Seeds worth around Tk 10,000 crore are being sold in the country every year. The top demand is rice seeds. And vegetable seeds are at the top of demand. Now every year karla seeds are being sold for 142 crore rupees. Then there are tomatoes at the top of seed sales. Tomato seeds worth Tk 96 crore are being sold every year. And cucumber seeds are being sold for 96 crore rupees.
Although a handful of businesses were involved after the independence of the country, great development took place in this sector after the nineties. Since then many corporate entities have been associated with the seed sector. Besides, the students studying in the Agricultural University also formed the institution. As a result, about 200 small and large companies in the country are now associated with this business. However, only a handful of institutions are producing seeds by developing varieties through research. As a result, seeds that are well-adapted to climate change are being marketed. So that the local demand is met. Vegetables are also being exported abroad.
Notable names in the seed sector now are Lal Tir, United, Jamalpur Seed, ACI, Supreme, AR Malik, Metal, Mallika, BRAC, Bayer Crop Science, Ispahani, National Agricare, Partex Seed, Krishibid Seed, Getco and Babylon Seed.
A review of various data by the Department of Agricultural Extension and the Bangladesh Bureau of Statistics shows that in 2021, various seeds including vegetables, paddy, wheat, maize, jute, tea and tobacco were sold in the country to the tune of Tk 8,924 crore. Of this, seeds worth Tk 2,600 crore have been supplied by various manufacturers and importers. The rest of the seeds were provided by farmers and local collectors. Seeds of different organizations are packaged and seeds of farmers are open.
The seed market can be divided into two parts. Vegetable seeds; Paddy, wheat and other seeds. Annually, various companies are selling vegetable seeds at a cost of Tk 1,600 crore. Hybrid rice seeds are being sold for 1 thousand crore rupees.