Portugal Seed Market Will be Led by Extensive Support of Portuguese Government,
Increase in Number of Young Farmers and Increase in Demand for Portuguese Grape
Wine and Olive: Ken Research
The modest growth in the agricultural sector, increase in number of farmers due to financial
and training support by the government, increase in demand for Portuguese grape wine and
olive along with growing popularity of organic farming in the country have been the key
factors supporting growth in Portugal Seed Market.
Majority of the demand in the Portuguese seed market is from wheat, maize, rice, olive,
grapes, triticale, legumes, flowers, vegetables and forage seeds. Demand for open pollinated
seeds was the highest, followed by hybrid and genetically modified seeds. The key growth
drivers of the seed market have been the financial support under the “Common Agricultural
Policy (CAP)”, Portuguese government’s support for capacity building and training of
young farmers and rural development programmes which have led to setting up of
thousands of new farmers and other jobs in the agricultural sector. This facelift of the
agriculture sector in the country has directly and positively affected the seed market in the
country.
Portugal’s economy witnessed debt crises during 2010-2014, but surprisingly the agriculture
sector saw a modest and quick revival after the crises. The “Common Agricultural Policy
(CAP)” of the European government has made available EUR 4 billion in the form of direct
payments for Portuguese farmers. The revival of the agricultural sector along with growing
popularity of organic farming and increasing demand for Portuguese grape wine and olives
have augment the growth of the seed market in Portugal.
The report titled “Portugal Seed Market by (Open Pollinated and Hybrid Seeds), by Crop
Type (Wheat, Maize, Rice, Olive, Grapes, Triticale, Legumes, Flowers and Forage Seeds) -
Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in