Transcript
Page 2: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

The Indian seed industry, over the years, has evolved by adopting and innovating upon scientific advancements in variety development and quality seed production. The industry has grown tremendously over the last few years has evolved by adopting and innovating upon scientific advancements in variety development and quality seed production.

Page 3: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

During FY’2010-FY’2015, the Indian seed market has grown at a CAGR of ~%. In FY’ 2010, Indian seed market registered a value of INR ~ billion which inclined to INR ~ billion in FY’2015.Rising awareness among the farmers related to the benefits of using certified/ quality seeds has led to an increase in the demand for seeds over the past few years.

Page 4: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

This has resulted in an increasing willingness among the farmers to pay higher price for quality seeds, which has During FY’2010-FY’2015, the production of seeds in India inclined at a CAGR of ~%. In FY’ 2010, ~ thousand tonnes of seeds were produced which inclined to ~ thousand tonnes in FY’2011. In FY’2015, the production of seed in India inclined to ~ thousand tonnes. The major proportion of this incline in production was due to rise in production of Guar seed.

Page 5: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

The industry remains threatened by certain challenges which include asynchronous GM approval timelines, seed quality certification system and decline in international fruit and vegetable seed trade among others.The key players in the industry are Nuziveedu Seeds, Mahyco Seeds, Monsanto, Kaveri Seeds. In FY’2015, hybrid seeds market dominated the overall seed industry, In FY’2015, hybrid seeds accounted for ~% of the overall seed market revenues. On the other hand, non-hybrid seeds contributed ~% of the overall market revenues in FY’2015.

Page 6: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

The hybrid seed dominated the overall seed market owing to rising demand for hybrid seeds because of its advantage such as improving yield, providing improve color, resistance to disease pest and production and others over non-hybrid seeds. In addition, reluctance of farmers to adopt better quality seeds has also lead to penetration of hybrid seeds in overall seeds market in India. With the entry of multinational sector in seed production and supply along with introduction of new technologies for producing seed, several varieties of seeds have been developed in the country, which has turned the domestic markets potential to develop new varieties and to market them to make profit.

Page 7: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

The domination of hybrid seeds can be attributed to rising demand for hybrid seeds because of its advantage such as improving yield, providing improve color, resistance to disease pest and production and others over non-hybrid seeds. Owing to rising income, escalating population, changing food habits, and rising potential for exports, the market for seeds in India has been inclining at a greater pace. The contribution to non- vegetable seeds has been greater than non-vegetable seeds because of increasing demand for corns or maize considerably for the production of fossil fuel or bio-fuels

Page 8: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

In FY’2015, the non-vegetable seeds accounted for ~% of the overall seed market in India. On the other hand, vegetables accounted for ~% of the market in FY’2015. In FY’2015, the farm saved seeds accounted for ~% of the overall seed market revenues, whereas commercial seeds garnered only ~% share of the overall market revenues.The demand for seed in India has been met either by products supplied by regional players or by local players. In FY’2015, national players accounted for ~% of the overall market revenues. On the other hand, regional players garnered ~% of the overall seed market revenues.

Page 9: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

Hybridization is a traditional breeding process in which inbred lines are crossed to generate a seed variety with higher yield potential than demonstrated by either plant. The process enhances biological characteristics swiftly than natural mutation. The farmers prefer hybrid seed since it has several advantages such as higher yield potential, greater uniformity in maturity, improved plant vigor and resistance to lodging, thus making large-scale mechanization possible.The Indian hybrid seed market underwent a drastic change during early 2000s with the introduction of BT cotton hybrids, which has led to more than 90% of the cotton area in India being under hybrids.

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Since then, the private seed companies have promoted BT cotton to capture surpluses through the sale of hybrids each year. The introduction of BT cotton seeds was a great step towards decreasing insecticide usage in the country. Several private companies in the country have incurred large amount money in research and development for the efficient and cost effective hybridization of seeds. The hybrid seed market in India has been growing tremendously over the last five years. The market has increased at a CAGR of ~% for the period FY’2010-FY’2015.

Page 11: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

The market potential is majorly tapped by hybrid cotton, corn, vegetables, sunflower, sorghum and rice which contributed majority share of the commercial seed sales in India. The growth of market has been supported by increasing interest of the organized private sector, new and improved technologies with more mechanized seed producing techniques, changing consumer demand and customer preferences, easy credit facilities to farmers, rapid growth of contract farming and agriculture friendly policies of the government in terms of subsidies provided by the government to the private companies and others.

Page 12: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

With rising demand, the revenues of hybrid seeds market inclined to INR ~ billion in FY’2015. The market is expected to flourish in the long run as several government initiatives have been taken to educate and encourage the farmers towards the usage of hybrid seeds to generate higher yields. The hybrid seed industry in India has been dominated by BT cotton over the years due to the increased planting areas of BT cotton. Over the years, the country has achieved a significant quantitative increase in cotton production.

Page 13: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

In FY’2010, BT cotton contributed ~% of the hybrid seed market revenue by generating INR ~ billion which declined to INR ~ billion in FY’2015. The cotton segment of the hybrid seed market was followed by corn/maize, which is an important crop being utilized as food for both domestic consumption and export.Vegetables seeds contributed~% share of overall seed market in FY’2010 which inclined to ~% in FY’2015. Hybrid rice held the fourth largest share in the market for hybrid seeds with a share of ~% in the market revenue and was valued at INR ~ billion in FY’2015.

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In FY’2015, the revenue contribution of Bajra/Pearl Millet of overall hybrid market inclined to ~% of revenues Bajra/ Pearl millet accounted for ~% of the market revenue in FY’2010. In FY’2015, the revenue contribution of Bajra/Pearl Millet of overall hybrid market inclined to ~% of revenues. The wide adoption of pearl millet hybrids in India has been largely due to subsidies provided by various state governments for the purchase of these seeds and because these were high yielding seeds.

Page 15: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

Syngenta emerged as the other major leader with a share of nearly ~% in the hybrid vegetable seed market in India in FY’2015. Vegetable seed production accounts for 40% of Syngenta total seed and the rest is accounted by rice, corn and cotton and sunflower. Advanta India limited and Nuziveedu together contributed nearly ~% of the overall revenue of the hybrid seed market in the country in FY’2015. Namdhari Seeds had a market share of ~% in hybrid vegetable seed market in India in FY’2015.

Page 16: India seed market report   2020 |India Hybrid Seeds Market|Vegetable Hybrid Seed Market,

Source: https://www.kenresearch.com/agriculture-and-animal-care/seed/india-seed-market-report/5468-104.html

Contact: Ken Research Ankur Gupta, Head Marketing & Communications [email protected] +91-9015378249


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