The export and import taxes levied on seeds in the Southeast Asian nations, among other government policies and restrictions, had a favorable effect on the seed industry. For instance, crop seeds were free from VAT, meaning that during the 2018–2019 fiscal year, no output VAT was levied on the supply of crop seeds in the Southeast Asian countries. Seed and seedling sales and imports were exempt from duties in these nations. Adoption of numerous genetically altered characteristics over the past 20 years has increased yield and acreage in many agricultural areas. These include i) cultivars that are herbicide-tolerant and ii) single-pest resistant variants with Bacillus thuringiensis (Bt) proteins. Agro-biodiversity has improved, yields per unit area have increased, and better quality seeds have helped farmers and food producers. Growing private sector investment in the vegetable seed business is anticipated to provide significant development prospects. Spending from the business sector is crucial to enhancing the tools and knowledge used in vegetable seed breeding initiatives all over the world. Vegetable cultivation space is expected to offer promising business potential.
Coherent Market Insights estimates that the size of the global Vegetable Seed Market was estimated at US$ 7,255 million in 2022, and from 2023 to 2030, it is predicted to increase at a compound annual growth rate (CAGR) of 4.8%.
Leading Companies in the Reputable businesses in the Vegetable Seed Industry:
1. Bayer CropScience AG
The firm was started in 1863 and is based in Leverkusen, Germany. The business sells seeds, crop protection, and non-agricultural pest management items. Bayer and Crystal Crop introduced chemicals to combat plant hoppers in paddy fields in June 2023. In order to provide farmers with cutting-edge solutions and make it easier for them to realize the best price for their crops, Bayer and Cargill signed a memorandum of understanding (MoU) in June 2023.
2. Groupe Limagrain
The company was founded in 1965 and is based in Saint-Beauzire, France. The business specializes on cereal products, vegetable seeds, and field seeds. The business breeds, grows, and distributes cereals, seeds, and grains like wheat and corn. A brand-new R&D facility was opened by Groupe Limagrain in Khon Kaen, Thailand.
3. Syngenta AG
The company was started in 2000 and is based in Basel, Switzerland. The company Syngenta AG sells seeds and herbicides among other agricultural technologies and research. A year-round supply of sweet pepper types seeds with the best resistance package suited for conventional or organic farming were introduced by Syngenta in February 2020. Vegetable seeds of the Easy-Broq brassica, baby plum tomato, and Champion cabbage product lines were released by Syngenta in January 2020.
4. Rijk Zwaan Zaadteelt En Zaadhandel BV,
The company was founded in 1924 and is located in De Lier, Netherlands. The business runs fruit and vegetable fields. The company sells pickles, celery, carrots, lettuce, lemons, and cucumbers. Rijk Zwaan sells goods in the organic, industrial, convenience, sensational flavor, and sensational snack categories.
5. Sakata Seed Corporation
The business was started in 1913 and is located in Yokohama, Kanagawa, Japan. The business is a wholesaler of flowers, vegetables, fruits, and seeds, seedlings, and bulbs. The business also sells equipment and supplies for landscaping and gardening in bulk. To enhance seeds and seedlings, Sakata Seed carries out research and development. In Israel's City of Rehovot, Sakata Seed Corporation opened a new branch office in June 2023.
6. Takii & Co. Limited
The firm was started in 1835 and is based in Kyoto, Japan. The business develops and manufactures seeds. The company provides a range of vegetable seeds, including leafy crops and seeds for fruit crops including cucumber, eggplant, hot pepper, melon, squash, sweet pepper, tomato, and watermelon.
7. Bejo Zaden BV
The company was started in 1978 and is based in Warmenhuizen, Netherlands. The business also collects seeds from romanesco, radicchio rosso, fennel, and cabbage. Producing organic seed for organic vegetable farming, Bejo Zaden exports a variety of seeds suited for different markets and climatic regions.
Definition: Embryonic plant life begins as seeds. They include a little plant with a root, stem, and leaves, as well as endosperm and a seed coat that serves as protection. In addition, they provide nutrients for the seed to grow into a plant.
