Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
Seeds are embryonic plants covered in a protective coating which 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 2017-2022”, the global seeds market reached a value of more than US$ 58 Billion in 2016, exhibiting a CAGR of around 7% during 2009 – 2016.
One of the major trends which has 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. Owing to these factors, the global seeds market is further expected to grow at a CAGR of more than 6% during 2017 – 2022, reaching a value of more than US$ 86 Billion by 2022.
The report has segmented the market on the basis of type. Currently, grain seeds represent the largest seed type accounting for nearly half of the total global production. Other major seed types include oil seeds, vegetable seeds and fruit seeds. On the basis of region, the report has covered North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. Among these, North America represents the largest producer accounting for around a third of the total market share. The report has also analysed the competitive landscape of the market with the key players being Monsanto, Bayer, DuPont, Syngenta and Dow Chemicals.
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 internet advertising industry in any manner.