India Seed Market Outlook to FY’2020 – Rapid Hybridization and Increased Government Support to Foster Future Growth" provides a comprehensive analysis of the seeds market in India including market size, segmentation on the basis of hybrid and non-hybrid seeds, vegetable and non-vegetable seeds industry structure and regional and national players. The report also covers market in different aspects such as market size, segmentation of market on the basis of farm save and commercial seeds, import and export of seeds in the market.

1. India Seed Market Report -
2020

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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
Ankur@kenresearch.com
+91-9015378249

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