybrids give 50% more yield than conventional varieties. The wider adaptability of hybrids is mainly due to their high buffering capacity to environmental fluctuations.​ Thus, the demand for hybrid seeds is expected to increase during the forecast period.
  • In 2022, among the row crop hybrids, transgenic hybrids accounted for 24.2% of the market share. This is attributed to their ability to produce better yields. Non-transgenic hybrids accounted for 75.8% of the market value.
  • Among hybrids, insect-resistant transgenic hybrids dominate the transgenic seed market, accounting for a share of 84.4% of the market share value in 2022. Crops with insect-resistant traits approved for cultivation in the region are corn, cotton, and rice.​
  • Open-pollinated varieties and hybrid derivatives held a market share of 29.8% in 2022 in Asia-Pacific in terms of value. In countries such as India, the government is actively promoting locally bred open-pollinated varieties by capping the prices that international seed companies can charge to help increase the usage of OPVs. ​
  • The increased availability of hybrids and improved OPVs resulted in many advantages, such as yield improvement and availability of seeds at an affordable price. These factors are estimated to drive the growth of the Asia-Pacific seed market during the forecast period.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Other Traits
Open Pollinated Varieties & Hybrid Derivatives
Cultivation Mechanism
Open Field
Protected Cultivation
Crop Type
Row Crops
Fiber Crops
Cotton
Other Fiber Crops
Forage Crops
Alfalfa
Forage Corn
Forage Sorghum
Other Forage Crops
Grains & Cereals
Corn
Rice
Sorghum
Wheat
Other Grains & Cereals
Oilseeds
Canola, Rapeseed & Mustard
Soybean
Sunflower
Other Oilseeds
Pulses
Vegetables
Brassicas
Cabbage
Carrot
Cauliflower & Broccoli
Other Brassicas
Cucurbits
Cucumber & Gherkin
Pumpkin & Squash
Other Cucurbits
Roots & Bulbs
Garlic
Onion
Potato
Other Roots & Bulbs
Solanaceae
Chilli
Eggplant
Tomato
Other Solanaceae
Unclassified Vegetables
Asparagus
Lettuce
Okra
Peas
Spinach
Other Unclassified Vegetables
Country
Australia
Bangladesh
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Seed Market Size Summary

The Asia-Pacific seed market is experiencing significant growth, driven by the dominance of hybrid seeds, which account for a substantial portion of the market due to their higher productivity and adaptability. The hybrid seed segment, particularly in row crops, is favored for its resistance to environmental stresses, with transgenic hybrids gaining traction for their superior yields. The market is further bolstered by government initiatives in countries like India and China, which promote the use of locally bred open-pollinated varieties and encourage multinational companies to introduce new technologies. These efforts, alongside the increasing demand for hybrid seeds, are expected to propel the market forward.

China leads the region's seed market, followed by India, with both countries implementing supportive policies to enhance their seed industries. The Australian market is projected to grow rapidly, fueled by expanding cultivation areas and rising demand. The region's focus on row crops, particularly rice and wheat, underscores the importance of these staples in the local diet and export markets. Additionally, the demand for forage crops like alfalfa and corn, with traits such as disease resistance and drought tolerance, is on the rise, reflecting the agricultural sector's need to adapt to changing environmental conditions. The market remains fragmented, with major players like Advanta Seeds, Bayer AG, Corteva Agriscience, Syngenta Group, and Yuan Longping High-Tech Agriculture Co. Ltd. actively introducing new seed varieties to meet evolving agricultural demands.

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Asia-Pacific Seed Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Breeding Technology

      1. 1.1.1 Hybrids

        1. 1.1.1.1 Non-Transgenic Hybrids

        2. 1.1.1.2 Transgenic Hybrids

          1. 1.1.1.2.1 Herbicide Tolerant Hybrids

          2. 1.1.1.2.2 Insect Resistant Hybrids

          3. 1.1.1.2.3 Other Traits

      2. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 Cultivation Mechanism

      1. 1.2.1 Open Field

      2. 1.2.2 Protected Cultivation

    3. 1.3 Crop Type

      1. 1.3.1 Row Crops

        1. 1.3.1.1 Fiber Crops

          1. 1.3.1.1.1 Cotton

          2. 1.3.1.1.2 Other Fiber Crops

        2. 1.3.1.2 Forage Crops

          1. 1.3.1.2.1 Alfalfa

          2. 1.3.1.2.2 Forage Corn

          3. 1.3.1.2.3 Forage Sorghum

          4. 1.3.1.2.4 Other Forage Crops

        3. 1.3.1.3 Grains & Cereals

          1. 1.3.1.3.1 Corn

          2. 1.3.1.3.2 Rice

          3. 1.3.1.3.3 Sorghum

          4. 1.3.1.3.4 Wheat

          5. 1.3.1.3.5 Other Grains & Cereals

        4. 1.3.1.4 Oilseeds

          1. 1.3.1.4.1 Canola, Rapeseed & Mustard

          2. 1.3.1.4.2 Soybean

          3. 1.3.1.4.3 Sunflower

          4. 1.3.1.4.4 Other Oilseeds

        5. 1.3.1.5 Pulses

      2. 1.3.2 Vegetables

        1. 1.3.2.1 Brassicas

          1. 1.3.2.1.1 Cabbage

          2. 1.3.2.1.2 Carrot

          3. 1.3.2.1.3 Cauliflower & Broccoli

          4. 1.3.2.1.4 Other Brassicas

        2. 1.3.2.2 Cucurbits

          1. 1.3.2.2.1 Cucumber & Gherkin

          2. 1.3.2.2.2 Pumpkin & Squash

          3. 1.3.2.2.3 Other Cucurbits

        3. 1.3.2.3 Roots & Bulbs

          1. 1.3.2.3.1 Garlic

          2. 1.3.2.3.2 Onion

          3. 1.3.2.3.3 Potato

          4. 1.3.2.3.4 Other Roots & Bulbs

        4. 1.3.2.4 Solanaceae

          1. 1.3.2.4.1 Chilli

          2. 1.3.2.4.2 Eggplant

          3. 1.3.2.4.3 Tomato

          4. 1.3.2.4.4 Other Solanaceae

        5. 1.3.2.5 Unclassified Vegetables

          1. 1.3.2.5.1 Asparagus

          2. 1.3.2.5.2 Lettuce

          3. 1.3.2.5.3 Okra

          4. 1.3.2.5.4 Peas

          5. 1.3.2.5.5 Spinach

          6. 1.3.2.5.6 Other Unclassified Vegetables

    4. 1.4 Country

      1. 1.4.1 Australia

      2. 1.4.2 Bangladesh

      3. 1.4.3 China

      4. 1.4.4 India

      5. 1.4.5 Indonesia

      6. 1.4.6 Japan

      7. 1.4.7 Myanmar

      8. 1.4.8 Pakistan

      9. 1.4.9 Philippines

      10. 1.4.10 Thailand

      11. 1.4.11 Vietnam

      12. 1.4.12 Rest of Asia-Pacific

Asia-Pacific Seed Market Size FAQs

The Asia-Pacific Seed Market size is expected to reach USD 22.29 billion in 2024 and grow at a CAGR of 3.86% to reach USD 27.97 billion by 2030.

In 2024, the Asia-Pacific Seed Market size is expected to reach USD 22.29 billion.

Asia-pacific Seed Market Report Snapshots

Asia-Pacific Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030