In 2023, the global custom seed market is projected to hit US$ 2,067,345.1 thousand. By 2033, it’s anticipated to nearly double, reaching US$ 3,991,402.3 thousand. Sales of global custom selected seeds are expected to rise at a 6.9% compound annual growth rate (CAGR) from 2023 to 2033.
- The primary driving force behind the custom selected seeds market is the shift in farming practices globally, with an increasing emphasis on precision farming techniques.
- Farmers already engaged in precision farming are increasingly turning to customized or precision seeds for improved agricultural outcomes.
- There’s a noticeable uptick in farmers’ interest in purchasing and utilizing genetic seeds, attributed to heightened awareness of the significant benefits associated with high-quality seed varieties.
- Custom selected seeds offer distinct advantages over hybrid varieties, including higher yields, enhanced nutritional value of produce, and reduced crop losses in the face of disasters such as cyclones.
- Furthermore, custom selected seeds often boast disease-resistant traits, further bolstering their appeal to farmers seeking resilient and high-performing seed varieties.
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These seeds allow farmers to develop large quantities of high-quality agricultural products. For instance, in India, custom based seeds generated 30% of agricultural earnings in 2019, as per the World Bank Group. Driven by this, sales of custom selected seeds are set to rise at a robust pace.
Increasing global population and consequent increase in food demand will elevate demand worldwide. By using custom selected seeds, farmers can counter the rising food insecurity.
Adoption of advanced technologies by farmers for their day-to-day activities will boost market. Smart connected technologies such as ZigBee, low power wide area (LPWA), Wi-Fi, and additional wireless sensing technologies enable farmers to efficiently plan and execute various agricultural and farming operations. This includes weather forecasting, soil-testing and enriching techniques, and so on.
Rising investments in finding new methods to enhance agricultural productivity via the use of artificial intelligence and automation will support market development.
Key Takeaways from the Global Custom Selected Seed Market Study
- Global custom selected seed sales are likely to surge at 6.9% CAGR between 2023 and 2033.
- By seed type, tomatoes segment dominates the market with a revenue share of about 55.3%.
- By cultivation method, controlled environment agriculture segment will expand at a healthy pace.
- North America is forecast to hold around 32.1% value share of the global market by the end of 2023.
- Custom selected seed demand across India is likely to rise at a healthy pace through 2033.
- China is set to emerge as one of the lucrative markets for custom selected seeds.
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“Technologies related to agriculture fall under 4 key areas. This includes sensors, food, automation, and engineering. Technologies that extend the reach of agriculture to new means and new areas are quality seedling production, sowing, planting, festination techniques, and others. Use of these advanced technologies in agriculture will support expansion of the target market.” says an FMI analyst.
Who is Winning?
Key players are focusing on adopting various growth strategies such as mergers and acquisitions to sustain their position in the target market. For instance, recently in 2023, Italy-based Maraldi Sementi Srl acquired Denmark-based spinach breeding company DeSeed. De Bolster focuses on sustainable solutions and harnesses the power of GeNee Technology to increase the available planting rates of its tomato, pepper, and cucumber seeds.
Leading custom selected seed manufacturers include
- USA Agriseeds
- Emerald Seed Company
- Hazera Seeds USA Inc.
- East West Seed Co.
- Antaris Seeds S.L.
- Bozhou Swanf Natural Product Co., Ltd.
- Shanghai Touchhealthy Biotechnology Co., Ltd.
- Hebei Shuangxing Seeds Co., Ltd.
- Beijing Mantian Seeds Co., Ltd.
- Bayer Group, Clover Seeds
- AreoFarms
- Durga Seed Farms
- Genesis Seeds Ltd.
- Nirit Seeds Ltd.
- Sandia Seed Company
- Tyler Farms
- Anseme Srl
- Tokita Seeds Co., Ltd.
- Asia Seed Co., Ltd
- Others
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global custom selected seed market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the global custom selected seed market based on seed type (tomatoes, peppers, cucumbers, lettuce, spinach, and strawberries), cultivation method (open field and controlled environment agriculture), and variant (commodity and premium) across several regions.
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Global Custom Selected Seed Market by Category:
Seed Type:
- Tomatoes
- Peppers
- Cucumbers
- Lettuce
- Spinach
- Strawberries
Cultivation Method:
- Open Field (OF)
- Controlled Environment Agriculture (CEA)
- By Variant:
- Commodity
- Premium
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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