Biological Seed Enhancement Market size is estimated to be USD 2.5 Billion in 2024 and is expected to reach USD 5.8 Billion by 2033 at a CAGR of 10.2% from 2026 to 2033.
The Biological Seed Enhancement Market in South Korea is undergoing significant transformation, driven by governmental initiatives and industry demands for sustainable agriculture. The Ministry of Agriculture, Food, and Rural Affairs (MAFRA) has launched the "3rd Master Plan to Promote the Seed Industry (2023-2027)," allocating KRW 1.941 trillion to bolster seed industry innovation and competitiveness. This plan emphasizes the development of high-value seeds through technological advancements, including digital breeding techniques.
Key strategies under this plan include:
Commercialization of new breeding technologies, with a budget of KRW 298.9 billion.
Development of essential seeds with competitive advantages, allocated KRW 199.5 billion.
Strengthening infrastructure for seed industry growth, with KRW 337.6 billion.
Policy support to foster company growth and development, amounting to KRW 45.1 billion.
Improvement of food crop supply and development of the seedling nursery industry, with KRW 1.059 trillion.
Industries are increasingly seeking seeds that offer resilience against pests and diseases, improved yield, and adaptability to climate change. The demand for genetically improved and disease-resistant seeds is rising, aligning with the adoption of advanced agricultural techniques like precision farming and smart agriculture. Additionally, the focus on environmentally friendly practices is steering the market towards organic and non-GMO seeds.
Personal experience in the field indicates that farmers are more inclined to adopt seeds that not only promise higher yields but also contribute to sustainable farming practices. The integration of biotechnology in seed development is not just a trend but a necessity to meet the evolving challenges in agriculture. The emphasis on research and development, supported by substantial government funding, is expected to propel the Biological Seed Enhancement Market forward, ensuring food security and agricultural sustainability in South Korea.
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Bayer
Syngenta
BASF
Monsanto Bioag
Dupont
Italpollina
Koppert
Inctec
Plant Health Care
Precision Laboratories
Verdesian Life Sciences
Valent Biosciences
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Biological Seed Enhancement Market
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
Seed Coating
Seed Priming
Seed Pelleting
Agricultural
Horticultural
Turf and Ornamental
Biological
Genetically Modified
Microbial Inoculants
Plant Growth Regulators
Biological Pesticides
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Biological Seed Enhancement Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Biological Seed Enhancement Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Biological Seed Enhancement Market, By Type
6. South Korea Biological Seed Enhancement Market, By Application
7. South Korea Biological Seed Enhancement Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Biological Seed Enhancement Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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