The need to increase food production, surge in usage of animal feed and biofuel, and agriculture modernization are the factors expected to drive the growth of the market.
Based on type, the global seeds market has been segmented into GM seeds and Non-GM seed. GM seeds segment is anticipated to gain the largest revenue share in the global seeds market and shall maintain lead throughout the forecast period. The demand of GM seeds is increasing, due to characteristics such as higher yield, faster growth, and pest & disease resistance. This is a crucial determinant that is catalyzing the growth of GM seeds segment in the global seeds market. The same segment is expected to grow with the highest growth rate owing to the increasing demand by the food and beverage industry.
The Global Seeds Market Trends has been segregated, by category, into organic and conventional. The conventional segment is expected to garner major share in the global seeds market owing to the huge availability of conventional seeds. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.
The global seeds market has been segregated, by trait, into herbicide-tolerant, insecticide resistant, and others. The herbicide-tolerant segment is expected to generate higher revenue, as herbicide-tolerant crops consistently provide better yields than conventional crops.
The global Seeds market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.
Asia-Pacific is expected to dominate the global seeds market owing to increasing demand in the developing countries such as India, China and others. The number of populations is increasing in these countries of Asia-Pacific, due to which national and international associations and government are supporting the farmers to increase the agriculture production of grains, vegetables and fruits.
North America seeds market is expected to grow at a rapid pace due to growing demand for raw material by food and beverage industry. Moreover, Europe and RoW is also expected to project a significant market share owing to the increasing investments by the government in agricultural research.
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Some of the key players in the global seeds market are Bayer AG (Germany), DowDuPont Inc. (France), Monsanto Company (US), Syngenta AG (Switzerland), Groupe Limagrain (France), Land O’Lakes, Inc. (US), KWS SAAT SE (Germany), Maharashtra Hybrid Seeds Co. (India), Sakata Seed Corporation (US), Gansu Dunhuang Seed Co., Ltd (China).
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