Azoth Analytics has released research named “Global Seeds Market Factbook (2022 Edition)” which provides a complete analysis of the Global Seeds industry in terms of market segmentation by type, crop type, distribution, and region.
The research also looks at the market’s growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market’s evolution.
During the forecast period, 2023-2028, the global seeds market is expected to expand at a CAGR of 7%. Due to their many benefits, such as higher productivity, greater adaptability, and a high level of resistance to biotic and abiotic stresses, hybrid seeds have seen rapid growth, particularly in major agriculture-producing nations. As a result, the global agriculture industry is likely to experience staggering growth after the pandemic. For instance, hybrid cotton yields are 50% higher than those of traditional cultivars.
The Global Seeds Market is expected to generate USD 103 billion by the end of 2028, up from USD 61 billion in 2021. The increased adaptability of hybrid seeds is partly due to their considerable capacity to buffer environmental variations. Modern plant breeding techniques enable the development of new plant types with desired properties by altering the DNA of seeds and plant cells. Plant breeding advancements are supporting farmers in overcoming the difficulties they encounter on the farm every day.
In response to the growing demand for sophisticated modified varieties that are adaptable to varied climatic situations, have high yield potential, are disease resistant, and are drought tolerant, businesses are investing extensively in new plant technology. For instance, in Marana, Arizona, Bayer launched its first completely automated greenhouse in 2020, showcasing cutting-edge developments in proprietary seed processing, cutting-edge marker technology, automation, and data analytics.
Adopting enhanced open-pollinated cultivars provides various benefits, such as a high yield, great local environment adaption, and the capacity to produce more robust crops. Due to an increase in demand, the value of OPV’s shares increased by 4% in 2021 when compared to the previous year.
The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Brazil, and the Rest of the Americas), Europe (Germany, U.K, France, Italy, and the
Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Rest of Asia-Pacific), Middle East and Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.
The United States of America, which principally focused on the export of seeds and built the greatest supply chain, contributed the most to the region’s dominance and holds 15% of the worldwide seed market.
Because consumers are moving away from artificial and chemically based food products and toward a healthy, protein-rich diet, organic seeds are in high demand in Europe and North America. The market value for organic seeds increased significantly from 3.72 billion in 2021.
The most fundamental and important component of sustainable agriculture is seed. The quality of the seeds has a significant impact on how the other inputs respond. According to estimates, the direct contribution of high-quality seed to overall production ranges from 15% to 20%, depending on the crop, and can reach up to 45% with effective management of other inputs. Particularly in the last 30 years, India’s seed sector has undergone considerable changes. Through the National Seed Project Phase-I, Phase-II, and Phase-III, the Government of India undertook a significant restructuring of the seed sector, strengthening the seed infrastructure that was most necessary and pertinent at the time.
This study also contains company profiling and the current competition status of some of the leading players in the global Seeds market of Corteva, Syngenta, Bayer AG, BASF SE, KWS, Rallis India, Enza zaden, LandO’Lakes, Takii & Limagrain, and others. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the global Seeds market, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.
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