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Market Research Report

Global Vegetable Seed Market - 2020-2027

Published by DataM Intelligence Product code 983414
Published Content info 294 Pages
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Global Vegetable Seed Market - 2020-2027
Published: January 19, 2021 Content info: 294 Pages
Description

Market Overview:

Seeds are the primary category of agricultural inputs in that it majorly decides the overall quality and quantity of farm produce. Seeds when sowed in proper growing media are germinated to form plants. The need for improving yield and quality of produce led to the demand for seed production industry. Vegetable seed production evolved as a major sector in agricultural inputs market with large scale business operations across the globe. The production and sales of vegetable seeds has been rapidly growing with increasing vegetable farming acreage and awareness towards hybrid seeds. Farming communities are shifting from self-farm procurement to hybrid seeds owing to growing awareness

The global vegetable seeds market valued USD 5.8 billion in 2019 and is estimated to reach USD XX million by 2017, growing at a CAGR of 6.8%

Market Dynamics:

Development of hybrid vegetable seeds

The growing demand for vegetables coupled with increasing population and shifting dietary preferences towards fresh farm grown products is the primary factor for the driving the growth of vegetable seeds market globally. The increasing awareness regarding the consumption of vegetables, to meet diverse dietary and nutritional needs, has caused a rise in the demand for vegetables.

Vegetable farming has been constantly growing both in terms of acreage and yield. Penetration of protected agriculture practices such as greenhouse, hydroponics and aquaponics led to the growth of vegetable seeds market. Vegetables are the largest food category grown in these structures. Furthermore, indoor farming/urban farming is another key driver for the market, increasing sales round the year. The development of hybrid seeds increased the growth venues for vegetable seeds market. According to ICRA, the key to improve adoption of hybrid seeds lies in ensuring the availability of quality seeds, bridging the awareness gap in farmers regarding better techniques and developing supportive infrastructure. Vegetable seeds market growth is supposed to be driven by increased use of hybrid seeds. The number of hectares under biotech crop production increased from 179.7 million in 2015, to about 185.1 million in 2016 as per ICRA. Among all the vegetable seeds, cabbage (100%) and tomato (99.3%) account for the highest seed replacement rate. Globally investments in research and development are increasing to develop hybrid seeds.

Genetically-modified (GM) seeds has been the major point of conflict among seed growers, farmers, consumer and governments. The health and environmental impact of GM seeds led to their partial or complete ban in several countries, particularly in Europe

Market Segmentation:

Solanaceae is the dominating crop category globally

The global vegetable seeds market has been segmented by crop type into Brassica, Cucurbit, Leafy Vegetables, Root Vegetables, Solanaceae and others. Solanaceae is dominating the global vegetable seeds market owing to its high presence of widely cultivating vegetables which includes tomato and potato across both developed nations and developing nations. Increasing consumption of Solanaceae family vegetables in the daily dietary intake coupled with growing commercial utilization of respective vegetables in processing of different food products is additionally driving the global Solanaceae vegetable seeds market during forecast period.

The solanaceae seeds market is estimated to grow at a CAGR of 7% during the forecast period (2020-2027) to reach a market value of USD 4.1 billion by 2027. Solanaceae segment is holding a share of over 40% in the global vegetable seeds market in 2019

Geographical Penetration:

China and India led Asia Pacific as the largest vegetable seed consumer

By geography, Asia Pacific is dominating the global vegetable seeds market, accounting for over 38% in the global sales revenue in 2019. China and India are leading in the production of vegetables globally with the U.S. and Turkey following far behind in terms of volume production.

The Asia Pacific market for Vegetable Seeds was valued at USD 2,417.52 million in 2019 and the market is estimated to grow at a CAGR of 8.34% during the forecast period to reach a market value of USD 4,295.19 million by 2027. China, India, and Japan are the key markets with high demand for seeds in terms of consumption (volume) in this region. High demand for food in these regions has surged advances in seed technology to provide high-quality seeds with increased productivity. Food security is a cause for concern, which drives the need for hybrid seeds with modified characteristics. However, a number of regulations are imposed on the cultivation of GM crops because these crops require extensive water resources and might cause health and environmental hazards. The lack of awareness of the benefits of the latest crop production technologies in many countries of this region can also have a negative impact on the growth of the market in this region during the forecast period.

Competitive Landscape:

The global vegetable seed market is highly competitive and is fragmented with presence of multiple players all over the world. East-West Seed International Co. Ltd., Syngenta AG, BASF SE, Bayer, Rijk Zwaan Zaadteelt en Zaadhandel B.V., Groupe Limagrain, Enza Zaden B.V., Bejo Zaden B.V., Takii Seeds, and Sakata Seed Corporation are considered as the top players in the market. The leading players in the market are focusing on launching new products, giving satisfactory services and improving customer company relations to strengthen their presence in the market.

COVID-19 Impact: Vegetable sales declined by volume in 2020. Likely to rebound in 2021

Agriculture is one of the least affected industries by COVID-19 pandemic as majority of agricultural practices is spared from lockdown restrictions under essential industries. However, restrictions of social activities and freight challenges resulted in a negative market scenario. Supply chain disruptions caused by the travel restrictions is the primary factor for the decline of market size in 2020. Europe is the largest exporter of vegetable seeds globally with countries such as the Netherlands, Denmark, Italy and France exporting to countries across the world. These countries imposed strict lockdowns for most of the months in 2020 with spread of novel coronavirus. This has posed a negative impact on the sales of vegetable seeds. Most of the global vegetable seed companies posted negative sales during the time. For instance, the revenue from vegetable seeds for Bayer, Vilmorin & Cie and BASF declined by 13%, 3.5% and 1.3% during interim business operations in 2020

Why Purchase the Report?

Understand the current market scenario and viability of global vegetable seeds over the forecast period.

Visualize the composition of the global vegetable seeds market in terms of form, trait and crop to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Excel data sheet with valuable data points of the global vegetable seeds market - Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

Vegetable Seed Producers

Farming communities

Agricultural Input Suppliers

Food Safety and Security Associations

Trade Associations

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Table of Contents

Table of Contents

1. Vegetable Seeds Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Vegetable Seeds Market -Key Trends and Developments

3. Vegetable Seeds Market - Executive Summary

  • 3.1. Market Snippet by Form
  • 3.2. Market Snippet by Trait
  • 3.3. Market Snippet by Crop
  • 3.4. Market Snippet by Region

4. Vegetable Seeds Market-Market Dynamics

  • 4.1. Market impacting factors
  • 4.2. Drivers
    • 4.2.1. Rise in demand for vegetables coupled with growing population
    • 4.2.2. Development of organic vegetable seeds
    • 4.2.3. Modernization of vegetable production practices
  • 4.3. Restraints
    • 4.3.1. Regulatory restrictions on use of GM seeds
  • 4.4. Opportunities
  • 4.5. Impact analysis

5. Vegetable Seeds Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Patent Analysis
  • 5.5. Regulatory Analysis
  • 5.6. COVID-19 Analysis

6. Vegetable Seeds Market - By Form

  • 6.1. Introduction
    • 6.1.1. Market size analysis, and y-o-y growth analysis (%), By Form segment
    • 6.1.2. Market attractiveness index, By Form segment
  • 6.2. Organic
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2019-2027
  • 6.3. Conventional

7. Vegetable Seeds Market - By Trait

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Trait Segment
    • 7.1.2. Market attractiveness index, By Trait Segment
  • 7.2. GM
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2019-2027
  • 7.3. Non-GM

8. Vegetable Seeds Market - By Crop

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Crop Segment
    • 8.1.2. Market attractiveness index, By Crop Segment
  • 8.2. Brassica*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2019-2027
      • 8.2.2.1. Cabbage
      • 8.2.2.2. Cauliflower
      • 8.2.2.3. Broccoli
      • 8.2.2.4. Others
      • 8.2.2.5. Cucurbit
  • 8.3. Watermelon
      • 8.3.1.1. Other Melons
      • 8.3.1.2. Cucumber
      • 8.3.1.3. Squash
      • 8.3.1.4. Others
  • 8.4. Leafy Vegetables
      • 8.4.1.1. Lettuce
      • 8.4.1.2. Spinach
      • 8.4.1.3. Others
  • 8.5. Root Vegetables
      • 8.5.1.1. Onions
      • 8.5.1.2. Carrot
      • 8.5.1.3. Others
  • 8.6. Solanaceae
      • 8.6.1.1. Pepper
      • 8.6.1.2. Egg Plant
      • 8.6.1.3. Tomato
      • 8.6.1.4. Others
  • 8.7. Others

9. Vegetable Seeds Market - By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key region-specific dynamics
    • 9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
    • 9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Trait
    • 9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop
    • 9.2.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.2.6.1. U.S.
      • 9.2.6.2. Canada
      • 9.2.6.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
    • 9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Trait
    • 9.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop
    • 9.3.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.3.6.1. Germany
      • 9.3.6.2. U.K.
      • 9.3.6.3. France
      • 9.3.6.4. Spain
      • 9.3.6.5. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
    • 9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Trait
    • 9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop
    • 9.4.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.4.6.1. Brazil
      • 9.4.6.2. Argentina
      • 9.4.6.3. Honduras
      • 9.4.6.4. Guatemala
      • 9.4.6.5. Colombia
      • 9.4.6.6. Rest of South America
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
    • 9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Trait
    • 9.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop
    • 9.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 9.5.6.1. China
      • 9.5.6.2. India
      • 9.5.6.3. Japan
      • 9.5.6.4. Australia
      • 9.5.6.5. Thailand
      • 9.5.6.6. Indonesia
      • 9.5.6.7. Vietnam
      • 9.5.6.8. Pakistan
      • 9.5.6.9. Bangladesh
      • 9.5.6.10. Rest of Asia Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
    • 9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Trait
    • 9.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop
    • 9.6.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Sales Channel
    • 9.6.7. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country

10. Vegetable Seeds Market - Competitive Landscape

  • 10.1. Competitive scenario
  • 10.2. Competitor strategy analysis
  • 10.3. Market positioning/share analysis
  • 10.4. Mergers and acquisitions analysis

11. Company Profiles

  • 11.1. Bayer AG
    • 11.1.1. Company Overview
    • 11.1.2. Type Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. East-West Seed International Co. Ltd.
  • 11.3. Syngenta AG
  • 11.4. BASF SE
  • 11.5. KWS SAAT SE & Co. KGaA
  • 11.6. Rijk Zwaan Zaadteelt en Zaadhandel B.V.
  • 11.7. Groupe Limagrain
  • 11.8. Enza Zaden B.V.
  • 11.9. Bejo Zaden B.V.
  • 11.10. Takii Seeds
  • 11.11. Sakata Seed Corporation

12. Vegetable Seeds Market - DataM

  • 12.1. Appendix
  • 12.2. About us and services
  • 12.3. Contact us
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