Bio-seeds Market: Global Industry Analysis and Forecast (2024-2030)

Bio-seeds Market Overview

Bio Seed is a new, organic, seed and soil inoculant, designed to inoculate crops with beneficial bacteria (Paenibacillus azotofixans, Bacillus megaterium, B. mucilaginosus, B. subtilis) & fungi (Trichoderma harzianum). The growth of the market is attributed to the increasing demand for Bio-seeds owning to the Corn, Soybean, Cotton, Canola, Others Applications across the global level. Favorable government policies, regulations, and incentives promoting the use of Bio-seeds, such as subsidies for renewable energy projects and carbon pricing mechanisms, stimulate market growth.

 

The Global Bio-seeds market provides an in-depth analysis of the current market trends and prospects in the sector. It studies the various drivers, restraints, and opportunities influencing the growth of the market in detail. It also covers the prevailing market dynamics, such as the competitive landscape, product portfolios of major players, recent product launches and developments, and regional presence.

 

The report provides an all-inclusive analysis of the impact of various government initiatives, such as the subsidies and policies in various countries, on the growth of the Global Bio-seeds market. The market report lists the major players involved in the Bio-seeds Market under the competitive landscape and company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements, key developments, strategic approach to the market, position in the market, geographical penetration, and other key features.

 

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Bio-seeds Market Dynamics:

Rising Bio seeds Market Through Government Initiatives, Innovation, and Consumer Awareness

The growing adoption of bio seeds, thanks to increasing campaigns by government agencies in various countries, has led to the growth of the bio seeds market. In addition, new varieties of bio-seeds are being developed by numerous companies operating in the global market which has spurred growth in the global Bio Seeds Market.  Also, Technological advancements have led to the development of innovative Bio-seeds solutions, catering to diverse consumer needs. Additionally, increasing awareness among consumers regarding the benefits of Bio-seeds products has boosted demand across various industries.

 

Ongoing cost reductions in Bio-seeds production and installation, driven by economies of scale, technological advancements, and increased competition, make the solutions more affordable and accessible.

Global Dynamics Impacting the Acceptance and Growth of GM Crops and Bioseeds

GM crops are not universally accepted throughout the international market. Trading blocs such as the European Union (EU) have banned the import of crops with inserted genes, citing concerns about human health and the environment. The EU has thus far not been forced to accept GM crops because it has other sources of supply rather than the United States. Brazil, for example, does not allow the use of GM crops and remains a viable source of supply for those countries that do not import GM Crops.

 

Lack of awareness about the benefits of organic seeds in countries with less developed economies has been one of the major factors hindering the growth of the market. Also, the significant upfront investment required for the development and installation of the bioseed industry, especially for large projects, significantly hampers bioseed market growth.

 

Bio-seeds Market Segment Analysis:

By Type, Herbicides are chemicals that kill plants. Herbicide tolerance in plants permits greater amounts of herbicides to be applied without harming the crop, exceeding currently lethal doses. Any plant theoretically be engineered for tolerance, though currently corn, potato, tomato, and soybean crops have been the ideal targets. By offering crops tolerant to herbicides, chemical companies broaden the market for their products. The major developers of herbicide-tolerant plants are seed and pesticide companies, such as Novartis and Monsanto.

 

Herbicide-tolerant crops represent weed control technology that is combined with preventive, cultural, mechanical, and chemical measures as part of an integrated weed management (IWM) strategy. Herbicide-tolerant crops have been widely adopted by growers in the U.S. and Canada and offer enhanced weed control. BASF presents the latest advancements in its agricultural innovation pipeline of crop protection, seeds and traits, and digital solutions. the company is directing its innovations to improve outcomes for major regional crops, such as soy in the Americas, fruits and vegetables in Europe, and rice in the Asia Pacific. The value of the innovation pipeline remains strong, with an estimated peak sales potential of more than €7.5 billion fueled by products launched through the Forecast period.

 

• BASF is bringing a much-needed solution for over-the-top control of weeds in soybeans, developing an additional PPO herbicide with a corresponding herbicide tolerance gene. That gene was incorporated into a new herbicide tolerance trait developed by Corteva. It is a key element of a multi-generational soybean trait pipeline collaboration that is expected to be available in seed varieties in the early 2030s.

Bio-seeds Market Regional Insight:  

North America holds the largest share of the seeds Market. There are 190.4 million hectares of genetically modified crops. The United States is the leading country for GM crops based on acreage. Additionally, recent technological innovation and regulatory approvals for new bio-seeds with additional drought tolerance are boosting the market for bio-seeds globally through the forecast period. Sustainable farming practices in developing nations are expected to be a key impediment to Bio Seeds Market growth. Limited shelf-life is projected to harm product demand throughout the projection period, particularly for seeds, such as soybean, compared to other processed crop seeds.

 

Europe is the fastest growing region and holds XX % Market share in Bio Seeds Market. The European Union Council has rejected Spain’s latest bid to forge a joint position on the proposed deregulation of genetically modified crops produced using advanced gene editing techniques, with governments voicing concerns over safety, labeling, and social acceptance. The European Commission proposed in July a reform to regulations that currently apply the stringent requirements for risk assessment and traceability to novel genomic techniques (NGT) products as to GMOs created by splicing alien DNA into a plant's genome.

 

France greeted Spain’s support for excluding all GM crops from organic agriculture, and plants developed for herbicide resistance from category 1. Poland and neighbors in the EU's east signaled their opposition to the legislation in its current form. Romanian minister Florin Ionut Barbu listed several “non-negotiable” demands, including the complete separation of GM from conventional crops, labeling right up to the end of the food chain, and full risk analysis for each GM product, including category 1 plants.

Bio-seeds Market Competitive Landscape:

1. In July 2023,  Takii Seeds introduced a new variety of winter carrots called Fuyu Chiaki. The carrots are well-adapted to winter conditions and exhibit good cold resistance. Additionally, they thrive in a wide range of soils, making them a versatile choice for farmers.

 

2. In July 2023, Enza Zaden introduced new lettuce varieties that exhibit high resistance to three new Bermian races, namely, Bl: 38EU, Bl: 39EU, and Bl: 40EU. The new lettuce varieties not only offer high resistance to the races but also grow in various soil types while still achieving high yields.

 

3. In August 2023, LT Foods organic business division, Nature Bio Foods, inaugurated  A new plant in Uganda. It includes sesame seeds, chia seesd and sorghum in its growing ranmge of organic offerings. Commercing with an initial production capacity of 10,000 toones, the plant has amibitious plans to esclate the figures 18,000 tonnes by the year 2024.

 

Bio-seeds Market scope:

Bio-Seeds Market
Market Size in 2023	USD 1.30 Bn.
Market Size in 2030	USD 2.62 Bn.
CAGR (2024-2030)	10.5 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Type Herbicide Tolerance Insect Resistance Others
	By Application Corn Soybean Cotton Canola Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Key Player in the Bio-Seeds Market

1. Bayer CropScience AG - Germany
2. Syngenta Group – Switzerland
3. KWS SAAT SE & Co. KGaA - Germany
4. Groupe Limagrain - France
5. BASF SE - Germany
6. Sakata Seed Corporation - Japan
7. Land O'Lakes, Inc. (WinField United) - USA
8. Mahyco Monsanto Biotech
9. Western Seed Company Limited - Kenya
10. S&W Seed Company - USA
11. Vilmorin & Cie - France
12. East-West Seed - Thailand
13. Yuan Longping High-Tech Agriculture- China