Global Tomato Seeds Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Tomato Seeds Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global tomato seeds market report has been segmented on the basis of product type, farming, and region.
Global Tomato Seeds Market: Overview
Tomato is one of the most important and widely cultivated vegetable plants in the world. Tomato belongs to the genus Lycopersicon under family Solanaceae. Tomato is an herbaceous sprawling plant growing to one to three meter in height with weak woody stem. The flowers are generally yellow in color and the fruits varies in size. Tomato is a native to Peruvian and Mexican countries. Tomato is regarded as an ‘protective foods, 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 growth of the global tomato seeds market is rising adoption of hybrid techniques for 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, diverse dietary and nutritional needs are some other factors expected to drive the growth of the target market over the forecoming 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 standard, and growing demand for processed tomato product such as frozen foods, soups, etc. are another factors expected to boost the demand for tomato seeds.
However, regulations regarding the vegetable seeds are relatively stringent is a major factor expected to restraint growth of the target market to a certain extent.
Global Tomato Seeds Market: Trends
Major player in the tomato seeds market are collaborating with other local players in order to develop new technologically advanced tomato seeds. In addition, 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 strengthen 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, agro chemicals, and seeds – at a discounted price and free delivery at their doorstep.
Global Tomato Seeds Market: Segment Analysis
On the basis of product type, 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, greenhouse segment is expected to register highest CAGR, owing to increasing demand for organic vegetables worldwide.
Global Tomato Seeds Market: Regional Analysis
Currently, the market in Asia Pacific accounted for the high revenue share in the global market. This is primarily due to increasing government initiates as well as high research and development funding for innovates products and techniques. The markets in Europe is 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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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