The global commercial seed market revenue was valued at USD 40.70 billion in 2017 and is projected to reach USD 54.81 billion by 2032, exhibiting a CAGR of 2.5% based on our analysis in the existing report. North America dominated the commercial seed market with a market share of 39.82% in 2017.
The global agri-input industry has witnessed a significant change in the current decade due to many mergers and acquisitions activities. Global agrochemicals (including pesticides and seed) were a consolidated industry, and recent mergers & acquisitions have led to further consolidation of the industry. A combination of key industry players such as Bayer-Monsanto, ChemChina-Syngenta, and DowDupont have significantly changed the industry structure, competition level, investment trend, and supply-demand dynamics.
Fortune Business Insights™ has published a comprehensive research report on the Commercial Seed Market, offering an in-depth analysis and extensive market data.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/commercial-seed-market-100078
Gain valuable insights into the anticipated market size and growth trends of the Commercial Seed Market, with a segmented breakdown for detailed analysis.
Growing Adoption of High-Yield Crops Driving Demand for Commercial Seeds
Rising disposable incomes are anticipated to lead to increased and unrestrained resource consumption. This, in turn, is expected to heighten the demand for commercial seeds aimed at boosting crop productivity compared to traditional farm-saved seeds. Technological progress in molecular biology has significantly reduced both the time and cost of plant genome mapping. These innovations are poised to accelerate commercial seed production.
However, the commercial seed market may face obstacles in generating higher revenues due to limited profit margins associated with major industrial crops like guar, fibre hemp, cuphea, plantago, sunflower, sugar beet, safflower, potato, rapeseed, maize, jojoba, cassava, oil palm, and peas. Furthermore, government-imposed regulations on the trade of specific crops could hinder market growth. Additionally, the ban on neonicotinoids could adversely affect commercial seed production over the forecast period. Despite these challenges, the growing use of high-yield, value-added crops is projected to support the global commercial seed market.
Marketing of Enhanced Seed Quality to Support Market Growth
While growing resistance to crop protection products may present challenges to future market expansion, the cost-effectiveness of seed treatment as a crop protection method is likely to provide long-term growth prospects. Within crop segments, fruit and vegetable seeds are expected to generate significant revenue during the forecast period, driven by increasing health awareness and demand for fresh produce. The development of new hybrid vegetable seed varieties is also projected to grow rapidly in the near future.
Increasing farmer awareness of the benefits of improved seed varieties is contributing to market growth across Asia Pacific. This, along with supportive government initiatives encouraging the adoption of high-quality seeds, is expected to drive expansion of the commercial seed market in the region, positioning Asia Pacific as the fastest-growing market globally.
Agriculture Perspective:
This section explores the relationship between the Commercial Seed Market and the agriculture industry. It examines the impact of changing consumption trends and innovations in Agriculture on the Commercial Seed Market demand. The analysis also considers potential collaborations, partnerships, and untapped opportunities, along with key consumer preferences shaping market trends.
List of Top Commercial Seed Companies:
- Bayer CropScience (Monsanto)
- Syngenta AG
- DowDuPont
- Sakata Seed Corporation
- Groupe Limagrain
- Land O'lakes
- KWS SAAT SE
- Nufarm
- Adama Agricultural Solutions
- Takii & Co. Ltd.
- Other players
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KEY INDUSTRY DEVELOPMENTS
In June 2019, KWS SAAT SE signed a binding agreement to acquire Pop Vriend Seeds—a global leader in spinach seeds and a prominent supplier of vegetable seeds—in line with its strategic objective to establish a long-term presence in the expanding vegetable seeds market.
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