The global Seed market by revenue was $49.23 billion in 2013, and is projected to reach $82.94 billion in 2019, thereby witnessing a growth of CAGR 9.1%.
Asia-Pacific, the biggest market for seeds with a market share of 32.7% is expected to retain the top for the period till 2019, followed closely by North America. Europe, the other major market has a share of 23.5%.
The continually growing world population drives the seed market. In addition, rising demand of bio-fuels is exerting pressure on agriculture to increase production of crops such as Corn, which is a key ingredient in ethanol production. Other key factors that are expected to drive global seeds growth include - increased consumption of animal fodder, and rising need in commodities such as vegetable oil. However, major concerns over Genetically Modified foods among the public and a minority of scientists exist regarding their ill effects on the human health and potential adverse effects to the environment.
The global seed market is segmented by crop type into Oilseed, Cereals/Grains, Fruits and Vegetable and Other Seeds. Major crops under Oilseed such as Soybean, Sunflower, Rapeseed, and Cotton have been analyzed in this report. Crops under Grain Seeds like Corn, Wheat, Rice, and Barley as well are studied. The second segmentation is based on traits – Herbicide tolerant, Insect Resistant and Other Stacked traits.
Monsanto Company, DuPont, Syngenta AG, Dow AgroSciences LLC, Land O’Lakes Inc., and Bayer CropScience are some of the major manufacturers of seeds.
This research report categorizes the global seed market on the basis of crop type, trait and geography. Forecasting the revenues and analyzing the trends in each of the mentioned submarkets.