$ 21.71 Billion Growth Expected in Seeds Market | COVID-19 Impact Analysis in Q1 2021| APAC to Notice Maximum Growth | Technavio

NEW YORK, May 12, 2021 /PRNewswire/ — The global seeds market by product (conventional seeds and GM seeds), type (grain…

NEW YORK, May 12, 2021 /PRNewswire/ — The global seeds market by product (conventional seeds and GM seeds), type (grain seeds and oil seeds, fruits and vegetable seeds, and others), and geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio’s offering. The global seeds market is expected to grow by USD 21.71 billion, at a CAGR of over 6% during 2021-2025.

The growth of the global seeds market was affected in 2020 due to the outbreak of COVID-19. The demand and supply of seeds were disrupted in many countries across the globe. However, the number of active COVID-19 cases has decreased in the last quarter of 2020, which allowed governments to lift restrictions imposed on business activities. This has increased the demand for food and food products, which, in turn, has helped the market to pick up pace in 2021.

The market is expected to be driven by factors such as the rising investments in agricultural research and the growing use of seeds with advanced generation traits.

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Seeds Market: Opportunities

The market is witnessing rapid innovations in terms of seed technology. End-users are exhibiting high demand for seeds with modern traits, which has led to the development of improved versions of various seeds including corn, maize, wheat, and soybean. Also, the increased demand for GM crops and the rising adoption of hybrid and disease-resistant seems among farmers is providing significant opportunities for market vendors.

Seeds Market: Segmentation by Product

Based on the segmentation by product, the market generated maximum revenue in the conventional seeds segment in 2020. The segment is driven by the increasing popularity of organic farming. Besides, growing concerns over the negative impact caused by GM seeds on the environment have been compelling regulatory bodies to encourage the use of conventional seeds. This is further fueling the growth of the conventional seeds segment.

Seeds Market: Segmentation by Geography

APAC held the largest market share in 2020 and the market growth in the region is expected to be the fastest compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the availability of largely agricultural land and the increasing demand for food in China and India. In addition, increasing initiatives by governments to improve the quality and productivity of seeds is expected to contribute to the growth of the seeds market in APAC during the forecast period.

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Seeds Market: Major Vendors

BASF SE

The company offers crop protection products, seeds, and digital solutions. The portfolio of products offered by the company includes fungicides, herbicides, insecticides, and biological crop protection products, as well as seeds and seed treatment products. The company offers a wide range of vegetable seeds such as carrots, tomatoes, lady finger, and others.

Bayer AG

The company is involved in the development and marketing of products used for crop protection, seeds and plant trials, and nonagricultural pest control. The company offers a wide variety of crops and seeds such as Aclonifen, Admire, Adora, Adue, Agenda, and others.

Corteva Inc.

The company develops and supplies commercial seeds combining superior germplasm with advanced traits to produce high yield potential. The company also offers products to protect crop yields against weeds, insects, and disease, enabling farmers to achieve optimal results.

Groupe Limagrain Holding

The company offers field seeds, vegetable seeds, and garden products to farmers. The company also offers cereal ingredients for bakery and pastry industries for large retailers, consumers, and agri-food industries.

KWS SAAT SE and Co. KGaA

The company offers a wide variety of seeds such as sugarbeet, corn, cereals, winter oilseed rape, sorghum, and others.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five force summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Conventional seeds – Market size and forecast 2020-2025
  • GM seeds – Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Grain seeds and oil seeds – Market size and forecast 2020-2025
  • Fruits and vegetable seeds – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BASF SE
  • Bayer AG
  • Corteva Inc.
  • Dow Chemical Co.
  • Groupe Limagrain Holding
  • KWS SAAT SE and Co. KGaA
  • Land O Lakes Inc.
  • Rallis India Ltd
  • Sakata Seed Corp.
  • Syngenta AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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