Seeds Market By Type (Grain Seeds, Oil Seeds, Vegetable Seeds, And Others), And Region - Global Forecast To 2028

Global Seeds Market: Introduction

“The global Seeds Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

Seeds comprise of a tiny embryo of a plant inside. A seed begins to form an embryo following fertilization and the start of a zygote. The seed halves contain food that supplies energy and materials for growth until the plant grows its first leaves above the ground. Seed aids in various functions for the plants such as nourishment of the embryo, dispersal to new locations, and dormancy during unfavorable conditions.

Global Seeds Market: Dynamics

Demand for seeds is expected to continue to rise over the forecast period owing to factor such as easy rising adoption of biotech crops that are technologically advent crops in the history of modern agriculture. In addition, growing demand for grains, oils & vegetables owing to increasing population changing demographics, economic growth, and changing diet and consumption patterns, are some other factors expected to drive growth of the target market over the forecast period.

According to the Census Bureau's International Data Base, the total population of the world exceeds 7.5 billion people as on September 19, 2018, and this number is continuing to grow each day. Moreover, expanding biofuel production especially from oil seeds such as soybean, rapeseed, canola, jatropha, sunflower, etc. and is a factor supporting the growth revenue of the target market. A biofuel is a fuel which is produced through biological processes using seeds, fossil fuels, etc.

However, the product recalls due to various serious and sometimes fatal infections in young children, frail or elderly people, and others, which can lead to a potential health hazards in healthy individuals and may suffer from short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea are some of the major factors restraining the growth revenue of the target market to a significant extent.

Increasing research and development activities in order to develop various diseases resistance seeds such as free from several different pathogens can cause these diseases including Fusarium, Rhizoctonia, Phytophthora, and Pythium. For instance, In January 2017, the government in Philippines are funding R&D investments for seed development to shape seed sector. In addition, major player in the seed market are adopting various revenue growth strategies such as entering into alliances, enhancing product portfolio, and expansion of marketing and distribution channels for increasing their market share in the global seed market.

For instance, In August 2018, Bayer CropScience AG completed the acquisition of Monsanto company which is the US-based agrochemical and agricultural biotechnology corporation company. Under this acquisition, the company on order to develop new product and technologies. The aforementioned are some current trends witnessed in the global seeds market and is expected to drive growth revenue of the target market.

Government support for exploring more new and efficient techniques and approaches for improving yield, quality, and other aspects related to seeds market, and is expected to create a lucrative growth opportunity for the market player operating in this space over the forecast period.

Global Market Analysis by type:

On the basis of type, the grain seeds segment is expected to contribute major revenue share in the global seeds market and is expected to register highest CAGR of over 6%, in terms of revenue over the forecast period. Grain seeds includes wheat, rice, corn, and oats. This is primarily attributed to increasing demand for diversified nutritional needs worldwide.

Global Market Analysis by Region:

The market in North America is expected to dominate the global seeds market, and is expected to account for largest market share as compared to that of markets in other regions. The major driving factors for growth of the seeds market are increasing demand for organic seeds over conventional seed coupled with changing living standards and rising awareness and demand for rich nutrition and high fiber content food. In addition, rising demand for genetically modified crops owing to healthier food products are produced with better quality of seeds by farmers, vegetable growers and plant raisers in the North America region are some other factors expected to drive growth of the target market over the forecast period.

The demand for seeds from Europe is expected to increased owing to growing health concern among individual has resulted into higher consumption of fruits and vegetables as well as stringent rules and regulations by the European Commission for cost effective production of crops in countries in the region. For instance, in 2017, operational programs referred to in Article 31(1) of R2017/891, specific costs for quality improvement measures, biological plant protection materials whether used in organic, integrated or conventional production, environmental actions, organic, integrated or experimental production, including specific costs for organic seeds and seedlings are eligible

The market in Asia Pacific is expected to register highest CAGR of over 6.2% in the global seeds market over the forecast period. This is primarily attributed to increasing use of high-quality crop breeds suitable for mechanized agriculture as well as standardized and traditional techniques of high-yield and high-performance cultivation, and is expected to fuel growth of the Asia Pacific seed market. In addition, rising demand for vegetables, oilseeds, and grain seeds owing to growing consumption of food coupled with increasing population in countries in the region are some factors expected to drive growth of seeds in next coming years.

Global Seeds Market Segmentation:

Global Seeds Market Segmentation by material type:

• Grain Seeds
• Oil seeds
• Vegetable Seeds
• Others

Global Seeds Market Segmentation by region:

• North America
• Europe
• APAC
• Latin America
• MEA