Product Code: ETC385104 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India vegetable seeds market import shipments demonstrated steady growth with a CAGR of 8.2% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024 with a decline of -1.3%. Overall, the market expanded but showed signs of stabilizing towards the end of the period.
The vegetable seeds market in India is projected to reach US$ 1.87 billion over the years, registering a CAGR of 8.3% during the forecast period. The growth of the market can be attributed to increasing awareness about benefits related to hybrid vegetable seed production and rising demand for certified/hybrid seeds from farmers across the country.
Growing Demand for Nutritious Food: As awareness about health and nutrition increases, consumers are showing a preference for fresh and organic vegetables, driving the demand for quality vegetable seeds.The India government has been actively promoting agricultural development and providing subsidies and incentives to farmers for adopting improved seed varieties, fostering growth in the vegetable seeds market.Research and development in seed technology have led to the development of high-yielding and disease-resistant vegetable seed varieties, boosting productivity and attracting farmers to invest in these seeds.The increasing trend of commercial vegetable farming has raised the demand for high-quality seeds, as farmers seek to enhance their yields and profitability.
In the context of the India vegetable seeds market, challenges have arisen due to the changing climate patterns and unpredictable weather conditions. Erratic rainfall and extreme temperatures can adversely affect seed germination and crop yields, leading to reduced production. Furthermore, the proliferation of counterfeit seeds in the market has posed a significant threat to both farmers and seed companies, undermining the integrity of the industry. Additionally, the lack of access to advanced seed technologies and limited adoption of genetically modified seeds have also hindered the growth of the sector.
The India vegetable seeds market witnessed a significant impact due to the COVID-19 pandemic. With the imposition of nationwide lockdowns and disruptions in supply chains, the market faced challenges in production, distribution, and sales. Farmers` access to quality seeds was hindered, leading to uncertainty in crop yields and reduced agricultural output. Despite the challenges, the market also experienced a surge in demand as people turned to home gardening and growing their own food during the lockdowns. However, the overall growth of the market was hampered by logistical constraints and decreased consumer purchasing power.
In the India vegetable seeds market, several key players have emerged as significant contributors to the industry`s growth and development. Companies such as Mahyco Seeds, Advanta Limited, Namdhari Seeds, and Nuziveedu Seeds have established themselves as leading providers of high-quality vegetable seeds, offering a diverse range of varieties that cater to the diverse agricultural needs of India farmers.