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Seed Industry in India to Hit US$ 12.7 Billion by 2028, with a CAGR of 12.43% - Exclusive Report by IMARC Group

03-20-2023 06:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Seed Industry in India to Hit US$ 12.7 Billion by 2028, with a CAGR

According to IMARC Group's latest report, titled "๐’๐ž๐ž๐ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š: ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–", The seed industry in India size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.43% during 2023-2028.

Seed refers to a mature ovule comprising of an embryonic plant and food reserves all enclosed within a protective cover or seed coat. It is available in various shapes, sizes, and colors and can be categorized into several types, such as groundnuts, soya beans, maize, paddy, etc. These seed variants develop into fully matured crops and plants when cultivated under optimum environmental conditions and are a rich source of fiber, vitamins, healthy monosaturated fats, minerals, etc., that aid in managing cholesterol, blood sugar levels, and blood pressure. Consequently, they have widespread demand in India.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐›๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž: https://www.imarcgroup.com/seed-industry-in-india/requestsample

India Seed Market Trends:

The growing commercialization of the agriculture segment and the increasing collaboration of private and public players are primarily driving the India seed market. Additionally, the launch of digital technologies by leading seed breeders that help farmers and cultivators overcome the negative impacts of pests and changing climate conditions and the emerging trend of integrating data science, genomics, advanced phenomics, and artificial intelligence (AI) tools in the agricultural segment are acting as significant growth-inducing factors. Moreover, the introduction of multiple supportive initiatives by government bodies, which include Rashtriya Krishi Vikas Yojana and Integrated Scheme for Oilseeds, Pulses, Oil Palm, and Maize or ISOPOM for ensuring continuous and comprehensive support to the farmers and seed breeders is also positively influencing the Indian market. Besides this, the escalating improvement in supply chain management quality the shifting preferences toward organic seeds produced utilizing organic manure, biopesticides, and bio-fertilizers are anticipated to bolster the India seed market over the forecasted period.

Competitive Landscape With Key Players:

The competitive landscape of the Indian seed market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

โ€ข Advanta
โ€ข DuPont
โ€ข Kaveri Seeds
โ€ข Syngenta
โ€ข Bayer
โ€ข J K Seeds
โ€ข Rallis India Limited.

Key Market Segmentation:

The report has segmented the Indian seed market on the basis of crop type and region.

Breakup by Crop Type:

โ€ข Wheat
โ€ข Paddy
โ€ข Vegetables
โ€ข Cotton
โ€ข Maize
โ€ข Groundnut
โ€ข Soybean
โ€ข Others

Breakup by Region:

โ€ข Uttar Pradesh
โ€ข Madhya Pradesh
โ€ข West Bengal
โ€ข Rajasthan
โ€ข Punjab
โ€ข Maharashtra
โ€ข Andhra Pradesh
โ€ข Bihar
โ€ข Karnataka
โ€ข Others

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ% ๐Ÿ๐ซ๐ž๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=743&flag=C

Key Highlights of the Report:

โ€ข Market Performance (2017-2022)
โ€ข Market Outlook (2023-2028)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

IMARC Group

134 N 4th St Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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