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

According to IMARC Group's latest report, titled "𝐒𝐞𝐞𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: 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:

• Advanta
• DuPont
• Kaveri Seeds
• Syngenta
• Bayer
• J K Seeds
• 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:

• Wheat
• Paddy
• Vegetables
• Cotton
• Maize
• Groundnut
• Soybean
• Others

Breakup by Region:

• Uttar Pradesh
• Madhya Pradesh
• West Bengal
• Rajasthan
• Punjab
• Maharashtra
• Andhra Pradesh
• Bihar
• Karnataka
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=743&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.