Market Trends of wheat seed Industry
The demand from consumers as a staple food and processing industries to produce biofuel led to an increase in the area under cultivation
- Globally, wheat is cultivated mainly in temperate regions and subtropical regions as a staple food. Asia-Pacific has the largest area under wheat cultivation in the world, with about 96.0 million hectares in 2022. The major countries for wheat cultivation in Asia-Pacific are India and China, which accounted for 32.7% and 24.4% of the total acreage under wheat in Asia-Pacific in 2022. The European region has the second largest area under wheat cultivation, with about 70.3 million hectares in 2022 due to the favorable climatic conditions. The demand from consumers and processing industries is expected to increase in the market. In Russia, the area harvested was 28.1 million hectares in 2022, which increased by 2.3% since 2017. Thus, an increase in the acreage under wheat is fueling the growth of the market. The domestic demand and industrial wheat demand for flour milling (including starch and bio-ethanol) was 2.8% higher in 2022 compared to 2021. This demand is anticipated to drive wheat acreage in the region during the forecast period.
- North America is the third-largest producer of wheat in the world, which accounted for about 11.3% of the global wheat production in 2022. The United States is the major producer of wheat in the region with about 15.1 million hectares in 2022. The growing demand for wheat in the country is anticipated to drive the overall wheat acreage during the forecast period.
- The increase in the demand as it is the staple food of many countries, an increase in the availability of high-yielding varieties, and the increase in research on stress-tolerant and disease-resistant varieties by private companies are expected to increase the area under cultivation of wheat globally, thereby increasing the demand for wheat seeds during the forecast period.
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Increasing demand for disease resistant and wider adaptability traits to boost the yield and drive the growth of market
- Wheat is the major grain crop cultivated mainly in temperate regions and subtropical regions as a staple food crop. The popular traits are disease resistance, wider adaptability, and others (including lodging tolerance and quality attributes).
- The common diseases that cause significant yield losses are rust, fusarium head blight, Septoria leaf blotch, stripe rust, spot blotch, tan spot, and powdery mildew. The demand for varieties with resistance to these diseases is expected to lead to higher adoption by growers. Furthermore, wheat is one of the most important and cultivated food grains in India. The most popular traits of the crop in the country include disease resistance, lodging tolerance, wider adaptability, and quality attributes such as grain size, grain color, and others. There is significant demand for disease-resistant seed varieties to resist rust and blunt smut traits as the diseases cause yield losses of more than 50%. For instance, in 2021, BASF SE developed the Ideltis seed brand for hybrid wheat, which provides characteristics such as high yield and quality.
- In Europe, companies such as Syngenta, Groupe Limagrain, and KWS SAAT are offering disease and pest-resistant wheat varieties such as SY Insitor, Graham, LG Typhoon, and LG Prince to address yield losses caused by diseases such as Septoria, rusts, OWBM (Orange Wheat Blossom Midge). Additionally, in 2021, Bayer and RAGT Semences signed a partnership agreement to develop hybrid wheat seeds using the latest breeding methodologies, high-performing seed product systems, and advanced digital solutions. The prevalence of sucking pests and diseases, as well as higher demand for higher yields in shorter periods, are increasing the demand for improved seed varieties during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Traditional breeding dominated the market as wheat is a self-pollinating species which makes difficult in breeding through hybrid technology
