Market Size of asia-pacific grain seed Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 13.94 Billion |
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Market Size (2030) | USD 16.98 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 3.35 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Grain Seed Market Analysis
The Asia-Pacific Grain Seed Market size is estimated at 13.94 billion USD in 2024, and is expected to reach 16.98 billion USD by 2030, growing at a CAGR of 3.35% during the forecast period (2024-2030).
13.94 Billion
Market Size in 2024 (USD)
16.98 Billion
Market Size in 2030 (USD)
2.07 %
CAGR (2017-2023)
3.35 %
CAGR (2024-2030)
Largest Market by Crop
52.23 %
value share, Corn, 2023
An increase in the production of corn due to high ROI and an increase in the adoption of new technology helped corn to become the largest segment.
Largest Market by Country
61.44 %
value share, China, 2023
The extensive cultivation and widespread use of commercial cultivars, coupled with innovations in seed breeding by local companies, have fueled the market's growth.
Fastest-growing Market by Crop
5.67 %
Projected CAGR, Wheat, 2024-2030
It is growing due to the adoption of improved cultivars, increased domestic consumption, and the availability of other traits such as wider adaptability and short duration.
Fastest-growing Market by Country
9.10 %
Projected CAGR, Australia, 2024-2030
It is the fastest-growing country due to increasing domestic consumption, and the high demand for biofuels and animal feed for livestock has driven rapid cultivation growth in the country.
Leading Market Player
9.80 %
market share, Bayer AG, 2022
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.
The hybrid segment dominates the grain seed market due to high yield and a high degree of resistance to the biotic and abiotic stresses
- In Asia-Pacific, hybrid seeds dominate the grain seed market, with a share of 66.4% in 2022. This was mainly due to the higher yield, improved traits, and a high degree of resistance to the biotic and abiotic stresses of hybrid seeds.
- In the hybrid seed market of the region, grains held a major share of 58.2% in 2022 in terms of value. This was mainly due to the large area under grain cultivation and the large volume of seeds required for planting. The share value of grain seeds is expected to increase during the forecast period owing to the rising adoption of hybrids, especially in corn and rice.
- In hybrid seeds, the non-transgenic seed segment is estimated to be the fastest-growing segment during the forecast period, registering a CAGR of 3.1% due to the non-availability of transgenic hybrids for all the crops and the government ban on the cultivation of transgenic grain crops in many major agricultural countries including India, Australia, and Pakistan.
- Open-pollinated varieties and hybrid derivatives held 33.6% of the grain seed market value in 2022. Open-pollinated varieties are more common in grain crops due to their self-pollination characteristics, whereas the production of hybrids is comparatively difficult.
- In Asia-Pacific, among grain crops, rice dominates the open-pollinated variety's seed market value. Rice accounted for a 58.1% share of the market, followed by corn (15.3%), wheat (14.1%), other grains and cereals (10.2%), and sorghum (2.2%) in 2022.
- The increasing demand for hybrid seeds, their high-yielding potential, and the increasing cultivation are the factors anticipated to drive the market during the forecast period.
The development of hybrid varieties and higher consumption demand are increasing the area under cultivation of cereals and grains
- 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. China led the cereal production in the global market, with a volume of 633 million metric ton in 2021, and it accounted for 20.6% of the global cereal production in the same year. In 2021, corn had a major share of 42.2% of cereal production. The corn production is being used for ethanol production.
- In 2022, corn held the major share of around 52.6% of cereals and grains seed market. The majority of corn production was used in livestock feeding, with the increased livestock population and rising meat demand.
- India is the largest producer of cereal and also the largest exporter of cereal products globally. Rice (including Basmati and Non-Basmati) occupies the major share in India's total cereals export, with more than 87% during the 2021-2022 period. Other cereals, including wheat, accounted for only a 12% share of the total cereals exported from India during 2021-2022. An increase in the export potential of the crops is estimated to increase the demand for the seeds.
- Domestic and global players in Indonesia have increased their focus on the introduction of hybrid seeds over the past few years, which has significantly boosted market revenues. For instance, in 2021, Bayer Indonesia introduced Arize® H 6444 Gold, a revolutionary hybrid rice seed that simultaneously increased yields and protects against Bacterial Leaf Blight (BLB).
- With the increased consumption and demand for grains and the minimum dependency on imports, the plantation area is expanding, which is anticipated to fuel the growth of the grains seed segment during the forecast period.
Asia-Pacific 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. Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- In Asia-Pacific, hybrid seeds dominate the grain seed market, with a share of 66.4% in 2022. This was mainly due to the higher yield, improved traits, and a high degree of resistance to the biotic and abiotic stresses of hybrid seeds.
