Asia-Pacific Maize Seed Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 7.22 Billion |
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Market Size (2030) | USD 8.4 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 2.55 % |
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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 Maize Seed Market Analysis
The Asia-Pacific Maize Seed Market size is estimated at 7.22 billion USD in 2024, and is expected to reach 8.4 billion USD by 2030, growing at a CAGR of 2.55% during the forecast period (2024-2030).
7.22 Billion
Market Size in 2024 (USD)
8.4 Billion
Market Size in 2030 (USD)
-0.20 %
CAGR (2017-2023)
2.55 %
CAGR (2024-2030)
Largest Market by Breeding Technology
91.12 %
value share, Hybrids, 2023
The high share of hybrids is due to their benefits such as high yield, drought tolerance, and abiotic stress tolerance. The growers prefer to use them to minimize crop losses.
Largest Market by Country
82.69 %
value share, China, 2023
The increase in the demand for food from the growing population, high corn production, high adoption of hybrid seeds, and demand from other countries for biofuel production boost the country's growth.
Fastest-growing Market by Breeding Technology
3.41 %
Projected CAGR, Open Pollinated Varieties & Hybrid Derivatives, 2024-2030
The low cost of OPVs, high adoption to local conditions, and ease of production using OPVs are the major factors driving the demand for OPVs in corn cultivation.
Fastest-growing Market by Country
7.19 %
Projected CAGR, Thailand, 2024-2030
Increasing government support and rising demand for livestock from the feed industry have significantly accelerated the country's maize seed market's growth.
Leading Market Player
17.60 %
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.
Increased demand for high-quality seed varieties with resistance to diseases is driving the hybrid segment in Asia-Pacific
- In Asia-Pacific, hybrid seeds dominated the maize seed market by volume and value compared to open-pollinated varieties and hybrid derivatives. In 2022, hybrid maize seeds held a 91.3% share of the maize seed market. Hybrid seeds produced in the region for maize are resistant to viral diseases, bacterial diseases, wider adaptability, abiotic stress tolerance, and quality traits such as color, height, and the number of grains per cob.
- In the hybrid seed segment, non-transgenic maize seeds dominated the market, with a share of 83.3% in 2022. The cultivation of transgenic maize is not approved in many major maize-producing countries, except China, Vietnam, Japan, and Pakistan.
- The market declined by 2.8% from 2017 to 2022 due to the decrease in the cultivation area in major countries such as China and India, as well as unfavorable conditions during the same period. For instance, the area of cultivation for corn in China and India decreased by 0.6% and 2.6% during the historical period, respectively.
- In 2022, open-pollinated varieties and hybrid derivatives accounted for 8.7% of the maize market, less than hybrid seeds. China and India are the major cultivators of open-pollinated varieties, with a share of 67.8% in the same period, as they are not highly resistant to diseases such as leaf rot and bacterial diseases. Moreover, a significant constraint in cultivating corn using open-pollinated seed varieties is that they provide lower yields and lower productivity than hybrids.
- Due to major factors such as high yield, high resistance to diseases, and an increase in hybridization, the hybrid seed segment in the maize market is projected to register a CAGR of 2.5% during the forecast period.
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China dominated the Asia-Pacific maize seed market by accounting for an 82.7% share due to higher adoption of hybrids and a larger area under cultivation
- Maize is one of the major crops grown in Asia-Pacific. China leads the maize seed market in the region, accounting for 82.7% in 2022, followed by India (4.4%), Indonesia (3.7%), and the Philippines (2.2%).
- In China, there has been an increase in maize area in the major production provinces of Heilongjiang, Jilin, Henan, Inner Mongolia, Shandong, and Hebei in recent years. The acreage under maize cultivation was 20.9 million hectares in 2017, which increased to 24.1 million hectares in 2022. The production increased from 257 million metric ton to more than 272 million metric ton between 2017 and 2021. The increase in the adoption of maize compared to other competitive crops led to the rising demand for maize seeds in the country.
- India is the second major producer of maize in the region. In India, maize production accounted for 30.16 million metric ton in 2021, an increase of 16.44% compared to the previous year due to the high usage of commercial hybrids. The popular hybrids grown in the country are P-3501, NK-6240, P-3396, JVM-421, African Tall, Narmada Moti, and GM-6.
