Market Size of asia-pacific maize seed Industry
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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.
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 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.
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| Rest of Asia-Pacific |
Asia-Pacific Maize Seed Market Size Summary
The Asia-Pacific maize seed market is experiencing a steady growth trajectory, driven by the dominance of hybrid seeds, which account for a significant portion of the market in terms of both volume and value. Hybrid seeds are preferred due to their resistance to various diseases, adaptability, and superior quality traits. The market is primarily led by non-transgenic maize seeds, as the cultivation of transgenic varieties remains limited to a few countries like China and Vietnam. Despite a historical decline in market size due to reduced cultivation areas in major countries such as China and India, the market is poised for recovery and growth. The increasing adoption of hybrid seeds, which offer higher yields and better disease resistance, is expected to propel the market forward. China stands out as the leading producer in the region, with substantial maize cultivation areas and a growing demand for maize seeds driven by the crop's importance in food and feed industries.
The demand for maize seeds in the Asia-Pacific region is further bolstered by the rising need for maize in various processed food industries and the increasing area under maize cultivation. Countries like India, Indonesia, and the Philippines are also significant contributors to the market, with Indonesia's major maize-growing areas being Java, Sumatra, and Sulawesi. The market is characterized by a fragmented landscape with key players such as Advanta Seeds - UPL, Bayer AG, Beidahuang Kenfeng Seed Co. Ltd, Corteva Agriscience, and Syngenta Group leading the charge. These companies are actively introducing new seed varieties and technologies to meet the evolving demands of the market, such as drought tolerance and disease resistance. The market's growth is supported by favorable climatic conditions, higher market prices for maize, and the increasing demand for maize as animal feed and for industrial purposes, such as ethanol production.
Asia-Pacific Maize 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 Country
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1.2.1 Australia
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1.2.2 Bangladesh
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1.2.3 China
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1.2.4 India
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1.2.5 Indonesia
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1.2.6 Japan
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1.2.7 Myanmar
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1.2.8 Pakistan
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1.2.9 Philippines
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1.2.10 Thailand
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1.2.11 Vietnam
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1.2.12 Rest of Asia-Pacific
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Asia-Pacific Maize Seed Market Size FAQs
How big is the Asia-Pacific Maize Seed Market?
The Asia-Pacific Maize Seed Market size is expected to reach USD 7.22 billion in 2024 and grow at a CAGR of 2.55% to reach USD 8.40 billion by 2030.
What is the current Asia-Pacific Maize Seed Market size?
In 2024, the Asia-Pacific Maize Seed Market size is expected to reach USD 7.22 billion.
