The Indian agricultural sector has grown excessively during the last few decades, keeping pace with the rising food demand. Major growth in agricultural production is a result of improving productivity, as land area under agriculture has been declining over the years. The Indian seed market has witnessed a major restructuring as a result of the implementation of some progressive policies by the government. Owing to the government's reforms, India has emerged as the fifth largest seed market across the globe. Moreover, the active participation of both, public and private sectors has also played a vital role in laying a strong foundation of the industry.
This includes launching initiatives to promote the use of hybrid seeds among the farmers who had earlier used outmoded open pollinated varieties. Some other growth-inducing forces, such as growth in income levels, commercialization of agriculture, patent protection systems and intellectual rights over plant varieties, have given a great push to the market.
The Indian seed industryis a relatively mature industry, with both the private and public sectors playing important roles in seed production. Seed production for commercial purposes were initially carried out by public seed agencies like National Seed Corporation (NSC), State Farms Corporation of India, etc. The demand for quality seeds by farmers led to a rapid development in the private sector. The private sector now accounts for the majority of the Indian seed market share. Because of the high demand, the seed industry is a “GO-TO” investment when it comes to the Indian market. It’s not an untouched market but the market itself is open to all sorts of innovations and upgrades, because the seed industry and the agriculture sector in general is very dependant to the weather. Through detailed analysis in the seed sector it has been concluded that the unpredictable weather patterns and high dependence on monsoon rain, are the major factors limiting the market growth. The market is driven by factors such as increased demand of vegetables and higher acceptance of commercial seeds for assured yield and productivity. Like I mentioned the market is open to innovation and in regards to that, around the world there are millions of events, expos, that are happening daily, where creators come to showcase their contribution towards the seed industry and make their contribution to the growth of the agricultural sector.
The market is divided, based on the crop type, into grains and cereals, vegetables and others.The grains and cereals are subdivided into rice, wheat, millets while vegetables are further segmented to onion and others. Currently, grain seeds represent the largest seed type, accounting for more than a half of the total seed production. Other major seed types include oil, vegetable and fruit seeds.
Just to recap, the Indian seed market is on the rise as we speak and it’s a great entrepreneurial opportunity, because it is on the rise, is always welcome to innovation and new technologies and daily people are thinking of ways to get the best product - the best and the newest seed for the market. Also by investing in the seed sector you are also investing into the agricultural sector and with that you are making the lives of farmers around the world easier by giving them technologies that will help them grow their crops faster and you are also coming up with new types of quality seeds from which they can grow and produce plants, which they can later on sell to the general public.