Seeds Market Overview
The global Seeds Market is expected to reach USD 82.7 billion by 2030. The market will register growth at a 4.8 % CAGR during the forecasted period of 2020 to 2030.
Seeds are considered one of the most critical components on which agricultural sectors of almost every nation rely. Due to erratic weather conditions and other environmental issues such as droughts and floods, the dependence on biotechnology has increased. The application of biotechnology makes it possible to create crop varieties that are not only stress-tolerant but also highly nutritional and healthy for consumption. In the digitalized era, there has been a significant surge in biotech crops such as corn, soybeans, etc.
The integration of innovative technologies has increased the attractiveness of the global seed market. The seed market has the potential to resolve the crop shortage and food crisis problems that are arising in different nations across the globe. During the forecasted period, a key variable that is expected to contribute to market growth is the high demand for varieties of seeds in developing economies. Several market players that function in the prevailing seed market overview have been focusing on specific traits and attributes in seeds, such as high resistance to insects and high tolerance to herbicides.
Key Players
Prominent players in the global seeds market include Bayer AG (Germany), DowDuPont Inc. (France), Syngenta AG (Switzerland), Monsanto Company (US), Groupe Limagrain (France), KWS SAAT SE (Germany), Land O'Lakes Inc. (US), Maharashtra Hybrid Seeds Co. (India), Gansu Dunhuang Seeds Co. Ltd (China) and Sakata Seeds Corporation (US).
Market Segments
The global seeds market overview can be segmented by type, category, crop type, seed treatment, and trait.
The market can be further subdivided into genetically modified (GM) and non-genetically modified seeds. Based on the category, the market can be categorised into organic and conventional. The crop type segment can be further fragmented into cereals and grains, fruits and vegetables, oilseeds and pulses, and others. The seed treatment market segment can be divided into treated and non-treated seeds. Based on the trait, the market can be categorised into herbicide-tolerant, insecticide-tolerant, and others.
Regional Analysis
The global Seeds market has a strong presence in different regions across the globe. Based on the geographical segmentation of the seeds market insights, the major regions include Europe, North America, Asia Pacific, and the Rest of the World.
The North American region, which has been a global leader, is anticipated to maintain its solid performance in the seeds market share over the anticipated time. The solid performance can be attributed to major market players in the region.
Additionally, the rise in preference for commercially produced seed varieties among farmers can positively influence the growth trajectory of the seeds market.
seeds market size has anticipated that the Asia-Pacific and European regions will also play vital roles and contribute to strong market performance at the global level.
Industry News
March 2022 – Sakata Seed Corporation established a Culiacan Innovation Center in Mexico, a key player in the global Seeds Market setting. Such a strategic move aims to strengthen activities such as breeding and marketing different varieties of seeds that can create value for the Mexican and Central American markets. This move can give the business entity a competitive edge by driving innovation. In the research facility, the company will get an opportunity to take advantage of the climatic conditions of Mexico to produce high-quality crops with high nutritional content.
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