Oilseeds Market to Witness Astonishing Growth by 2027 Netafim Limited (Israel), The Toro Company (US), Metro Irrigation (India)
Research Reports
May 04, 2022
Oilseeds Market Overview:
The oilseeds market size will be expanding at a decent rate from 2020 to 2027, believes Market Research Future (MRFR).
Oilseeds Market Major Boosters and Key Barriers:
The Oilseeds Market could achieve major traction in the following years. Oilseeds are highly sought-after crops in the agricultural industry, experiencing substantial demand in conjunction with the exploding world population. But the global oilseeds market could witness some obstacles in the form of huge supply demand gap caused owing to the adverse climate conditions in key oilseeds producing nations. This factor also results in volatility in the prices of a variety of oilseeds, which negative affects the market demand.
The demand for oilseeds is also mounting on the back of the huge demand for vegetable oil in the biodiesel sector. Emerging trend of reduced dependency on traditional fuel and the tremendous growth of the biodiesel industry raises the requirement for vegetable oil. This ultimately fosters the demand for oilseeds. Most of the growth of the oilseed industry will be taking place in emerging countries like Brazil, China, Malaysia, Indonesia, and India, where the agriculture industry is extremely developed.
Soybeans is one of the major oilseeds developed worldwide, followed by cottonseed, rapeseed, sunflower, groundnuts, copra, and palm kernels. Rising acceptance of a variety of oilseeds and the burgeoning areas that under cultivation for developing genetically modified (GM) oilseeds further favor the worldwide market.
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Oilseeds Market Segmental Overview:
Major categories considered in the review report are conventional as well as genetically modified.
With respect to oilseed type, the oilseeds industry can be dissected into sunflower seed, soybeans, canola seed, cotton seed, and more.
The oilseeds industry, depending on biotech trait, covers herbicide-tolerant, insecticide-resistant, among others.
Regional Insight:
North America will be the most profitable market for oilseed in the future, benefitting from the rise in exhaustive research and development activities, and the strong support from the government. Escalating demand for commercial oilseeds among the farmers and the huge prevalence of precision farming will further cement North America’s position in the worldwide market. A few other market growth boosters can be the rapidly expanding animal feed industry, mounting demand for biofuels, vegetables, grains, and oil, to name a few.
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Asia Pacific will be emerging as the fastest gainer in the ensuing years, thanks to the robust base of several affluent players and the notable increase in agricultural exports. The Asia Pacific market’s formidable position will further be fostered by farmers’ surging inclination towards commercially developed seeds instead of utilizing seeds from the previous harvest. Soaring crop production rate combined with the escalation in government initiatives encouraging the use of modern technologies in agriculture would have a tremendous impact on the APAC market as well. Presence of agrarian economies such as China, India and Japan and the significant technical standards followed by them will further boost market expansion. Some of the major trends in the regional market are the predominance of numerous smallholders and the large-scale production of cotton.
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Top Market Players:
BASF SE (Germany), Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O’Lakes, Inc. (US), Cargill, Incorporated (US), Seed Co Limited (South Africa), Mahyco Seeds Company Limited (India) are the major oilseed manufacturers in the market.
Latest News:
December 2021 Effetto Mariposa introduces its latest line of products that feature a sunflower seed chain lube, along with a biodegradable cleaner, and a pine oil degreaser. The first item is Flowerpower Wax chain lube, has sunflower seed wax content without any fluorinated compounds (PFAS), sulphides, as well as graphene.
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