Market Research Report New Study: 2017 Global Organic Seed Market | Page 2

Description
The global organic seed market is projected to grow at a CAGR of 12.5 % to reach a market value of $ 3.96 billion by 2021 from an estimated value of $ 2.20 billion currently . Increasing demand for organic food has been the pioneering reason for growing market potential for organic seeds .
Growing awareness regarding negative health impacts related to hazardous chemicals application in agriculture has paved the way for commercial adoption of organic agriculture system . Subsequently environmental and health concern over conventional agricultural practices are the key factors for the better adoption of organic seeds for organic cultivations around the globe . The favorable regulatory frame works pertaining to organic farming mainly in developed regions of Europe and North America are also identified as the market drivers for organic seeds . High organic seed costs and supply-demand woes are anticipated to act as a major deterrent for market growth and development . Better value chain management through wide distribution channels would help the market players to tap the new and growing markets globally .
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The market demand for organic seeds is classified on the basis of seed types and by region . By product type , the market is deciphered as field crop seeds , vegetable seeds , fruit and nuts etc . Accounting for 30 % of growth revenue , vegetable seeds dominate the market share ; they are also expected to project highest growth rate along with fruits and nuts during next five years . Other seed requirement include forages and pasture which also accounts for the highest cultivable acreages .
By geography , developed regions North America and Europe accounted for around half of the organic seed demand in the recent past . Led by United States , North America region dominates the organic seed market followed by Europe region . The dominance of developed regions is expected to continue over the forecast period owing to growing organic food demand in these regions . Asia-Pacific , on the other hand , is expected to witness highest growth rate mainly due to growing demand and favorable economy in countries like China , India , Japan and Australia .
Global organic seed industry is characterized by intense competition owing to presence of numerous small and medium enterprises . Country and region specific organic seed producers operate abundantly throughout the value chain . Due to ample scope of growth and development especially in Asia-Pacific and South America , the threat of new entrants is high in the industry . Some of the major industry players identified here are- Vitalis Organic Seeds , Seeds of Change , Wild Garden Seeds , Fedco Seeds , Fleuren and Seed Savers Exchange etc .
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Key Deliverables in the Study Market analysis for the Global Organic Seed Market , with region specific assessments and competition analysis on global and regional scales www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019