PUBLISHER: The Business Research Company | PRODUCT CODE: 1392562
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392562
“Commercial Seeds Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commercial seeds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commercial seeds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The commercial seeds market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A commercial seed refers to a seed that is marketed for uses other than seed production may be Registered Seed, Certified Seed, Non-certified Seed, or Seed generated directly from Foundation Seed. Basically, commercial seeds relate to any type of seed purchased and utilized by farmers to grow their crops.
The various products of commercial seeds are maize (corn), soybeans, vegetables, cereals, cotton, rice, canola (rapeseed), and other products. The maize market consists of sales of commercial maize seeds by entities (organizations, sole traders, and partnerships) that refer to commercial seeds used for the production of maize or corn. They are categorized based on their type into organic, inorganic, and genetically modified, and they have different traits, which include herbicide-tolerance, insect tolerance, and others.
The commercial seeds market research report is one of a series of new reports from The Business Research Company that provides commercial seeds market statistics, including commercial seeds industry global market size, regional shares, competitors with a commercial seeds market share, detailed commercial seeds market segments, market trends and opportunities, and any further data you may need to thrive in the commercial seeds industry. This commercial seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The commercial seeds market size has grown strongly in recent years. It will grow from $75. 24 billion in 2023 to $82. 05 billion in 2024 at a compound annual growth rate (CAGR) of 9. 1%. The growth in the historic period can be attributed to population growth, environmental factors, regulatory landscape.
The commercial seeds market size is expected to see strong growth in the next few years. It will grow to $114. 66 billion in 2028 at a compound annual growth rate (CAGR) of 8. 7%. The growth in the forecast period can be attributed to global food security, climate change adaptation, sustainable agriculture, emerging markets, consumer awareness. Major trends in the forecast period include technological innovation, biotechnology and genetic innovation, organic and non-gmo demand, climate-resilient seeds, digital farming and data analytics, small-scale and local farming, global expansion.
The growing demand for bio-fuels is expected to propel the growth of the commercial seed market. Biofuel is a renewable, non-toxic, environmentally beneficial, and economically viable alternative to fossil fuels, which are rapidly decreasing and have a significant environmental impact. Commercial seeds are extensively used in the production of agricultural products, which are further used in the processing of biofuels. Vegetable oil methyl esters, produced by transesterification of high-quality vegetable oil by methanol, are currently the most widely used type of bio-fuel. According to the US Energy Information Administration (EIA), an agency of the U. S. Federal Statistical System, biofuel output in the United States would expand until 2050. The amount of biofuel generated in 2050 would be 18% higher than the 6. 5 billion liters produced in 2019. Therefore, escalating demand for biodiesel fuels is driving the growth of commercial seeds.
The increase in agriculture production demand is expected to propel the growth of the commercial seeds market going forward. Agricultural production comprises a set of operations like crop cultivation, plowing, harvesting, and animal rearing that contribute to a product that is going to be sold on the market. An increase in agriculture production can lead to an increase in R&D spending by seed companies, which can result in the development of new commercial seed varieties and boost the commercial seeds market. For instance, in September 2022, according to the California Department of Food and Agriculture, a US-based cabinet-level organization, California's exports of agricultural products amounted to $22. 5 billion in 2021, a 7. 0% rise from the previous year. Therefore, the increase in agriculture production demand is driving the commercial seeds market.
Major companies producing commercial seeds are undergoing partnerships and collaboration to expand their business reach in fast-growing regions or countries in the commercial seed sector. For instance, in September 2022, Syngenta Seedcare, a Switzerland-based developer and producer of seeds got into a strategic collaboration with Bioceres Crop Solutions, an Argentina-based provider of crop productivity technologies. The collaboration aims to bring innovative biological seed treatments to the commercial seeds market. The agreement aims to bring together the world's leading seed treatment business with a leader in biological crop productivity solutions and accelerates global registration of existing products and joint development of new biological solutions.
Major companies operating in the commercial seeds market are innovating new varieties of commercial seeds as, innovative cotton seeds increase their profitability in the market. These innovative cotton seeds that can be noted for their big seeds, improved vigor, emergence, and fiber quality. For instance, in March 2022, Amor Seed, a USA-based manufacturer of a variety of seeds launched ARMOR 9512 B3XF and ARMOR 9442 XF, an innovative and new type of cotton seeds. The new cotton seeds use XtendFlex Technology. The seeds are medium-large seed with strong emergence. It's also Bacterial Blight resistant and includes an above-average resistance to Verticillium Wilt. The new seeds can produce premium fiber length and strength, which can be advantageous in stressful dryland conditions.
In October 2023, Sakata Seed Corporation, a Japan-based seed breeding and vegetative solutions company acquired ISLA Sementes for approximately $12. 72 million. The acquisition aims to expand Sakata's flower and vegetable seed portfolio and reach in Brazil and aims to utilize the overlap in sales network, sales area, customer base, and product portfolio, to stimulate new customers and demand by leveraging their respective sales networks. ISLA Sementes is a Brazil-based seed company.
Major companies operating in the in the commercial seeds market report are Syngenta International AG, Bayer AG, Corteva Inc., Vilmorin & Cie SA, Land O'Lakes Inc., Sakata Seed Corporation, Rijk Zwaan Zaadteelt en Zaadhandel B. V., Hyland Seeds Inc., MTI Distributing Inc., Triumph Seed Co., Northeast Seed Corporation., Limagrain Cereal Seeds LLC, KWS SAAT SE, DLF Seeds A/S, Takii & Co. Ltd., Monsanto Company, E. I. du Pont de Nemours and Company, Dow AgroSciences LLC, BASF SE, Bejo Zaden B. V., Groupe Roullier, East-West Seed International Limited, HM. CLAUSE Inc., Barenbrug Holding B. V., Advanta Seeds US Inc., Known-You Seed Co. Ltd., Tozer Seeds Ltd., Enza Zaden Beheer B. V., Seed Co Limited, E. W. Gaze Seeds Co. Ltd., Johnny's Selected Seeds Inc., Harris Moran Seed Company Inc., Seedway LLC
North America was the largest region in the commercial seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the commercial seeds market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The commercial seed market consists of sales of canola, pumpkin gladiator, and cucumber burpless. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.