Seeds Market Size, Share, Trends, Analysis and Forecasts To 2022
The Global Seeds Market accounted for $ 26.2 billion in 2015 and is poised to reach $ 55.3 billion by 2022 growing at a CAGR of 11.2 % from 2015 to 2022. Growing population which in turn increases the demand for food, widespread use of biotechnology in seed development and technology driven agricultural farming are some of the factors fueling the market growth. The key features such as growing demand of vegetables, oils, and grains, growing farm expenditures, diminishing per capita farmland, growing crop area for cultivation of seeds with traits and lofty returns of investment are the driving factors for the market growth. However, high barriers to market entry and increased commodity prices are limiting the market growth.
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By product, grains / cereals seeds segment accounted for the largest market share during the forecast period. Moreover, grains / cereals seeds conquered for seed with trait market. North America accounted for the highest market share in terms of revenue during the forecast period. On the other hand, Asia Pacific is the fastest growing market during the forecast period.
Some of the key players in this market include DOW Agrosciences Llc, Bayer Cropscience AG, Syngenta Ag, Krishidhan Seeds, Burrus Seed Farm, Limagrain, Rallis India Limited, Nuziveedu Seeds Ltd, Stine Seed Company, Monsanto, Takii & Co. Ltd, KWS Saat Ag, Hefei Fengle Seed Co. Ltd, Gansu Dunhuang Seed Co. Ltd and Mahyco Seeds Company Limited.
Product Covered: Oilseeds o Maize / Corn o Wheat o Rice o Sorghum
Grain / Cereals Seeds o Rapeseed / Canola o Soybean o Cotton o Sunflower Fruit and Vegetable Seeds Other Seeds
Biotechnology Traits: