A recent report published by Infinium Global Research on commercial seeds market provides in-depth analysis of segments and sub-segments in the global as well as regional commercial seeds market. The global commercial seeds market is projected to grow at a CAGR of 8% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 03/23/2019 -- The Commercial Seeds Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the commercial seeds market.
Infinium Global Research's report covers the annual growth of the Global commercial seeds market. It also includes chapters on the Global commercial seeds industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Commercial Seeds Market: Industry Insight
Commercial seeds are seeds that are used for the production of commercial crops of grains and oilseeds. These seeds are used to maintain satisfactory genetic purity and identity of the commercial crops. These commercial seeds provide several advantages to the farmers such as better yield, pest resistance, drought tolerance, herbicide tolerance and provides quality assurance. The most commonly available commercial seeds are barley, oats, rye, wheat, corn, cotton, rice, and sunflower seeds.
Commercial Seeds Market: Driver and Restraints
The growing global population is creating an increased demand for food. The rapidly rising population is the major factor for the growth of the commercial seeds. In 2016, the average global birth rate was 18.5 births per 1,000 total population and is anticipated to rise over the forecast period. The use of commercial seeds is of economic importance to modern agriculture as they are ensuring better quality and higher yields. Furthermore, an increase in demand for animal nutrition for the livestock is driving the growth of the commercial seeds market. However, the lack of federal and provincial policies in several countries for the enhancement of the agricultural industry hinders the commercial seeds market.
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Commercial Seeds Market: Segmentation
The report on global commercial seeds market is segmented into seed type and crop type. By seed type, the market is further segmented into organic, inorganic, and genetically modified. Among the types, inorganic seeds dominate the commercial seeds market as they are pest resistant and are widely used for the production of crops. By crop type, the market is further segmented into grains and cereals, oilseeds, and fruits and vegetable seeds. Among the crops, grains and cereals are anticipated to dominate the commercial seed market owing to the high consumption of cereals and grains and as it is also used as a raw material for manufacturing several food products.
Commercial Seeds Market: Regional Insight
The Asia Pacific dominates the global commercial seed market and is anticipated to remain dominant over the forecast period. The population growth and greater economic prosperity in emerging Asian markets is increasing the demand for food and feed production, that in turn contributes to the growth of the commercial seed market. The adoption of progressive agriculture and a growing focus on export on food products also drives the market growth in the Asia Pacific region. Americas holds the second largest share in the commercial seed market owing to the availability of government funds and private investments for agriculture in this region.
Commercial Seeds Market: Competitive Analysis
The commercial seed market is highly fragmented. The major players in the market include Monsanto Company, VILMORIN & CIE, Syngenta, Bayer AG, KWS SAAT SE, DowDuPont, TAKII & CO., LTD., Sakata Seed, Rijk Zwaan Zaadteelt en Zaadhandel B.V., and Pfister Seeds among others. Mergers and Acquisitions remain the key strategies of major companies. In June 2018, Bayer has acquired Monsanto to expand its coverage in the seed market.
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