India Maize Seed Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

India Maize Seed Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The India Maize Seed Market is projected to register a CAGR of 5.56%

Key Highlights

• Largest Segment by Breeding Technology - Hybrids : There is an increase in the demand for hybrid seeds due to an increase in the cultivation area under hybrid seed and availbility of improved hybrid seed varieties.
• Fastest-growing Segment by Breeding Technology - Hybrids : The major companies are developing new hybrids and the adoption of hybrids is high due to disease-resistant, increased shelf life, high yield, and wider adaptability.

Key Market TrendsHybrids is the largest segment by Breeding Technology.

• Hybrid maize seeds dominated the Indian maize seed market in 2021, holding a share of 68.6% compared to OPVs (31.4%) in 2021, mainly due to the high adoption rate of hybrid seeds by farmers in larger states of the country.​
• Currently, hybrid maize accounts for more than 60% of the total maize area in India. The need for high-yielding cultivars has been growing due to the widespread use of maize as feed and customers' growing interest in foods that are nutritionally enhanced.​
• According to the Federation of Indian Chambers of Commerce and Industry (FICCI), the rate of hybridization is 23%-100% in the Indian maize market, with Bihar and Tamil Nadu having the highest levels (100%) of hybridization, whereas open-pollinated seed varieties or inbred varieties occupied the remaining area.
• The majority of hybrid characteristics include uniform cobbs, resistance to biotic and abiotic challenges such as diseases, pests, drought, and other qualitative qualities like grain quality, a high number of cobbs, etc.​
• The main constraint in cultivating corn using OPVs is lower yields than hybrids. OPVs also have less vigor as the same seed offspring is utilized in subsequent agricultural seasons.​
• Thus, due to high yield, high resistance to diseases, and an increase in hybridization, the hybrid seed segment in the maize market is expected to record a CAGR of 5.9% during the forecast period.

Competitive Landscape

The India Maize Seed Market is fragmented, with the top five companies occupying 37.13%. The major players in this market are Bayer AG, Corteva Agriscience, Kaveri Seeds, Nuziveedu Seeds Ltd and Syngenta Group (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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