The Vegetable Seeds Global Market Report 2023 by The Business Research Company, provides vegetable seeds market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Vegetable Seeds Global Market Report 2023, the global vegetable seeds market size will grow from $9.83 billion in 2022 to $11.13 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vegetable seeds market size is expected to grow to $16.56 billion in 2027 at a CAGR of 10.5%.
The increasing demand for organic food products will contribute to the growth of the vegetable seeds market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilisers manufactured by humans, and does not contain genetically modified organisms (GMOs). During the COVID-19 pandemic, demand for organic foods increased as consumers regarded them to be healthier and more immune-boosting.
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The vegetable seeds market is segmented:
1) By Type: Open-Pollinated, Hybrids
2) By Crop Type: Solanaceae, Roots And Bulb, Cucurbit, Brassica, Leafy, Other Crop Types
3) By Traits: Genetically Modified, Conventional
4) By Form: Inorganic, Organic
Organic vegetable seeds have emerged as a key trend gaining popularity in the vegetable seeds market. The vegetable seed manufacturers are introducing organic vegetable seeds in their product offerings to meet the growing demand for organic food. For instance, in October 2021, Bayer AG, a German-based pharmaceutical and life sciences company, announced that under the new vegetable Bayer label, it would expand its vegetable seed offerings to include organically produced seeds. The launch will focus on certified organic production of three important greenhouse and glasshouse commodities of tomato, sweet pepper, and cucumber. The new products will be available in early 2022, with a focus on the high-growth organic markets of Canada, the United States, Mexico, Spain, and Italy, with future expansion contingent on market demand.
The vegetable seeds market report table of contents includes:
1. Executive Summary
2. Vegetable Seeds Market Characteristics
3. Vegetable Seeds Market Trends And Strategies
4. Vegetable Seeds Market – Macro Economic Scenario
5. Vegetable Seeds Market Size And Growth
…
27. Vegetable Seeds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vegetable Seeds Market
29. Vegetable Seeds Market Future Outlook and Potential Analysis
30. Appendix
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