Australia Oilseed Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2024-2032)

Based on breeding type, genetically modified have been driving the Australia oilseed market as they offer potential benefits in yield, pest and weed management, and production efficiency.

The Australia oilseed market is experiencing growth due to genetically modified oilseeds, which are engineered with specific traits like herbicide and insect tolerance. These seeds provide numerous advantages, including higher yields, better crop resilience, and improved weed and pest management. Herbicide-tolerant seeds allow effective weed and pest management, while insect-resistant traits reduce the need for chemical insecticides thus promoting sustainable agricultural practices and eventually driving the growth of the Australia oilseeds market.

In New South Wales (NSW), a new variety of soybean, Gwydir has been developed that boosts the profitability and productivity of growers. This variety of soybean is resistant to soybean leaf rust, an airborne fungal disease that thrives in wet conditions where it destroys the green leaves and prevents the grain from filling the pods. Gwydir’s improved weather tolerance will help growers to maintain their yield and crop quality, driving the overall Australia oilseed market revenue.

The growing focus on improving water productivity has led the NSW Department of Primary Industries (DPI) to work with the Australian cotton industry to improve the productive and sustainable use of irrigation water. They have noticed half as much water was used in 2021 to grow a kilogram of cotton lint. This research has led to increased yield and reduced water consumption.

Australia Oilseed Market Share

Herbicide-tolerant traits are genetically modified oil seeds designed to withstand specific herbicides, allowing farmers to control weeds more effectively without damaging the crop. This trait is valuable for increasing crop yields and reducing labour and production costs. The ability to use herbicides to manage weeds efficiently leads to better crop health and higher productivity, making herbicide-tolerant oil seeds a preferred choice among farmers in the oil seeds market.

Leading Companies in the Australia Oilseed Market

The growth of the oilseed market is fueled by the increasing use of genetically modified breeding methods to grow oilseeds, the development of new varieties of soybean and improved water productivity.

• ADM Trading Australia Pty Ltd.
• BASF SE
• Graincorp Limited
• Cargill Australia Limited
• Corteva Agriscience
• Syngenta Australia Pty. Ltd.
• GenTech Seeds Pty Ltd.