Press release
Commercial Seed Market Growing At A CAGR Of 8.10% Over The Forecast Period
The global commercial seed market is expected to generate revenue amounting to USD 62.90 billion in2020, and is projected to reach USD 100.36 billion by 2026, growing at a CAGR of 8.10% over the forecast
period.
a decline in the amount of arable land due to urbanization, desertification, and general soil quality degradation. The yield of the crops that are grown on the available area must therefore be significantly increased. In addition, certain areas experience serious difficulties with agricultural productivity as a result of increasingly constrained access to water resources. These elements are anticipated to accelerate the adoption of highly effective GM seeds. The product ensures a production that is well suited to modern industrial demands, such as disease and pest resistance, shorter production cycles, simultaneous maturity, and production homogeneity.
As the world's population rises, there is a greater need for food. The global commercial seed industry is growing more quickly as a result of its superior output and yield performance at a time when arable land is decreasing internationally. Furthermore, farmers are under pressure to expand production of goods like maize, which is used to manufacture ethanol, as a result of rising demand for biofuels. Commercial seed will continue to be in demand due to rising demand in developing countries and technological advancements, however there are safety and regulatory issues with GM crops.
In the agricultural industry, growing crops uses commercial seeds. Commercial seeds are developed and processed to produce a high-volume, high-quality harvest from farms. In the past, the farmer would produce and prepare seeds for sowing. On the other hand, commercial seeds are currently prepared by seed businesses and sold to farmers. The biggest commercial seed companies in the world are concentrating their research efforts on strategies for increasing agricultural production while utilizing constrained resources.
Growing industrialization is diminishing the amount of arable land in developing countries, which has a negative influence on food production. However, it is possible for farmers to boost their agricultural yield with government backing and growing awareness of contemporary farming techniques. Governmental initiatives like these are what are driving the commercial seed business globally. Additionally, crop growers are receiving a growing amount of subsidies to encourage the creation of commercial seeds, resulting in an efficient production cycle and crop management. Low beginning costs for crop production help to maintain a stable supply-demand balance, and this will drive the market to grow rapidly over the next few years.
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Global Commercial Seed Market: Segmentations
Global Commercial Seed Market: By Key Players
Monsanto
Syngenta
DowDuPont
Bayer Crop Science
Groupe Limagrain
KWS Saat
Land OLakes
Takii
Sakata Seed
DLF-Trifolium A/S
Vilmorin
Global Commercial Seed Market: By Types
Conventional Seeds
Biotechnology Seeds
Global Commercial Seed Market: By Applications
Retail
Wholesale
Global Commercial Seed Market: Regional Analysis
The countries covered in the regional analysis of the Global Commercial Seed market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Another major factor fueling the demand for commercial seeds is that farmers are encouraged to use biotech or hybrid crops for better crop production. This was possible because of various initiatives conducted to spreads awareness among farmers on the modern ways of improving crop yield. Crop cultivated using advanced technologies are both insect and abiotic stress tolerant. The rising adoption of innovative farming practices will pave way for the growth of the global commercial seed market.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Commercial Seed manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Commercial Seed market covering all its essential aspects.
Reasons to Purchase the Commercial Seed Market Report:
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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