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Report Title

South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022

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South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022


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South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022

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South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022



Executive Summary

The report titled “South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022” provides a comprehensive analysis of seed market in South Korea. The report covers South Korea Seed market size, market segmentations by open pollinated and hybrid seeds, by crop type (rice, barley, sorghum, maize, potato, raddish, cabbage, onion, pepper, other vegetables, fruits & flower seeds), by market source (domestic production and imports) and by market structure (organized and unorganized market). The report also covers market in different aspects such as trends and developments, issues and challenges, SWOT analysis, trade scenario, regulatory scenario, market share of major seed producers and company profiles of major seed producers (Syngenta, Monsanto, Rijk Zwaan, Sakata, Takii Seeds, FarmHannong Seeds, FST Vegetable Seed Company and Asia Seeds). The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Industry Overview
South Korea is predominantly an importer of grain crops. This is mainly due to shortage of cropland in the country. The agriculture sector contributed around 2.2%of the GDP of the country. However, the seed industry in the country is rising exponentially owing to the government initiative; “Golden Seed Project” launched in 2012. The revenues of the seed market in South Korea have reached USD ~ million in 2017 from USD ~ million in 2012. Under the Golden Seed Project the government has decided to invest over USD 722 million for the development of the industry in the country. The focus of the project is to make South Korea one of the leaders in research and development of newer varieties of seeds. Rice is one of the staple food crops of South Koreans and most of it is domestically produced and consumed, owing to this there is high demand for rice seeds in the country. Apart from rice, majority of the demand for seed comes for vegetables. The most prominent are raddish, cabbage and onion. The extensive efforts and investment made by the government into the industry is gradually liberalizing the South Korean seed market.

Market Segmentation of South Korea Seed Market
Type of Seed: In terms of revenue, the South Korea seed market is dominated by open pollinated seeds which accounted for ~ %, while the hybrid seeds accounted for ~ % of the total revenue of the seeds market in South Korea in 2017. The use of genetically modified seeds is banned in the country..
Type of Crop: On the basis of crop the seed market in South Korea was dominated by rice, barley, sorghum, maize, potato, raddish, cabbage, onion, pepper, other vegetables, fruits & flower seeds.

By Source: The seed market in South Korea is largely dependent on imports. The imports accounted for ~% (USD ~ million) of the total seed market in South Korea during 2017 and the total domestic production accounted for ~% (USD ~ million).

By Market Structure: The seed market in South Korea is dominated by organized players which accounted for ~% (USD ~ million) share of the overall revenue during 2017. A number of unorganized players are also present in the market. The unorganized market accounted for ~% (USD ~ million) of the overall revenue during 2017.

Competitive Scenario in South Korea Seed Market
The seed industry in the country has been dominated by organized; both domestic & global players in the market which have accounted for major market share during 2017. There exists health competition in the market due to a number of local players in the market. The indigenous players also focus heavily on research and development of newer varieties of vegetable seeds. The global players largely import seed from countries in Europe. The market in South Korea is dominated by players including Syngenta, Monsanto, Rijk Zwaan, Sakata, Takii Seeds, FarmHannong Seeds, FST Vegetable Seed Company and Asia Seeds.

Monsanto South Korea is a subsidiary of a global seed company Monsanto based in St. Louis, US. The company produces range of vegetables seeds for the South Korean market. The company has accounted for share of ~% in the overall market during 2017. Syngenta Seed South Korea is a global company formed during 2000 by the merger of Novartis Agribusiness and Zeneca Agrochemicals. The company produces seeds for pepper, cabbage, watermelon, onion, cucumber, tomato, pumpkin, paprika and other vegetables. The company has accounted for a share of ~% in the overall market during 2017. Rijk Zwaan is a Dutch company established in Rotterdam. The company is amongst the top 5 vegetable breeding companies in the world. The company has accounted for a share of ~% in the overall market during 2017. FarmHannong Seeds is one of the market leaders in plant breeding, production, processing, marketing and the sales of hybrid vegetable in the country. The company deals in almost 550 varieties of 23 different crops with diverse brand strategies. The company has accounted a share of ~% of the total revenue during 2017. Other major players in the South Korea seed market are Sakata, Takii Seeds, FST Vegetable Seed Company and Asia Seeds.

