PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476357
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476357
Wheat Seed Market Forecasts to 2030 - Global Analysis By Type, Breeding Technology, Application and By Geography
According to Stratistics MRC, the Global Wheat Seed Market is accounted for $4.92 billion in 2023 and is expected to reach $7.84 billion by 2030 growing at a CAGR of 6.9% during the forecast period. The wheat seed market refers to the global trade and distribution network involved in the cultivation, sale, and exchange of wheat seeds for agricultural purposes. It encompasses a range of activities including the production, processing, marketing, and distribution of wheat seeds to farmers and agricultural businesses worldwide. Wheat seeds are the foundational input for wheat production, crucial for ensuring crop yields, quality, and resistance to pests and diseases.
According to the USDA report, in 2019 the total production of wheat was 1.884 billion bushels of winter, spring, and durum wheat on 47.8 million acres of cropland.
Market Dynamics:
Driver:
International trade and market integration
As countries become increasingly interconnected through trade agreements and globalization, the demand for high-quality wheat seeds transcends national borders. Access to diverse genetic resources from various regions allows for the development of wheat varieties tailored to different climatic conditions and consumer preferences. Furthermore, market integration fosters competition among seed companies, incentivizing innovation in breeding techniques and seed traits. This results in the availability of improved wheat varieties with higher yields, disease resistance and nutritional content.
Restraint:
Biological constraints
Biological constraints are impeding the growth of the wheat seed market through various avenues. One significant factor is the increasing prevalence of wheat diseases and pests, which pose significant challenges to seed production and quality. These biological factors necessitate constant research and development efforts to breed resistant varieties, adding complexities and costs to the seed production process. However, climate change-induced environmental shifts, such as altered precipitation patterns and temperature fluctuations, further exacerbate these challenges by influencing the geographic suitability for wheat cultivation and altering the prevalence and distribution of pests and diseases.
Opportunity:
Demand for wheat products
As the global population continues to expand, coupled with rising urbanization and changing dietary preferences, there is an increasing demand for wheat-based products such as bread, pasta, and breakfast cereals. This surge in demand necessitates higher agricultural productivity, prompting farmers to seek advanced wheat seed varieties with enhanced yield potential, disease resistance and adaptability to diverse environmental conditions. Agricultural research and development investments are channeled into breeding and producing superior wheat seed varieties to meet the evolving needs of farmers and consumers alike.
Threat:
Market competition
The presence of numerous suppliers vying for market share intensifies price competition, often leading to lower profit margins for producers. Stringent regulations and intellectual property rights surrounding seed technology limit the scope for innovation among smaller players, thereby favoring larger, more established companies with greater resources for research and development. However, the dominance of major seed corporations may restrict the entry of new competitors into the market, creating barriers to entry for smaller firms and potentially stifling diversity in seed varieties.
Covid-19 Impact:
Disruptions in global transportation and trade led to logistical challenges, affecting the distribution of wheat seeds. Restrictions on movement and labor shortages also hindered agricultural activities, including planting and harvesting, which consequently affected the demand for wheat seeds. Economic uncertainties prompted some farmers to reduce their input costs, including expenditure on seeds, thereby influencing purchasing patterns. Heightened awareness of food security issues during the pandemic might have led to increased demand for wheat seeds in some regions.
The Durum Wheat Seed segment is expected to be the largest during the forecast period
Durum Wheat Seed segment is projected to hold the largest share of the market over the forecasted period. Durum wheat is highly sought after for its superior quality and desirable characteristics, making it a preferred choice for pasta production, a staple in many cuisines worldwide. As global demand for pasta continues to rise, the demand for Durum wheat seeds follows suit, driving market growth. Additionally, Durum wheat is resilient to harsh environmental conditions, making it suitable for cultivation in diverse regions, thereby expanding market reach.
The Personal Planting segment is expected to have the highest CAGR during the forecast period
Personal Planting segment is expected to have the highest CAGR during the projection period by empowering individual farmers to tailor their crop selections to specific needs and conditions. This customization not only increases crop productivity but also fosters sustainability by reducing the need for chemical inputs and promoting biodiversity. Additionally, personal planting encourages experimentation and innovation, as farmers explore diverse varieties that may not have been readily available through traditional commercial channels.
