Seeds Market worth $83.3 billion by 2028
According to a research report "Seeds Market by Type (Genetically Modified, Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Treatment (Treated and Un-treated) and Region - Global Forecast to 2028" published by MarketsandMarkets, the seeds market is estimated at USD 58.8 billion in 2023 and is projected to reach USD 83.3 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. As customers demand organic and pesticide-free food, the organic agricultural business has grown significantly. Organic farming primarily relies on certified organic seeds, increasing demand for organic seeds and contributing to the expansion of the seeds industry. The move to renewable energy sources has resulted in an increase in biofuel production. Feedstock for biofuel production includes crops such as maize, soybeans, and canola. As a result, the demand for seeds ideal for biofuel crops has surged, propelling the seeds industry forward, is further fueling the growth of the market.
Browse 311 market data Tables and 94 Figures spread through 326 Pages and in-depth TOC on "Seeds Market by Type (Genetically Modified, Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Treatment (Treated and Un-treated) and Region - Global Forecast to 2028"
View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/seed-market-126130457.html
The oilseeds & pulses segment is projected as the prominent segment during the research period.
Fruits & vegetables are the prominent segments during the forecasted period. Oilseeds are in high demand due to the rising worldwide demand for edible oils, which is being driven by population increase, urbanization, and changing dietary patterns. This increases the demand for high-quality oilseed seeds in order to expand output and fulfill consumer demands. Pulses, such as lentils, chickpeas, and beans, have grown in importance as the need for plant-based protein sources has increased. The growing popularity of pulses as a protein-rich food alternative fuels the need for high-quality pulse seeds.
Herbicide tolerance is estimated to be the fastest-growing segment during the review period.
Herbicide tolerance seed types provide an efficient answer to the rising frequency of herbicide-resistant weeds. These seeds have been genetically engineered to tolerate certain herbicides, allowing farmers to more effectively eliminate resistant weeds.
Herbicide-tolerant seed variants eliminate the requirement for manual weed control methods such as hand weeding or mechanical cultivation. Farmers save time and labor as a result, resulting in cost savings and enhanced efficiency. These are the factors that are driving the growth of the segment.
North America is estimated to be the largest region during the study period.
In North America, biotech crops, especially genetically modified (GM) seeds, have grown in popularity. These crops have advantages such as herbicide tolerance, insect resistance, and greater yield potential, resulting in increasing acceptance and market expansion. In North America, there is a rising demand for specialty crops such as fruits, vegetables, and high-value commodities. Farmers demand particular seeds appropriate for various crops, which provide distinct features, flavors, and nutritional profiles, propelling the seeds business forward, and hence it is projected to foster at a higher rate in the seed market.
BASF SE (Germany), Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), KWS SAAT SE & Co. KGaA (Germany), Corteva (US), Limagrain (France), Advanta Seeds (UPL) (India), SAKATA SEED CORPORATION (Japan), DLF Seed A/S (Denmark), Enza Zaden Beheer B.V. (Netherlands), Ralis India Limited (India), FMC Corporation (US), TAKII & CO., LTD. (Japan), Royal Barenbrug Group (Netherlands), and Longping High-Tech (China) among others.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Seeds Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