- Indonesia’s maize production in 2021 was 12 million ton. Java, Sumatra, and Sulawesi are the major maize-growing areas in the country, which accounted for about 90% of production in 2022. Thus, the sales of these seeds are estimated to be higher in these areas.
- The other major maize-growing countries include the Philippines, Vietnam, Thailand, and Bangladesh due to the increasing demand from the food and feed industries. Therefore, the increase in the area, higher adoption of hybrids, and higher demand for maize from the processing industries drive the demand for maize seeds. Thus, the market is anticipated to register a CAGR of 2.5% during the forecast period.
Asia-Pacific Maize Seed Market Trends
Industrial applications, and the demand from animal feed and food processing industries are driving the maize cultivation
- Asia-Pacific is one of the major maize-producing regions globally, with a high demand in various processed food industries across its countries. In 2022, the region accounted for 67.6 million hectares of maize cultivation. The area under maize cultivation in the region observed an increase of 1.1% in 2022 compared to 2021. However, the acreage fluctuated during the historic period between 2017 and 2021. The fluctuation arose from China, India, and Indonesia, which are a few of the major maize-producing countries in the region.
- China occupied the major share of the area under maize cultivation, with 64.7% of the acreage in 2022. The favorable climatic conditions and the higher demand for maize as animal feed in the country have made it one of the major countries in the region. Moreover, the higher market prices for maize have driven its adoption by farmers in the country. Furthermore, India and Indonesia were the major countries after China concerning the area under maize cultivation, which accounted for 14.8% and 5.2% of the acreage in the region in 2022, respectively. The favorable market prices for maize from feed, food, and processing industries, such as ethanol plants, have driven the adoption of maize cultivation in these countries. Furthermore, the demand for ethanol in petrol blending is projected to surge from 173 crore liters in 2019-20 to 1,016 crore liters in 2025-26. Consequently, the overall demand for ethanol is set to rise from 684 crore liters in 2019-20 to 1,500 crore liters in 2025-26, with 740 crore liters being grain-based ethanol.
- Therefore, the increasing demand for corn for feed, human food, and industrial purposes is projected to drive the area under maize cultivation in the region significantly during the forecast period.
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Drought tolerance, disease resistance, and wider adaptability are the major traits farmers seek in the region
- Corn is an important crop cultivated by growers because it is a high-profit crop. Growers have a high preference for traits such as weed control, improved grain quality, early maturity, lodging tolerance, disease resistance, and adaptability to different regions and climate conditions. For instance, companies such as Bayer AG, BASF SE, and Syngenta provide traits that help increase productivity and resistance to diseases such as early rots and leaf diseases. These seed varieties are witnessing high demand because no other sprays or alternatives exist to resist the diseases. Furthermore, other major traits, such as color, height, and the number of grains per cob, are popular for high returns for growers.
- Globally, China is a major producer of corn. The demand for drought tolerance traits is increasing because there was low water availability due to drought in 2022. Therefore, the demand for drought-tolerant traits is expected to increase to meet the demand of drought-affected countries during the forecast period. Moreover, the growers are also adopting wider adaptability, abiotic stress tolerance, and insect-resistant traits due to changes in soil conditions and demand for protecting corn crops from insects such as pink stem borer, shoot fly, and spotted stem borer. For instance, India is one of the significant producers of corn in Asia-Pacific, where the crop is affected by pests and abiotic stress and grown in different agroecological zones.
- Factors such as low water due to climatic conditions, pests, and diseases affecting the growth of corn are expected to help in the introduction of new seed varieties and the growth of the market during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Hybrid breeding is the major breeding technique adopted in maize as it is a cross-pollinated crop
Asia-Pacific Maize Seed Industry Overview
The Asia-Pacific Maize Seed Market is fragmented, with the top five companies occupying 28.13%. The major players in this market are Advanta Seeds - UPL, Bayer AG, Beidahuang Kenfeng Seed Co. Ltd, Corteva Agriscience and Syngenta Group (sorted alphabetically).
