Crop Seeds Market is Estimated to Grow at a CAGR of 4.5% within the forecast period of 2023-2030: Cognitive Market Research

Market Overviews:
Crop seed refers to the seed or seed-like fruit of grain, beans, flax, beets, onions, or any other crop, whether planted or not. a biennial plant raised specifically for its seed in seed production. The first year of growth for crops cultivated for seed is the same as the first year for plants that are not raised for seed. The healthiest plants of a specific kind are dug out in the fall and stored in special storehouses until spring, often in the shape of seed stalks (for cabbage). The seed crops are sown in the open land in the spring, when they mature and yield seed.

Market Summary:
The crop seeds market is expected to grow from USD 58.5 billion in 2020 to USD 105.3 billion by 2031, at a CAGR of 4.5%. The market is majorly driven by the growing demand for food grains and the rising adoption of biotech crops. This demand is high in the Asia Pacific region.

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Market Dynamics
Currently, the demand for food grains is growing. FAO's latest forecast for world cereal production in 2022 has been raised by 8.3 million tonnes (0.3 percent) in February to 2 765 million tonnes, albeit still 1.7 percent lower year-on-year. This drives the growth of the crop seeds market.

However, currently availability of counterfeit seeds restrains the growth of the market. Nevertheless, rising adoption of biotech crops will provide the enormous opportunities for the growth of the market. In 2019, up to 17 million farmers in 29 countries planted 190.4 million hectares of biotech crops.

Market Segmentation:
Based on the type, genetically modified crop seeds dominate the crop seed market due to its ability to reduce running cost while maximizing productivity.

Based on the crop type, cereals and grains segment dominate the crop seed market. This is due to the rising demand for healthy food, high profit, increasing consumption as a food, and others.

Based on the traits, other segment dominates the crop seed market owing to the rising adoption of crops with multiple traits, and others.

• Type: Conventional Crop Seeds, Genetically modified Crop Seeds
• Traits : Herbicide-tolerance (HT), Insect-resistance (IR), Other
• Top Companies that hold a market share in Crop Seeds:
Hancock Seed Company, Allied Seed, Dynamic seeds, Brett Young, Golden Acre Seeds, Moore Seed Processors, Foster Feed and Seed, Dow Agro Sciences LLC, E.I. du Pont de Nemours and Company, Advanta Seed, Monsanto, Barenbrug Holding, AMPAC Seed Company, Imperial Seed, Territorial Seed Company, La Crosse Seed LLC

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News:
• In January 2023, BASF's vegetable seeds division has acquired ASL of France. The deal encompasses all parts of ASL's existing business, including seed production, intellectual property rights, germplasm, research and development facilities, and personnel. This purchase will enable BASF to continue developing new revolutionary concepts of healthy and tasty melons that will add to customer loyalty to the company's value chain partners.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Crop Seeds Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Segmentation
- 1.5.1 Regional Fragmentation
- 1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Crop Seeds Market Overview
• 4.1 Introduction
• 4.2 Global Crop Seeds Market Statistics by Regions (2018-2030)
- 4.2.1 North America Crop Seeds Status and Prospect (2018-2030)
- 4.2.2 Europe Crop Seeds Status and Prospect (2018-2030)
- 4.2.3 Asia Pacific Crop Seeds Status and Prospect (2018-2030)
- 4.2.4 Latin America Crop Seeds Status and Prospect (2018-2030)
- 4.2.5 Middle East and Africa Crop Seeds Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Crop Seeds Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Crop Seeds Market by Traits Segmentation Analysis (2018-2030)
Chapter 10 Global Crop Seeds Market by Crop Type Segmentation Analysis (2018-2030)
Chapter 11 Global Crop Seeds Market Regional Analysis
Chapter 12 North America Crop Seeds Market Outlook (2018 - 2030)
Chapter 13 Europe Crop Seeds Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Crop Seeds Market Outlook (2018 - 2030)
Chapter 15 Latin America Crop Seeds Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Crop Seeds Market Outlook (2018 - 2030)
Chapter 17 Research Findings

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Regional Analysis:
• Geographically, the global Crop seeds market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the crop seeds market owing to the rising agriculture industry, government support, rising food demand, growing number of farmers, and others.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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