Seed Market in Pakistan

1. Seed Market in Pakistan – Industry Analysis, Size, Share, Growth, Trends, and Forecast The seed market in Pakistan is projected to expand at a CAGR of 5.1%, during the forecast period, 2021-2028. Growth of the market is attributed to rising demand from the agriculture sector. Pakistan has a continental type of climate characterized by extreme variations in temperature and rainfall. Pakistan is generally dry and has low rainfall. The Himalayas and Kashmir mountains are the main sources of irrigation water. In Pakistan 58.5 million hector is arable land of which 22 million hector is under cultivation. Cereals, legumes, and cash crop occupy 16% of the cropped area. Oilseeds, vegetables, condiments, and fruits occupy the remaining 21% of the cultivated area. The government of Pakistan prioritizes agricultural research sector. The national seed council (NSC) is the supreme body for formulating national policies and regulating the seed sector. It approves seed standards and regulates interprovincial movements of seed. The council represents all institutions concerned with the development of the seed industry in Pakistan. Government privatization policies have encouraged private sector plant breeding. Multinational seed companies have started introducing, testing, and submitting their hybrid varieties of maize, sorghum, sunflower, and sudax for registration and release. In practice, more than 90% of cereal seed requirements, as well as nearly all legume, oilseed, and fodder crop requirements, were met by other sources, primarily the private sector. Onion and tomatoes are the most important vegetable crop grown extensively in tropical and sub-tropical climate. Pakistan’s seed sector is dependent on two key regulations, the seed amendment act of 2015 and the plant breeder rights act 2018. Pakistan is both a producer and importer of hybrid crops and products. With the introduction of the kisan card, Pakistan has achieved a long-term goal of agricultural development. The scheme unites 3.5 million farmers under a centralized system that streamlines the issuance of loans and subsidies while tracking the farmers' entire farming activity. Subsidies for cotton, wheat, rice, sunflower, and canola seeds, as well as fertilizer funds, would be administered through it.

2. Market Trends, Drivers, Restraints, and Opportunities Increasing initiatives and support from government is projected to drive the market. Increasing hybrid seeds has encouraged the producers to produce more seeds; this in turn has fueled the market. Increasing export of seeds from the country is anticipated to create immense opportunities for the market players.    Sample - https://growthmarketreports.com/request-sample/1729 Market Segment Insights The transgenic segment is estimated to hold a major market share during the forecast period Based on types, the seed market in Pakistan is segregated into transgenic, non-transgenic, and open pollinated. The transgenic crops segment is projected to expand at a high CAGR during the forecast period. A transgenic crop is a genetically modified organism (GMO). Transgenic indicates that a transfer of genes has occurred using recombinant DNA technology. A transgenic crop contains one or more genes that have been inserted artificially either from an unrelated plant or from different species altogether. Non-transgenic crop usually means that the genetic makeup of the plants and animals used in the product has not been altered for the purposes of food. The Punjab holds major share during the forecast period On the basis of province, the seed market in Pakistan is bifurcated into Punjab and Sindh. Punjab is Pakistan's major agricultural province, with wheat and cotton being the most widely grown crops. Mango orchards are majorly found in Sindh and Punjab provinces, making Pakistan the world's fourth largest mango producer. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1729 Competitive Landscape The seed market in Pakistan is highly competitive, major market players include Bayer Crop Science Pakistan (Pvt.) Ltd, Four Brothers Group, ICI Pakistan Limited, and Ali Akbar Group. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve

3. sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter