Jun 3, 2019
Seeds Market Worldwide Research Report by Type (GM (Genetically Modified) Seeds, Non-GM), Category (Organic and Conventional), Crop Type, Trait (Herbicide–Tolerant, Insecticide–Resistant) and Region
pune, India - June 3, 2019 /MarketersMedia/ —
Market Dynamics
After carefully analyzing the latest trends across the globe, Market Research Future (MRFR) is of the view that the seeds market is set to experience a high growth by garnering massive revenues by 2023. Furthermore, the market is slated to rise at a lucrative growth rate over the forecast period (2018-2023).
Market Highlights
Seeds are known for carrying out various functions for plants including dispersing to new locations, nourishing the embryo, and dormancy in unfavorable conditions. Easy availability of high-quality seeds at the needed time in appropriate quantity influences the strength as well as the health of an agricultural economy. Good quality of seeds that go hand in hand with several agro-climatic conditions in adequate quantity at cost-effective prices are required for increasing the overall crop productivity.
The development of the global seed market has also been dependent on factors like need for increasing food production, growing usage of biofuels & animal feed and modernization of agriculture. Moreover, emergence of latest seed technologies like seed pelleting and seed coating, surge in the usage of waste land for agricultural purposes, diversification of diets, and progressively accommodative regulations are supporting the growth of the market as well. Besides, technical and financial aid from foreign agencies like Rockefeller Foundation, the U.S. Agency for International Development (USAID), Ford Foundation and World Bank in the early stages of seed development for enhancing processing of seed, breeding, as well as quality control elevates the market position to a large extent.
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But the complicated and extensive research required for the development of new types of seeds could have a debilitating effect on the market growth. Yet, the emergence of latest technologies with a wide range of benefits compared to the conventional ones, improvement in the seed replacement rate (SRR), and the hike in the demand for seeds in the developing nations are predicted to ensure the relentless growth trajectory of the market in the years to come.
Key Players
• Maharashtra Hybrid Seeds Co. (India)
• Gansu Dunhuang Seeds Co., Ltd (China)
• Sakata Seeds Corporation (US)
• Syngenta AG (Switzerland)
• Groupe Limagrain (France)
• DowDuPont Inc. (France)
• Monsanto Company (US)
• KWS SAAT SE (Germany)
• Land O'Lakes, Inc. (US)
• Bayer AG (Germany)
Market Segmentation
The global Seeds Market has been segmented on the basis of category, crop type, seed treatment and trait.
By category, the global seeds market has been considered for organic and conventional, with the conventional segment projected to amass the substantial share in the global seeds market on account of the easy availability of conventional seeds. Whereas, the growth of the organic segment is presumed to be at a higher rate owing to the preference for organic and natural products among consumers.
The crop types mentioned in the report include cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Out of these, the cereals & grains segment is most likely to accrue the larger share in the global seeds market on account of the intensive agriculture practices followed for elevating the productivity as well as the yield of the crop. The segment has been predicted to project a better growth rate during the evaluation time frame as a result of the growing inclination of farmers towards the enhanced seeds varieties that have been commercially produced rather than using the seeds produced in the last harvest.
Based on the seed treatment, the worldwide seeds market has been broken down into treated and non-treated. The treated segment is anticipated to grab the larger portion of the global market with the growing awareness regarding the various benefits including less environmental impact as well as the cheaper price. As the treatment of seed helps with the early growth of the plant, in addition to maximizing seedling establishment, the expansion of the segment has been forecasted by the data experts in the upcoming years.
In terms of trait, the seeds market caters to herbicide-tolerant, insecticide resistant, and others. Among these, the herbicide-tolerant segment is poised to amount to a higher revenue since herbicide-tolerant crops are generally used for providing better yields compared to the conventional crops. On top of that, the herbicide-tolerant traits are primarily utilized in cotton crops with corn and soybean following closely. Also, the segment is predicted to clock in a higher growth rate during the conjectured time frame backed by the surging demand by the farmers to get rid of the weeds found in fields.
Regional Outlook
Global Seeds Market is spread across the key regions of Europe, Asia Pacific, North America, and the rest of the world (RoW).
Securing the top position in the global seeds market, Asia Pacific is the largest regional market in terms of revenue with the backing from several factors like the presence of several established industry players as well as the growing agricultural exports. The dominance of the region is the result of the increasing preference of farmers for commercially produced seeds coupled with the boost in the crop production. Other than this, the rise in the government initiatives within the agriculture industry in the region is expected to elevate the market position even higher.
Moving ahead, the seeds market in Europe is flourishing at an attractive growth rate with the growing demand for biofuels, which are sourced from energy crops such as soybean, wheat, rapeseed, sugarcane and corn. The regional market also benefits from the various proactive steps being taken by the government bodies, promoting the use of biofuels for restricting the rise in the environmental issues. Other than this, growing investments in projects for increasing the production of sustainable biofuel feedstock are expected to do wonders for the growth of the market in the years ahead. Furthermore, the rising need to curb the carbon footprint, in addition to control the environmental pollution is helping the market transform into a successful one in the global market.
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Organization: market research future
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Website: https://www.marketresearchfuture.com/reports/seeds-market-7252
Source: MarketersMedia
Release ID: 519487
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