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Maize Seed Market Size

The maize seed market is projected to experience significant growth, driven by the increasing adoption of high-yielding and hybrid varieties. The market's expansion is supported by the rising demand for maize as a primary food source and its crucial role in the livestock industry. North America, particularly the United States, holds a substantial portion of the market, benefiting from advanced corn productivity and the widespread use of genetically modified seeds. The Asia-Pacific region, led by China and India, also shows considerable market size due to improved cultivars and increased corn cultivation. In Europe, France is leading with a growing market share, attributed to an expanding sowing area and a preference for commercial seeds. The overall market size is expected to grow as private companies focus on developing stress-tolerant and disease-resistant maize seed varieties.

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Market Size of maize seed Industry

Maize Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 24.08 Billion
svg icon Market Size (2030) USD 33.19 Billion
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 5.49 %
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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Maize Seed Market Analysis

The Maize Seed Market size is estimated at 24.08 billion USD in 2024, and is expected to reach 33.19 billion USD by 2030, growing at a CAGR of 5.49% during the forecast period (2024-2030).

24.08 Billion

Market Size in 2024 (USD)

33.19 Billion

Market Size in 2030 (USD)

4.40 %

CAGR (2017-2023)

5.49 %

CAGR (2024-2030)

Largest Market by Breeding Technology

90.81 %

value share, Hybrids, 2023

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There is an increase in the demand for hybrid seeds due to higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses.

Largest Market by Country

42.36 %

value share, United States, 2023

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The United States is the largest country because of an increase in exports, the leading producer of corn, and an increase in the demand for biofuel extraction.

Fastest-growing Market by Breeding Technology

5.76 %

Projected CAGR, Open Pollinated Varieties & Hybrid Derivatives, 2024-2030

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Open-pollinated varieties require fewer inputs, such as fertilizers and pesticides, are less expensive than hybrid seeds, and are more affordable for low-income farmers.

Fastest-growing Market by Country

11.51 %

Projected CAGR, Saudi Arabia, 2024-2030

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Saudi Arabia is the fastest-growing country due to the increase in the adoption of improved seeds, the increase in market prices, and the demand from the neighboring countries for ethanol.

Leading Market Player

29.79 %

market share, Bayer AG, 2022

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The company has made extensive product innovations and partnerships. It also launched its next generation of corn rootworm (CRW) trait technology and herbicide-tolerant seeds.

Hybrids dominate the global maize seed market due to increased adoption by farmers and the growing approvals of transgenic hybrids in major producing countries

  • In 2022, hybrids held a significant share of 90.8% of the global maize seed market by value, which increased by 20.8% between 2017 and 2022. This is because the demand for hybrids is increasing in line with the growth in the availability of a variety of traits in maize.
  • In 2022, open-pollinated varieties and hybrid derivatives accounted for only 9.2% of the global maize seed market by value. In North America, the United States dominated, accounting for 89.5% of the regional OPV seed market, followed by Mexico with a 6.8% market share.
  • Non-transgenic hybrids accounted for 41.9% of the global maize seed market by value in 2022, which increased by 10.6% between 2017 and 2022. This is because of growing consumer demand for food products perceived as natural and free from genetically modified organisms (GMOs). Additionally, some countries have strict regulations regarding the use and labeling of GMOs. This has led to increased interest in non-transgenic seeds.
  • Transgenic hybrids are estimated to grow, registering a CAGR of 6.6% during the forecast period. The increased yield potential and reduced input costs associated with transgenic crops can lead to an increase in the adoption of these traits. The herbicide-tolerant corn seed segment accounted for the majority of the transgenic corn seed market because weeds reduce crop production and affect growers' profits by 30-40%, owing to crop damage. ​ In South America, the usage of hybrids is 100%. GM maize hybrids were fully approved by the major producing countries in the region and insect- and herbicide-resistant corn seeds are widely available across the region.
  • The ​increasing availability of a variety of traits in hybrids and the growing adoption of hybrids by farmers are estimated to drive the segment during 2023-2030.
Global Maize Seed Market

