Market Research Report
Seeds Market by Type (Genetically Modified & Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2026
|Published by||MarketsandMarkets||Product code||998825|
|Published||Content info||333 Pages
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|Seeds Market by Type (Genetically Modified & Conventional), Trait (Herbicide Tolerance, Insect Resistance), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2026|
|Published: April 5, 2021||Content info: 333 Pages||
The global seed market size is estimated to be valued at USD 63.0 billion in 2021 and is projected to reach USD 86.8 billion by 2026, recording a CAGR of 6.6%. Factors such as increasing application of cereals & grains in the feed, food, and biofuels industry alongside growing technological advancements such as the adoption of hybridization and genetically modified seeds are propelling the growth of the seeds industry.
The recent COVID-19 pandemic is expected to impact the global seeds industry. Many countries have adopted several emergency measures to adapt to the COVID-19 crisis. These measures range from closing borders and public institutions, as well as isolating homes, communities, and total lockdown of regions and the entire state. These mitigation measures have resulted in various disruptions in the functioning of markets and supply chains for agricultural inputs and products. Seeds are the starting point for agricultural production; therefore, during times of crisis such as the COVID-19 pandemic, seed delivery is among the essential services that must continue to operate to support the current and subsequent production cycles
Cereals & grains is projected to be the largest segment during the forecast period.
Cereals & grains is projected to hold the largest seeds market share since it is consumed on a large scale as a staple food. It is also being used in the food processing and feed industries. Some of the large producers such as China, India, US, and Brazil are catering to the growing international demand for cereal crops such as rice and corn. Increase in adoption of genetically modified seeds in corn is also one of the key factors for the growth of the cereals & grains segment.
The genetically-modified segment to witness the fastest growth during the forecast period.
By type, the seeds industry is segmented into conventional and genetically modified. With the increasing demand from biofuel and feed industry, the requirement for genetically-modified seeds is growing in the market. Technological advancements and innovations in this market introduced hybridization technology and GM crops, which have been gaining importance among farmers, owing to the high yield, and increased pest, drought, and disease tolerance. The US, Brazil, Argentina, China, and India are some of the key markets for seeds, globally.
North America is estimated to account for the largest market share in the seeds market.
In 2020, North America is estimated to account for the largest market owing to the growing adoption of GM crops such as corn, soybean, alfalfa, and canola in the region. Countries such as the US and Canada are among the major seed producers in the world. The region is also a host to some leading players in the seeds business such as Corteva Agriscience (US), and Land O' Lakes (US).
Break-up of Primaries
Others include sales managers, marketing managers, and product managers.
RoW includes countries such as South Africa, Turkey, Egypt, and others (the Middle East & Africa)
Leading players profiled in this report
This report segments the seeds market based on type, crop type, trait, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the seeds industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
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