Tomato Seeds Market Key Drivers, Opportunities, Leading Players And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Tomato Seeds Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The tomato seeds market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to consumer demand, crop yield and quality, global agriculture trends, climate change and environmental factors.

The tomato seeds market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to population growth, changing consumer preferences, urbanization and greenhouse cultivation, global trade and market liberalization, pest and disease management. Major trends in the forecast period include biotechnological advancements, growth in organic and non-gmo segments, urban and controlled environment farming, biodiversity and heirloom varieties, sustainable packaging and marketing, digital agriculture.

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Market Drivers and Trends:

The increasing demand for fresh vegetables is driving the growth of the tomato seeds market. As the need for fresh veggies grows, so does the demand for tomato seeds, which are a key ingredient in many vegetarian meals. For instance, according to the Business Standard, an India-based newspaper, India's overall horticulture production reached 326.58 metric tons in 2021, up 5.81 metric tons from 2020. In addition, vegetable production reached 193.61 metric tons in 2021, up 2.5% from 188.91 metric tons in 2020. Thus, the increasing demand for fresh vegetables is expected to propel the growth of the tomato seeds market going forward.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

BASF SE, Bayer CropScience LP., Limagrain Holding SA, Rijk Zwaan Zaadteelt en Zaadhandel B. V., Syngenta AG, United Phosphorus Limited, East West Seeds India Private Limited, Namdhari Seeds Pvt. Ltd., Asia Seed Co. Ltd, Takii & Co. Ltd, Mahindra Agri Solutions Limited, Bejo Zaden B. V., Liaoning Dongya Agricultural Development Co. Ltd., E. I. du Pont de Nemours and Company., Sakata Seed Corporation, Enza Zaden Beheer B. V., Known-You Seed Co. Ltd., Groupe Roullier, Vilmorin & Cie SA, Johnny's Selected Seeds Inc., Harris Moran Seed Company, HM. CLAUSE, Barenbrug Holding B. V., Tozer Seeds Europe Ltd., E. W. Gaze Seeds Co. Ltd., Seed Co Limited, BHN Seed Inc., Tomato Breeders Supply Company Inc., Suba Seeds Company Spa, Western Seed Company, Rispens Seeds

Tomato Seeds Market 2024 Key Insights:

• The tomato seeds market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
• Surging Demand For Fresh Vegetables Boosts The Tomato Seeds Market
• Technological Innovations Reshaping The Tomato Seeds Market
• North America was the largest region in the tomato seeds market in 2023

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