Pune, 22, Nov, 2022: According to the new market research report Seeds Market by Crop Type (Conventional, Genetically modified), Type (Cereals & grains, Oilseeds & pulses, Fruits & vegetables, and others). Global Seeds market is expected to grow from USD 77.4 billion in 2021 to USD 111.8 billion in 2029, at a CAGR of 4.7 percent for the forecast period from 2022 to 2029.
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Seeds Market Scope and Research Methodology
This study focuses on the major driving factors and restraints that affect the seeds market. Global and regional players in the Seeds industry are discussed in depth, including revenue data and market share information. The Seeds market analysis includes growth in seeds production, information about the potential market and needs, and lists of potential competitors. MMR has segmented the global Seeds Market report based on Type, Crop Type, and region. The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Our team of analysts can also provide you with data in excel files and pivot tables or can assist you in creating presentations from the data sets available in the report.
The bottom-up approach was used for market estimation and global market trend analysis. Data was collected employing both primary and secondary research methods for a large sample to get accurate inferences. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to understand the strengths and weaknesses of key companies and PESTLE to grasp the various factors affecting the market. Thus the report provides a complete overview of the Seeds Market.
Seeds Market Overview
Seeds provide food for humans, animals, and other living creatures. Globally, seeds account for 95% of total food production. Approximately 250 types of seeds are consumed by humans and animals across the world. The growing importance of protein and vitamin-enriched diets and supplementary products, as well as increased awareness of the adverse effect of trans-fatty acids in the European region, North America, and Asia, has boosted the seed industry to satisfy global demand.
Seeds Market Dynamics
The seed market is growing because to increased demand for hybrid and open-pollinated seeds from organic producers, animal feed, food, and biofuel industries. Hybrid seeds have witnessed significant growth, mainly from the major agriculture-producing countries due to their various benefits such as higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. In cotton, hybrids yield 50% more than conventional varieties. Their adaptability is attributed mostly to their high buffering capacity to environmental fluctuations. Hybrid seeds are created to meet the needs of consumers and farmers. Adaptability, nutrition, taste, yield, colour, shape, size, cooking quality, taste, and shelf-life are some of the properties of hybrid vegetables. Hybrid seeds are gaining popularity because of their advantages over non-hybrid seeds. The usage of hybrid vegetable planting seeds helps to protect crops from many types of environmental stress, such as insects and plant diseases. Furthermore, these seeds have a high yield potential with consistent performance throughout the year. Farmers’ adoption of hybrid seeds has resulted in the development of many seed companies over the last three decades that encourages the companies to provide quality seeds.
Climate change is a major cause of concern for agricultural productivity across the world. Changes in climatic conditions have a significant impact on agricultural productivity, and crops are susceptible to diseases and pests. This, in turn influences crop health and causes deviations in farming methods. Furthermore, research over many decades has proven the seasonal effects of temperature, rainfall, and humidity on disease and its development and growth on seed material, resulting in significant crop loss. Changes in temperature and increase in atmospheric moisture content are expected to hamper the seed market growth during the forecast period.
Seeds Market Regional Insights
Asia Pacific currently has had the highest market share for seeds and is expected to maintain that position during the forecast period. The growing agriculture sector, increased knowledge about the health benefits of vegetables, and increasing area under agricultural crops are the major factors boosting the market in this region. China and India are the region’s leading consumers and producers of crops. Furthermore, China is the world’s leading market, and these factors would contribute to the region’s dominance in the global market.
The North American market is expected to grow significantly in the coming years. With increasing demand for foods in the United States, Canada, and Mexico. Furthermore, the demand for hybrid tomato, lettuce, and sweet pepper seeds is increasing in the country, fuelling the Seeds market in the United States.
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Seeds Market Segmentation
By Crop Type:
- Genetically modified
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
Seeds Market Key Competitors:
- Bayer Crop Science AG
- Syngenta AG
- KWS SAAT SE
- Sakata Seed Corporation
- AgReliant Genetics, LLC
- DLF Seeds A/S
- Yuan Longping High-tech Agriculture Co., Ltd.
Key questions answered in the Seeds Market are:
- What is Seeds?
- What is the growth rate of Seeds Market during the forecast period?
- What is the nature of competition in Seeds industry in developed economies and developing economies?
- Who are the key players in the Seeds Market?
- Who are the market leaders in Seeds in Europe?
- Who are the market leaders in Seeds in USA and Canada?
- Who are the market leaders in Seeds in India, China, Japan and South Korea?
- What are the factors affecting growth in the Seeds Market?
- Who held the largest market share in Seeds Market?
- What are the factors for the growth of Asia-Pacific region in Seeds Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Crop Type and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Flaxseeds Market – Flaxseed Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. The Global Flaxseeds market has been witnessing steady growth during the 2022-2029 period. It is anticipated to grow at a CAGR of 12% throughout the period of assessment to reflect a market value of US$ 1519.64 Mn by 2029 from a value of US$ 613.75 Mn in 2021.
Seed Coating Materials Market –The Seed Coating Materials Market size is expected to reach USD 4.01 billion by 2029 at a CAGR of 8.67 percent during the forecast period. Growing agricultural investments, significant advancements in agrarian tools/facilities, and increased farmer awareness of the importance of genetically modified seeds are also significant factors driving the global demand for seed coating materials during the forecast period.
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