Global Commercial Seeds Market: Industry Analysis and Forecast (2020-2026)
Author : Manisha Kashid | Published On : 23 Jul 2021
According to Maximize Market Research, the Global Commercial Seeds Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. The Global Commercial Seeds market has been witnessing steady growth during the 2019-2026 period. It is anticipated to grow at a CAGR of 8.32% throughout the period of assessment to reflect a market value of US$ XX Bn by 2026 from a value of US$ XX Bn in 2019.
The Global Commercial Seeds Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Commercial Seeds Market report also provides trends by market segments, technology, and investment with a competitive landscape.
To know about the Research Methodology :- Request Free Sample Report
Global Commercial Seeds Market Overview:
Commercial seeds are primarily planted for the purpose of producing any crop that will be used as an industrial raw material or animal feed. These commercial seeds provide a larger yield than other seeds, making them valuable for a variety of end-use applications. The need for commercial seeds is increasing as the world's population grows. Because commercial seeds produce more, the demand for commercial seeds is driven by the shrinking worldwide arable land as a result of rising urbanization.
Global Commercial Seeds Market Dynamics:
The ability of commercial seeds to maximise agricultural yield while reducing arable area is a key driver of market expansion. By 2050, the world's population is expected to exceed ten billion people. This is likely to increase demand for food, which would drive the market even more. Furthermore, increased disposable income per capita is expected to result in resource consumption that is both extensive and inefficient. Due to the propensity of commercial seeds to boost crop output when compared to farm seeds, this is projected to be a lucrative prospect.
Plant genetic codes may now be mapped more cheaply and quickly thanks to recent advances in molecular biology. Farmers can more effectively deal with key agricultural difficulties like high demand by increasing production with Genetically Modified (GM) seeds. As a result, biotechnology seeds are in high demand due to their high efficiency in agricultural production.
The United States, Brazil, Argentina, Canada, and India are among the major countries that have implemented GM agricultural farming. In 2016, the market for GMO crops accounted for more than 10% of arable land, with significant regional variation. For example, GM crops are widely grown in the United States, but their production is restricted in nations such as Russia, Turkey, and Saudi Arabia.
The climate change caused by the significant emission of methane and nitrous oxide from agriculture poses a significant barrier to the growth of the commercial seeds market. The digestive processes of ruminant animals and rice cultivation are majorly responsible for methane emissions by enteric fermentation. According to the World Resources Institute (WRI), significant system and solutions must be adopted to reduce the greenhouse gas emissions from agricultural production to tackle climate change. To combat climate change, the World Resources Institute (WRI) recommends that considerable methods be used to minimise greenhouse gas emissions from agricultural production.
Global Commercial Seeds Market Segment Analysis:
On the basis of product, the market is segregated into Maize (Corn), Soybean, Vegetable, Cereals, Cotton, Rice, Canola (Rapeseed) and Others. In 2019, maize (corn) was predicted to have a market share of 40.2 percent. Corn is also used in animal feed, and demand for it is likely to rise as meat consumption rises, particularly in emerging nations. Furthermore, the widespread use of maize products in the production of starch and sweeteners is likely to drive category growth throughout the projection period.
During the projection period, soybean is expected to grow at an annual rate of 8.3 percent. The high protein content of soybeans, combined with the significant extraction of oil from them, is expected to drive demand. Soybean is a common ingredient in animal feed. It's also utilised as a direct food source as a raw material in a wide range of industrial food items.
Wheat is the most important crop, accounting for roughly 68.0 percent of world cereal production. Wheat use is mostly driven by population increase, with roughly 80.0 percent of the crop consumed for food. China is the world's leading wheat producer. The CIS, the United States, Canada, and the European Union are major exporters.
For a vast portion of the world's population, rice is the most important staple food. Rice demand is predicted to grow at a rate of roughly 1% each year. Furthermore, it is linked to population growth. Due to its widespread use as a food source, the rice segment in Asia has a lucrative market.
On the basis of application, the market is segregated into Soybean, Maize and Cotton. With a revenue share of 46.5 percent in 2019, the General Modified maize category was the most profitable. Increased hectarage of genetically modified maize due to favorable market pricing, demand for biofuel and animal feed, and increased European corn borer infestation in regions of Europe were all key contributors in its domination in 2019.
During the forecast period, the GM cotton segment is expected to have the highest CAGR of 9.8%. Cotton's increased production, potential cost savings, and lower insecticide use in its production all contribute to the segment's growth. The major countries that have accepted GM cotton seeds include the United States, China, and India.
In 2019, the adoption of GM soybean was highest in South American countries, particularly in Brazil, where this crop was grown on a total of 20.25 million hectares. The United States, Argentina, Paraguay, Canada, Uruguay, Bolivia, and smaller acreages in South Africa, Mexico, Chile, and Costa Rica are all important markets for GM soybeans.
Global Commercial Seeds Market 1
Global Commercial Seeds Market Regional Analysis:
In 2019, North America commanded a market share of roughly 32.0 percent. Regional market growth is likely to be driven by extensive R&D, favourable government policies, and the cost-effectiveness of commercial seed. Farmers have gathered more detailed data as a result of the advent of precision farming. Farmers are expected to be more aware of these seeds as a result of this.
Over the projected period, Central and South America is expected to grow at the fastest rate of 10.7%. A vast range of farming structures and techniques, from smallholders in Central America to professionalised mega farmers in Brazil and Argentina, make agriculture an essential part of the region's economic system. Latin America is a major player in global agricultural trade, with Brazil and Argentina being among the top three corn and soybean exporters.
The agriculture sector in the Asia Pacific includes both basic agricultural systems in nations like India and the highest technical standards in Japan. The majority of smallholders and the importance of rice are common features throughout the area, with Australasia being the lone exception. Around 90% of the world's rice production is centred in Asia, with India and China accounting for 28.0 percent and 20.0 percent, respectively. The Asia Pacific is also the world's largest cotton grower.
Global Commercial Seeds Market 2
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-commercial-seeds-market/105667/
Global Commercial Seeds Market Scope: Inquire before buying
Global Commercial Seeds Market 3
Global Commercial Seeds Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Commercial Seeds Market Key Players
• Monsanto Company
• Syngenta Crop Protection AG
• Bayer AG
• Land O'Lakes
• DLF Seeds A/S
• Sakata Seed America
• TAKII & CO.LTD
• Adama Agricultural Solutions Ltd
• KWS SAAT SE & Co. KGaA
• Rijk Zwaan Zaadteelt en Zaadhandel B.V.
• Imperial Seed Company
• FMC Corporation
• Allied Seed LLC
• CN Seeds
• Rallis India Limited
• Enza Zaden
• Ampac Seed
• SL Agritech Corporation
• Vikima Seed A/S
• Rasi Seeds
• UPL Limited
• Corteva Agriscence
Maximize Market Research offers customization of reports according to the specific requirement of our clients.
This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.