North America dominated the global maize seed market due to higher area under cultivation and higher adoption of transgenic hybrids

  • In 2022, maize seeds represented a significant portion of the global grain and cereal seeds market, with a 65.0% share. The maize seed market is anticipated to grow by 26.5% during the forecast period, fueled by the rising adoption of high-yielding maize varieties, the crop's role as a primary food source, and escalating demand from the livestock industry.
  • North America, led by the United States, held the largest share of the global maize seed market in 2022. The country alone accounted for 39.6% of the market's value, benefiting from its high corn productivity per acre, owing to the widespread adoption of hybrids and genetically modified (GM) corn.
  • Asia-Pacific was the second-largest maize seed market. The major countries in the region are China and India, which together accounted for 26.2% of the global maize seed market in 2022. The acreage under corn cultivation in China was 42.4 million ha in 2017, which increased to 43.7 million ha in 2022. The increase in area and production was mainly driven by the increased yield due to the usage of improved cultivars in the country. This advancement in cultivar development has led to a surge in seed demand across the region.
  • France emerged as the leader in Europe's maize seed market, capturing 3.6% of the global share. This share is steadily rising, driven by an expanding sowing area and a growing preference for commercial seeds.
  • During the forecast period, the maize seed market's growth is expected to be propelled by the increasing availability of high-yielding varieties and private companies' focus on developing stress-tolerant and disease-resistant strains.

Maize Seed Industry Segmentation

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

  • In 2022, hybrids held a significant share of 90.8% of the global maize seed market by value, which increased by 20.8% between 2017 and 2022. This is because the demand for hybrids is increasing in line with the growth in the availability of a variety of traits in maize.
  • In 2022, open-pollinated varieties and hybrid derivatives accounted for only 9.2% of the global maize seed market by value. In North America, the United States dominated, accounting for 89.5% of the regional OPV seed market, followed by Mexico with a 6.8% market share.
  • Non-transgenic hybrids accounted for 41.9% of the global maize seed market by value in 2022, which increased by 10.6% between 2017 and 2022. This is because of growing consumer demand for food products perceived as natural and free from genetically modified organisms (GMOs). Additionally, some countries have strict regulations regarding the use and labeling of GMOs. This has led to increased interest in non-transgenic seeds.
  • Transgenic hybrids are estimated to grow, registering a CAGR of 6.6% during the forecast period. The increased yield potential and reduced input costs associated with transgenic crops can lead to an increase in the adoption of these traits. The herbicide-tolerant corn seed segment accounted for the majority of the transgenic corn seed market because weeds reduce crop production and affect growers' profits by 30-40%, owing to crop damage. ​ In South America, the usage of hybrids is 100%. GM maize hybrids were fully approved by the major producing countries in the region and insect- and herbicide-resistant corn seeds are widely available across the region.
  • The ​increasing availability of a variety of traits in hybrids and the growing adoption of hybrids by farmers are estimated to drive the segment during 2023-2030.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Other Traits
Open Pollinated Varieties & Hybrid Derivatives
Region
Africa
By Breeding Technology
By Country
Egypt
Ethiopia
Ghana
Kenya
Nigeria
South Africa
Tanzania
Rest of Africa
Asia-Pacific
By Breeding Technology
By Country
Australia
Bangladesh
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Breeding Technology
By Country
France
Germany
Italy
Netherlands
Poland
Romania
Russia
Spain
Turkey
Ukraine
United Kingdom
Rest of Europe
Middle East
By Breeding Technology
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Breeding Technology
By Country
Canada
Mexico
United States
Rest of North America
South America
By Breeding Technology
By Country
Argentina
Brazil
Rest of South America
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Maize Seed Market Size Summary

The maize seed market is poised for significant growth, driven by the increasing adoption of high-yielding and genetically modified varieties. Hybrids dominate the market, accounting for a substantial share due to their enhanced traits and growing demand. The market is characterized by a shift towards non-transgenic hybrids, spurred by consumer preferences for natural products and regulatory constraints in certain regions. Transgenic hybrids are also expected to see growth, offering benefits like increased yield potential and reduced input costs. The market's expansion is further supported by the rising demand for maize as a primary food source and its critical role in the livestock industry. North America, particularly the United States, leads the market, benefiting from high corn productivity and widespread adoption of advanced seed varieties.

