Due to its strategic position, wherein it is near to the major regional markets of China, Bangladesh, Thailand, etc., there is a major opportunity for companies to exploit Myanmar’s transforming domestic economy. With only 19% of its land being used for agriculture and the presence of rich water resources, the potential for increasing the land used for agriculture is huge.
Majority of the companies’ active in Myanmar are involved in seed production and distribution of hybrid corn and vegetables. In the overall vegetable seed market, 30-40% constitutes certified vegetable seeds, while hybrid corn seed has a coverage of more than 90%.
Most agricultural research in the region is carried out by MoAI, MoLF, and MOCEAF. The Department of Agricultural Research (DAR) in the Ministry of Agriculture and Irrigation accounts for majority of the share in providing agricultural research to the Government of Myanmar. Some of the important seed companies in Myanmar include East West Seed Company, Myanma Awba, Bayer crop science, Charoen Pokphand seeds, Known You Seeds, and Agro Bio Product Co. Ltd., among others.
The major factors limiting the growth of the market are lack of knowledge regarding the benefits of using improved varieties of seed, and lack of access to quality agro inputs. The market is driven by factors, such as development of export markets due to proximity to markets in China, India, Bangladesh, and Thailand, and increasing demand for vegetables in Myanmar.
The market is segmented based on crop type into grains and cereals, vegetables, and others, with grains and cereals occupying the majority of the market share in the country. The vegetable market of Myanmar is expected to witness a CAGR of 8.2% during the forecast period.
Major Companies in the Sector Include:
East West Seed Company Charoen Pokphand Seeds Known-You Seed Myanmar Bayer CropScience Myanma Awba Dagon Group Agro Bio Product Co. Ltd. Recent Industry Insights
East West Seeds, which is registered as a foreign company in Myanmar, is establishing its first commercial seed processing facility in the country, which will possibly have an internationally-recognized quality assurance system, along with modern seed processing technologies. Ministry of Agriculture, Livestock and Irrigation (MOALI) is constantly encouraging the involvement of the private seed sector companies to get involved in seed production. Myanmar CP Livestock Co. (MCPLC), a subsidiary company of the Charoen Pokphand Group (CP) from Thailand, holds about majority of share of the Myanmar corn seed market, followed by the government (with XX% share). Key Deliverables in the Study
Market analysis for the Myanmar seed market, with region-specific assessments and competition analysis. Market overview and identification; analysis of the macro and micro factors that affect the Myanmar seed market and are instrumental in changing the market scenario, on both global and regional scales. Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests, financial information, and strategies adopted by them to sustain and grow in the studied market.