Commercial Seed Market Insights
The commercial seed market is projected to grow at a high CAGR during the forecast period. An increase in agriculture production due to rising population, use of biofuels, and rise in demand for healthy and better quality products are the major factors influencing the growth of the commercial seeds market. Commercial seeds are planted for the production of crops, and also used as raw material in animal feed industries. It yields higher output even in less fertile land. Factors such as increasing urbanization, poor climatic conditions, and technological innovations can also be expected to boost the growth of the market.
Commercial Seed Market: By Trait
On the basis of trait, the global commercial seed market is segmented into Herbicide d-Tolerance, and Insect Tolerance, among others. The other traits segment is further segmented into abiotic stress tolerance, disease resistance, and modified product quality traits. Increased demand for crops that have multiple traits such as disease tolerance, drought-resistance, and disease resistance fuels the growth of the commercial seeds market.
Commercial Seed Market: By Type
On the basis of type, the global commercial seeds market is segmented into conventional and genetically modified. Conventional segment is estimated to hold the largest share in the commercial seeds market. Conventional type includes seeds of cotton, maize, cereals, and vegetables, among others. Increased demand for organic products, easy & cheap availability and the emergence of hybrid seeds leads to the growth of this segment. Genetically modified segment is also anticipated to witness considerable growth over the forecast period. Genetically modified seeds are seeds with better genetic material and provide high yields. These seeds result in low production costs, reduces the use of pesticides, and fewer pest problems, which in turn increases its demand, and hence the growth of the market.
Commercial Seed Market: By Crop Type
On the basis of crop type, the global commercial seed market is segmented into cereals & grains, oilseeds & pulses, and fruits & vegetables among others. Cereals & grains are projected to dominate the market as they are the staple food in many regions and used widely as animal feed. Fruits & vegetable segment is expected to grow because of growing concern among people to follow a healthy diet. Oilseeds & pulses segment is also estimated to show considerable growth during the forecast period. Growing consumption of cooking oil across the globe is driving the market for oilseed & pulses segment.
Commercial Seed Market: By Region
Asia Pacific is estimated to be the fastest-growing region in the commercial seeds market. Growing population, rise in demand for food, increasing agriculture productivity, and government support drive the growth of the commercial seed market. Japan, China, India, and Australia are the major countries for the seed market in this region. Furthermore, the Asia Pacific region is the biggest producer of cotton across the globe. North America and Europe have also witnessed considerable growth because of technological advancement, extensive R&D activities, and rising demand for better quality products.
Commercial Seed Market Share & Competitive Analysis
The report contains a chapter dedicated to vendors operating in the seed treatment market. They have adopted various growth strategies such as product launch, joint venture, partnership, and acquisition to maintain a leading position in the market. The key players operating in the global commercial seed market are Groupe Limagrain (France), Takii & Co., Ltd. (Japan), BASF (Germany), Land O’ Lakes Inc. (U.S.), Syngenta AG (Switzerland), DLF (Denmark) and Rallis India Limited (India) among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Commercial Seeds Market: By Type
Commercial Seeds Market: By Region
The global Commercial Seed Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Commercial Seed Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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