The global market, in terms of value, is projected to reach $92.04 Billion in 2020, at a CAGR of 9.4% from 2015 to 2020. The changing nature of the seed industry following the entry of large firms has been the subject of much debate. Many large firms invested economies of scale in R&D and have been able to subsidize seed research with resources and revenues from other corporate divisions. The entry of large multinational firms in the industry driven the North American market and the growth is projected continue at a CAGR of 9.7% from 2015 to 2020.
Pune, India -- (SBWIRE) -- 11/30/2015 -- The report "Seed Market by Type (Cereals & Grains, Oilseeds, and Fruit & Vegetables), Seed Trait (Herbicide Tolerant, Insect Resistant, and Other Stacked Traits) & Region - Global Trends & Forecast to 2020" defines and segments the seed market with analyses and projections of the size of the seed market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, and challenges.
Browse 126 market data tables and 77 figures spread through 220 pages and in-depth TOC on "Seed Market - Global Trends & Forecast to 2020"
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The market is segmented and projected on the basis of major regions: North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The key countries of each region are covered and their market sizes projected. Further, the market is segmented and projected on the basis of seeds with traits.
The rising demand for food and feed and rapid decline in arable land has augmented the demand for agricultural products which in turn exerted pressure on farmers to increase the productivity in various crops grown on available limited land. In order to avail optimum utilization of the land available for cultivation, use of improved & high yielding cultivars/seeds along with other agricultural inputs such as crop protection products, fertilizers, and irrigation are considered essential.
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Seed is considered to be one of the most important parts of agriculture crop production on which the use of other agri-inputs efficiency depends. Biotech seeds are consequently seen as those products which can improve the return on investment and to respond to consumer demands for economical agricultural production by increasing per unit seed production and per hectare production.
High growth potential in emerging markets and untapped regions, provide new growth opportunities for market players. The growth of this market is also driven by changing composition of diet and other industrial demand for the crop produce, which is leading to commercial crop area expansion.
The global market for seed was valued at $53.76 Billion in 2014 and is projected to reach $92.04 Billion by 2020, at a CAGR of 9.4% from 2015 to 2020. North America dominated the global market. The Asia-Pacific region is expected to be the fastest-growing market in the near future owing to the high populous countries in the region along with technology driven agriculture practices.
Grain seed controls largest market share with corn as the dominating crop in the grain segment. Among oilseed crops, major harvested acreage increase has witnessed in canola (rapeseed) and soybean crops at the CAGR of 4.1% and 2.9% in the last decade and the same has driven the demand for seeds of these two oilseed crops. Study findings reveal that Paraguay, Ukraine, and Uruguay are emerging as the new hotspots for the cultivation of soybean which are expected to provide growth opportunity for the soybean seed market players.
The global seed market is marked with intense competition due to the presence of a large number of both, big and small firms. Research and development activities from the seed companies have provided new technologies in order to expand the global seed market reach to achieve efficiency of crop production through the improved seeds or planting materials. Top ten companies accounted for major share in the global seed market revenue in 2014. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Monsanto (U.S.), E. I. Du Pont De Nemours and Company (U.S.), Syngenta AG (Switzerland), KWS SAAT SE (Germany), and Bayer CropScience AG (Germany).
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