Seed Companies - Global Market Review & Outlook (2020-2025) by IMARC Group

A seed is a ripened fertilized ovule of a plant that contains an embryo and plays a significant role in the generation of a new plant. It is enclosed in the seed coat, which protects the embryo and performs several functions such as providing nourishment, dispersing to new locations and dormancy in unfavorable weather conditions. Besides this, seeds offer food to other species like animals and humans. According to IMARC Group, the global seeds market size reached US$ 66.9 Billion in 2018.

Food production is currently experiencing an increase on account of the rising global population which, in turn, is strengthening the growth of the global seeds market. Moreover, owing to economic growth and inflating income levels, the requirement for agricultural products from the food and non-food sectors is increasing in numerous developing markets, such as India, China and Middle East. Furthermore, due to rapid urbanization, the availability of per capita arable land has declined, which has led to the sales of high-yielding seed varieties. Moreover, increasing health and environmental consciousness has led to the demand for natural and chemical-free products. This trend has boosted the demand for organic seeds. Apart from this, governments in various countries are encouraging the production of biofuel. Consequently, the need for crops, such as soybean and corn, is increasing, thereby positively influencing the market growth. Looking forward, the market is anticipated to reach a value of US$ 98.1 Billion by 2024, exhibiting a CAGR of 6.6% during the forecast period (2019-2024).

Top Seeds Companies:

>> Monsanto Company
>> BayerE.I. du Pont de Nemours and Company (DuPont)
>> Bayer
>> Syngenta AG
>> Dow Chemicals

Other Report by IMARC Group:

Seeds Market: https://www.imarcgroup.com/prefeasibility-report-seed-processing-plant

Active Pharmaceutical Ingredients Companies: https://www.imarcgroup.com/top-players-global-active-pharmaceutical-ingredients-market

Water Purifiers Companies: https://www.imarcgroup.com/top-leading-keyplayers-water-purifier-market

Food Packaging Companies: https://www.imarcgroup.com/top-players-food-packaging-industry

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This release was published on openPR.