- In the hybrid seed market of the region, grains held a major share of 58.2% in 2022 in terms of value. This was mainly due to the large area under grain cultivation and the large volume of seeds required for planting. The share value of grain seeds is expected to increase during the forecast period owing to the rising adoption of hybrids, especially in corn and rice.
- In hybrid seeds, the non-transgenic seed segment is estimated to be the fastest-growing segment during the forecast period, registering a CAGR of 3.1% due to the non-availability of transgenic hybrids for all the crops and the government ban on the cultivation of transgenic grain crops in many major agricultural countries including India, Australia, and Pakistan.
- Open-pollinated varieties and hybrid derivatives held 33.6% of the grain seed market value in 2022. Open-pollinated varieties are more common in grain crops due to their self-pollination characteristics, whereas the production of hybrids is comparatively difficult.
- In Asia-Pacific, among grain crops, rice dominates the open-pollinated variety's seed market value. Rice accounted for a 58.1% share of the market, followed by corn (15.3%), wheat (14.1%), other grains and cereals (10.2%), and sorghum (2.2%) in 2022.
- The increasing demand for hybrid seeds, their high-yielding potential, and the increasing cultivation are the factors anticipated to drive the market during the forecast period.
| Breeding Technology | ||||||||
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| Open Pollinated Varieties & Hybrid Derivatives |
| Crop | |
| Corn | |
| Rice | |
| Sorghum | |
| Wheat | |
| Other Grains & Cereals |
| Country | |
| Australia | |
| Bangladesh | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Myanmar | |
| Pakistan | |
| Philippines | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
Asia-Pacific Grain Seed Market Size Summary
The Asia-Pacific grain seed market is experiencing a steady expansion, driven by the increasing adoption of hybrid seeds, which dominate the market due to their superior yield and resilience to environmental stresses. Hybrid seeds, particularly in corn and rice, are gaining traction, supported by their enhanced traits and resistance to biotic and abiotic challenges. The non-transgenic segment within hybrid seeds is anticipated to grow rapidly, influenced by regulatory restrictions on transgenic crops in key agricultural nations like India, Australia, and Pakistan. Open-pollinated varieties remain significant, especially in rice, which holds a substantial share of the market. The region's grain seed market is further bolstered by the expanding cultivation areas, favorable climatic conditions, and the rising demand for grains as staple foods, with China and India playing pivotal roles in production and export.
The market landscape is characterized by a fragmented structure, with major players such as Advanta Seeds - UPL, Bayer AG, Corteva Agriscience, Syngenta Group, and Yuan Longping High-Tech Agriculture Co. Ltd. actively contributing to market dynamics through innovations and strategic collaborations. The demand for drought-tolerant and disease-resistant seed varieties is on the rise, driven by climatic changes and pest challenges. The cultivation of key crops like rice, corn, and wheat is expanding, supported by increased acreage and the introduction of advanced seed technologies. The market's growth trajectory is further enhanced by the introduction of new seed varieties and the focus on meeting the evolving needs of growers in the region.
Asia-Pacific Grain Seed Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Breeding Technology
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1.1.1 Hybrids
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1.1.1.1 Non-Transgenic Hybrids
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1.1.1.2 Transgenic Hybrids
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1.1.1.2.1 Herbicide Tolerant Hybrids
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1.1.1.2.2 Insect Resistant Hybrids
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1.1.1.2.3 Other Traits
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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1.2 Crop
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1.2.1 Corn
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1.2.2 Rice
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1.2.3 Sorghum
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1.2.4 Wheat
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1.2.5 Other Grains & Cereals
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1.3 Country
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1.3.1 Australia
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1.3.2 Bangladesh
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1.3.3 China
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1.3.4 India
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1.3.5 Indonesia
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1.3.6 Japan
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1.3.7 Myanmar
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1.3.8 Pakistan
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1.3.9 Philippines
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1.3.10 Thailand
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1.3.11 Vietnam
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1.3.12 Rest of Asia-Pacific
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Asia-Pacific Grain Seed Market Size FAQs
How big is the Asia-Pacific Grain Seed Market?
The Asia-Pacific Grain Seed Market size is expected to reach USD 13.94 billion in 2024 and grow at a CAGR of 3.35% to reach USD 16.98 billion by 2030.
What is the current Asia-Pacific Grain Seed Market size?
In 2024, the Asia-Pacific Grain Seed Market size is expected to reach USD 13.94 billion.
