According to the latest report by IMARC Group, titled “Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global seeds market size reached a value of US$ 43.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.8 Billion by 2027, exhibiting a CAGR of 2.11% during 2022-2027. Seed refers to a small embryonic plant which plays a vital part in the reproductive process of plants. It is e-nclosed in an outer covering, known as the seed coat, that helps in providing protection to the embryo. Seeds perform numerous functions for the plant which include providing nourishment to the embryo, dispersing to new locations and dormancy in unfavourable weather conditions. Apart from this, seeds are considered as an important part of the ecosystem as they offer food to other species like humans, and are used for a variety of domestic as well as industrial purposes.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Industry Trends:
On account of rising population across the globe, the demand for food production is observing an increase, resulting in the growth of the global seeds market. In addition to this, due to rapid urbanization, the availability of per capita arable land has declined. Nonetheless, with the advent of genetically modified (GM) seeds, farmers are now able to increase the efficiency of their farmlands as GM seeds have higher yield than non-GM seeds. This is anticipated to drive the demand for GM seeds worldwide. Moreover, as government of several countries are encouraging the application of biofuel, due to its environmental advantages, the demand for crops like soybean and corn is increasing, in turn, augmenting the demand for seeds of these crops. Further, propelled by economic growth and escalating disposable incomes, the demand for agricultural produce from both the food and non-food sectors has been increasing constantly in a number of developing markets, such as India, China, Middle East, etc.
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Top Seeds Companies Worldwide 2022 :
The report has also analysed the competitive landscape of the market with some of the key players being.
- Bayer Crop Science AG
- Corteva
- Syngenta AG
- BASF
- Limagrain
- KWS SAAT SE
- Sakata Seed Corporation
- AgReliant Genetics, LLC
- DLF Seeds A/S
- Yuan Longping High-tech Agriculture Co., Ltd
Seeds Market Segmentation:
Our report has categorized the market based on region, type, seed type, trait, availability, and seed treatment.
By Type:
- Conventional
- Genetically Modified
By Seed Type:
- Oil seeds
- Soybean
- Sunflower
- Cotton
- Canola/Rapeseed
- Cereals & Grains
- Corn
- Wheat
- Rice
- Sorghum
- Fruits & Vegetables
- Tomatoes
- Melons
- Brassica
- Pepper
- Lettuce
- Onion
- Carrot
- Burpee & Park
- Other seeds
- Alfalfa
- Clovers and Other Forage
- Flower Seed
- Turf Grasses
By Trait:
- Herbicide-Tolerant
- Insecticide-Resistant
- Other Stacked Traits
By Availability:
- Commercial Seeds
- Saved Seeds
By Seed Treatment:
- Treated
- Untreated
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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