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Vegetable Seeds Market is expected to witness a substantial growth of around USD 16.38 billion by 2032

04-28-2023 03:07 PM CET | Energy & Environment

Press release from: Extrapolate

Vegetable Seeds Market

Vegetable Seeds Market

The global Vegetable seeds market size was valued at approximately USD 8.72 billion in 2022 and is expected to witness a substantial growth of around USD 16.38 billion by 2032 at a CAGR of approximately 6.51% during the period from 2023 to 2032.The vegetable seeds market refers to the global trade of seeds used for growing different types of vegetables, including but not limited to tomatoes, onions, cucumbers, carrots, and peppers. These seeds are used by farmers, gardeners, and other growers to produce vegetables for consumption, either for personal use or for commercial purposes. The vegetable seeds market includes both open-pollinated and hybrid seeds, as well as genetically modified (GM) seeds.

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Key Players:
• Bayer Group
• Syngenta Crop Protection AG
• Limagrain
• Rijk Zwaan Zaadteelt en Zaadhandel B.V.
• Bejo Zaden B.V.
• Enza Zaden Beheer B.V.
• Advantaseeds
• Mahyco

Vegetable Seeds Market- Growth Factors
• Increasing demand for healthy and organic food: As more consumers become health-conscious, demand for fresh and organic vegetables is increasing. This is driving the demand for vegetable seeds that produce high-quality, nutrient-rich vegetables.
• Growing population: With the world population projected to reach 9.7 billion by 2050, the demand for food is expected to increase significantly. Vegetable seeds will play a crucial role in meeting this demand by helping farmers and growers produce more vegetables efficiently.

• Technological advancements: Advancements in seed technology, such as gene editing and biotechnology, are enabling the development of new and improved vegetable seed varieties that are more resistant to pests, diseases, and adverse weather conditions.

• Urbanization: As more people move to urban areas, demand for fresh and locally grown produce is increasing. This is driving the growth of urban farming and community gardening, which require vegetable seeds for planting.

• Government support: Governments around the world are supporting the agriculture industry through initiatives such as subsidies and incentives for farmers, which is expected to boost the demand for vegetable seeds.

Overall, the vegetable seeds market is expected to grow at a steady pace in the coming years, with opportunities for growth in both developed and developing countries.

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Market Segmentation
By Type
• Open Pollinated
• Varieties & Hybrid
By Crop Type
• Solanaceae
• Root & Bulb
• Cucurbit
• Brassica
• Leafy
• Others
By Cultivation Method
• Protected
• Open Field

Objectives of the Report
• To carefully analyse and forecast the size of the Vegetable seeds market by value and volume.
• To estimate the market shares of major segments of the Greenhouse Horticulture
• To showcase the development of the Vegetable seeds market in different parts of the world.
• To analyse and study micro-markets in terms of their contributions to the Vegetable seeds market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Greenhouse Horticulture
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Vegetable seeds market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Recent Development
In January 2021: Four innovative new vegetable seed categories were introduced by Bayer such as Anshuman, Bazlet, SVHA9093, and Humgauri. The announcement was made at the Bayer vegetable seed company's fourth annual Pragati Diwas celebration. In the same event, 120 high-yielding hybrid seeds for 14 different fruit and vegetable crops were also displayed.

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