What is the global market size of Commercial Seed Market?

Global Commercial Seed Market size was valued at USD 63.41 billion in 2021 and is poised to grow from USD 69.04 billion in 2022 to USD 138.5 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).

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

Q: Which region accounted for the largest share in Commercial Seed Market?

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.

Report ID: SQMIG30H2031 | Region: Global | Published Date: April, 2024
Pages: 265 | Tables: 65 | Figures: 75

Commercial Seed Market Dynamics

Commercial Seed Market Driver

Population Growth Around the World:

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.

Commercial Seed Market Restraint

A major obstacle to the expansion of the commercial seed market is the climate change brought on by agriculture's considerable emissions of methane and nitrous oxide. Methane emissions through enteric fermentation are mostly caused by the digestive systems of ruminant animals and rice farming. The World Resources Institute (WRI) claims that in order to combat climate change, considerable initiatives must be developed to minimise greenhouse gas emissions from agricultural production.

Commercial Seed Market Report Snapshots

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Commercial Seed Market size was valued at USD 63.41 billion in 2019 and is poised to grow from USD 69.04 billion in 2023 to USD 138.5 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).

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. 'Thermo Fisher Scientific', 'Merck KGaA', 'Sartorius AG', 'Danaher Corporation', 'Pall Corporation (a division of Danaher Corporation)', 'GE Healthcare Life Sciences', 'Repligen Corporation', 'Parker Hannifin Corporation', 'Meissner Filtration Products, Inc.', '3M Company', 'ErtelAlsop', 'Entegris, Inc.', 'Saint-Gobain Performance Plastics', 'Starlab Scientific Co., Ltd.', 'Avantor, Inc.', 'Filtertechnik Jäger GmbH', 'Advantec MFS, Inc.', 'Thermo Scientific (a division of Thermo Fisher Scientific)', 'Filtrox AG', 'Eaton Corporation'

Population Growth Around the World:

Maize (corn) was predicted to have a market share of 40.2%. 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 expansion throughout the projection period.

Based on region, North America currently dominates the 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.

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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

Commercial Seed Market Dynamics

Commercial Seed Market Report Snapshots

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What is the market size of Commercial Seed Market?

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Which region accounted for the largest share in Commercial Seed Market?

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