Asia-Pacific Maize Seed Market Leaders
Advanta Seeds - UPL
Bayer AG
Beidahuang Kenfeng Seed Co. Ltd
Corteva Agriscience
Syngenta Group
Other important companies include Charoen Pokphand Group (CP Group), DCM Shriram Ltd (Bioseed), Kaveri Seeds, KWS SAAT SE & Co. KGaA, Nuziveedu Seeds Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Maize Seed Market News
- August 2023: Bayer AG launched the herbicide-tolerant biotech corn Dekalb DK95R in Banggo village, Manggalewa district, Dompu Regency, West Nusa Tenggara, Indonesia.
- March 2023: Pioneer Seeds, a subsidiary of Corteva Agriscience, launched 44 new corn seed hybrid varieties with new Vorceed Enlist corn technology to help manage corn rootworms.
- December 2022: Syngenta Seeds inaugurated its new corn-seed facilities and official e-commerce store in Indonesia. These new corn facilities help in the post-harvest operations of parent seeds.
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We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 90+ free charts, the section covers difficult-to-find data from various regions regarding the area under cultivation for different crops within the scope
Asia-Pacific Maize Seed Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Area Under Cultivation
- 4.2 Most Popular Traits
- 4.3 Breeding Techniques
- 4.4 Regulatory Framework
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 Breeding Technology
- 5.1.1 Hybrids
- 5.1.1.1 Non-Transgenic Hybrids
- 5.1.1.2 Transgenic Hybrids
- 5.1.1.2.1 Herbicide Tolerant Hybrids
- 5.1.1.2.2 Insect Resistant Hybrids
- 5.1.1.2.3 Other Traits
- 5.1.2 Open Pollinated Varieties & Hybrid Derivatives
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5.2 Country
- 5.2.1 Australia
- 5.2.2 Bangladesh
- 5.2.3 China
- 5.2.4 India
- 5.2.5 Indonesia
- 5.2.6 Japan
- 5.2.7 Myanmar
- 5.2.8 Pakistan
- 5.2.9 Philippines
- 5.2.10 Thailand
- 5.2.11 Vietnam
- 5.2.12 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 Advanta Seeds - UPL
- 6.4.2 Bayer AG
- 6.4.3 Beidahuang Kenfeng Seed Co. Ltd
- 6.4.4 Charoen Pokphand Group (CP Group)
- 6.4.5 Corteva Agriscience
- 6.4.6 DCM Shriram Ltd (Bioseed)
- 6.4.7 Kaveri Seeds
- 6.4.8 KWS SAAT SE & Co. KGaA
- 6.4.9 Nuziveedu Seeds Ltd
- 6.4.10 Syngenta Group
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR SEEDS CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Global Market Size and DROs
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- AREA UNDER CULTIVATION OF CORN, HECTARE, ASIA-PACIFIC, 2017-2022
- Figure 2:
- VALUE SHARE OF MAJOR CORN TRAITS, %, ASIA-PACIFIC, 2022
- Figure 3:
- VALUE SHARE OF CORN BREEDING TECHNIQUES, %, ASIA-PACIFIC, 2022
- Figure 4:
- VOLUME OF CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- VALUE OF CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- VOLUME OF CORN SEED BY BREEDING TECHNOLOGY CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- VALUE OF CORN SEED BY BREEDING TECHNOLOGY CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- VOLUME SHARE OF CORN SEED BY BREEDING TECHNOLOGY CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 9:
- VALUE SHARE OF CORN SEED BY BREEDING TECHNOLOGY CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 10:
- VOLUME OF CORN SEED BY HYBRIDS CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- VALUE OF CORN SEED BY HYBRIDS CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- VOLUME SHARE OF CORN SEED BY HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 13:
- VALUE SHARE OF CORN SEED BY HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 14:
- VOLUME OF NON-TRANSGENIC HYBRIDS CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- VALUE OF NON-TRANSGENIC HYBRIDS CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- VALUE SHARE OF NON-TRANSGENIC HYBRIDS CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 17:
- VOLUME OF CORN SEED BY TRANSGENIC HYBRIDS CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- VALUE OF CORN SEED BY TRANSGENIC HYBRIDS CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF CORN SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 20:
- VALUE SHARE OF CORN SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 21:
- VOLUME OF HERBICIDE TOLERANT HYBRIDS CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- VALUE OF HERBICIDE TOLERANT HYBRIDS CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 23:
- VALUE SHARE OF HERBICIDE TOLERANT HYBRIDS CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 24:
- VOLUME OF INSECT RESISTANT HYBRIDS CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- VALUE OF INSECT RESISTANT HYBRIDS CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- VALUE SHARE OF INSECT RESISTANT HYBRIDS CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 27:
- VOLUME OF OTHER TRAITS CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE OF OTHER TRAITS CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VALUE SHARE OF OTHER TRAITS CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 30:
