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India Maize Seed Market Size

The India Maize Seed Market is experiencing significant growth, with a notable emphasis on hybrid seeds, which dominate the market due to their superior traits such as higher yields, disease resistance, and drought tolerance. This preference is driven by the increasing demand for high-yielding cultivars, particularly for use as animal feed and in nutritionally enhanced foods. The market's expansion is further supported by the widespread adoption of hybrid seeds in major Indian states, where hybridization rates are exceptionally high. Despite the presence of open-pollinated varieties, which offer lower yields, the trend towards hybridization continues to shape the market's trajectory.

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Market Size of india maize seed Industry

India Maize Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 340.1 Million
svg icon Market Size (2030) USD 475.2 Million
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 5.73 %
svg icon Fastest Growing by Breeding Technology Hybrids
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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India Maize Seed Market Analysis

The India Maize Seed Market size is estimated at 340.1 million USD in 2024, and is expected to reach 475.2 million USD by 2030, growing at a CAGR of 5.73% during the forecast period (2024-2030).

340.1 Million

Market Size in 2024 (USD)

475.2 Million

Market Size in 2030 (USD)

7.47 %

CAGR (2017-2023)

5.73 %

CAGR (2024-2030)

Largest Market by Breeding Technology

66.01 %

value share, Hybrids, 2023

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There is an increase in the demand for hybrid seeds due to an increase in the cultivation area under hybrid seeds and the availability of improved hybrid seed varieties.

Fastest-growing Market by Breeding Technology

5.98 %

Projected CAGR, Hybrids, 2024-2030

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The major companies are developing new hybrids, and the adoption of hybrids is high due to disease resistance, increased shelf life, high yield, and wider adaptability.

Leading Market Player1

19.85 %

market share, Bayer AG, 2022

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The company has made extensive product innovations and effective partnerships. It introduced new high-yielding hybrid varieties, including corn seeds, in India.

Leading Market Player2

12.13 %

market share, Syngenta Group, 2022

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Syngenta Group has been a prominent player in the maize seed market, with continuous product developments and innovations. The company launched 11 new seed varieties of corn.

Leading Market Player3

9.45 %

market share, Corteva Agriscience, 2022

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Corteva Agriscience is primarily focused on extensive product innovations in the country. Recently, it launched a new seed brand called Brevant for corn farmers in India.

Hybrids have emerged as the dominant choice in the Indian maize seed market, primarily for their high-yield potential and resilience against biotic and abiotic stressors

  • In 2022, hybrid seeds dominated the Indian maize seed market, accounting for 65.8% of its value, while open-pollinated varieties made up the remaining 34.2%. This preference for hybrids is primarily driven by their widespread adoption in larger Indian states.
  • Hybrid maize occupied over 60% of India's total maize cultivation area in 2022. This surge in demand for high-yielding cultivars is fueled by maize's increasing use as animal feed and consumers' growing interest in nutritionally enhanced foods.
  • According to the Federation of Indian Chambers of Commerce and Industry (FICCI), hybridization rates in the Indian maize market range from 23% to 100%. Bihar and Tamil Nadu lead the pack with 100% hybridization rates, while the remaining regions predominantly cultivate open-pollinated seed varieties.
  • Hybrid maize exhibits several desirable traits, including uniform cobbs, resistance to diseases, pests, and drought, as well as superior grain quality and higher cob counts. These attributes contribute to their higher yields, thus driving the demand for hybrids.
  • Key players in the market, like Bioseed, are actively introducing new hybrid varieties to meet the growing demand. In 2022, Bioseed launched its latest corn hybrid, 9792, in the Indian market.
  • Open-pollinated varieties face limitations, such as lower yields compared to hybrids and reduced vigor, as the same seed offspring is used in subsequent seasons.
  • Given their higher yields, disease resistance, and the ongoing trend of hybridization, the hybrid seed segment in the maize market is projected to register a CAGR of 5.9% during the forecast period.
India Maize Seed Market

India Maize Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Andhra Pradesh, Bihar, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal are covered as segments by State.

