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Drought Tolerant Seeds Market Share

Report ID: GMI10490
Published Date: Jul 2024
Report Format: PDF

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Drought Tolerant Seeds Market Share

Drought Tolerant Seeds Market Company Share, (2023)

The drought tolerant seeds industry is dominated by several key players who are at the forefront of research, development, and commercialization of innovative seed varieties. Global agricultural giants like Monsanto (now part of Bayer), Syngenta, Bayer CropScience, BASF SE, and DowDuPont (now Corteva Agriscience) lead the industry with their extensive R&D capabilities, broad product portfolios, and global reach. These companies have invested heavily in biotechnology and advanced breeding techniques to develop drought-resistant crop varieties. Alongside these multinational corporations, specialized seed companies such as Nuseed Pty Ltd., Calyxt Inc., and Stine Seed Farm Inc. have carved out significant niches in the market, often focusing on specific crops or regional markets.

The market also includes important regional players and innovative startups. Companies like Maharashtra Hybrid Seed Company (MAHYCO) and JK Agri Genetics Ltd. have strong presences in emerging markets, particularly in Asia. Pioneer Hi-Bred International Inc., a subsidiary of Corteva Agriscience, is known for its corn and soybean varieties. The presence of companies like R. Simplot Co., Cyanamid Agro Ltd., Ciba, and Rhone-Poulenc (now part of Bayer) in this list reflects the historical development of the industry and ongoing consolidation through mergers and acquisitions. This diverse array of companies ensures a competitive landscape that drives innovation and addresses the varying needs of farmers across different geographies and crop types.

Drought Tolerant Seeds Market Companies

Top companies operating in the industry include:

Monsanto
Syngenta
Bayer CropScience
BASF SE
Nuseed Pty Ltd.
Calyxt Inc.
DowDuPont
Stine Seed Farm Inc.
Maharashtra Hybrid Seed Company (MAHYCO)
R. Simplot Co.
Jk Agri Genetics Ltd.
Pioneer Hi-Bred International Inc.
Cyanamid Agro Ltd.
Ciba
Rhone-Poulenc

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for drought tolerant seeds achieved USD 97.1 billion in 2023 and will record 6.5% CAGR from 2024 to 2032, as they help the farmers to mitigate the risks associated with unpredictable weather conditions and ensure crop yields even in water-stressed environments.

The cereals & grains segment will demonstrate a 6.4% CAGR through 2032 due to the critical role of cereals and grains as staple foods for the global population, their vulnerability to climate change, and their economic importance as cash crops.

Asia Pacific drought tolerant seeds industry reached USD 36.3 billion in 2023 and will record 6.8% CAGR during 2024 and 2032, fueled by the increasing impacts of climate change, rapid population growth, and rising food demand.

Nuseed Pty Ltd., Calyxt Inc., DowDuPont, Stine Seed Farm Inc., Maharashtra Hybrid Seed Company (MAHYCO), R. Simplot Co., Jk Agri Genetics Ltd., Pioneer Hi-Bred International Inc., Cyanamid Agro Ltd., and Ciba among others.