- VOLUME OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- VALUE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- VALUE SHARE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 33:
- VOLUME OF CORN SEED BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- VALUE OF CORN SEED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- VOLUME SHARE OF CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 36:
- VALUE SHARE OF CORN SEED BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 37:
- VOLUME OF AUSTRALIA CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- VALUE OF AUSTRALIA CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- VALUE SHARE OF AUSTRALIA CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 40:
- VOLUME OF BANGLADESH CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- VALUE OF BANGLADESH CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 42:
- VALUE SHARE OF BANGLADESH CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 43:
- VOLUME OF CHINA CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- VALUE OF CHINA CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- VALUE SHARE OF CHINA CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 46:
- VOLUME OF INDIA CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- VALUE OF INDIA CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 48:
- VALUE SHARE OF INDIA CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 49:
- VOLUME OF INDONESIA CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- VALUE OF INDONESIA CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 51:
- VALUE SHARE OF INDONESIA CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 52:
- VOLUME OF JAPAN CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- VALUE OF JAPAN CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- VALUE SHARE OF JAPAN CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 55:
- VOLUME OF MYANMAR CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 56:
- VALUE OF MYANMAR CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- VALUE SHARE OF MYANMAR CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 58:
- VOLUME OF PAKISTAN CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 59:
- VALUE OF PAKISTAN CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- VALUE SHARE OF PAKISTAN CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 61:
- VOLUME OF PHILIPPINES CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 62:
- VALUE OF PHILIPPINES CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- VALUE SHARE OF PHILIPPINES CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 64:
- VOLUME OF THAILAND CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 65:
- VALUE OF THAILAND CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- VALUE SHARE OF THAILAND CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 67:
- VOLUME OF VIETNAM CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 68:
- VALUE OF VIETNAM CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 69:
- VALUE SHARE OF VIETNAM CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 70:
- VOLUME OF REST OF ASIA-PACIFIC CORN SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 71:
- VALUE OF REST OF ASIA-PACIFIC CORN SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 72:
- VALUE SHARE OF REST OF ASIA-PACIFIC CORN SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 73:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017-2023
- Figure 74:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017-2023
- Figure 75:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2023
Asia-Pacific Maize Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- In Asia-Pacific, hybrid seeds dominated the maize seed market by volume and value compared to open-pollinated varieties and hybrid derivatives. In 2022, hybrid maize seeds held a 91.3% share of the maize seed market. Hybrid seeds produced in the region for maize are resistant to viral diseases, bacterial diseases, wider adaptability, abiotic stress tolerance, and quality traits such as color, height, and the number of grains per cob.
- In the hybrid seed segment, non-transgenic maize seeds dominated the market, with a share of 83.3% in 2022. The cultivation of transgenic maize is not approved in many major maize-producing countries, except China, Vietnam, Japan, and Pakistan.
- The market declined by 2.8% from 2017 to 2022 due to the decrease in the cultivation area in major countries such as China and India, as well as unfavorable conditions during the same period. For instance, the area of cultivation for corn in China and India decreased by 0.6% and 2.6% during the historical period, respectively.
- In 2022, open-pollinated varieties and hybrid derivatives accounted for 8.7% of the maize market, less than hybrid seeds. China and India are the major cultivators of open-pollinated varieties, with a share of 67.8% in the same period, as they are not highly resistant to diseases such as leaf rot and bacterial diseases. Moreover, a significant constraint in cultivating corn using open-pollinated seed varieties is that they provide lower yields and lower productivity than hybrids.
