The latest report by IMARC Group, titled “Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the global seeds market growth report. The report also includes competitor and regional analysis, and contemporary advancements in the market.The global seeds market size reached US$ 45.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 52.5 Billion by 2032, exhibiting a growth rate (CAGR) of 1.6% during 2024-2032.
Seeds Market Overview:
Seeds are fundamental to agriculture as they are the primary source for crop production. They are embryonic plants enclosed in a protective outer covering, capable of developing into a mature plant under appropriate conditions. The characteristics of seeds vary widely depending on the plant species, including size, shape, color, and durability. The working mechanism of a seed begins with germination, where under suitable environmental conditions, it sprouts and develops into a new plant.
This process is vital for the propagation of plant species and the continuation of agricultural cycles. Seeds are specifically engineered for various properties like resistance to pests, diseases, and environmental stress, enhancing crop yields and reliability. The advantages of using quality seeds are manifold, including higher crop productivity, uniformity, and better adaptability to different soils and climates.
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Global Seeds Market Trends:
The seeds industry is witnessing transformative trends that are reshaping the agricultural landscape. There's a growing demand for genetically modified (GM) and gene-edited seeds, driven by the need for crops with enhanced traits such as resistance to pests, diseases, and adverse environmental conditions. These advanced biotechnological approaches are enabling the development of crops tailored to specific geographies and climates, promising improved yields and sustainability. Moreover, there is a growing emphasis on the development of specialty and niche market seeds. Consumers are showing increased interest in unique and health-focused crops, such as organic and non-GMO varieties.
Top Seeds Companies Worldwide :
Bayer Crop Science AG
Corteva
Syngenta AG
BASF
Limagrain
KWS SAAT SE
Sakata Seed Corporation
AgReliant Genetics, LLC
DLF Seeds A/S
Yuan Longping High-tech Agriculture Co., Ltd
Key Market Segmentation:
By Type:
Conventional
Genetically Modified
By Seed Type:
Oil seeds
Soybean
Sunflower
Cotton
Canola/Rapeseed
Cereals & Grains
Corn
Wheat
Rice
Sorghum
Fruits & Vegetables
Tomatoes
Melons
Brassica
Pepper
Lettuce
Onion
Carrot
Burpee & Park
Other seeds
Alfalfa
Clovers and Other Forage
Flower Seed
Turf Grasses
By Trait:
Herbicide-Tolerant
Insecticide-Resistant
Other Stacked Traits
By Availability:
Commercial Seeds
Saved Seeds
By Seed Treatment:
Treated
Untreated
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value C