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Seeds are embryonic plants covered in a protective coating that function as the unit of reproduction for the parent plant. They provide food for a number of animal species, and form a basic part of the agricultural process. Over the past several decades, the significance of seeds in the agriculture industry has increased rapidly on account of advancements in technology and the subsequent introduction of enhanced seed varieties. According to IMARC Group’s latest report, titled, “Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global seeds market reached a value of US$ 42.8 Billion in 2020.
One of the major trends which have influenced the seeds market is the significant shift in farming practices worldwide. Nowadays, an increasing number of farmers buy commercially produced enhanced seed varieties as opposed to using seeds from the last harvest. This has been a result of the various advantages offered by enhanced varieties of seeds such as high yield, improved nutritional quality, reduced crop damage, disease resistance, etc. Moreover, the increasing global population and the consequent rise in demand for food, coupled with the expanding biofuel production have also stimulated the demand for enhanced seed varieties worldwide. Looking forward, IMARC Group expects the global seed market to exhibit stable growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global seeds market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, seed type, trait, availability, and seed treatment.
By Seed Type
By Seed Treatment
The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market. Some of the key players include:
For Each Company, the Report Covers:
This report provides a deep insight into the global seeds market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, key market drivers and challenges, recent trends, market forecast, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, researchers, consultants, investors, business strategists, and all those who have any kind of stake or are planning to foray into the seed industry in any manner.
Along with this, IMARC Group has also done a study on the top seeds companies in USA, which has enabled our clients to set up and expand their businesses successfully.
The global seeds market size was valued at US$ 42.80 Billion in 2020.
According to the estimates by IMARC Group, the global seeds market is expected to exhibit a stable growth during 2021-2026.
The increasing global population and the consequent rise in demand for plant-based food products represent some of the key drivers for the global seeds market.
The expanding utilization of seeds in manufacturing biofuel to reduce carbon footprints represents one of the key trends in the global seeds market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations resulting in supply chain disruptions of numerous agricultural products. Moreover, the non-availability of migrant labor has also interrupted the harvesting activities, thereby negatively impacting the demand for seeds.
On the basis of the crop type, the market has been bifurcated into oilseeds, cereals and grains, fruits and vegetables, and other seeds Currently, oilseeds hold the majority of the total market share.
On the basis of the application, the market has been divided into conventional seeds and modified seeds. Among these, conventional seeds represent the largest segment.
On the basis of the end-use sector, the market has been segmented into herbicide-tolerant, insecticide-resistant and other stacked traits. At present, herbicide-tolerant exhibits a clear dominance in the market.
On the basis of the seed treatment, the market has been bifurcated into treated seeds and non-treated seeds. Currently, treated seeds hold the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global seeds market are 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.
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