- Due to major factors such as high yield, high resistance to diseases, and an increase in hybridization, the hybrid seed segment in the maize market is projected to register a CAGR of 2.5% during the forecast period.
| Breeding Technology | Hybrids | Non-Transgenic Hybrids | |
| Transgenic Hybrids | Herbicide Tolerant Hybrids | ||
| Insect Resistant Hybrids | |||
| Other Traits | |||
| Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives | ||
| Country | Australia | ||
| Bangladesh | |||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Myanmar | |||
| Pakistan | |||
| Philippines | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific |
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Market Definition
- Commercial Seed - For the purpose of this study, only commercial seeds have been included as part of the scope. Farm-saved Seeds, which are not commercially labeled are excluded from scope, even though a minor percentage of farm-saved seeds are exchanged commercially among farmers. The scope also excludes vegetatively reproduced crops and plant parts, which may be commercially sold in the market.
- Crop Acreage - While calculating the acreage under different crops, the Gross Cropped Area has been considered. Also known as Area Harvested, according to the Food & Agricultural Organization (FAO), this includes the total area cultivated under a particular crop across seasons.
- Seed Replacement Rate - Seed Replacement Rate is the percentage of area sown out of the total area of crop planted in the season by using certified/quality seeds other than the farm-saved seed.
- Protected Cultivation - The report defines protected cultivation as the process of growing crops in a controlled environment. This includes greenhouses, glasshouses, hydroponics, aeroponics, or any other cultivation system that protects the crop against any abiotic stress. However, cultivation in an open field using plastic mulch is excluded from this definition and is included under open field.
| Keyword | Definition |
|---|---|
| Row Crops | These are usually the field crops which include the different crop categories like grains & cereals, oilseeds, fiber crops like cotton, pulses, and forage crops. |
| Solanaceae | These are the family of flowering plants which includes tomato, chili, eggplants, and other crops. |
| Cucurbits | It represents a gourd family consisting of about 965 species in around 95 genera. The major crops considered for this study include Cucumber & Gherkin, Pumpkin and squash, and other crops. |
| Brassicas | It is a genus of plants in the cabbage and mustard family. It includes crops such as carrots, cabbage, cauliflower & broccoli. |
| Roots & Bulbs | The roots and bulbs segment includes onion, garlic, potato, and other crops. |
| Unclassified Vegetables | This segment in the report includes the crops which don’t belong to any of the above-mentioned categories. These include crops such as okra, asparagus, lettuce, peas, spinach, and others. |
| Hybrid Seed | It is the first generation of the seed produced by controlling cross-pollination and by combining two or more varieties, or species. |
| Transgenic Seed | It is a seed that is genetically modified to contain certain desirable input and/or output traits. |
| Non-Transgenic Seed | The seed produced through cross-pollination without any genetic modification. |
| Open-Pollinated Varieties & Hybrid Derivatives | Open-pollinated varieties produce seeds true to type as they cross-pollinate only with other plants of the same variety. |
| Other Solanaceae | The crops considered under other Solanaceae include bell peppers and other different peppers based on the locality of the respective countries. |
| Other Brassicaceae | The crops considered under other brassicas include radishes, turnips, Brussels sprouts, and kale. |
| Other Roots & Bulbs | The crops considered under other roots & bulbs include Sweet Potatoes and cassava. |
| Other Cucurbits | The crops considered under other cucurbits include gourds (bottle gourd, bitter gourd, ridge gourd, Snake gourd, and others). |
| Other Grains & Cereals | The crops considered under other grains & cereals include Barley, Buck Wheat, Canary Seed, Triticale, Oats, Millets, and Rye. |
| Other Fibre Crops | The crops considered under other fibers include Hemp, Jute, Agave fibers, Flax, Kenaf, Ramie, Abaca, Sisal, and Kapok. |
| Other Oilseeds | The crops considered under other oilseeds include Ground nut, Hempseed, Mustard seed, Castor seeds, safflower seeds, Sesame seeds, and Linseeds. |
| Other Forage Crops | The crops considered under other forages include Napier grass, Oat grass, White clover, Ryegrass, and Timothy. Other forage crops were considered based on the locality of the respective countries. |
| Pulses | Pigeon peas, Lentils, Broad and horse beans, Vetches, Chickpeas, Cowpeas, Lupins, and Bambara beans are the crops considered under pulses. |
| Other Unclassified Vegetables | The crops considered under other unclassified vegetables include Artichokes, Cassava Leaves, Leeks, Chicory, and String beans. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases, and Subscription Platforms
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