Seeds Market: Key Drivers and Overview of Growth Opportunities 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Seeds Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $87.39 billion In 2028 At A CAGR Of 6.9% :

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..

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Seeds Market Major 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 Driver - 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.

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Prominent Trend - 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.

Seeds Market Players
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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Seeds Market Report Structure
3. Seeds Market Trends And Strategies
4. Seeds Market - Macro Economic Scenario
5. Seeds Market Size And Growth
…..
27. Seeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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