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Grain Seed Market Size

The Grain Seed Market is projected to experience significant growth over the forecast period, driven by the increasing demand for advanced seed varieties with desirable traits such as higher yields and disease resistance. Hybrids, particularly transgenic hybrids, dominate the market due to their adaptability and resistance features. The Asia-Pacific region, with its substantial reliance on non-transgenic seeds in countries like India, plays a crucial role in the market landscape. North America leads in grain production, while Europe holds a significant share in wheat production. The market's expansion is further supported by the rising demand from processing industries and the need for self-sufficiency in staple foods.

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Market Size of grain seed Industry

Grain Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 41.14 Billion
svg icon Market Size (2030) USD 55.99 Billion
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 5.27 %
svg icon Largest Share by Region North America
svg icon Market Concentration Medium

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

Key Players

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Grain Seed Market Analysis

The Grain Seed Market size is estimated at 41.14 billion USD in 2024, and is expected to reach 55.99 billion USD by 2030, growing at a CAGR of 5.27% during the forecast period (2024-2030).

41.14 Billion

Market Size in 2024 (USD)

55.99 Billion

Market Size in 2030 (USD)

4.87 %

CAGR (2017-2023)

5.27 %

CAGR (2024-2030)

Largest Market by Crop

58.50 %

value share, Corn, 2023

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The increase in the demand for corn is due to the high-value crops, high returns on investment, and an increase in the demand for biofuel production by the lubricants industry.

Largest Market by Country

28.64 %

value share, United States, 2023

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The country is the second-largest producer of grains globally, with corn and wheat being the major contributors. The country is the leading producer of biofuel globally.

Fastest-growing Market by Crop

6.14 %

Projected CAGR, Sorghum, 2024-2030

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The market expansion for sorghum seeds is driven by the crop's ability to adapt to changing weather conditions and an increase in the demand for animal feed by dairy farmers.

Fastest-growing Market by Country

9.10 %

Projected CAGR, Australia, 2024-2030

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It is the fastest growing as the growers increased corn cultivation for a high ROI, and the government support to boost domestic production and reduce imports fuels this growth.

Leading Market Player

17.42 %

market share, Bayer AG, 2022

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Bayer AG is the leader in the global seed market due to its product innovations, investments in research and development, and partnerships with regional players.

Hybrids dominated the grain seed market due to higher yield and adoption of GM crops in major growing countries

  • Hybrids dominated the global grain seed market in 2022, capturing a significant 64.1% share. This dominance can be attributed to their desirable traits, including higher yields, insect resistance, herbicide tolerance, and drought tolerance.
  • Within the hybrid category, transgenic crops accounted for 49.3% of the market's value, while transgenic hybrids claimed a slightly higher share of 50.6%. In 2022, Asia-Pacific emerged as the leader in non-transgenic grain seeds, commanding a sizable 55.4% market share. Notably, countries like India, with restrictions on genetically modified (GM) food crops, heavily rely on non-transgenic hybrids to bolster farm productivity.
  • Within the transgenic hybrid segment, herbicide-tolerant hybrids took the lion's share, reaching 51% in 2022. Herbicide-tolerant seeds are exclusively authorized for rice and corn cultivation. GM corn, for instance, incorporates a gene from a bacterium, rendering it resistant to a range of broad-spectrum herbicides.
  • Globally, open-pollinated varieties and hybrid derivatives accounted for 35.9% of the grains and cereals seed market in 2022. In this landscape, Asia-Pacific emerged as a key consumer, claiming 32.5% of the open-pollinated varieties of the global grain seed market in 2022.
  • Companies are significantly investing in new plant technologies to meet the rising demand for advanced varieties. These sought-after varieties exhibit adaptability to diverse climates, high yield potential, disease resistance, and drought tolerance. The availability of such improved traits in new varieties is expected to drive seed demand in the coming years.
Global Grain Seed Market

Corn dominates the grain and cereal seed market due to high demand from the processing industry and commercial usage of seeds

