Seed & Soil

The Seed & Soil market is the key driver of global agriculture, that are stimulated by mounting demands for food security, sustainable agriculture, and technological advancements that promote crop productivity. According to the National Seed Association of India (NSAI), with the Indian economy projected to reach USD 7 trillion by 2030 and USD 10 trillion by 2034, the seed industry is expected to expand to USD 6 billion in the domestic market. According to NSAI estimates, the sector also holds the potential to grow further to USD 7 billion, provided there is a strategic focus on achieving USD 1 billion in seed exports. This indicates the pivotal position of quality seeds in solving global issues of food production.

Our in-depth Seed Management review spans wide market segments, revolutionizing agricultural output. The hybrid seeds market was around USD 56 billion in 2023 and is forecasted to grow to USD 109.8 billion by 2032, being pushed by surging adoption of biotechnology and improved yields. The seed treatment market had crossed USD 12.4 billion in 2022 and is expected to witness 12.2% CAGR during 2023-2032 based on the increasing need for quality food grains and increased crop yields. Custom-selected seed market reached USD 2.01 billion in 2023 and is set to increase at a 6.5% CAGR during 2032 based on increasing global vegetable consumption.

Soil care is a growing field that is focused on keeping our farms healthy and productive for the long haul. Last year, the controlled release fertilizer market hit $2.5 billion. Because more people are interested in eco-friendly farming, it's expected to go up by 10.6% every year between now and 2032. Plus, biofertilizers are about to get big. Nitrogen biofertilizers are particularly helpful for making soil better and reducing how much we need to use artificial stuff.

Also, the cover crop seed market is growing since more folks are switching to eco-friendly farming methods, using new tech, and caring more about their soil. Government support for sustainable farming, mainly in North America and Europe, along with better seed coatings and planting tech, is changing how we farm.