The modest
increase in domestic consumption of seed, rise in number of South Africans in commercial farming along with gradual
stabilization in seed and food export to other African countries have been the
key factors supporting growth in South Africa Seed Market.
South Africa’s seed market witnessed majority
of the demand from wheat, soybean, oats, sorghum, barley, dry bean, maize,
ryegrass, triticale and few vegetable seeds. Majorly demand for open pollinated
seeds was the highest, followed by hybrid and genetically modified seeds in all
the crops. The key growth drivers of the seed market have been the modest
increase in domestic consumption and exports to other African countries. The
competition in the local market has been intense due to the presence of a large
number of local and global players producing high quality seeds.
The South African seed market is at a very
mature stage and has number of players that are gradually expanding their
business into other African countries and around the globe. SANSOR is also in
the process of building up an efficient seed sales web-portal for its member.
The portal is expected to further augment the growth of the seed market in
South Africa. The increase in net farm income along with demand of seeds within
SADC countries has majorly resulted in the overall growth of seed market in the
country.
The report titled “South
Africa Seed Market by (Open Pollinated, Hybrid and Genetically Modified Seeds),
by Crop Type (Wheat, Soybean, Oats, Sorghum, Barley, Dry Bean, Maize, Ryegrass,
Triticale, Vegetable Seeds) - Outlook to 2022” by Ken Research
suggested a growth at a positive CAGR in revenues in South Africa seed market
due to increase in local consumption and growth of seed exports in next 5 years
till 2022.
For more
information on the research report, refer to below link:
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