Seeds Market Overview

The Seeds Market, valued at USD 60.5 Billion in 2022, is poised for substantial growth, with projections indicating an industry expansion from USD 63.1 Billion in 2023 to USD 89.1 Billion by 2032. This growth is expected to exhibit a compound annual growth rate (CAGR) of 4.40% during the forecast period (2023–2032). Several factors contribute to this anticipated growth, including the imperative need to increase food production, the surge in the usage of animal feed and biofuel, and the ongoing modernization of agriculture practices worldwide.

The global seeds market growth is further fueled by various factors, such as the increasing global population, which necessitates heightened food production, and the changing dietary habits due to growing urbanization. Expanding agricultural land, rising awareness about the importance of high-quality seeds, and the increasing adoption of precision agriculture technologies also contribute significantly to the positive outlook of the market.

The seeds market can be segmented by type, crop type, and region. Regarding type, the market is divided into conventional seeds and genetically modified seeds (GMO). Conventional seeds, accounting for over 90% of the global market, are the most widely used. However, the GMO seeds segment is anticipated to grow at a faster rate due to their advantages, including higher yields, improved pest resistance, and better drought tolerance.

Key players in the global seeds market include Bayer AG (Germany), DowDuPont Inc. (France), Monsanto Company (US), Syngenta AG (Switzerland), Groupe Limagrain (France), Land O’Lakes, Inc. (US), KWS SAAT SE (Germany), Maharashtra Hybrid Seeds Co. (India), Sakata Seed Corporation (US), and Gansu Dunhuang Seed Co., Ltd (China).

The global seeds market has been further segmented based on type into GM seeds and non-GM seeds. The GM seeds segment is anticipated to gain the largest revenue share, driven by characteristics such as higher yield, faster growth, and pest & disease resistance. The demand for GM seeds is increasing, particularly in the food and beverage industry, making it a crucial determinant for the growth of this segment.

Additionally, the market has been categorized by category into organic and conventional seeds. The conventional segment is expected to hold a major share due to the widespread availability of conventional seeds. However, the organic segment is projected to witness a higher CAGR during the forecast period, reflecting the rising consumer inclination towards organic products.

The market's segmentation based on crop type includes cereals & grains, fruits & vegetables, oilseeds & pulses, and others. The cereals & grains segment is expected to garner a major share in the global seeds market, driven by intensive agriculture practices aimed at increasing crop productivity and yield. This segment is also anticipated to exhibit a higher CAGR due to farmers' growing inclination towards commercially produced enhanced seed varieties.

Furthermore, the seeds market has been classified by seed treatment into treated and non-treated. The treated segment is expected to gain the largest share, driven by the increasing awareness of benefits such as reduced environmental impact and cost-effectiveness. Seed treatment facilitates early plant growth and maximizes seedling establishment, contributing to the overall growth of the treated seed market.

The market outlook has been further segregated by trait into herbicide-tolerant, insecticide-resistant, and others. The herbicide-tolerant segment is expected to generate higher revenue, primarily due to consistent better yields in crops with herbicide-tolerant traits. This segment is projected to register a higher CAGR, driven by the growing demand from farmers seeking effective weed control in their fields.

In terms of regional analysis, Asia-Pacific is expected to dominate the global seeds market. The increasing demand in developing countries such as India and China, coupled with the support from national and international associations and governments to enhance agriculture production, contributes to the region's leadership in the market. North America is anticipated to experience rapid growth, driven by the escalating demand for raw materials by the food and beverage industry. Europe and the Rest of the World (RoW) are also expected to hold significant market shares, owing to increasing government investments in agricultural research.

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Seeds Market Report :   https://www.marketresearchfuture.com/reports/seeds-market-7252

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