Press release
Commercial Seeds Market Globally Expected to Drive Growth through 2018
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Commercial seeds are developed to cater to the food needs of the rising population across the world. Today, farmers and public-sector plant cultivators hold a small share of the commercial seed market worldwide. This is because in a span of three decades, a handful of multinational corporations have utilized intellectual property laws to commoditize the world’s seed supply.
The report cites many reasons for the development of the commercial seed market over the past few years. The increasing global population, rising demand for animal feed and oleochemicals, and increasing utilization of biofuels are some of the vital reasons for the market’s growth. The report also explains the various factors that are hindering the growth of this market. This primarily includes challenges from patent-related issues; large companies have acquired patents on advanced plant breeding methods, which leaves others to employ conventional methods. This also restricts other players from utilizing specified genetic traits in plant breeding procedures. The commercial seed market is highly consolidated with 75% of the total market being taken over by the top ten players. Other than this, increasing concerns about risks of genetically modified crops is also hampering the growth of this market to a considerable extent, adds the report.
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Further, the report discusses the GM Seeds market, in which the soybean seed segment witnessed the highest demand and contributed more than 40% of the total revenue generated by the market in 2011. However, the market for corn is likely to report the fastest growth in this market segment during the forecast period.The report also analyzes the global commercial seed market in terms of region. North America, Asia Pacific, Europe, and the Rest of the World are the major regional markets for commercial seed. In 2011, the North America commercial seed market accounted for more than 30% of the global market, positioning itself on the top.
The commercial seed market in Asia Pacific and Europe captured second and third position, respectively. The report predicts extensive growth in the Asia Pacific commercial seed market owing to rise in demand for commercial seed from developing Asian economies during the forecast period.
The major participants in the global commercial seed market are Monsanto Co., Syngenta Int. AG, DuPont Pioneer, Vilmorin & Cie SA, Bayer CropScience, KWS SAAT AG, Dow AgroSciences, Takii & Co. Ltd., Sakata Seed Corp., DLF-Trifolium, and AgReliant Genetics LLC. Monsanto led the global market with 20% share in 2011, reports the market study.
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