The report “Seed Market by Type (Genetically Modified & Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region (NA, EU, APAC, SA, RoW) – Global Forecast to 2025″ The global seed market is estimated to be valued at USD 55.4 billion in 2019 and is expected to reach a value of USD 86.0 billion by 2025, growing at a CAGR of 7.6% during the forecast period. Factors such as increasing application of cereals, oilseeds, and vegetables in the food, beverages, biofuels and the pet food industry alongside growing technological advancements, such as the adoption of hybridization and genetically modified seeds are driving the growth of the market.
APAC is projected to register the highest CAGR of the seeds market during the forecast period
The Asia Pacific region has been witnessing significant growth in the food processing and feed industries, where the cultivation area of industrial crops such as rice, corn, soybean, and wheat has been gaining better traction. Favorable climatic conditions, coupled with government initiatives directed toward the development of the agricultural sector in most of the countries in the region, is one of the driving factors for the growth of the agricultural inputs market. Other than China, which is one of the largest producers of commercial seeds in the world, countries such as Vietnam, Thailand, Japan, Indonesia, and Australia are the other important seed markets in the Asia Pacific region.
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New technologies such as breeding methods are creating opportunities for the new entrants in the market, some of which are disrupting the demand for more significant players. New entrants in the market do not have brand recognition, but the seed prices of these small players are meager as compared to those of the established players, which affects the market share of the big players. The easy availability of raw materials for seed products is a crucial aspect for domestic players; however, finding the distributor and adding a layer in the value chain either reduces the profit margin or increases the product cost. The competition with the domestic players and the new cheaper technologies available for breeding are challenging the more significant players in the seeds market. Low brand loyalty is also one of the key factors challenging the seeds market, globally.
New entrants in the market offer the following advantages over established players:
- Low initial capital investment
- Easy access to suppliers and distributor channels
- Weak government regulations for domestic players
- Minimum thread of retaliation
- Proprietary technology is not required
Key Questions Addressed
- Which varieties of seeds are readily adopted in the market, and why? How has their production and distribution cycle changed over the last few years?
- What are the positives of adopting hybridization technology and GM crops?
- Which factors will drive the growth of the crop type segment in the long term? Which regions will be the leading producers and exporters of different crop types?
- Which ‘other traits’ will help farmers yield high quality/variety of crops during the forecast period?
- Which regional markets are expected to register the highest/fastest growth during the forecast period?
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the seed market. It includes the profiles of leading companies such as BASF (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), United Phosphorous Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands).