South And Southeast Asia Seed Market Size (2024 - 2029)

South & South East Asia Seed Market Analysis

The South And Southeast Asia Seed Market size is estimated at USD 8.09 billion in 2024, and is expected to reach USD 10.35 billion by 2029, growing at a CAGR of 5.03% during the forecast period (2024-2029).

The production, certification, distribution, and cost of seeds, play a key role in developing the agricultural sector in South and Southeast Asian countries. International trade suffered due to slow or lack of transportation, labor shortages, and a contraction in the market for plants and seeds. Several factors, such as improvements in the agricultural sector, seed production, trade, and international agreements, along with the developments in seed technology, increased the momentum of the industry's growth. Six countries, namely India, Thailand, Indonesia, Vietnam, the Philippines, and Bangladesh, are considered seed hubs in Southeast Asia based on the concentration of production, breeding, and processing activities by index companies in these countries. The non-GM/hybrid seeds segment has dominated the market due to the increased demand for food over recent years. To meet this growing demand, crop yield enhancement has become a necessity. The major players in the market are Bayer Crop Science SE, Syngenta International AG, Corteva AgriScience, BASF SE, and Nuziveedu Seeds Ltd, among others.

South & South East Asia Seed Industry Segmentation

A seed is the ripened fertilized ovule of a flowering plant containing an embryo and is generally capable of germination to produce a new plant. For this report, seeds have been defined as seeds for sowing at the farmer level. In this report, market sizing has been done at the farmer's level. The report provides an in-depth analysis of various parameters of the seeds market. The South and Southeast Asian seeds market is segmented by crop type (grains and cereals, pulses and oilseeds, cotton, vegetables, and other seeds), product type (non-GM/hybrid seeds, GM seeds, varietal seeds, and plant growth regulators), and geography (Bangladesh, Pakistan, India, Nepal, Vietnam, Indonesia, Thailand, Myanmar, Malaysia, Philippines, and Rest of South and Southeast Asia). The report offers market size and forecasts for the seed industry in volume (Metric Ton) and in value (USD).