Analyzing Seeds Market Trends 2024

The seeds market size has grown strongly in recent years. It will grow from $62.69 billion in 2023 to $66.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in world population, government initiatives, decreasing farmlands areas and increasing demand for animal feed..

The seeds market size is expected to see strong growth in the next few years. It will grow to $87.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to global population growth, food security initiatives, increase in biofuel demand and shift towards vegan eating. Major trends in the forecast period include leveraging ai to drive innovations, focus on biological seed treatments, focus on partnerships and collaborations to strengthen market position and invest in novel seed treatment technologies for higher yields and better productivity..

Market Overview -
Seed refers to the matured ovules of plants used for sowing, or the grains, in the embryonic stage of the plant life cycle. Typically, it refers to A root, stem, and one or more leaves that can be found on the embryo, which is a miniature plant. It has significant protein, carbohydrate, and oil reserves that support a plant's early growth and development.

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Growing Demand For Biofuel From Genetically Modified Crops Boosts Seeds Market
The seeds market is expected to be supported by the growing demand for biofuel manufactured through genetically modified crops in the forecast period. Genetically modified (GM) plants have been promoted as a new option for biofuel production as they promise a higher yield or higher quality feedstock. As countries slowly shift from fossil fuels to more eco-friendly means of transportation, biofuels are expected to increasingly gain popularity, thus supporting the demand for GM crops in the forecast period. For instance, the revised Renewable Energy Directive (REDII) in Europe of 2021, setting the EU policy framework until 2030, is expected to support the market for biofuels, thus driving the seeds market.

Competitive Landscape -
Major companies operating in the seeds market report are Corteva Inc, Bayer AG, KWS SAAT SE & Co. KGaA, BASF SE, Syngenta AG, Groupe Limagrain Holding SA, DLF Seeds A/S, UPL Limited, Sakata Seed Corporation, Land O'Lakes Inc., Abundant Seeds, Advanta Seed International, Clause Pacific, Heritage Seeds Pty Ltd, Magnus Kahl Seeds, Queensland Agricultural Seeds Pty Ltd, South Pacific Seeds Pty Ltd, Terranova Seeds Pty Ltd, Beijing Dayi Seed Co Ltd, Beijing Mantian Seeds Co Ltd, Beijing TopGreen Turf & Forage Co Ltd, East-West Seed International Ltd, Green Seeds China, Henan Know-How Seed Co Ltd, Jiuquan Changqing Seeds Co Ltd, Liaoning Dongya International Seed Co Ltd, RichPro Seed Co Ltd, Techspark Seed Co Ltd, Wenzhou Shenlu Seed Co Ltd, Vilmorin, Syngenta Seeds, Limagrain, BASF SE, Bayer Crop Science AG, CN Seeds Ltd, Hazera Seeds, Plant Seeds Ltd, Tozer Seeds, Roussineau SA, Gautier Semences, Panam Semences, Semences de l'Est, Technisem, ROLIMPEX SA, Danko, PHU Karo, TORSEED, Grupo Sakata Seed de México SA de CV, Top Seeds Inc, Reimer seeds, West Coast Seeds, Richters Herbs, KWS AG, Monsanto, DuPont Pioneer, Syngenta, Agridera Seeds & Agriculture Ltd, BreedIT Ltd, Genesis Seeds Ltd, Hazera Seeds Ltd, Nirit Seeds Ltd, Monsanto South Africa (Pty) Ltd, Corteva Agriscience, Capstone Seeds, Syngenta Seed S.A. (Pvt.) Ltd, African Seeds Group

Seeds Market Witnessing Growth Through Innovation With Recent Product Launches
Product launches are a key trend gaining traction in the seeds market. Major companies operating in seeds are focusing on product innovations and developing new products to strengthen their position in the market. For example, in October 2021, Kannar Earth Science Ltd, a US-based company manufacturer of high-quality seed coating products launched KAN7. KAN7 is a special combination of amino acids and a critical micronutrient. KAN-7 is designed to be given to seed at modest treatment rates while still efficiently promoting crop establishment through seedling development and vigour. KAN-7 uses the availability of carbohydrates to encourage the colonization and proliferation of more seed-applied microorganisms.

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Key Segments -

The seeds market covered in this report is segmented -

1) By Type: Genetically Modified, Conventional
2) By Seed Treatment: Treated, Non-Treated
3) By Crop Type: Cereals And Grains, Fruits And Vegetables, Oilseeds And Pulses, Other Crop Types
4) By Traits: Herbicide-Tolerant, Insecticide-Resistant, Other Traits

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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