Future Potential of South Korea Seed Market
The revenue from the South Korea seed industry is projected to register a steady and modest growth over the period 2017-2022. It is projected to grow by CAGR of ~% over the period 2017-2022 and is expected to reach USD ~ million in 2022 as compared to USD ~ million in 2017. The overall growth in the market will be supported by the demand for rice and vegetable seeds. The Golden Seed Project initiated by the government will bring South Korea amongst the leaders of global seed industry. The government is focusing on developing an infrastructure that extensively focuses on research and development of newer seed varieties and also leads to the development of the local industry. The country wishes to liberalize its seed industry. Owing to these initiatives the indigenous companies are likely to grow substantially in the future and expand their business to other countries.

Key Topics Covered in the Report:
South Korea Seed Market Revenue
South Korea Seed Market Production Output
Open Pollinated Seed Market
Hybrid Seed Market
Competition in South Korea Seed Industry
Major Crop Production in the Country
Market Share of Major Players in South Korea
Rice Seeds Market Demand
Vegetable Seeds Market Production
Import and Export of Seed in South Korea
Future Outlook for South Korea Seed Market
South Korea Seed Market Trends and Developments
SWOT Analysis and Regulations in the Sector

 

1. Executive Summary
2. Research Methodology
3. Overview and Genesis of South Korea Seed Market
3.1. Agricultural Overview
3.2. Land under Cultivation and Distribution of Major Crops
3.3. Farm Holding Structure in South Korea*
4. Value Chain Analysis in South Korea Seed Market
5. South Korea Seed Market Size
5.1. By Revenue, 2012-2017
5.2. By Sales Volume, 2017
6. South Korea Seed Market Segmentation on the Basis of Revenue
6.1. By Technology Type (Open Pollinated and Hybrid Seeds), 2012-2017
6.2. By Crop Type, 2012-2017
6.2.1. Rice Seed Market
6.2.2. Barley Seed Market
6.2.3. Sorghum Seed Market
6.2.4. Maize Seed Market
6.2.5. Potato Seed Market
6.2.6. Raddish Seed Market
6.2.7. Cabbage Seed Market
6.2.8. Onion Seed Market
6.2.9. Pepper Seed Market
6.2.10. Other Vegetable Seed Market
6.2.11. Fruits Seed Market
6.2.12. Flower Seed Market
6.3. By Market Source (Domestic Production and Import) on the basis of Revenue, 2017
6.4. By Market Structure (Organized and Unorganized) on the basis of Revenue , 2017
7. SWOT Analysis in South Korea Seed Market.
8. Trade Scenario in South Korea Seed Market – By Value, Volume and Major Destinations, 2012-2017
8.1. Import Scenario
8.2. Export Scenario
9. Trends and Developments in South Korea Seed Market
10. Issues and Challenges in South Korea Seed Market
11. Regulatory Environment
11.1. State and Territory Regulations of Genetically Modified Crops
11.2. Government Role and Regulations in South Korea Seed Market
12. Competitive Scenario in South Korea Seed Market, 2017
13. Market Share of Major Players in South Korea seed Market, 2017
14. Company Profiles for Major Players in South Korea Seed Market
14.1. Syngenta
14.2. Monsanto
14.3. Rijk Zwaan
14.4. Sakata Seeds
14.5. Takii Seeds
14.6. FarmHannong Seeds
14.7. FST Vegetable Seeds Co.,
14.8. Asia Seeds
15. South Korea Seed Market Future Outlook and Projections by Revenue, 2018-2022
15.1. By Type (Open Pollinated and Hybrid Seeds), 2018-2022
15.2. By Crop Seed Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables & Fruits Seeds) 2018-2022
16. Analyst Recommendations
17. Macroeconomic Factors Affecting South Korea Seed Market
17.1. Farm Income, 2012-2022
17.2. Number of farms, 2012-2022
17.3. Crop output/ production, 2012-2022
17.4. Land under Cultivation in South Korea, 2012-2022
17.5. Agriculture Contribution in GDP
Disclaimer
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*Some of the qualitative or quantitative information provided would highly depend upon the computerized assisted telephonic conversations (CATIs) with industry experts. On the basis of the discussion, the section could be edited or deleted as per the information availability. All limitations and approach used will be clearly mentioned in the report.

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Syngenta, Monsanto, Rijk Zwaan, Sakata Seeds, Takii Seeds, FarmHannong Seeds, FST Vegetable Seeds Co., Asia Seeds

Rice Seed,Barley Seed, Sorghum Seed, Maize Seed, Potato Seed, Raddish Seed, Cabbage Seed, Onion Seed, Pepper Seed Market, Fruits Seed Market, Flower Seed Market


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