Global Industry Analysts (GIA) announced the release of a comprehensive global report on seeds markets. The global market for seeds is forecast to exceed $112 billion by 2020, driven by expanding population base, rising focus on food security, and robust demand for genetically modified (GM) seeds in developing countries.
Global market for seeds is segregated into traditional seeds and genetically modified (GM) seeds. Traditional seeds continue to account for a major share of the market, while GM seeds constitutes the fastest growing market segment. Major factors driving market growth for GM/Bioseeds include the need for increased productivity against the backdrop of decreasing arable land, and growing number of people to feed. Commercialization and technology advancements, over the years, have transformed seeds into highly-coveted proprietary commodities from their humble origins in the hands of land tillers.
Future growth in the market will come from expanding world population, rising adoption of seed biotechnology across the world, and growing land reclamation for the purpose of agriculture. Other important growth drivers include increasing prominence of sophisticated management and logistics in the seed industry, steady progress in the development of drought tolerant seed varieties and stacked seeds that can tolerate pests, weeds and other diseases, surge in home gardening to combat food safety issues, and improving infrastructure, among others. Genetic concepts such as seed chipping and molecular markers that offer high performance genetics for seeds are also expected to benefit market prospects in the near term.
Intensive research and development, over the years, resulted in evolved strains of seeds that deliver enhanced yield and display improved resistance to diseases and pests. Such advancements are a welcome boon for agriculturists who are often plagued by uncertainties and losses due to low-performing seeds and crops. Additionally, acceptance of high-performing hybrid and genetically-engineered seeds is increasing steadily. The most noteworthy benefit from such seeds is the plentiful supply of food for the expanding world population. Consistent rise in food inflation, in recent years, has increased demand for inexpensive seeds that increase yield. Despite significant growth and penetration, market for GM seeds still remains challenged by controversies and concerns over health and environmental safety. Certain transgenic crops are considered harmful to the environment as they strip soil of its natural minerals and nutrients.
As stated by the new market research report on Seeds, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 12.6% over the analysis period. Presence of the two largest agrarian economies of China and India, ballooning population, steady economic growth, rising income levels, rapid urbanization, changing consumer lifestyles, robust demand for GM rice, and relentless investments in plant biotechnology research, represent important growth drivers in the region. Grain seeds and horticulture seeds together dominate global seed sales. Corn represents the most important market segment supported by increasing demand for the crop in ethanol production.
Key players covered in the report include Bayer CropScience AG, China National Seed Group Corporation, DLF–Trifolium Group, Dow AgroSciences LLC, Mycogen Seeds, DuPont Pioneer, East West Seed Company, Groupe Limagrain Holding SA, Hunan Xiangyan Seed Industry Co. Ltd., Krishidhan Seeds Private Ltd., KWS SAAT AG, Lantmännen SW Seed AB, Monsanto Company, Seminis Inc., Nuziveedu Seeds Ltd., Rasi Seeds Private Limited, Sakata Seed Corp., Syngenta AG, Takii & Company Limited, The Scotts Miracle-Gro Company, and WinField Solutions LLC, among others.
The research report titled “Seeds: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Grain Seeds, Vegetable Seeds, Oilseeds, Horticulture Seeds (Flower Seeds, and Lawn/Grass Seeds), Fruit Seeds, and Other Seeds.
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