For the survival of human race, agricultural production is an indispensable factor and seeds constitute the back bone of agriculture. Compulsions of feeding increasing global population and scientific research and development have resulted in improved traditional seed varieties as well as development of new genetically engineered seeds. In addition, increased land reclamation for agriculture, better infrastructure, scientific development, better logistics and modern management techniques have led to growth in the overall seeds market, especially in genetically modified (GM) seeds. The global market for biotech seeds is forecasted to grow at a CAGR of about 25.6% during 2011-2013.
The leading seeds market in the word is the United States, followed by China and other countries. The US accounts for the maximum share of the total acreage of genetically engineered crops cultivated worldwide while the usage of GM seeds in China still lags behind.
The global commercial seeds market is witnessing continuous market concentration and increase in seed prices all over the world. The success of hybrid and genetically engineered seeds in increasing crop production, recognition of the potential of genetically modified seeds by the governments and institutions worldwide and increasing adoption by small as well as big farmers is driving the growth of the worldwide seed market. The use of GM seeds limits the options of using traditional seeds by farmers. However, the risk of exploitation of small farmers by GM seed manufacturers is an accepted threat. A lot of scientific research is still needed to make GM seeds the most favored option.
The seed market is characterized by intense competition with numerous small and large players competing on the basis of product performance, continuous research and development, introduction of new traits and attainment of intellectual property rights and protection. The leading companies in the global seed market are Dupont, Monsanto, Syngenta and Bayer Crop Science among others.
The report analyzes the global seeds market, focusing on the biotech seeds industry, along with the forecast of the industry size. The growth drivers and major issues facing the industry have been discussed. The major players of the industry are being profiled, highlighting their strategies.
By combining SPSS Inc.' s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.