  • The grains and cereals segment was the largest segment, and it accounted for 56.4% of the global seed market in 2022. The market value is estimated to grow by 43.7% between 2023 and 2030. Corn was the major grains and cereals crop. It accounted for a market value of USD 21.8 billion in 2022. It is mainly associated with higher demand from the processing industry in ethanol production.
  • North America is the leading producer of grains. In 2022, grains and cereals accounted for 57.6% of the North American seed market. The total acreage under grains and cereals in the region in 2022 was 82.7 million hectares, which increased by 1.3% compared to 2021 due to an increase in the processing facilities and governments pushing the adoption of self-sufficiency as grains and cereals are the staple food in the diet.
  • In Asia-Pacific, China has the largest grain seed market, and it accounted for 62% in terms of value in 2022, with a market value of USD 8.0 billion. ​In 2022, Asia-Pacific held about 74.3% of the global rice seed market. China and India accounted for about 37.6% of the global rice seed market in 2022 due to high consumption (about 65% of the population consumes rice in these countries).
  • Europe was the largest wheat producer globally, accounting for 45.3% of the global wheat seed market in 2022. France, Germany, the United Kingdom, Ukraine, and Russia held the largest share in the region, accounting for 30.1% of the global wheat seed market in 2022.
  • The increased demand for grains and cereals from processing industries, higher export value for the crops, and an increase in the population are the factors estimated to drive the seed market value during the forecast period.

Grain Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Corn, Rice, Sorghum, Wheat are covered as segments by Crop. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Hybrids dominated the global grain seed market in 2022, capturing a significant 64.1% share. This dominance can be attributed to their desirable traits, including higher yields, insect resistance, herbicide tolerance, and drought tolerance.
  • Within the hybrid category, transgenic crops accounted for 49.3% of the market's value, while transgenic hybrids claimed a slightly higher share of 50.6%. In 2022, Asia-Pacific emerged as the leader in non-transgenic grain seeds, commanding a sizable 55.4% market share. Notably, countries like India, with restrictions on genetically modified (GM) food crops, heavily rely on non-transgenic hybrids to bolster farm productivity.
  • Within the transgenic hybrid segment, herbicide-tolerant hybrids took the lion's share, reaching 51% in 2022. Herbicide-tolerant seeds are exclusively authorized for rice and corn cultivation. GM corn, for instance, incorporates a gene from a bacterium, rendering it resistant to a range of broad-spectrum herbicides.
  • Globally, open-pollinated varieties and hybrid derivatives accounted for 35.9% of the grains and cereals seed market in 2022. In this landscape, Asia-Pacific emerged as a key consumer, claiming 32.5% of the open-pollinated varieties of the global grain seed market in 2022.
  • Companies are significantly investing in new plant technologies to meet the rising demand for advanced varieties. These sought-after varieties exhibit adaptability to diverse climates, high yield potential, disease resistance, and drought tolerance. The availability of such improved traits in new varieties is expected to drive seed demand in the coming years.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Other Traits
Open Pollinated Varieties & Hybrid Derivatives
Crop
Corn
Rice
Sorghum
Wheat
Other Grains & Cereals
Region
Africa
By Breeding Technology
By Crop
By Country
Egypt
Ethiopia
Ghana
Kenya
Nigeria
South Africa
Tanzania
Rest of Africa
Asia-Pacific
By Breeding Technology
By Crop
By Country
Australia
Bangladesh
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Breeding Technology
By Crop
By Country
France
Germany
Italy
Netherlands
Poland
Romania
Russia
Spain
Turkey
Ukraine
United Kingdom
Rest of Europe
Middle East
By Breeding Technology
By Crop
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Breeding Technology
By Crop
By Country
Canada
Mexico
United States
Rest of North America
South America
By Breeding Technology
By Crop
By Country
Argentina
Brazil
Rest of South America
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Grain Seed Market Size Summary

The grain seed market is poised for significant growth, driven by the increasing demand for advanced seed varieties that offer higher yields, disease resistance, and adaptability to diverse climates. Hybrids have dominated the market, particularly transgenic crops, which are favored for their enhanced traits such as insect resistance and herbicide tolerance. The Asia-Pacific region, especially countries like China and India, plays a crucial role in the market, with a strong reliance on non-transgenic hybrids due to restrictions on genetically modified crops. The grains and cereals segment is the largest, with corn, wheat, and rice being the primary crops, reflecting their widespread cultivation and demand from processing industries. The market's expansion is further supported by investments in new plant technologies and the development of drought-tolerant varieties to address challenges posed by climate change.

