Market Size of Ghana Seeds Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 16.61 Million |
| Market Size (2029) | USD 22 Million |
| CAGR (2024 - 2029) | 5.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ghana Seed Market Analysis
The Ghana Seeds Market size is estimated at USD 16.61 million in 2024, and is expected to reach USD 22 million by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).
- Ghana's seed sector has grown significantly over the last decade; with the development and availability of improved and locally adapted seed varieties, the adoption rate is still marginal, with just about 30% of farmers using improved varieties as of 2022.
- As a result of population expansion and a steady land degradation rate, the per capita land is anticipated to decrease in Ghana. The decreasing per capita availability of arable land is a significant concern for ghana agricultural production. However, it is considered to be a driver for the seed industry. The need to produce more from the decreasing per capita arable land to get higher returns can be possible using high-yielding and hybrid varieties. This trend encourages farmers to shift their focus from conventional seed sources to packaged seeds that promise better returns.
- Moreover, the demand for seeds across the country is still untapped and provides multinational corporations with various opportunities for expansion and a broad customer base. Also, the increased area under cultivation of vegetables on account of the changing dietary preferences of the population, as well as the increased cash flows received by farmers on history of vegetable cultivation, is further driving the growth of the seed market in Ghana.
- Furthermore, several players are taking initiatives to boost the growth of the seed market. For instance, an initiative like "1" Household, 1 Garden" "un by Agrihouse Foundation in Ghana is motivating and supporting the people of ghana to contribute to the growth of the seed market.
Ghana Seed Industry Segmentation
A seed is the ripened fertilized ovule of a flowering plant containing an embryo and is capable of germination to produce a new plant. The Ghana Seeds Market is Segmented by Type (Non-GM/Hybrid Seeds, GM Seeds, and Open-pollinated Varieties) and Crop Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Other Crop Types). The report offers market size and forecast in terms of value (USD million) for the above segments.
| Type | |
| Non-GM/Hybrid Seeds | |
| GM Seeds | |
| Open-pollinated Varieties |
| Crop Type | |
| Grains and Cereals | |
| Pulses and Oilseeds | |
| Fruits and Vegetables | |
| Other Crop Types |
Ghana Seeds Market Size Summary
The Ghana seed market is experiencing notable growth, driven by the need to enhance agricultural productivity amid decreasing per capita arable land. The adoption of high-yielding and hybrid seed varieties is becoming increasingly important as farmers shift from conventional seed sources to packaged seeds that offer better returns. This shift is encouraged by the government's initiatives and the involvement of multinational corporations, which see untapped demand as an opportunity for expansion. The changing dietary preferences and increased cash flows from vegetable cultivation further propel the market's growth. Initiatives like "1 Household, 1 Garden" by Agrihouse Foundation are also contributing to the market's development by motivating local participation.
Quality seeds are crucial for achieving food security in Ghana, where agriculture is a key economic driver. The government, through the Ghana Seed Inspection Division, plays a significant role in regulating seed production, particularly for crops like corn and rice. Subsidy programs and international grants, such as those from the African Development Fund, are boosting the production of certified seeds. The market is characterized by a fragmented landscape with major players focusing on research and development to introduce new seed varieties. These efforts, along with government policies promoting seed sector development, are expected to sustain the market's growth trajectory.
Ghana Seeds Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of Substitute Products
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1.4.4 Threat of New Entrants
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Non-GM/Hybrid Seeds
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2.1.2 GM Seeds
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2.1.3 Open-pollinated Varieties
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2.2 Crop Type
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2.2.1 Grains and Cereals
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2.2.2 Pulses and Oilseeds
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2.2.3 Fruits and Vegetables
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2.2.4 Other Crop Types
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Ghana Seeds Market Size FAQs
How big is the Ghana Seeds Market?
The Ghana Seeds Market size is expected to reach USD 16.61 million in 2024 and grow at a CAGR of 5.78% to reach USD 22 million by 2029.
What is the current Ghana Seeds Market size?
In 2024, the Ghana Seeds Market size is expected to reach USD 16.61 million.
