Seeds Market in Europe 2016-2020
The quality of seeds is critical for agricultural and crop cultivation. Cereals, pulses, vegetable and fruit seeds, and oilseeds are cultivated on a large scale to meet the global demand for food. Technological innovations have improved seed quality and selection and increased the availability of a wide variety of seeds to suit specific conditions and geographies. Such developments are necessary to ensure better-quality crop production and to meet the growing demand for food.
Technavio’s analysts forecast the seeds market in Europe to grow at a CAGR of 10.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the seeds market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of seeds to the agricultural industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Seeds Market in Europe 2016-2020
Technavio recognizes the following companies as the key players in the seeds market in Europe: Bayer CropScience, DowDuPont, Limagrain, Monsanto, and Syngenta.
Other Prominent Vendors in the market are: BASF, DLF, Gansu Dunhuang Seed, KWS, Land O'Lakes, Mahyco, Sakata, and Takii.
Commenting on the report, an analyst from Technavio’s team said: “Rapid rise in seed prices will be a key trend for market growth. Seed breeding is an expensive process that has increased the cost of seeds. Players are investing more in breeding seeds with advanced traits or genes that are sourced from gene-tech companies. The use of advanced technology for cultivation has further raised the cost of seeds. For instance, Monsanto increases their overall prices for seeds by 5%-10% every year to provide seeds with modified traits at premium prices.”
According to the report, rising demand for biofuels will be a key driver for market growth. There has been a significant emphasis on the use of biofuels to reduce the global consumption of fossil fuels and limit pollution. Governments worldwide are encouraging the use of biofuels. Developed nations are witnessing a decline in conventional fuel consumption and an increase in the consumption of alternative fuels because of the growing environmental concerns. Biofuels are sourced from energy crops that comprise wheat, soybean, corn, rapeseed, and sugarcane. While biodiesel is made from crops such as soybean, ethanol needs corn syrup for its preparation.
Further, the report states that sustaining seed purity will be a challenge for the market. Production of good quality or GE seeds involves a huge level of technical and financial investment. During the production of such seeds, it is highly imperative for vendors to maintain genetic seed purity, under a proper standardized and organized environment. The genetic purity of seeds could easily deteriorate due to different factors affecting the production of seeds like developmental variations, mechanical mixtures, mutations, natural crossings, minor genetic variations, and selected influence of pests and diseases.
Bayer CropScience, DowDuPont, Limagrain, Monsanto, Syngenta, BASF, DLF, Gansu Dunhuang Seed, KWS, Land O'Lakes, Mahyco, Sakata, and Takii.