The seeds market is estimated at USD 58.8 billion in 2023 and is projected to reach USD 83.3 billion by 2028, at a CAGR of 7.2% from 2023 to 2028 according to a report published by MarketsandMarkets™. As customers demand organic and pesticide-free food, the organic agricultural business has grown significantly. Organic farming primarily relies on certified organic seeds, increasing demand for organic seeds and contributing to the expansion of the seeds industry. The move to renewable energy sources has resulted in an increase in biofuel production. Feedstock for biofuel production includes crops such as maize, soybeans, and canola. As a result, the demand for seeds ideal for biofuel crops has surged, propelling the seeds industry forward, further fueling the growth of the market.
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