Myanmar Seed Market Size

Myanmar Seed Market Analysis

The Myanmar Seed Market size is estimated at 227.3 million USD in 2024, and is expected to reach 298.9 million USD by 2030, growing at a CAGR of 4.67% during the forecast period (2024-2030).

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227.3 Million

Market Size in 2024 (USD)

298.9 Million

Market Size in 2030 (USD)

5.40 %

CAGR (2017-2023)

4.67 %

CAGR (2024-2030)

Largest Market by Crop Family

25.90 %

value share, Grains & Cereals, 2023

Rice and corn are the major crops cultivated in the country. Rice is the major staple food crop grown throughout the country, and corn has a high seed replacement rate.

Largest Market by Breeding Technology

73.22 %

value share, Hybrids, 2023

The high share of hybrids is due to the increasing area under hybrids in crops like corn, sunflower, cotton, vegetables, and others and their high-yielding and disease-resistance traits.

Fastest-growing Market by Crop Family

5.47 %

Projected CAGR, Fiber Crops, 2024-2030

It is the fastest growing due to the rising demand from the textile industry and growing government support in investing in cotton seed research, contributing to the market growth.

Fastest-growing Market by Breeding Technology

4.69 %

Projected CAGR, Hybrids, 2024-2030

The rapid growth of hybrids is associated with characteristics such as high yield, biotic and abiotic stress resistance, high vigor, and early bearing in vegetables.

Leading Market Player

3.14 %

market share, Groupe Limagrain, 2022

It is the market leader in the country with its multi-brand partnership strategy, which allows it to offer a much wider and more diversified variety of crops.

Hybrids occupy the major share of the market with increasing demand from farmers for higher yield

Myanmar Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Row Crops, Vegetables are covered as segments by Crop Type.

• In Myanmar, hybrid seeds dominate the seed market, which accounted for USD 151.5 million in 2022. In 2022, row crops accounted for 75.1%, whereas vegetables accounted for 24.9% of the hybrid seed market in the country.
• Hybrids have higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. For instance, in cotton, hybrids give 50% more yield than conventional varieties. The wider adaptability of hybrids is mainly due to their high buffering capacity to environmental fluctuations. ​
• The non-availability of transgenic varieties in all the crops, 100% seed replacement rate for every season, the threat to food security due to increasing population, and resistance to biotic and non-biotic stresses are the factors expected to drive the market for non-transgenic hybrids with a CAGR of 4.7% during the forecast period.
• In Myanmar, the open-pollinated varieties seed market is projected to register a CAGR of 4.6% during the forecast period because of the low cost, high adoption to local conditions, low input requirement, and timely non-availability of hybrids in all the crops.​​
• The only trait approved for commercial cultivation in Myanmar is insect resistance (IR) in cotton only, and 100% of the area under transgenic cotton is insect resistant due to its high yield and resistance to major cotton pests. Therefore, the demand for insect-resistant cotton hybrids is projected to grow with a CAGR of 5.5% during the forecast period in the country.
• Therefore, the high-yielding characteristics of hybrids, along with their wider adaptability and the demand for insect-resistant varieties, are estimated to drive commercial seed usage in the country during the forecast period.