Region with largest share:
Due to the continuous advancements in agricultural science, resulting in the development of high-yielding and resilient wheat seed varieties, North America region dominated the largest market share during the extrapolated period. Farmers in the region are increasingly recognizing the benefits of adopting these technologies, including improved crop yields, resistance to diseases and pests, and better adaptability to varying environmental conditions. Furthermore, the growing demand for wheat, both domestically and internationally, is compelling farmers in the region to seek out innovative seed solutions to meet the market demand efficiently.
Region with highest CAGR:
Asia Pacific region is poised to witness profitable growth over the projection period. Government policies and subsidies in the Asia Pacific region have played a crucial role in enhancing the wheat seed market. These policies often aim to incentivize wheat cultivation, improve crop yields, and ensure food security. Subsidies may include financial support for purchasing quality seeds, implementing modern farming techniques, and accessing necessary equipment and infrastructure. Additionally, governments in the region may provide research grants and promote technology transfer to improve seed quality and resilience against pests and diseases.
Key players in the market
Some of the key players in Wheat Seed market include BASF SE, Advanta Seeds, Corteva Agriscience, Florimond Desprez, Groupe Limagrain, Hefei Fengle Seed Industry Co. Ltd, Kaveri Seeds, ProHarvest Seeds, RAGT Group and Seed Co. Limited.
Key Developments:
In November 2023, Australian Grain Technologies (AGT), has secured land ideal for its plant breeding operations with the purchase of 105 hectares near Wasleys, approximately 70kms north-east of Adelaide.
In October 2023, Corteva Agriscience Announces Plant Breeding Innovation to Combat Corn Disease. The company advanced a revolutionary gene editing technology in its R&D pipeline, which packages multiple disease-resistant traits into one gene location, enhancing protection against North America's major corn diseases in elite corn hybrids.
In November 2022, Advanta Seeds (United Phosphorus Ltd.) and Bunge signed an agreement to acquire a 20% stake each in SEEDCORP|HO. This intended investment is part of UPL Group's OpenAg purpose to drive collaboration to offer a complete package of solutions for farmers.
In October 2022, BASF and its commercial partner Seednet released two new wheat varieties, Kingston and Reilly, into the Australian market for the 2023 winter cropping season.
In February 2022, Limagrain Cereal Seeds launched the first CoAXium soft white winter wheat varieties with PNW-adapted pedigrees. This variety offers good straw strength, medium height, and heavy test weight and carries the allele for the soil-borne wheat mosaic virus.
Types Covered:
- Durum Wheat Seed
- Hard Red Spring Wheat Seed
- Soft White
- Hard White
- Soft Red Winter
- Hard Red Winter
- Other Types
Breeding Technologies Covered:
- Hybrids
- Open Pollinated Varieties
- Other Breeding Technologies
Applications Covered:
- Personal Planting
- Farm Planting
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Wheat Seed Market, By Type
- 5.1 Introduction
- 5.2 Durum Wheat Seed
- 5.3 Hard Red Spring Wheat Seed
- 5.4 Soft White
- 5.5 Hard White
- 5.6 Soft Red Winter
- 5.7 Hard Red Winter
- 5.8 Other Types
6 Global Wheat Seed Market, By Breeding Technology
- 6.1 Introduction
- 6.2 Hybrids
- 6.2.1 Transgenic Hybrids
- 6.2.2 Non-Transgenic Hybrids
- 6.3 Open Pollinated Varieties
- 6.4 Other Breeding Technologies
7 Global Wheat Seed Market, By Application
- 7.1 Introduction
- 7.2 Personal Planting
- 7.3 Farm Planting
- 7.4 Other Applications
8 Global Wheat Seed Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
10.1 BASF SE
10.2 Advanta Seeds
10.3 Corteva Agriscience
10.4 Florimond Desprez
10.5 Groupe Limagrain
10.6 Hefei Fengle Seed Industry Co. Ltd
10.7 Kaveri Seeds
10.8 ProHarvest Seeds
10.9 RAGT Group
10.10 Seed Co. Limited
List of Tables
- Table 1 Global Wheat Seed Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 4 Global Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 5 Global Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 6 Global Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 7 Global Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 8 Global Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 9 Global Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 10 Global Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 11 Global Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 12 Global Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 13 Global Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 14 Global Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 15 Global Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 16 Global Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 17 Global Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 18 Global Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 19 Global Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 20 North America Wheat Seed Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 22 North America Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 23 North America Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 24 North America Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 25 North America Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 26 North America Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 27 North America Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 28 North America Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 29 North America Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 30 North America Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 31 North America Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 32 North America Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 33 North America Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 34 North America Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 35 North America Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 36 North America Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 37 North America Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 38 North America Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 39 Europe Wheat Seed Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 41 Europe Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 42 Europe Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 43 Europe Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 44 Europe Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 45 Europe Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 46 Europe Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 47 Europe Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 48 Europe Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 49 Europe Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 50 Europe Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 51 Europe Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 52 Europe Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 53 Europe Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 54 Europe Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 55 Europe Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 56 Europe Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 57 Europe Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 58 Asia Pacific Wheat Seed Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 60 Asia Pacific Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 61 Asia Pacific Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 62 Asia Pacific Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 63 Asia Pacific Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 64 Asia Pacific Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 65 Asia Pacific Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 66 Asia Pacific Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 67 Asia Pacific Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 68 Asia Pacific Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 69 Asia Pacific Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 70 Asia Pacific Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 71 Asia Pacific Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 72 Asia Pacific Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 73 Asia Pacific Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 74 Asia Pacific Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 75 Asia Pacific Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 76 Asia Pacific Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 South America Wheat Seed Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 79 South America Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 80 South America Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 81 South America Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 82 South America Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 83 South America Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 84 South America Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 85 South America Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 86 South America Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 87 South America Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 88 South America Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 89 South America Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 90 South America Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 91 South America Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 92 South America Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 93 South America Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 94 South America Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 95 South America Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 Middle East & Africa Wheat Seed Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Wheat Seed Market Outlook, By Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Wheat Seed Market Outlook, By Durum Wheat Seed (2021-2030) ($MN)
- Table 99 Middle East & Africa Wheat Seed Market Outlook, By Hard Red Spring Wheat Seed (2021-2030) ($MN)
- Table 100 Middle East & Africa Wheat Seed Market Outlook, By Soft White (2021-2030) ($MN)
- Table 101 Middle East & Africa Wheat Seed Market Outlook, By Hard White (2021-2030) ($MN)
- Table 102 Middle East & Africa Wheat Seed Market Outlook, By Soft Red Winter (2021-2030) ($MN)
- Table 103 Middle East & Africa Wheat Seed Market Outlook, By Hard Red Winter (2021-2030) ($MN)
- Table 104 Middle East & Africa Wheat Seed Market Outlook, By Other Types (2021-2030) ($MN)
- Table 105 Middle East & Africa Wheat Seed Market Outlook, By Breeding Technology (2021-2030) ($MN)
- Table 106 Middle East & Africa Wheat Seed Market Outlook, By Hybrids (2021-2030) ($MN)
- Table 107 Middle East & Africa Wheat Seed Market Outlook, By Transgenic Hybrids (2021-2030) ($MN)
- Table 108 Middle East & Africa Wheat Seed Market Outlook, By Non-Transgenic Hybrids (2021-2030) ($MN)
- Table 109 Middle East & Africa Wheat Seed Market Outlook, By Open Pollinated Varieties (2021-2030) ($MN)
- Table 110 Middle East & Africa Wheat Seed Market Outlook, By Other Breeding Technologies (2021-2030) ($MN)
- Table 111 Middle East & Africa Wheat Seed Market Outlook, By Application (2021-2030) ($MN)
- Table 112 Middle East & Africa Wheat Seed Market Outlook, By Personal Planting (2021-2030) ($MN)
- Table 113 Middle East & Africa Wheat Seed Market Outlook, By Farm Planting (2021-2030) ($MN)
- Table 114 Middle East & Africa Wheat Seed Market Outlook, By Other Applications (2021-2030) ($MN)
