Global Wheat Seed Market-Segmented by Geography-Growth, Trends and Forecast (2018-2023)

The total consumption of wheat seed market in the year 2017 is estimated to be 742 million metric ton and is expected to sustain a considerable growth trend during the forecast period of 2018-2023. Increasing demand for high yielding varieties, subsidies for wheat cultivation in the Asia-Pacific regions, and growing demand for food safety are the major factors driving the global wheat seed market.

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 Major Players: Syngenta, Dupont Pioneer, Monsanto, Ragt, Pro Harvest, Groupe Limagrain, And Northern Star, Among Others.

 Volatile Climatic Pattern Acts as a Restraint

 Farmers in Asia-Pacific region are majorly dependent on the rainfall and unpredictable rainfall in these countries is restraining the growth of the market. Increase in temperature is also catastrophic in terms of yield, as higher temperature accelerates the evapotranspiration creating moisture stress. 

China is the dominant player

 Though the Asia-Pacific region accounts for 40% of the world’s cultivable land, it is dominated by smallholders, farming less than 2 hectares each. The Wheat seed market occupies 13% of the total seed market in Asia-Pacific. China is the largest producer of wheat and claims a 44.9% market of the total global wheat production in 2016. China is the largest producer of wheat followed by India in the Asia-Pacific region accounting a production of 131.3 million metric ton and 96.2 million metric ton respectively in the year 2016. The Chinese wheat seed market was valued at USD 2,262 million in 2015, which is expected to sustain its considerable growth trend during the forecast period of 2018-2023.

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Identify the dominating and the fastest growing regions in the global wheat seed market and their growth trends during the forecast period
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