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Commercial Seeds Market Outlook, Insights, and Overview 2024-2033
Commercial Seeds Market Outlook
As per the report, the commercial seeds market size has grown strongly in recent years. It will grow from $75.24 billion in 2023 to $82.05 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The commercial seeds market size is expected to see strong growth in the next few years. It will grow to $114.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Commercial Seed Market Soars With Growing Biofuel Demand
The growing demand for bio-fuels is expected to propel the growth of the commercial seed market. Biofuel is a renewable, non-toxic, environmentally beneficial, and economically viable alternative to fossil fuels, which are rapidly decreasing and have a significant environmental impact. Commercial seeds are extensively used in the production of agricultural products, which are further used in the processing of biofuels. Vegetable oil methyl esters, produced by transesterification of high-quality vegetable oil by methanol, are currently the most widely used type of bio-fuel. According to the US Energy Information Administration (EIA), an agency of the U.S. Federal Statistical System, biofuel output in the United States would expand until 2050. The amount of biofuel generated in 2050 would be 18% higher than the 6.5 billion liters produced in 2019. Therefore, escalating demand for biodiesel fuels is driving the growth of commercial seeds.
Syngenta Seedcare And Bioceres Crop Solutions Forge Alliance For Bio-Innovations In Commercial Seeds
Major companies producing commercial seeds are undergoing partnerships and collaboration to expand their business reach in fast-growing regions or countries in the commercial seed sector. For instance, in September 2022, Syngenta Seedcare, a Switzerland-based developer and producer of seeds got into a strategic collaboration with Bioceres Crop Solutions, an Argentina-based provider of crop productivity technologies. The collaboration aims to bring innovative biological seed treatments to the commercial seeds market. The agreement aims to bring together the world's leading seed treatment business with a leader in biological crop productivity solutions and accelerates global registration of existing products and joint development of new biological solutions.
The commercial seeds market covered in this report is segmented -
1) By Products: Maize (Corn), Soybean, Vegetable, Cereals, Cotton, Rice, Canola (Rapeseed), Others Products
2) By Seed Type: Organic, Inorganic, Genetically Modified
3) By Trait: Herbicide-Tolerance, Insect Tolerance, Other Traits
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Major companies operating in the commercial seeds market report are Syngenta International AG, Bayer AG, Corteva Inc., Vilmorin & Cie SA, Land O'Lakes Inc., Sakata Seed Corporation, Rijk Zwaan Zaadteelt en Zaadhandel B. V., Hyland Seeds Inc., MTI Distributing Inc., Triumph Seed Co., Northeast Seed Corporation., Limagrain Cereal Seeds LLC, KWS SAAT SE, DLF Seeds A/S, Takii & Co. Ltd., Monsanto Company, E. I. du Pont de Nemours and Company, Dow AgroSciences LLC, BASF SE, Bejo Zaden B. V., Groupe Roullier, East-West Seed International Limited, HM. CLAUSE Inc., Barenbrug Holding B. V., Advanta Seeds US Inc., Known-You Seed Co. Ltd., Tozer Seeds Ltd., Enza Zaden Beheer B. V., Seed Co Limited, E. W. Gaze Seeds Co. Ltd., Johnny's Selected Seeds Inc., Harris Moran Seed Company Inc., Seedway LLC
Contents of the report:
1. Executive Summary
2. Commercial Seeds Market Report Structure
3. Commercial Seeds Market Trends And Strategies
4. Commercial Seeds Market - Macro Economic Scenario
5. Commercial Seeds Market Size And Growth
…..
27. Commercial Seeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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