Seeds Market Growth Analysis, Size, Share, Current Trends, Business Opportunity, Emerging Technologies and Regional Forecast To 2023

Seeds Market Scenario

The market is experiencing a rise in its growth of commercially produced enhanced seed verities, due to its benefits such as improved nutritional quality, high yield, reduced crop damage, and disease resistance.

The Seeds Market players are focusing on their R&D activities to launch new and innovative verities of seeds. In addition, the players are also focusing on making such products accessible and visible to the farmers across the globe through wide distribution network. Moreover, the global vendors are undertaking technological innovations to improve the seed quality.

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Segmentation

The global seeds market has been segmented based on type, crop type, seeds treatment, trait, and region.

By type, the global seeds market has been bifurcated as GM (Genetically Modified) seeds and Non-GM seeds.

Based on category, the market is segregated as organic and conventional.

Based on crop type, the global seeds market has been segregated as cereals & grain, fruits & vegetables, oilseeds & pulses and others.

The North American seeds market has further been segmented into the US, Canada, and Mexico. The European seeds market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The seeds market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The seeds market in the rest of the world has been segmented into South America, the Middle East, and Africa.

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Regional Market Summary

Asia-Pacific is expected to account for the largest revenue share in the global seeds market. North America is expected to grow with the highest CAGR during the forecast period due to the presence of several market players in the region and surging agricultural exports. The regions dominance can be attributed to the rising preference of farmers for commercially produced seed verities opposed to utilizing seeds from the last harvest. In addition, surge in crop production and increasing government initiatives in Europe’s agriculture industry are also driving the region’s market growth.

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This release was published on openPR.