Seeds Market PPT: Demand, Trends and Business Opportunities 2024

Global Seeds Market Research Report and Forecast 2024

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Report Description and Highlights

Report Description Global Seeds Market Overview:

According to the latest report by IMARC Group, titled “ Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global seeds market reached a value of US$ 66.9 Billion in 2018. Seed refers to a small embryonic plant which plays a vital part in the reproductive process of plants. It is enclosed in an outer covering, known as the seed coat, that helps in providing protection to the embryo. Seeds perform numerous functions for the plant which include providing nourishment to the embryo, dispersing to new locations and dormancy in unfavourable weather conditions. Apart from this, seeds are considered as an important part of the ecosystem as they offer food to other species like humans and are used for a variety of domestic as well as industrial purposes.

On account of rising population across the globe, the demand for food production is observing an increase, resulting in the growth of the global seeds market. In addition to this, due to rapid urbanisation, the availability of per capita arable land has declined. Nonetheless, with the advent of genetically modified (GM) seeds, farmers are now able to increase the efficiency of their farmlands as GM seeds have higher yield than non-GM seeds. This is anticipated to drive the demand for GM seeds worldwide. Moreover, as government of several countries are encouraging the application of biofuel, due to its environmental advantages, the demand for crops like soybean and corn is increasing, in turn, augmenting the demand for seeds of these crops.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Further, propelled by economic growth and escalating disposable incomes, the demand for agricultural produce from both the food and non-food sectors has been increasing constantly in a number of developing markets, such as India, China, Middle East, etc. Looking forward, the market value is projected to reach US$ 98.1 Billion by 2024, expanding at a CAGR of 6.6% during 2019-2024.

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Report Description and Highlights

Report Description Key Market Segmentation: Market Segmentation by Crop Type • • • •

Oilseeds Cereals & Grains Fruits & Vegetables Other Seeds

Based on crop type, the market has been segmented as oilseeds, cereals and grains, fruits and vegetables, and other seeds. Presently, oilseeds account for the majority of the market share.

Market Segmentation by Seed Type • •

Genetically Modified Seeds Conventional Seeds

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Report Description

On the basis of seed type, conventional seeds represent the leading segment, followed by genetically modified seeds.

Market Segmentation by Traits • • •

Herbicide-Tolerant Insecticide-Resistant Other Stacked Traits

Based on traits, the market has been segregated as herbicide-tolerant, insecticide-resistant and other stacked traits. Currently, herbicide-tolerant exhibit a clear dominance in the market.

Market Segmentation by Seed Treatment • •

Treated Non-Treated

On the basis of seed treatment, treated seeds dominate the market and are followed by non-treated seeds.

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Report Description

Market Segmentation by Seed Availability • •

Commercial Seeds Saved Seeds

Based on seed availability, the seeds market is divided as commercial seeds and saved seeds.

Market Segmentation by Region • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Amongst these, North America represents the leading market with the majority of the market share owing to rapid technological innovations in the production of seeds.

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Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

Monsanto Company Bayer Crop Science AG E.I. du Pont de Nemours and Company Syngenta AG The DOW Chemical Company Sakata Seed Corporation Rallis Limited India Land O'Lakes, Inc. KWS SAAT SE

Browse Related Report Seed Industry In India: https://www.imarcgroup.com/seed-industry-in-india Agricultural Adjuvants Market Report: https://www.imarcgroup.com/agricultural-adjuvants-market

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Report Description

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