Globally, maize cultivation is expanding, with Asia-Pacific and North America being key regions. The demand for maize is fueled by a growing global population and rising incomes, prompting farmers to increase their cultivation areas. The market is moderately consolidated, with major players like Bayer AG, Corteva Agriscience, and Syngenta Group leading the charge in developing innovative seed traits to combat challenges such as pests, diseases, and adverse climatic conditions. These companies are actively introducing new seed varieties and technologies to enhance crop resilience and productivity. The market's growth trajectory is supported by favorable market prices, climatic conditions, and the ongoing development of stress-tolerant and disease-resistant strains, ensuring maize remains a versatile and valuable crop globally.

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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. 1.1.1.2 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 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Breeding Technology

        2. 1.2.1.2 By Country

          1. 1.2.1.2.1 Egypt

          2. 1.2.1.2.2 Ethiopia

          3. 1.2.1.2.3 Ghana

          4. 1.2.1.2.4 Kenya

          5. 1.2.1.2.5 Nigeria

          6. 1.2.1.2.6 South Africa

          7. 1.2.1.2.7 Tanzania

          8. 1.2.1.2.8 Rest of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Breeding Technology

        2. 1.2.2.2 By Country

          1. 1.2.2.2.1 Australia

          2. 1.2.2.2.2 Bangladesh

          3. 1.2.2.2.3 China

          4. 1.2.2.2.4 India

          5. 1.2.2.2.5 Indonesia

          6. 1.2.2.2.6 Japan

          7. 1.2.2.2.7 Myanmar

          8. 1.2.2.2.8 Pakistan

          9. 1.2.2.2.9 Philippines

          10. 1.2.2.2.10 Thailand

          11. 1.2.2.2.11 Vietnam

          12. 1.2.2.2.12 Rest of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Breeding Technology

        2. 1.2.3.2 By Country

          1. 1.2.3.2.1 France

          2. 1.2.3.2.2 Germany

          3. 1.2.3.2.3 Italy

          4. 1.2.3.2.4 Netherlands

          5. 1.2.3.2.5 Poland

          6. 1.2.3.2.6 Romania

          7. 1.2.3.2.7 Russia

          8. 1.2.3.2.8 Spain

          9. 1.2.3.2.9 Turkey

          10. 1.2.3.2.10 Ukraine

          11. 1.2.3.2.11 United Kingdom

          12. 1.2.3.2.12 Rest of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Breeding Technology

        2. 1.2.4.2 By Country

          1. 1.2.4.2.1 Iran

          2. 1.2.4.2.2 Saudi Arabia

          3. 1.2.4.2.3 Rest of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Breeding Technology

        2. 1.2.5.2 By Country

          1. 1.2.5.2.1 Canada

          2. 1.2.5.2.2 Mexico

          3. 1.2.5.2.3 United States

          4. 1.2.5.2.4 Rest of North America

      6. 1.2.6 South America

        1. 1.2.6.1 By Breeding Technology

        2. 1.2.6.2 By Country

          1. 1.2.6.2.1 Argentina

          2. 1.2.6.2.2 Brazil

          3. 1.2.6.2.3 Rest of South America

Maize Seed Market Size FAQs

The Global Maize Seed Market size is expected to reach USD 24.08 billion in 2024 and grow at a CAGR of 5.49% to reach USD 33.19 billion by 2030.

In 2024, the Global Maize Seed Market size is expected to reach USD 24.08 billion.

Maize Seed Market Report Snapshots

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