ASIA-PACIFIC MAIZE SEED MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 According to projections, the Asia-Pacific Maize Seed Market would grow at a CAGR of 3.21%. In comparison to open-pollinated varieties and hybrid derivatives, hybrid seeds led the maize seed market in the Asia-Pacific region in terms of volume and value. Hybrid maize seeds controlled 90.2% of the entire maize seed market in 2021. Non-transgenic maize seeds dominated the hybrid seed market in 2021, accounting for 86% of the share value in the area. With the exception of China, Vietnam, Japan, and Pakistan, many of the main producers of maize have not yet allowed the growing of transgenic maize.​

In 2021 compared to 2016, the non-transgenic hybrid segment's market share climbed by 33%, owing to the region's expanding organic farming industry and growing demand for organic foods.Many nations in the Asia-Pacific region forbid the contamination of human food by hybrids with molecular traits.

Less than hybrid seeds, open-pollinated types and hybrid derivatives made up 9.8% of the maize market in 2021. With a combined share of 78.9% of the region's open-pollinated variations, China and India are the two main producers of these kinds.​

One of the principal crops farmed in the Asia-Pacific region is maize. China dominates the market, with 83% of the value market share. China is followed in importance by India (6.1%), Indonesia (3.5%), and the Philippines (2.3%).
China produced 5% more maize than the previous year and 5% more than the average over the previous five years, according to USDA forecasts for the marketing year 2022/22. In the major producing provinces of Heilongjiang, Jilin, Henan, Inner Mongolia, Shandong, and Hebei, maize area has somewhat increased in recent years. The market share is anticipated to rise as a result.

Hybrids control the majority of the Japanese maize seed market, which will account for 96.2% of global market share in 2021. When it comes to hybrids, transgenic hybrids make up 41.2% of the market share value, while non-transgenic hybrids make up 58.8%. The market share for transgenic hybrids is anticipated to grow by 5% each year between 2022 and 2028 as a result of rising demand for pest-resistant variants.​

Major Players: Advanta Seeds - UPL, Bayer AG, Beidahuang Kenfeng Seed Co Ltd, Corteva Agriscience and Syngenta Group

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