Market Overview
Seeds Market Size is anticipated to reach USD 82.7 billion by 2030, registering a CAGR of 4.4% during 2022-2030..
Seeds are considered one of the most critical components on which agricultural sectors of almost every nation rely. Due to erratic weather conditions and other environmental issues such as droughts and floods, the dependence on biotechnology has increased. The application of biotechnology makes it possible to create crop varieties that are not only stress-tolerant but also highly nutritional and healthy for consumption. In the digitalized era, there has been a significant surge in biotech crops such as corn, soybeans, etc.
The integration of innovative technologies has increased the attractiveness of the global Seeds market outlook . The market has the potential to resolve the crop shortage and food crisis problem that is arising in different nations across the globe. During the forecasted period, a key variable that is expected to contribute to the market growth is the high demand for varieties of seeds in developing economies. Several market players that function in the prevailing Seeds Market have been focusing on specific traits and attributes in seeds, such as high resistance to insects and high tolerance to herbicides.
Market Segments
The global Seeds Market insights can be segmented on type, category, crop type, seed treatment and trait.
The market can be further subdivided into genetically modified (GM) and non-genetically modified seeds. Based on the category, the market can be categorized into organic and conventional. The crop type segment can be further fragmented into cereals and grains, fruits and vegetables, oilseeds and pulses and others. The seed treatment market segment can be divided into treated and non-treated seeds. Based on the trait, the market can be categorized into herbicide-tolerant, insecticide-tolerant and others.
Regional Analysis
The global Seeds market has a strong presence in different regions across the globe. Based on the geographical segmentation of the market, the major regions include Europe, North America, Asia Pacific, and the Rest of the World. The North American segment has been acting as a global leader and is expected to continue to showcase decent performance in the market during the forecasted period. The solid performance can be attributed to major market players in the region. Additionally, the rise in preference for commercially-produced seed varieties among farmers can positively influence the growth trajectory of the Seeds market. It is anticipated that the Asia Pacific and European regions will also play vital roles and contribute to strong market performance at the global level.
Industry News
March 2022 – Sakata Seed Corporation established a Culiacan Innovation Center in Mexico, a key player in the global Seeds Market setting. Such a strategic move aims to strengthen activities such as breeding and marketing different varieties of seeds that can create value for the Mexican and Central American markets. This move can give the business entity a competitive edge by driving innovation. In the research facility, the company will get an opportunity to take advantage of the climatic conditions of Mexico to produce high-quality crops with high nutritional content.
Key Seeds Market Players
Companies Profiled
- Bayer AG (Germany)
- DowDuPont Inc. (France)
- Syngenta AG (Switzerland)
- Monsanto Company (US)
- Groupe Limagrain (France)
- KWS SAAT SE (Germany)
- Land O'Lakes Inc. (US)
- Maharashtra Hybrid Seeds Co. (India)
- Gansu Dunhuang Seeds Co. Ltd (China)
- Sakata Seeds Corporation (US)
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