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South Africa Seed Market Size (2024 - 2029)

The South Africa Seed Market is projected to experience growth over the forecast period, driven by the need to enhance agricultural productivity due to rising consumption and population growth. The market's expansion is supported by the country's mature seed industry, which is regulated by SANSOR and comprises numerous seed companies catering to commercial farmers. Additionally, increased seed exports from South Africa contribute to the market's growth trajectory.

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Market Size of South Africa Seed Industry

South Africa Seed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.84 Billion
Market Size (2029) USD 1.01 Billion
CAGR (2024 - 2029) 3.92 %
Market Concentration Medium

Major Players

South Africa Seed Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Africa Seeds Market Analysis

The South Africa Seed Market size is estimated at USD 0.84 billion in 2024, and is expected to reach USD 1.01 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).

Maize is the country's most important crop, followed by wheat. This increasing consumption, along with the increasing population, is necessitating an increase in productivity driving the demand for commercial seeds in the country. The seed industry in South Africa is quite mature and serves commercial farmers with over 100 seed companies that are a part of SANSOR, which regulates seed certification in South Africa. Increasing exports from the country is another factor that is driving the growth of the seed market.

South Africa Seeds Industry Segmentation

The report gives an insight into the South African seed market segmentation by types of Seeds used into conventional Seed, Hybrid Seed, and GM seed, and by crop type into grain and cereal, pulse, vegetable, and oilseed. Along with the competitive analysis, which will include the profiles of major players (company overview, product portfolio, key developments, such as merger and acquisition, product innovation, and R&D) operating in the market, the report includes an analysis of the growth, trends, and forecasts (2024 - 2029).

Crop Type
Grain and Cereal
Pulse
Vegetables
Oilseed
Types of Seeds
Conventional Seeds
Hybrid Seeds
GM Seeds
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South Africa Seed Market Size Summary

The South Africa seed market is poised for growth, driven by the increasing demand for commercial seeds due to rising population and consumption needs, particularly for staple crops like maize and wheat. The seed industry is well-established, with over a hundred companies operating under the South African National Seed Organization (SANSOR), which oversees seed certification. This mature market is further bolstered by the country's expanding export activities. The grains and cereal seeds segment is a significant contributor to the market, reflecting the necessity for enhanced productivity amid shrinking arable land and limited access to certified seeds for smallholders, as reported by COMESA.

The seed sector in South Africa, while slightly fragmented, is characterized by intense competition among leading companies such as Monsanto South Africa, Corteva Agriscience, Capstone Seeds, and Syngenta Seed S.A. These companies are actively engaged in developing new seed varieties and employing strategies like mergers, acquisitions, and research to maintain their competitive edge. The market's growth is supported by initiatives from the Agriculture, Forestry, and Fisheries Department, which aims to increase financial support for emerging producers. Recent developments include the introduction of genetically modified maize hybrids by Capstone Seeds and new corn seed varieties by Bayer AG, highlighting the ongoing innovation within the industry.

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South Africa Seed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Crop Type

      1. 2.1.1 Grain and Cereal

      2. 2.1.2 Pulse

      3. 2.1.3 Vegetables

      4. 2.1.4 Oilseed

    2. 2.2 Types of Seeds

      1. 2.2.1 Conventional Seeds

      2. 2.2.2 Hybrid Seeds

      3. 2.2.3 GM Seeds

South Africa Seed Market Size FAQs

The South Africa Seed Market size is expected to reach USD 0.84 billion in 2024 and grow at a CAGR of 3.92% to reach USD 1.01 billion by 2029.

In 2024, the South Africa Seed Market size is expected to reach USD 0.84 billion.

South Africa Seeds Market Report Snapshots

South Africa Seed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)