Commercial Seed Market Size, Share, Growth Analysis, By Type(Conventional Seeds, Genetically Modified Seeds), By Traits(Herbicide-tolerance (HT), Insect-resistance (IR), Abiotic stress tolerance, Disease resistance), By Region - Industry Forecast 2024-2031

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.