Seeds Market is Witness a Substantial Growth until 2025
Growing demand for food grains and introduction of enhanced seed varieties to drive global seeds market.
According
to TechSci Research report, “Global 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 Region, Forecast & Opportunities,
2025”, the global seeds market is anticipated to witness
significant growth during the forecast period owing to the increasing demand
for food grains, oil seeds and vegetables around the globe. Additionally, rapid
population growth, which has increased the demand for food by 70% and changing
diet patterns of the consumers are some key factors driving the growth of
global seeds market. Furthermore, advancements in technology and introduction
of enhanced seed varieties are acting as major booster for the growth of this
market. Also, various advantages offered by enhanced varieties of seeds are motivating
farmers to use them in farming, which is in turn, fueling the market for seeds.
Moreover, increasing adoption of sustainable agricultural
practices is further expected to supplement the growth of seeds market. Also,
rising concern for 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 growth of seeds
market. With increasing expenditure and funds for agricultural sector by
governments, the market is further anticipated to register a healthy growth rate
during the forecast period.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on "Global Seeds Market"
The global
seeds market is segmented based on type, crop type, trait, availability, sales channel,
seed treatment and region. Based on crop type, the market is further segmented
into cereals & grains, oilseeds & pulses, cotton, fruits &
vegetables, olericulture and others. Among them, cereals & grains segment
is expected to dominate the global 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 witness rapid growth owing to the increasing
number of health and fitness conscious individuals.
Based
on type, the global seeds market is segmented into hybrid, genetically modified
and varietal. Here, the hybrid seeds segment is currently dominating the market
and is expected to undergo the highest CAGR during the forecast period owing to
the disease and pest-resistant properties of these seeds. Additionally, these are
being increasingly adopted due to the continuous pressure for obtaining higher
yields from the crops. Moreover, the farmers are also aware of the benefits of
using hybrid seeds and hence, the segment is expected to witness high demand.
Major players operating in the global 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.
The companies are investing on new technologies to bring new variety of crops
which gives 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, thereby fueling the need for higher yield variety of seeds. Moreover, the
market is witnessing increasing seed replacement rates, particularly in crops such
as maize, rice and vegetables. This is acting as a major driver for the growth
of global seeds market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global 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 Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global 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 global seeds market.
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