Global Tomato Seeds Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Tomato Seeds Market: Overview
“The global Tomato 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.”
Tomato is one of the most important and widely cultivated vegetable plants in the world. Tomato belongs to the genus Lycopersicon under the family Solanaceae.
The tomato is an herbaceous sprawling plant growing to one to three meters in height with a weak woody stem. The flowers are generally yellow in color and the fruits vary in size. Tomato is a native to Peruvian and Mexican countries.
Tomato is regarded as a ‘protective food, due to its special nutritive value. Tomatoes are used for pickles, ketchup, puree, soup, salad, and in many different ways.
Global Tomato Seeds Market: Dynamics
A major factor driving the growth of the global tomato seeds market is the rising adoption of hybrid techniques for the cultivation of tomato seeds. Tomato is the largest vegetable crop after potato and sweet potato cultivated across the globe.
In addition, increasing population, rising demands for vegetables, and diverse dietary and nutritional needs are some other factors expected to drive the growth of the target market over the forthcoming years.
According to The Food and Agricultural Organization of the United Nations (FAO) forecasted that global food production will need to increase by 70% if the population reaches 9.1Bn by 2050
Furthermore, increasing per capita income level, higher living standards, and growing demand for processed tomato products such as frozen foods, soups, etc. are other factors expected to boost the demand for tomato seeds.
However, regulations regarding vegetable seeds are relatively stringent is a major factor expected to restrain the growth of the target market to a certain extent.
Global Tomato Seeds Market: Trends
A major player in the tomato seeds market is collaborating with other local players in order to develop new technologically advanced tomato seeds. In addition, the increasing popularity of E-commerce is allowing manufacturers to offer products online.
For instance, in September 2017, Mikado Kyowa Seed Co., Ltd., and Vilmorin merged to form one business unit Vilmorin- Mikado. This acquisition focuses on strengthening its global market positioning
In June 2018, Indian Farmers Fertiliser Cooperative (IFFCO) launches ‘IFFCO IMandi App’ – a rural eCommerce platform offering products such as fertilizers, agrochemicals, and seeds – at a discounted price and free delivery at their doorstep.
Global Tomato Seeds Market: Segment Analysis
On the basis of product type, the open-pollinated tomato seeds segment is expected to register high growth revenue over the forecast period. This is due to no limitations on the flow of pollen between individuals as well as open-pollinated plants are more genetically different.
On the basis of farming, the greenhouse segment is expected to register the highest CAGR, owing to the increasing demand for organic vegetables worldwide.
Global Tomato Seeds Market: Regional Analysis
Currently, the market in the Asia Pacific accounted for the high revenue share in the global market. This is primarily due to increasing government initiatives as well as high research and development funding for innovative products and techniques.
The markets in Europe are expected to account for significant revenue growth in the global market, followed by Latin America, and Middle East & Africa markets in the global tomato seeds market.
Global Tomato Seeds Market Segmentation:
Segmentation by product type:
- Hybrid Tomato Seeds
- Open Pollinated Tomato Seeds
- Heirloom Tomato Seeds
Segmentation by farming:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Monsanto Company
- Bayer AG
- Syngenta AG
- Takii & Co. Ltd.
- Group Limagrain
- Advanta Limited
- Rijk Zwaan Zaadteelt en Zaadhandel B.V
- VoloAgri Group
- Sakata Seed Corporation
- Mahindra Agri Solution Limited.
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