  • In 2022, hybrid seeds dominated the Indian maize seed market, accounting for 65.8% of its value, while open-pollinated varieties made up the remaining 34.2%. This preference for hybrids is primarily driven by their widespread adoption in larger Indian states.
  • Hybrid maize occupied over 60% of India's total maize cultivation area in 2022. This surge in demand for high-yielding cultivars is fueled by maize's increasing use as animal feed and consumers' growing interest in nutritionally enhanced foods.
  • According to the Federation of Indian Chambers of Commerce and Industry (FICCI), hybridization rates in the Indian maize market range from 23% to 100%. Bihar and Tamil Nadu lead the pack with 100% hybridization rates, while the remaining regions predominantly cultivate open-pollinated seed varieties.
  • Hybrid maize exhibits several desirable traits, including uniform cobbs, resistance to diseases, pests, and drought, as well as superior grain quality and higher cob counts. These attributes contribute to their higher yields, thus driving the demand for hybrids.
  • Key players in the market, like Bioseed, are actively introducing new hybrid varieties to meet the growing demand. In 2022, Bioseed launched its latest corn hybrid, 9792, in the Indian market.
  • Open-pollinated varieties face limitations, such as lower yields compared to hybrids and reduced vigor, as the same seed offspring is used in subsequent seasons.
  • Given their higher yields, disease resistance, and the ongoing trend of hybridization, the hybrid seed segment in the maize market is projected to register a CAGR of 5.9% during the forecast period.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Open Pollinated Varieties & Hybrid Derivatives
State
Andhra Pradesh
Bihar
Karnataka
Madhya Pradesh
Maharashtra
Rajasthan
Tamil Nadu
Telangana
Uttar Pradesh
West Bengal
Other States
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India Maize Seed Market Size Summary

The India maize seed market is experiencing a significant transformation, driven by the increasing adoption of hybrid seeds, which dominate the market due to their superior traits such as higher yields, disease resistance, and adaptability to diverse agro-climatic conditions. The preference for hybrid seeds is particularly strong in larger Indian states, where they occupy a substantial portion of the maize cultivation area. This shift towards hybridization is fueled by the growing demand for maize as animal feed and the rising interest in nutritionally enhanced foods. Key players in the market, including Bioseed, Bayer AG, and Corteva Agriscience, are actively introducing new hybrid varieties to meet this demand, leveraging advancements in seed technology to enhance productivity and resistance to pests and diseases.

The maize seed market in India is poised for growth, supported by favorable agro-climatic conditions and the increasing viability of winter maize cultivation. Despite a historical decline in maize cultivation area due to the shift towards high-profit crops like soybean and canola, the demand for maize seeds is expected to rise, driven by the crop's high profitability and the need for specific traits such as weed control and early maturity. The market is moderately consolidated, with major players holding a significant share, and ongoing innovations in seed technology are expected to further bolster market growth. As farmers increasingly turn to improved seed varieties to mitigate losses and enhance yields, the market is set to expand, addressing challenges posed by pests and changing weather patterns.

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India Maize 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. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 State

      1. 1.2.1 Andhra Pradesh

      2. 1.2.2 Bihar

      3. 1.2.3 Karnataka

      4. 1.2.4 Madhya Pradesh

      5. 1.2.5 Maharashtra

      6. 1.2.6 Rajasthan

      7. 1.2.7 Tamil Nadu

      8. 1.2.8 Telangana

      9. 1.2.9 Uttar Pradesh

      10. 1.2.10 West Bengal

      11. 1.2.11 Other States

India Maize Seed Market Size FAQs

The India Maize Seed Market size is expected to reach USD 340.10 million in 2024 and grow at a CAGR of 5.73% to reach USD 475.18 million by 2030.

In 2024, the India Maize Seed Market size is expected to reach USD 340.10 million.

India Maize Seed Market Report Snapshots

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