(Food-Beverage-News.Com, May 15, 2017 ) According to the report “Global Seed Market ", published by Market Data Forecast, the global market is projected to reach USD 99.53 billion by 2021, at a CAGR of 9.20% from 2016 to 2021.
The Seed market is developing at a significant rate due to the rising demand for food and feed and rapid decline in arable land. High yielding cultivars/seeds along with other agricultural inputs such as crop protection products, fertilizers, and irrigation are being used to attain optimum utilization in the agriculture sector.
Farmers count on the seed industry to provide seeds that bring high yields and help reduce the cost of production. The global concerns about pollution are driving the increase in the use of biofuels. Biofuel offers various advantages when compared to fossil fuels in terms of reducing pollution, which is one of the primary reasons of governments taking up initiatives to produce biodiesel.
The factors impacting the Global Market for Seed Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are rising global population, increasing consumption of animal fodder, and growing need for commodities such as vegetable oil. Increasing awareness among farmers about the benefits of high-quality seed is also helping boosting market for good seeds. Another major factor driving this market is the growing demand for biofuels, which in turn is exerting pressure on the agriculture sector to increase the production of crops such as Corn. Concerns over Genetically Modified Seeds is restraining the growth of the market. The seed market is hindered as the GM seeds are relatively more expensive than normal seeds in developing countries like India.
For granular level understanding the Seed Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
Based on Crop Type: Oilseed o Soybean o Sunflower o Cotton o Canola
Grain seed o Corn o Wheat o Rice o Millet crops
Fruit & Vegetable o Tomato o Melon o Carrot o Onion o Pepper o Lettuce
Other seeds o Alfalfa o Turf o Clover & forage plants o Flower seed
Based on Seed trait: Herbicide Tolerant Insect Resistant Other Stacked Traits
Based on geography, the report contains a wide array of countries covering all around the globe. Countries like USA, Canada, U.K., Spain, Germany, Italy, India, China, South Africa, Israel and Brazil are identified as the predominant markets for Seed. For more of regional analysis check out the following reports.
North America Seed Market Europe Seed Market Asia-Pacific Seed Market Latin America Seed Market Middle East and Africa Seed Market
The major companies operating in the global Seed market are Bayer CropScience AG (Germany), E. I. Du Pont De Nemours and Company (U.S.), Monsanto Company (U.S.), Syngenta AG (Switzerland), and The Dow Chemical Company (U.S.). Following a large number of mergers in the past few years, the global seed market is now represented by multinationals such as Monsanto, DuPont, Syngenta, and Limagrain, who have expanded their businesses all over the world. Among them, Monsanto and DuPont, headquartered in Missouri and Delaware, respectively, in the United States, took 20% and 15% of the world’s total seed market share in 2014, ranking Nos 1 and 2.
The Seed market study offers the following deliverables: •Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
•Segment-level analysis on basis of crop type, seed trait along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
•A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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