North America leads in grain production, with a significant portion of its seed market dedicated to grains and cereals. The region's focus on self-sufficiency and the establishment of processing facilities have contributed to the growth of this segment. In Europe, wheat production is prominent, with several countries holding substantial shares of the global wheat seed market. The introduction of new seed varieties by industry leaders like Bayer AG, Corteva Agriscience, and Syngenta Group is expected to drive market growth, addressing issues such as water scarcity and pest challenges. The market is moderately consolidated, with major players holding a significant share, and ongoing innovations in seed technology are anticipated to meet the rising global demand for grains as staple foods.

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Grain 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 Crop

      1. 1.2.1 Corn

      2. 1.2.2 Rice

      3. 1.2.3 Sorghum

      4. 1.2.4 Wheat

      5. 1.2.5 Other Grains & Cereals

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Breeding Technology

        2. 1.3.1.2 By Crop

        3. 1.3.1.3 By Country

          1. 1.3.1.3.1 Egypt

          2. 1.3.1.3.2 Ethiopia

          3. 1.3.1.3.3 Ghana

          4. 1.3.1.3.4 Kenya

          5. 1.3.1.3.5 Nigeria

          6. 1.3.1.3.6 South Africa

          7. 1.3.1.3.7 Tanzania

          8. 1.3.1.3.8 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Breeding Technology

        2. 1.3.2.2 By Crop

        3. 1.3.2.3 By Country

          1. 1.3.2.3.1 Australia

          2. 1.3.2.3.2 Bangladesh

          3. 1.3.2.3.3 China

          4. 1.3.2.3.4 India

          5. 1.3.2.3.5 Indonesia

          6. 1.3.2.3.6 Japan

          7. 1.3.2.3.7 Myanmar

          8. 1.3.2.3.8 Pakistan

          9. 1.3.2.3.9 Philippines

          10. 1.3.2.3.10 Thailand

          11. 1.3.2.3.11 Vietnam

          12. 1.3.2.3.12 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Breeding Technology

        2. 1.3.3.2 By Crop

        3. 1.3.3.3 By Country

          1. 1.3.3.3.1 France

          2. 1.3.3.3.2 Germany

          3. 1.3.3.3.3 Italy

          4. 1.3.3.3.4 Netherlands

          5. 1.3.3.3.5 Poland

          6. 1.3.3.3.6 Romania

          7. 1.3.3.3.7 Russia

          8. 1.3.3.3.8 Spain

          9. 1.3.3.3.9 Turkey

          10. 1.3.3.3.10 Ukraine

          11. 1.3.3.3.11 United Kingdom

          12. 1.3.3.3.12 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Breeding Technology

        2. 1.3.4.2 By Crop

        3. 1.3.4.3 By Country

          1. 1.3.4.3.1 Iran

          2. 1.3.4.3.2 Saudi Arabia

          3. 1.3.4.3.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Breeding Technology

        2. 1.3.5.2 By Crop

        3. 1.3.5.3 By Country

          1. 1.3.5.3.1 Canada

          2. 1.3.5.3.2 Mexico

          3. 1.3.5.3.3 United States

          4. 1.3.5.3.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Breeding Technology

        2. 1.3.6.2 By Crop

        3. 1.3.6.3 By Country

          1. 1.3.6.3.1 Argentina

          2. 1.3.6.3.2 Brazil

          3. 1.3.6.3.3 Rest of South America

Grain Seed Market Size FAQs

The Global Grain Seed Market size is expected to reach USD 41.14 billion in 2024 and grow at a CAGR of 5.27% to reach USD 55.99 billion by 2030.

In 2024, the Global Grain Seed Market size is expected to reach USD 41.14 billion.

Grain Seed Market Report Snapshots

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