USD 63.92 billion
Report ID: SQMIG30H2031 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: 65 | Figures: 67
Global Commercial Seed Market Size was valued at USD 63.92 billion in 2021, and it is expected to reach a value of USD 99.70 billion by 2028, at a CAGR of 8.40% over the forecast period (2022 - 2028).
The ability of commercial seeds to maximize agricultural output while reducing arable land is a key driver of market expansion. The world's population is expected to exceed 10 billion people. This is projected 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.
Commercial seeds are used for crop production planting in the agriculture business. To generate a high-volume, high-quality harvest from farms, commercial seeds are processed and refined. In ancient times, the farmer produced and treated seeds for sowing reasons. Commercial seeds, on the other hand, are currently processed by seed companies and sold to farmers. The world's largest commercial seed companies are focusing their research efforts on ways to boost agricultural production while working with limited resources.
The United States, Brazil, Argentina, Canada, and India are among the major countries implementing GM agricultural growth. The market for GMO crops accounted for more than 10% of arable land, with significant regional heterogeneity. 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.
Global Market Size
USD 63.92 billion
Genetically Modified Seeds
Genetically Modified Seeds
To get more reports on the above market click here to Buy The Report
Global Commercial Seed Market is segmented based on Type, Trait, Other traits, and Region. Based on Type, it is categorized into Conventional and genetically modified seeds. Based on Trait, it is categorized into Herbicide-tolerance (HT), Insect-resistance (IR), Abiotic Stress Tolerance, Disease Resistance, Modified Product Quality, and Stacked Traits. Based on Region the market is further segregated into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, and Rest of the World.
Analysis by Type
During the forecast period, genetically modified seeds are expected to be the fastest-growing sector in the seeds market by type. The fastest-growing section is expected to be genetically modified seeds. Genetically modified seeds enable farmers to considerably cut their operating costs, such as pesticide treatment while ensuring a far more bountiful yield. As a result, they are substantially more expensive than normal seeds.
The largest market share, predicted to be 40.2% for maize (corn), will be achieved in 2021. The demand for corn, which is also used for animal feed, is anticipated to rise as meat consumption rises, particularly in emerging nations. Additionally, the widespread use of corn products in the production of starch and sweeteners is anticipated to fuel the segment's expansion throughout the forecast period. During the forecast period, soybean is expected to grow rapidly at a CAGR of 8.3 %. It is predicted that the demand for soybeans would be driven by the considerable oil extraction from them and their high protein content. Animal feed frequently contains soybeans. A range of industrial food items employ it as a raw ingredient and a direct food source.
About 68.0% of the world's grain production is made up of wheat, which is the primary crop produced there.The majority of the crop, or about 80%, is utilized for food, hence population growth is the main factor influencing wheat consumption. The world's largest producer of wheat is China. The CIS, the US, Canada, and the EU are the top exporting nations. For a sizable portion of the global population, rice is the most important staple food. The demand for rice is predicted to increase by about 1.0%. It also has a relationship with population expansion. Due to its huge usage as a food source, rice has a profitable market in Asia. However, one of the obstacles to growth is the heavy reliance on labour for the production of rice, as well as low yield productivity.
To get detailed analysis on other segments, Request For Sample Report
Based on region, North America currently dominates the global commercial seed market, accounting for about 32% of the total market share. Regional market growth is likely to be fueled by extensive R&D, favorable government policies, and the cost-effectiveness of commercial seeds. Seeders 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. Europe captured the second-largest share of the market, owing to an increase in individual demand for botox operations in key European nations and increased research and development spending in Europe.
Over the projected period, Central and South America are expected to grow at the fastest rate of 10.7%. A vast range of farming structures and techniques, from smallholders in Central America to professionalized dega farmers in Brazil and Argentina, make agriculture an essential part of the region's economic system. Latin America is a major market share in global agricultural trade, with Brazil and Argentina ranking 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 region, with Australasia being the lone exception. Around 90% of the world's rice production is centered in Asia, with India and China accounting for 28% and 20%, respectively. As the Asia Pacific is also the world's largest cotton grower.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
The demand for commercial seeds is growing in tandem with the world's population, accelerating the market's expansion. It is expected that increasing disposable income will lead to unrestrained resource usage. This will increase demand for commercial seeds, which will increase crop yield in comparison to farm seeds. The molecular biology revolution has made it easier and less expensive to map the genetic codes of plants. These developments will probably increase the production of commercial seeds.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The worldwide commercial seed market appears fragmented, Because of the large number of participants. Players in corporate strategic efforts such as mergers and acquisitions, expansion, collaboration, and product/technology introduction seek to achieve a greater competitive share.
Top Players company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using exploratory Research backed by the robust Secondary Desk research.
According to Analysis, Genetically modified Seeds Segments dominated the Global Commercial Seed Market. North America is expected to dominate the Global Commercial Seed Market. The increased disposable income per capita have emerged as major trends in this market.
|Market size value in 2021||USD 63.92 billion|
|Market size value in 2028||USD 99.70 billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Commercial Seed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Commercial Seed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Commercial Seed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Commercial Seed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.