GHANA SEED MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Ghana Seed Market Analysis:

The Ghanaian seed market is projected to experience growth from USD 8.97 million in 2023 to USD 10.70 million by 2028, with a compound annual growth rate (CAGR) of 3.60% during the forecast period (2023–2028).

Over the past decade, Ghana’s seed sector has undergone significant expansion, with the development and availability of improved and locally adapted seed varieties. However, the adoption rate of these improved varieties remains low, with only approximately 30% of farmers utilizing them as of 2022.

The declining availability of arable land per capita due to population growth and land degradation is a major concern for agricultural production in Ghana. Nevertheless, this trend is driving the seed industry, as farmers seek to increase yields from decreasing per capita arable land through the use of high-yielding and hybrid varieties. This shift in focus from conventional seed sources to packaged seeds that promise better returns is expected to continue.

Furthermore, the demand for seeds across the country remains largely untapped, presenting multinational corporations with opportunities for expansion and a broad customer base. Additionally, the growth of the seed market in Ghana is being driven by the increased cultivation of vegetables, as a result of changing dietary preferences and increased cash flows received by farmers.

Several players are taking initiatives to boost the growth of the seed market, such as the “1 Household, 1 Garden” initiative led by the Agrihouse Foundation in Ghana, which motivates and supports the people of Ghana to contribute to the growth of the seed market.

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