Press release
Tomato Seeds Market to Surge at a Robust Pace in Terms 2024 - 2031 | Major players operating in the market include
Tomato Seeds Market
The global tomato seeds market was valued at US$ 1,224.2 Million in 2022, and is expected to register a CAGR of 7.30% and is anticipated to reach at US$ 2,150.4 Million in terms of revenue over the forecast period (2023- 2030).
Market Dynamics:
The succinic acid market is expected to witness significant growth over the forecast period owing to increasing application in food additives. Succinic acid is approved by FDA and EU to be used as a food additive. It is used as a preservative and acidulants in food products. Additionally, growing demand for bio-based chemicals from end-use industries is also expected to support the market growth during the forecast period. Furthermore, increasing R&D investment by market players for developing novel applications of succinic acid will provide opportunities for market expansion between 2024-2031.
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Major Driver: Growing Demand From Biodegradable and Sustainable Polymers Production
Succinic acid is primarily used in the manufacturing of biodegradable and sustainable polymers. The growing environmental concerns regarding non-biodegradable plastic usages have resulted in amplified demand for bio-based and ecofriendly polymers. Succinic acid acts as a fundamental building block in the production of these sustainable polymers like polybutylene succinate (PBS), polyester polyols and polyurethanes. PBS produced from succinic acid has wide applications in packaging, agriculture and automotive industries due to its biodegradability and recyclability. Moreover, succinic acid derived polyurethanes and polyesters are gaining importance in the textile, medical and coating industries owing to their sustainability. With stringent regulations against single-use plastics and favorable government policies supporting green chemicals, the demand for bioplastics from succinic acid is anticipated to elevate significantly in the coming years.
Major Opportunity: Growing Demand in Cosmetics and Personal Care
The personal care industry has shown increasing interest in utilizing ecofriendly and renewable raw materials in recent years. Succinic acid derived esters like diethyl succinate, dimethyl succinate and butyl succinate offer superior emulsifying, thickening and solvent properties ideal for various cosmetic applications. They are gaining preference as natural preservatives and emulsifiers in products like lotions, creams, shampoos and hair conditioners. Butyl succinate is approved by regulatory authorities like EU and FDA for use in cosmetics. Its expanding demand is attributed to mildness on skin coupled with excellent solubilizing ability. Additionally, sodium succinate finds usage as an effective chelating agent in hair conditioners and facial masks. With shifting consumer preference towards greener personal care products, succinic acid derived esters stand out as a sustainable opportunity to substitute synthetic additives. This untapped application area can boost the overall market potential for succinic acid based chemicals over the forecast period.
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Top Companies Featured in This Report:
★ Major players operating in the market include
★ BASF SE
★ Groupe Limagrain
★ Syngenta AG
★ Abundant Seeds Pty Ltd.
★ Sakata Seed Corporation
★ Bayer AG
★ Advanta Seeds
★ Bejo Zaden BV
★ Enza Zaden
★ Takii & Co., Ltd.,
Market Segmentation:
By Product Type:
★ By Product Type: Hybrid Tomato Seeds, Open Pollinated/Heirloom Tomato Seeds
★ By Plant Growth Habit: Determinate & Semi-determinate, Indeterminate
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Tomato Seeds Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Tomato Seeds market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Tomato Seeds market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Tomato Seeds market.
Segment Analysis: Examining the market value and sales volume of Tomato Seeds by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Tomato Seeds market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Tomato Seeds sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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