The Tomato Seeds by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Tomato Seeds, The tomato seeds market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to consumer demand, crop yield and quality, global agriculture trends, climate change and environmental factors.
The tomato seeds market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to population growth, changing consumer preferences, urbanization and greenhouse cultivation, global trade and market liberalization, pest and disease management. Major trends in the forecast period include biotechnological advancements, growth in organic and non-gmo segments, urban and controlled environment farming, biodiversity and heirloom varieties, sustainable packaging and marketing, digital agriculture.
The increasing demand for fresh vegetables is driving the growth of the tomato seeds market. As the need for fresh veggies grows, so does the demand for tomato seeds, which are a key ingredient in many vegetarian meals. For instance, according to the Business Standard, an India-based newspaper, India’s overall horticulture production reached 326.58 metric tons in 2021, up 5.81 metric tons from 2020. In addition, vegetable production reached 193.61 metric tons in 2021, up 2.5% from 188.91 metric tons in 2020. Thus, the increasing demand for fresh vegetables is expected to propel the growth of the tomato seeds market going forward.
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The tomato seeds market covered in this report is segmented –
1) By Product Type: Hybrid Tomato Seeds, Open Pollinated Or Heirloom Tomato Seeds
2) By Plant Type: Determinate, Indeterminate
3) By Growing Technology: Open-Field, Protected Cultivation
4) By Size: Large Tomato Seeds, Cherry Tomato Seeds
5) By Application: Farmland, Greenhouse, Other Applications
Technological advancements have emerged as a key trend gaining popularity in the tomato seeds market. The key players in the tomato seeds sector are focusing on developing technologically advanced products to strengthen their position in the market. For instance, in March 2021, Sanatech Seed, a Japan-based planting company launched ‘Sicilian Rouge High GABA’, the world’s First Genome-Edited Tomato. CRISPR-Cas9 gene-editing technology was used to create Sanatech Seed’s Sicilian Rouge High GABA tomato. This tomato is high in gamma-aminobutyric acid (GABA), an amino acid that is thought to aid relaxation and lower blood pressure.
The tomato seeds market report table of contents includes:
1. Executive Summary
2. Tomato Seeds Market Characteristics
3. Tomato Seeds Market Trends And Strategies
4. Tomato Seeds Market – Macro Economic Scenario
5. Global Tomato Seeds Market Size and Growth
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26. South America Tomato Seeds Market
27. Brazil Tomato Seeds Market
28. Middle East Tomato Seeds Market
29. Africa Tomato Seeds Market
30. Tomato Seeds Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Bayer CropScience LP
- Limagrain Holding SA
- Rijk Zwaan Zaadteelt en Zaadhandel B. V
- Syngenta AG
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