Seed Market Worth 113.28 Billion USD by 2022

Wednesday 7 December 2016, Amsterdam

The report, now available on ASDReports, "Seed Market by Crop Type (Oilseeds, Cereals & Grains, and Fruit & Vegetables), Type (GM, and Conventional), Seed Trait (Herbicide Tolerant, Insect Resistant), Seed Treatment (Treated, and Non-treated), and Region - Global Forecast to 2022", The global seed market has grown exponentially in the last few years. The market size is projected to reach USD 113.28 Billion by 2022, at a CAGR of around 9.9% from 2017.

The market is driven by factors such as necessity to increase food production, increasing acceptance and area under cultivation of GM crops, and change in science and technology advancements. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the market players.

Conventional seeds is projected to be the fastest-growing segment, by type, from 2017 to 2022

Conventional seeds is the fastest-growing segment, as these seeds possess characteristics such as faster growth, higher yield, pest & disease resistance, and larger seeds. As consumer demands and expectations from the food industry continue to evolve, the opportunities for conventional seeds is also increasing. North America dominated the conventional seeds market in 2016.

Fruits & vegetables crop type segment projected to depict high potential for the seed market

Fruits & vegetables segment is estimated to grow at the highest CAGR from 2017 to 2022. Climate variation from tropical to temperate allows growers to produce a wide variety of fruits and almost any vegetable (with or without greenhouse infrastructure). The production of vegetables, their availability, and supply continue to play a major role in the nutrition of the global population.

Asia-Pacific expected to show growth potential in the seed market

The Asia-Pacific region is one of the key markets for the seed coating industry. Some of the main reasons for this extraordinary growth are continuous increase in the population and the support from governments as well as national and international associations to increase the agricultural production of oil, grains, fruits, and vegetables to meet the need for food products in the region. China, India, Japan, and Australia are the key seed markets in this region and are expected to grow rapidly in the near future.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These leading companies include Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Monsanto Company (U.S.), and Syngenta AG (Switzerland).