The 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 Seeds, The seeds market size has grown strongly in recent years. It will grow from $62.69 billion in 2023 to $66.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in world population, government initiatives, decreasing farmlands areas and increasing demand for animal feed..
The seeds market size is expected to see strong growth in the next few years. It will grow to $87.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to global population growth, food security initiatives, increase in biofuel demand and shift towards vegan eating. Major trends in the forecast period include leveraging ai to drive innovations, focus on biological seed treatments, focus on partnerships and collaborations to strengthen market position and invest in novel seed treatment technologies for higher yields and better productivity..
The seeds market is expected to be supported by the growing demand for biofuel manufactured through genetically modified crops in the forecast period. Genetically modified (GM) plants have been promoted as a new option for biofuel production as they promise a higher yield or higher quality feedstock. As countries slowly shift from fossil fuels to more eco-friendly means of transportation, biofuels are expected to increasingly gain popularity, thus supporting the demand for GM crops in the forecast period. For instance, the revised Renewable Energy Directive (REDII) in Europe of 2021, setting the EU policy framework until 2030, is expected to support the market for biofuels, thus driving the seeds market.
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The seeds market covered in this report is segmented –
1) By Type: Genetically Modified, Conventional
2) By Seed Treatment: Treated, Non-Treated
3) By Crop Type: Cereals And Grains, Fruits And Vegetables, Oilseeds And Pulses, Other Crop Types
4) By Traits: Herbicide-Tolerant, Insecticide-Resistant, Other Traits
Product launches are a key trend gaining traction in the seeds market. Major companies operating in seeds are focusing on product innovations and developing new products to strengthen their position in the market. For example, in October 2021, Kannar Earth Science Ltd, a US-based company manufacturer of high-quality seed coating products launched KAN7. KAN7 is a special combination of amino acids and a critical micronutrient. KAN-7 is designed to be given to seed at modest treatment rates while still efficiently promoting crop establishment through seedling development and vigour. KAN-7 uses the availability of carbohydrates to encourage the colonization and proliferation of more seed-applied microorganisms.
The seeds market report table of contents includes:
1. Executive Summary
- Seeds Market Characteristics
- Seeds Market Trends And Strategies
- Seeds Market – Macro Economic Scenario
- Global Seeds Market Size and Growth
. - Global Seeds Market Competitive Benchmarking
- Global Seeds Market Competitive Dashboard
- Key Mergers And Acquisitions In The Seeds Market
- Seeds Market Future Outlook and Potential Analysis
- Appendix
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