NEW YORK, Feb. 16, 2024 /PRNewswire/ — The seeds market is to grow by USD 27.60 billion from 2022 to 2027 progressing at a CAGR of 6.73% during the forecast period. The rising demand for biofuels is a key factor driving market growth. Energy crops like wheat, soybeans, maize, rapeseed, and sugarcane are sources of biofuels. In order to decrease the worldwide consumption of fossil fuels and minimize pollution, the use of biofuels has rapidly increased in recent years. Furthermore, conventional fuel use is declining while consumption of alternative fuels is rising in wealthy countries. As a result, the demand for seeds required to produce biofuels is expected to rise. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download a Free Sample Report in minutes!
Technavio has announced its latest market research report titled Global Seeds Market 2023-2027
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.73% |
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Growth 2023-2027 |
USD 27,603.76 million |
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Structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.7 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing contribution |
APAC at 44% |
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Key countries |
US, China, India, France, and Brazil |
The rise in seed prices is a major challenge restricting growth.
The analysis includes product (conventional seeds and GM seeds), type (grain seeds and oil seeds, fruits and vegetable seeds, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growth by the conventional seeds segment will be significant during the forecast period. These are not hybridized as compared to GM seeds. As a result, some nations put a partial ban on the importation of cereals made from GM seeds. The growing interest in organic farming is driving up demand. Natural breeding techniques are often used to produce conventional seeds. Hence, these factors are expected to drive segment growth during the forecast period. This report presents a detailed picture by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View a Free Sample Report
Companies Mentioned
Adaptive Seeds LLC
Baker Creek Heirloom Seeds
BASF SE
Bayer AG
Corteva Inc.
East West Seed Group
Florimond Desprez Co.
Fruition Seeds LLC
Groupe Limagrain Holding
Harris Seeds
JK Agri Genetics Ltd.
KWS SAAT SE and Co. KGaA
LIDEA France
Rijk Zwaan Zaadteelt en Zaadhandel BV
Royal Barenbrug Group
Sakata Seed Corp.
Seed Needs LLC
Syngenta Crop Protection AG
Takii and Co. Ltd.
UPL Ltd.
Company Offering
The Seed Market experiences diverse trends globally, with the United States and Italy playing significant roles. Grains & cereals like corn and soybean dominate in the U.S., while Italy focuses on Roots & Bulbs such as cucumber and salad. Biotech crops are increasingly popular, catering to modern agricultural needs. Moreover, peas serve as vital feed for dairy farmers, ensuring quality production. These trends reflect evolving agricultural practices and consumer demands. As the seed industry evolves, stakeholders must adapt to emerging trends to stay competitive. Understanding dynamics is crucial for seed producers and distributors to meet the demands of farmers and consumers alike, driving innovation and sustainability in the agricultural sector.
Hybrids and breeding technology play pivotal roles in catering to the diverse needs of organic growers and conventional varieties. These advancements address productivity, adaptability, and resistance to biotic and abiotic stresses, ensuring robust yields under varying climatic conditions. DNA and plant cells are utilized in innovative plant breeding techniques, fostering the development of seeds tailored for specific agricultural purposes, including animal feed, food, and biofuel industries. With a focus on enhancing crop traits, such as yield and nutritional content, the industry continuously evolves to meet the demands of modern agriculture. As technology advances, the industry remains at the forefront of driving efficiency and sustainability in global food production.
Related Reports
The Caraway Seeds Market size is projected to increase by USD 785.09 million and the size is estimated to grow at a CAGR of 7.01% between 2022 and 2027.
The Global Garden Seeds Market size is projected to increase by USD 938.64 million and the size is estimated to grow at a CAGR of 4.59% between 2022 and 2027.
ToC:
Executive Summary
Landscape
Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Product
Segmentation by Type
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
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SOURCE Technavio