Global Seeds Market 2018-2022
A seed is an embryonic plant enclosed in a protective layer. The formation of seed is part of the process of reproduction in plants.
Technavio’s analysts forecast the global seeds market to grow at a CAGR of 9.22% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global seeds market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of seeds.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Seeds Market 2018-2022
Technavio recognizes the following companies as the key players in the global seeds market: Bayer, DowDuPont, Groupe Limagrain, KWS, Land O' Lakes, Monsanto, Syngenta
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovations in seed technology. Manufacturers worldwide are developing many innovative seed technologies to meet the growing demand for food production. These technologies are developed to improve production yields and nutrition profiles, lower the costs of production, and offer value added traits. Innovative seed technologies are tested to be in tandem with ongoing global trends.”
According to the report, one of the major drivers for this market is Increasing investments in agricultural research. The increasing investments in agricultural research has been of prime importance, with major global private firms focusing on innovations pertaining to the agriculture sector. The advent of biotechnology and different scientific developments, the growing stronghold of Intellectual Property Rights (IPR) over innovations, and a huge expansion of the agricultural inputs market globally have been encouraging many private companies to invest in agricultural research. In 2010, the global private sector investments in R&D, to help improve agricultural inputs, went up to $11 billion from the $5.6 billion in 1994.
Further, the report states that one of the major factors hindering the growth of this market is Rise in seed prices. Seed breeding is an expensive process, which increases the cost of seeds. Players are investing more in breeding seeds with advanced traits or genes that are sourced from genetech companies. However, the use of advanced technology for cultivation increases the cost of seeds.
Bayer, DowDuPont, Groupe Limagrain, KWS, Land O' Lakes, Monsanto, Syngenta