Global Commercial Seed Market - Growth, Trends and Forecasts (2017 - 2022)
The global commercial seed marketis projected to reach $73.6 billion by 2021, thereby witnessing a growth of CAGR 9.9%. Commercial seeds are referred to the seeds sown for production of crops, use for animal feed or other in other industries as raw materials.
The increasing global population is escalating the demand for food and thereby increased use of seeds. The global commercial seed sector is intended to grow at a faster pace due to its higher performance in terms of higher yield and output in the time of shrinking arable land globally. In addition, rising demand of bio-fuels is exerting pressure on agriculture to increase production of crops such as Corn, which is a key ingredient in ethanol production. While the demand for commercial seeds will continue growth due to high demand in developing regions and technological advancements, the regulatory and safety concern over GM crops and high R&D cost may hinder the market growth.
The global commercial seed market is classified on the basis of type and geography. The market is broadly classified into conventional crops and biotechnology/GM crops which are then further segmented into various crop types. Conventional crop seeds like cereal, grains and oilseeds accounts for 52% of the market share while the market growth would be higher in case of GM crops at CAGR 10.2%. Major GM crops identified here are soyabean, corn, cotton and canola. Soyabean is the largest cultivated GM crop while the growth prospect of GM maize is high.
Accounting for around 30% of the market share, North America is the largest regional market for commercial seeds globally. Owing to high degree of regulatory interventions, the growth of European commercial seed industry would remain moderate. Asia-Pacific and South America region would grow at comparatively higher pace with the positive growth prospects from countries like China, India and Brazil.
Major industry players active in the commercial seed market globally are- Monsanto Company, DuPont, Syngenta AG, Dow AgroSciences LLC, Land Oâ€™Lakes Inc., and Bayer CropScience. The market is fairly concentrated among five major players where in the companies follow merger and acquisitions strategy to expand the business and operations.
Key Deliverables in the Study
Market analysis for the Global Commercial Seed Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Commercial Seed Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to identify the regions that are still untapped
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook