Seeds Market Research Report by Key Players Strategy | Syngenta AG, Groupe LIMAGRAIN, Land O’Lakes, KWS SAAT SE | Upcoming Trend by Forecast to 2023
Research Reports
Dec 29, 2020
Market Overview
Global Seeds Market 2020 is on a rapid upward growth trajectory and could procure a substantial growth rate during the appraisal period (2020-2023), reveals Market Research Future (MRFR). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
Primary Boosters and Main Barriers
The Global population can touch 10 billion by the year 2050, reveals latest studies. This could mean significant rise in food demand over the coming years, and high growth scope for the Seeds Market. The increasing disposable income across the globe and the rising scarcity of resources could offer attractive opportunities as well since seeds help bolster crop yield without requiring much arable land.
Surge in technical advancements and innovations in molecular biology has facilitated faster and cheaper mapping of plants’ genetic codes. Farmers are now able to efficiently work around significant agricultural issues like boosting their crop production using Genetically Modified/GM seeds. Therefore, the demand for biotechnology seeds has mounted exponentially due to their high effectiveness during agricultural production. Some of the key countries that are increasingly cultivating GM crops are Brazil, US, Canada, India, and Argentina, which translates into favorable prospects for the seeds market.
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The Seeds Industry is extremely consolidated with most of the share owned by only a few companies. Agreements and collaborations are a few marketing strategies adopted by these players to remain ahead and foster their performance. To cite an instance, in September 2020, Syngenta, a Swiss seed vendor, acquired SENSAKO for marketing its seed technology across South Africa. This strategic acquisition can open the door for Syngenta to bring technology and innovation to the growers, so they are able to thrive in the coming years.
Top Market Players
Top Market players listed in the MRFR study are Sakata Seeds Corporation (US), Gansu Dunhuang Seeds Co., Ltd (China), Syngenta AG (Switzerland), DowDuPont Inc. (France), Bayer AG (Germany), KWS SAAT SE (Germany), Groupe LIMAGRAIN (France), Monsanto Company (US), Land O’Lakes Inc. (US), Maharashtra Hybrid Seeds Co. (India), to list a few.
Latest News
September 2020 Sakata Seed America has formed CEA/Controlled Environment Agriculture department, which greater focus on indoor agriculture, touted to be a rapidly expanding segment in the seeds industry. The indoor agriculture segment will focus primarily on conventional greenhouse production along with specialized vertical farming.
Segment Overview
Global Seeds Industry has been extensively considered for type, crop type, seeds treatment and trait.
The primary types of seeds available in the Seeds Industry are GM or Genetically Modified seeds as well as Non-GM seeds.
The categories covered in the Seeds Market study are organic along with conventional.
With respect to the crop type, Seeds Industry caters to oilseeds & pulses, fruits & vegetables, cereals & grain, and others.
Seed treatment-based categories included in the report are non-treated and treated.
The trait-wise segments are insecticide-resistant, herbicide-tolerant, and more.
Regional Insight
Seeds Industry has been extensively reviewed in the MRFR Report, with North America, Asia Pacific/APAC, Europe, and RoW/rest of the world considered to be the key regions.
APAC could emerge as the highest gainer in the Global Seeds Market during the given period, thanks to the strong presence of numerous renowned players and the increasing agricultural exports. The region’s formidable position is also bolstered by the rising inclination of farmers towards commercially produced seeds instead of using seeds from previous harvest. The escalating crop production coupled with the mounting number of government initiatives promoting the use of advanced technologies in the agriculture sector could also benefit the APAC market. Presence of agriculture-based countries like India and Japan with its high technical standards also fosters market expansion in the region. Prevalent trends in the region include the predominance of several smallholders and the high cultivation rate of rice. The fact that APAC is the leading producer of cotton in the world also works in the market’s favor.
The North American Seeds Market mostly benefits from the extensive R&D activities, favorable government standards and the rising preference of farmers for commercial seeds. The growing popularity of precision farming and its ability to help farmers in gathering detailed data about crops further strengthens the market position in North America. Other essential growth boosters in the regional market are the soaring demand for animal feed, surging use of biofuels, strong demand for oil, vegetables, and grains, to name a few.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/seeds-market-7252
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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