The Commercial Seeds Market was valued at $52.50Billion in 2018 and is forecast to grow at a modest8.3 % CAGR between2018 and 2025, culminating in 2026 global sales of $95.66Billion.
Increase the world population is expected to reach 11 billion by 2050 and their daily consumption of food will fuel the seed market segment all over the world. This seeds having the capability to enhance the crop harvest at the same time as decreasing farmable land is the important aspect propelling the market growth. Similarly, increasing dispensable income per wealth is estimated to outcome in wide and ineffective consumption of resources. This is projected to current a profitable prospect due to the capability of commercial seeds to progress crop harvest related to farm seeds. Apart from this, due to the developments in molecular biology simplified faster and inexpensive planning of hereditary codes of plants which can tackle the agriculture challenge and increase the crop production by the help of GM (Genetically Modified) method. Implementation and development of new procedures of farming in established along with emerging regions are likely to open upcoming opportunities in the application and expansion of GM crops and commercial seeds. By this GM procedure, the seeds are consists of the resistance of shorter production cycles, diseases and insects, instantaneous maturity, and homogeneity in production.
“Optimal Price Point (OPP) for Global Commercial Seeds”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Commercial Seeds are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Commercial Seeds Market by “Product Categories”
We have segmented the Global Commercial Seeds based on Product categories as Maize, Soybean, Vegetable, Cereals, Cotton, Rice, and Canola.
We have observed the rapid growth of Commercial Seeds followed by Maizewith a healthy market share of 43% in 2017. It is demanded in the market because of animal feed, sweeteners, and starch.
We have also noticed the significant growth of Commercial Seeds followed by Soybean segment, which expects to grow a CAGR of 8.5% by shares during the forecast period. Mainly it is used to the extraction of oil and has consisted of high protein percentage.
The Wheat segment is also anticipated to witness an account for 69% of world cereals production. Globally this segment used as food consumption and China is the highest producer of wheat.
Global Commercial Seeds Market by “Biotechnology or GM Seeds”
We have segmented the Global Commercial Seeds based on Biotechnology or GM Seeds as GM soybean, GM maize, GM cotton, GM Canola, and Others.
We have observed that the rapid growth of Commercial Seeds followed by GM maize segment with a healthy revenue share of 48% in 2017. Mainly it available in the market with an affordable market price, used for animal feeds and biofuel.
We have also perceived the significant growth of Commercial Seeds followed by GM cotton segment, which expects to grow a CAGR of 9.5% by shares during the forecast period. Enlargedharvest of cotton, likely savings in the cost of cultivation, and decreased insecticide use in its agriculture facilitate the segment growth. U.S., China, and India are the major countries to have implemented GM cotton seeds.
Implementation of GM soybean was extremely cultivated in the South American countries in 2017, specifically in Brazil it captured 20.30 million hectares of a crop field.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Commercial Seeds followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of genetic codes plant and Global Commercial Seeds option create an impact in developing countries for the demand for animal feed and improve cultivation procedure. Asia Pacific is projected to increase at the fastest CAGR during the forecast period on account of the increasing requirement of higher yield on the available cultivation land. Around 90% of the global rice area is concentrated in Asia, with India and China accounting for a share of 28.0% & 20.0%, respectively. The Asia Pacific is also the biggest global producer of cotton. Similarly, North America dominated the global market in 2011 accounting for over 30% of the overall share, followed by the Asia Pacific.
“Competitive Landscape”and “Merger& Acquisition Insights”
The key market participants Monsanto, Syngenta, Dow DuPont, Vilmorin & Cie, Bayer AgroSciences, KWS, AgReliant, Sakata, and Takii are few major players in Global Commercial Seeds markets. TheGlobal Commercial Seeds market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Commercial Seeds Market by Product categories(Revenue, Million, 2018 – 2026)
Global Commercial Seeds Market by Biotechnology/ GM Seeds(Revenue, Million, 2018 – 2026)
- GM soybean
- GM maize
- GM cotton
- GM Canola
Global Commercial Seeds Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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