The worst years of the industry coincided with the worst of Australian droughts during 2008-09. As agricultural production suffered from punishing weather conditions, demand for seeds fell substantially as farmers avoided purchasing seeds with no end to the drought in sight. Industry revenue is forecast to decline by an annualised 0.1% in the five years through 2013-14 to reach $299.0 million. This includes a 0.3% forecast growth rate in 2013-14, supported by steady demand from grain growers. The industry features several large players and a multitude of small-scale seed growers.
This industry primarily produces seeds for propagation. This includes seeds for crops, such as grains, oilseeds, vegetables and fruit, and flowers. This industry includes large agricultural companies that produce genetically modified seeds, but excludes firms that import seeds and do not maintain local seed production capabilities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.