Growing Demand for Genetically Modified Seed Varieties Drives Strong Demand for the $114.4 Billion Market

Research and Markets
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Global Market for Seeds

Global Market for Seeds
Global Market for Seeds

Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Seeds: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Seeds Market to Reach $114.4 Billion by 2030

The global market for Seeds estimated at US$75.6 Billion in the year 2022, is projected to reach a revised size of US$114.4 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Cereals & Grains, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$46.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oilseeds & Pulses segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $20.6 Billion, While China is Forecast to Grow at 9.6% CAGR

The Seeds market in the U.S. is estimated at US$20.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.4 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.

The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem.

Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

283

Forecast Period

2020 - 2027

Estimated Market Value (USD) in 2020

$65.3 Billion

Forecasted Market Value (USD) by 2027

$94.7 Billion

Compound Annual Growth Rate

5.5%

Regions Covered

Global

Key Topics Covered:

MARKET OVERVIEW

  • Seeds: Most Critical Production Resource in the Agriculture-Food Value Chain

  • Recent Market Activity

  • Seeds: An Evolutionary Scan over the Years

  • The Vital Need to Feed the Expanding Global Population Provides the Foundation for Seed Market Growth

  • Global Food Scenario: Key Facts

  • Demand for Food to Witness Exponential Increase

  • Climate Change and Scarcity of Resources: Major Agricultural Production Impediments

  • Nutrient-Dense Seeds for Enhancing Crop Yield: Need of the Hour

  • Global Food and Feed Production: A Regional Addressable Market Perspective

  • Asia-Pacific: Dominant Region Worldwide in Terms of Cropped Area

  • Europe: Leading Producer and Exporter of Major Agricultural Products Worldwide

  • North America: Largest GM Crops Market in the World

  • Latin America: Brazil & Argentina to Play a Major Role in Global Agricultural Trade

  • Global Market Outlook

  • Growth Drivers in a Nutshell

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

  • Growing Demand for Genetically Modified Seed Varieties Drive Strong Market Growth

  • Global Transgenic/GM Crop Facts in a Nutshell

  • Significant Increase in Global Biotech Cropland Area Augment Demand for GM Seeds

  • Genetically Modified Seeds Replace Crop Protection Chemicals in Agriculture

  • Bt. Cotton: Most Promising and Fastest Growing BioSeeds Category

  • Key Barriers that Hinder Widespread Expansion of Bioseeds/GM Seeds

  • GM Seeds and Crops: The US Represent the Largest Global Market while China is the Fastest Growing

  • GM Crops: Current Status in Key Countries

  • GM Crop Plantation Area: Developing Countries Surpass Developed Nations

  • The United States Lead the Way in Biotech Crops

  • Asia-Pacific: The Fastest Growing Market for GM Seeds and Crops

  • Latin America Witnessing Diverse Applications of Seed Biotechnology

  • Seed Innovations and Advancements: Spearheading Growth

  • Comprehensive Cropping System: Future of Cultivation

  • Seed Solutions for High-yielding Crops

  • Renewably Sourced Products from DuPont

  • DuPont's Advanced Technologies for Better Seeds and Faster Growth

  • Complete DNA Sequencing to Facilitate Development of Superior Groundnut Varieties

  • Innovative Plant Breeding Techniques

  • Select Vegetable and Fruit Seed Advancements in Recent Years

  • Rising Adoption of Technology Enable Developing Countries to Turbo Charge Global Growth

  • India & China: Important Current and Future Markets

  • Surging Demand for Grain Seeds Benefit Market Expansion

  • Growing Preference for Healthy, Organic & Unprocessed Cooking Oils Sustains Demand for Oil Seeds

  • Myriad Benefits of Organic Farming Drives Robust Demand for Organic Seeds

  • Shift in Diet Habits towards Healthy Vegetarian Eating Fuel Demand for Vegetable Seeds

  • Superior Drought Tolerance, Productivity, and Nitrogen-Utilization Efficiency Drive Demand for Hybrid Seeds

  • Sustainable Agricultural Production Holds the Key to Various Seed Market Challenges & Issues

  • Seed Treatment Products: Essential for Crop Protection

  • Growing Demand for Non-GM Corn Seeds: A Divergent Trend

  • Favorable Demand and Production Trends of Various Crops Strengthen Market Prospects

FOCUS ON SELECT PLAYERS (Total 226 Featured)

  • AgReliant Genetics, LLC (USA)

  • Bayer AG (Germany)

  • Bejo Zaden B.V (The Netherlands)

  • Canterra Seeds (Canada)

  • China National Seed Group Corporation (China)

  • DLF (Denmark)

  • DLF Pickseed USA (USA)

  • Dow AgroSciences LLC (USA)

  • Mycogen Seeds (USA)

  • DuPont Pioneer (USA)

  • East West Seed Company (Thailand)

  • Enza Zaden (The Netherlands)

  • Groupe Limagrain Holding SA (France)

  • Vilmorin & Cie (France)

  • Gansu Dunhuang Seed Co., Ltd. (China)

  • Hefei Fengle Seed Co., Ltd. (China)

  • Hunan Xiangyan Seed Industry Co., Ltd. (China)

  • Krishidhan Seeds Private Ltd. (India)

  • KWS SAAT SE (Germany)

  • Land O'Lakes, Inc. (USA)

  • Lantmannen SW Seed AB (Sweden)

  • Mahyco (India)

  • Monsanto Company (USA)

  • Seminis, Inc. (USA)

  • Nuziveedu Seeds Ltd. (India)

  • Rasi Seeds (P) Ltd. (India)

  • Rijk Zwaan Zaadteelt en Zaadhandel B.V. (The Netherlands)

  • Sakata Seed Corp. (Japan)

  • Syngenta AG (Switzerland)

  • Takii & Company Limited (Japan)

  • The Scotts Miracle-Gro Company (USA)

  • UPL Limited (India)

For more information about this report visit https://www.researchandmarkets.com/r/8g57o0

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