The report titled “Indian Seed Market: Trends & Opportunities (2015-2020)” provides an in-depth analysis of the Indian seed market with detailed analysis of market sizing and growth, market share and economic impact of the industry. The report also provides market size of global seed market.
The report provides detailed market analysis on the basis of product type for the Indian seed market. It includes market sizing by value and volume along with the analysis of cotton seed and vegetable seed market. The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall Indian seed market has also been forecasted for the period 2015-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in Indian seed market is stiff and dominated by the big players like Nuziveedu Seeds Ltd. Further, key players of the seeds market, Monsanto Company and Advanta Ltd. are also profiled with their financial information and respective business strategies.
- Nuziveedu Seeds Ltd.
- Monsanto Company
- Advanta Ltd.
Seed is a key component among all inputs for sustainable crop production. It is a fertilized ripened ovule, capable of reproducing and developing into a plant. Seeds include cereals, pulses, vegetables, and fruits. Innovations in technology have improved the quality of seeds and provided a wide variety with desired characteristics and suited to specific conditions and geographies. This development is necessary for ensuring the best-quality crop production and meeting the growing demand for food worldwide. It is estimated that quality of seed accounts for 20-25% of productivity.
Indian seed market increased at a significant CAGR during the span of 5 years i.e. 2010-2014 and projections are made that the market would rise in the next five years i.e. 2015-2020 tremendously. Indian cotton seed and vegetable seed markets are the segment of Indian seed market which exhibited an increase, driving the Indian seed market. The upsurge in the market was due to the increased demand of certified seeds along with the increase in exports of seeds in India.
The major growth drivers for the Indian seed market are: increasing seed replacement rate and role of private seed players, rising demand for selected crops, increase in the penetration rate of hybrid seeds, research & development and favorable government policies. Despite the market is governed by various growth drivers, there are certain challenges faced by the market, such as, perishable nature of seeds, problems in contract farming, diminishing product life cycle, barriers to entry, long production period and climate, pest & disease related problems.