Europe Seeds Market is Poised to Undergo a Substantial Growth until 2025
Increasing demand for biofuels and introduction of latest technologies in farming to drive Europe seeds market.
According
to TechSci Research report, “Europe Seeds
Market By Type (Hybrid, Genetically Modified, Varietal), By Crop Type (Cereals
& Grains, Oilseeds & Pulses, Cotton, Fruits & Vegetables,
Olericulture, Others), By Trait (Herbicide Tolerance, Insecticide Resistance,
Others), By Availability (Farm Saved, Commercial), By Sales Channel (Direct,
Indirect), By Seed Treatment (Treated, Non-Treated), By Country, Forecast &
Opportunities, 2025”, the market is anticipated to undergo significant growth
rate during the forecast period owing to increasing demand for food grains, oil
seeds and vegetables around the world. Additionally, rapid population growth
which has increased the demand for food by 70% and changing diet patterns are
some key factors driving the growth of Europe seeds market. Furthermore, advancements
in technology and introduction of enhanced seed varieties are acting as major
booster for the growth of this market. Moreover, various advantages offered by
enhanced varieties of seeds are compelling farmers to buy them more and hence,
the market is expected to grow substantially in the coming years.
Moreover, growing adoption of sustainable agricultural
practices are further supporting the growth of seeds market. The rising concern
of food safety is also acting as a major growth driver for this market. Apart
from that, availability of hybrid seeds and advent of new breeding technologies
are acting as a positive factor for fueling seeds market. Moreover, with increasing
expenditure and funds for agricultural sector by governments, the market is
poised to undergo a healthy growth during the forecast period.
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The Europe
seeds market is segmented based on type, crop type, trait, availability, sales channel,
seed treatment and region. Based on crop type, market is further segmented into
cereals & grains, oilseeds & pulses, cotton, fruits & vegetables,
olericulture and others. Among them, the cereals & grains segment is
expected to dominate the Europe market during the forecast period owing to the
growing consumption of grains as a staple food in many countries particularly,
Asian and Southeast Asian countries. However, fruits & vegetables segment
is expected to undergo rapid growth owing to the increasing number of health
and fitness conscious population.
Based
on type, Europe seeds market is segmented into hybrid, genetically modified and
varietal. Among these, the hybrid seeds segment is expected to undergo the
highest CAGR during the forecast period owing to the disease- and
pest-resistant properties of these seeds. They are being adopted due to the
continuous pressure for high crop production for food security. Moreover, the farmers
are also aware of the benefits of using hybrid seeds and hence the segment is expected
to undergo high demand.
Major players operating in the Europe seeds
market include Bayer Crop Science AG & Monsanto, Syngenta AG &
Sinochem, E.I. du Pont de Nemours and Company, BASF SE, Groupe Limagrain,
Sakata Seed Corporation, Corteva, Inc., Land O'Lakes, Inc., Takii & Co.,
Ltd, Sakata Seed, KWS SAAT SE & Co. KGaA, East-West Seed International,
Beidahuang Kenfeng Seed, Nuziveedu Seeds Limited, Kaveri Seed Company Limited,
DLF Seeds & Science, Barenburg, UPL Ltd, Beidahuang Kenfeng Seed and Invivo.
Leading companies are investing on new technologies to bring new variety of
crops which give greater yield and productivity.
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“Asia-Pacific
is acting as a favorable market for seed manufacturing companies and the region
is expected to undergo rapid growth until 2025. Additionally, growing
population in countries such as China and India is creating huge demand for
food and hence, there is a growing need for higher yield variety of seeds. The
market is witnessing increasing seed replacement rates, particularly in crops such
as maize, rice and vegetables. This is expected to act as a major driver for
the growth of Europe seeds market,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Europe Seeds Market By Type (Hybrid,
Genetically Modified, Varietal), By Crop Type (Cereals & Grains, Oilseeds
& Pulses, Cotton, Fruits & Vegetables, Olericulture, Others), By Trait
(Herbicide Tolerance, Insecticide Resistance, Others), By Availability (Farm
Saved, Commercial), By Sales Channel (Direct, Indirect), By Seed Treatment
(Treated, Non-Treated), By Country, Forecast & Opportunities, 2025” has evaluated the
future growth potential of Europe seeds market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Europe
seeds market.
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