Seed Market Size Research Report
The GMI Research's latest analysis reveals that the Seed
Market is slated to register a significant CAGR over the forecast period. This
is attributed to the strong demand from animal feed, biofuels, the food &
beverage sector and the increasing population rate, and the high adoption of
biotech crops due to the rising demand for grains, oils, and vegetables.
Request
for a FREE Sample Report on Seed Market
Seed Market’s leading Manufacturers:
·
Bayer AG
·
Corteva
·
Syngenta International AG
·
KWS SAAT SE & Co. KGaA
·
Groupe Limagrain
·
BASF SE
·
Land O’Lakes, Inc.
·
TAKII & CO.,LTD.
·
Sakata Seed
·
Enza Zaden BV
Seed Market Dynamics (including market size, share,
trends, growth, forecast, and industry analysis)
Key
Drivers
The strong demand for animal feed, biofuels, the food &
beverage sector, and the increasing rate of the population worldwide are the
key drivers contributing to the growth of the seed
market. Moreover, farmers globally are inclining from conventional farming
methods to gain improved yield and profit from the limited resource
availability. Furthermore, there are various processes by which seeds can
generate crude vegetable oil that can be changed into biodiesel. Flax seeds is
an alternative for fish oil and have several applications in animal feed and
aquaculture. Additionally, the emerging trend for certified seeds among farmers
to get enhanced yield. Certified seeds are generated under strict seed
certification standards to balance varietal yield. In addition to this, the
high adoption of biotech crops due to the rising demand for grains, oils, and
vegetables is further augmenting the growth of the market. Due to the reduction
in per capita farmland, farmers are shifting towards the usage of high yield
varieties (HYVs) and hybrid varieties to get improved returns. Farmers are
drastically shifting towards packaged seeds from traditional seed sources that
enable better returns. All these factors are bolstering the growth of the seed
market.
The emergence of the COVID-19 pandemic has hindered the
production, certification, distribution, and cost of seeds in the starting
months, thereby acts as an important part of emerging resilient agricultural
industries and food systems. There is limited personnel available for
documentation processes, transportation, production, and a contraction in the
market of plants and seeds, which created issues in terms of the production of
seeds for international trade. All these factors are hampering the growth of
the seed market share in terms of revenue over the coming years.
Crop
Segment Drivers
Based on the crop, the grains & cereals is predicted to
rise at a higher CAGR as they are largely utilized as a staple food in several
Southeast Asian and Asian nations. Furthermore, the strong demand for crops
including sorghum with the rising market for biofuels. Additionally, there has
been an increase in per capita demand for cereals. For example, as per the
OECD-FAO, the consumption of cereals has increased to 2.9 billion metric tons will
2027 around the world due to the increasing awareness for vitamin and
protein-rich diets. These factors are responsible for the growth of the market.
Seed Market Segmentation:
Segmentation
by Crop:
·
Grains & Cereals
o
Maize
o
Rice
o
Wheat
o
Sorghum
o
Others
·
Pulses & Oilseeds
o
Soybean
o
Sunflower
o
Canola
o
Pulses
o
Others
·
Cotton
·
Vegetables
·
Others
Segmentation
by Type:
·
Conventional Seeds
·
Genetically Modified Seeds
Segmentation
by Trait:
·
Herbicide Tolerance
·
Insecticide Resistance
·
Other Traits
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is one of the leading market research and
consulting company that offers consulting services, syndicated research
reports, and customized market research reports. We help our client to make
informed business decisions and provide market intelligence studies related to
the various industries such as automotive, energy, healthcare, chemicals,
technology, and other sectors. Our research teams include seasoned analysts and
researchers have hands-on experience in every regions, including Asia-pacific,
Europe, North America, and the Rest of the World. Our market research report provides
in-depth analysis, which contains refined forecasts, a bird's eye view of the
competitive landscape, factors impacting the market growth, and several other
market insights to aid companies in making strategic decisions. Featured in the
‘Top 20 Most Promising Market Research Consultants’ list of Silicon
India Magazine in 2018, we at GMI Research are always looking forward to help
our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments