Global Seeds Market Report and Forecast 2021-2026
According to Expert Market Report’s latest report, ‘Global Seeds Market Report and Forecast 2021-2026’, the global seeds market size reached a value of almost USD 65443 million in the year 2020. The seeds industry is further expected to grow at a CAGR of 7.1% between 2021 and 2026 to reach a value of almost USD 98203 million by 2026.
Seeds are embryonic plants with a protective layer that serves as the parent plant's unit of reproduction. They feed a variety of animal species and are an important part of the agricultural process. Seeds' importance in the agriculture business has grown considerably in recent decades as a result of technological advancements and the consequent release of improved seed variants. The global seeds market is driven by the growing population across the globe, due to which the demand for food production is increasing. The considerable shift in farming practices around the world is one of the primary factors that has influenced the seed business. A growing number of farmers are purchasing commercially manufactured enhanced seed varieties. This is due to the numerous benefits provided by improved seed types, such as increased yield, greater nutritional quality, reduced crop damage, disease resistance, and so on. On the one hand, the rising demand for animal feed has been the primary driver of the maize market's expansion in the region. On the other hand, the vegetable seed sector benefits from the rising demand for processed vegetables in both households and the foodservice industry.
Increased demand for improved seed types has been fuelled by the growing global population and the resulting increase in food need and the increased biofuel production. Demand for agricultural produce from the food and non-food sectors has been steadily increasing in a number of emerging economies, such as China, India, the Middle East, and others, as a result of economic expansion and rising disposable incomes, boosting the seeds market growth in the forecast period. Due to the environmental benefits of biofuel, the government is pushing its use, which will increase demand for crops such as soybeans and corn, consequently increasing demand for seeds.
The market report by Expert Market Research analyses the market based on segmentation such as crop type, seed type, genetically modified seed traits, treatment, seed availability, and major regions.
Market Breakup by Crop Type
• Cereals and Grains
• Fruits and Vegetables
Clovers and Other Forage
Market Breakup by Seed Type
• Genetically Modified Seeds
• Conventional Seeds
Market Breakup by Genetically Modified Seed Traits
Market Breakup by Treatment
Market Breakup by Seed Availability
• Commercial Seeds
• Saved Seeds
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
• Bayer AG
• Syngenta Group Co., Ltd.
• Groupe Limagrain Holding
• Corteva, Inc
• Sakata Seeds Corporation
• Rallis India Limited
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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