openPR Logo
Press release

Global Seed Market to Reach USD 99.9 Billion by 2030, Driven by Technological Advancements and Rising Food Demand

12-06-2024 09:46 AM CET | Food & Beverage

Press release from: Mordor Intelligence

Seeds Industry

Seeds Industry

Mordor Intelligence has published a new report on the Seeds Industry, offering a comprehensive analysis of trends, growth drivers, and future projections.

The Seed Market is projected to be valued at USD 73 billion in 2024 and is anticipated to grow to USD 99.94 billion by 2030, with a compound annual growth rate (CAGR) of 5.38% during the forecast period (2024-2030). Factors such as significant profits for growers, high consumption value as food, and the rising demand from the lubricants industry for biofuel production position this as the largest segment.

Report Overview - https://www.mordorintelligence.com/industry-reports/seeds-industry

Key Trends

1. Technological Advancements in Seed Development

Innovations in biotechnology have led to the creation of genetically modified and hybrid seeds that offer higher yields, pest resistance, and adaptability to various climatic conditions. These advancements are crucial in meeting the growing food requirements of an expanding global population.

2. Rising Demand for Food

The global population is expected to reach 9.7 billion by 2050, intensifying the demand for food. This surge necessitates increased agricultural productivity, thereby driving the adoption of high-quality seeds that can enhance crop yields.

3. Adoption of Sustainable Agricultural Practices

There is a growing emphasis on sustainable agriculture, leading to the development and use of seeds that require fewer chemical inputs and are resilient to environmental stresses. This shift supports environmental conservation and aligns with global sustainability goals.

4. Government Initiatives and Support

Governments worldwide are implementing policies and providing subsidies to encourage the use of improved seed varieties. These initiatives aim to boost agricultural productivity and ensure food security, further propelling market growth.

Market Segmentation

1. By Breeding Technology

Hybrids: Seeds developed by cross-breeding two different parent plants to produce offspring with desired traits.

Open Pollinated Varieties & Hybrid Derivatives: Seeds produced through natural pollination, often saved and replanted by farmers.

2. By Cultivation Mechanism

Open Field: Traditional farming practices conducted in natural environments without protective structures.

Protected Cultivation: Farming within controlled environments such as greenhouses, enhancing crop quality and yield.

3. By Crop Type

Row Crops: Crops like cereals and grains planted in rows, facilitating mechanized farming.

Vegetables: Includes a variety of edible plant species cultivated for human consumption.

4. By Geography

North America: A leading market due to advanced agricultural practices and high adoption of biotechnology.

Europe: Focuses on sustainable farming and stringent regulations on genetically modified organisms (GMOs).

Asia-Pacific: Experiences rapid market growth driven by increasing population and food demand.

South America: Known for extensive agricultural lands and significant export of crops.

Africa: Emerging market with growing investments in agriculture to enhance food security.

Get a Customized Report Tailored to Your Requirements. - https://www.mordorintelligence.com/market-analysis/seeds

Key Players

The global seed market is characterized by the presence of several key players driving innovation and market expansion:

Bayer AG

Corteva Agriscience

Syngenta Group

Limagrain

KWS SAAT SE & Co. KGaA

These companies are investing in research and development to introduce innovative seed varieties that cater to the evolving needs of modern agriculture.

Conclusion

The global seed market is on a robust growth trajectory, driven by technological advancements, increasing food demand, and supportive government policies. The adoption of improved seed varieties is essential for enhancing agricultural productivity and ensuring food security. As key players continue to innovate and expand their offerings, the market is expected to witness significant developments, contributing to the sustainability and efficiency of global agriculture.

Industry Related Reports

Indian Seed Sector Analysis: The India Seed Market is categorized by breeding technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives), cultivation mechanism (Open Field, Protected Cultivation), crop type (Row Crops, Vegetables), and state (Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh, West Bengal). The market is analyzed in terms of volume (metric tons) and value (USD).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/indian-seed-sector-analysis

Vegetable Seed Market: The Vegetable Seed Market is divided by breeding technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives), cultivation mechanism (Open Field, Protected Cultivation), crop family (Brassicas, Cucurbits, Roots & Bulbs, Solanaceae, Unclassified Vegetables), and region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The market is assessed in terms of volume (metric tons) and value (USD).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/vegetable-seed-market

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/

About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Seed Market to Reach USD 99.9 Billion by 2030, Driven by Technological Advancements and Rising Food Demand here

News-ID: 3775112 • Views:

More Releases for Seed

Non Dormant Alfalfa Seed Market to See Huge Growth by 2027 | S&W Seed, Alforex S …
Worldwide Non Dormant Alfalfa Seed Market patterns investigation report dissects the market status, portion of the overall industry, development rate, future updates, market drivers, openings and difficulties. Non Dormant Alfalfa Seed market report gives significant insights on the condition of the business and is an important wellspring of direction and course for organizations and people keen available. Besides, the report upholds brand mindfulness, assessing the dangers and passage obstructions of
Alfalfa Seed Market Overall Study Report 2020-2027 | Forage Genetics Internation …
The "Global Alfalfa Seed Market: 2020" Industry Report is a professional and in-depth study on the current state of the Alfalfa Seed Market by WMR. The Alfalfa Seed market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches,
Zoysia Grass Seed Market 2019 Key Player Analysis – Stover Seed, Seedland, Han …
Global Zoysia Grass Seed Market Insights, production, value, price, Future and Forecast up to 2026. The Market Revenue of Global Zoysia Grass Seed Market is expected to expand at a lucrative CAGR over the forecast period. Global Zoysia Grass Seed Market segmentation, industry reports, market trends, and market outlook are now available from Up Market Research (UMR). Request for PDF Sample of this Research Report @ https://www.upmarketresearch.com/home/requested_sample/109212 The key players covered
Global Grass Seed Market Research Report 2018-2025 | Global Key Player - Kussmau …
The market for Grass Seed is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Grass Seed (Forage Seed) Market Insights, Forecast to 2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions.
Global Quinoa Seed Market 2018 - Hancock, Heritage Harvest Seed, Real Seed
Apex Market Reports, recently published a detailed market research study focused on the “Quinoa Seed Market” across the global, regional and country level. The report provides 360° analysis of “Quinoa Seed Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Quinoa Seed on
Global Dormant Alfalfa Seed market 2017 - S&W Seed, Alforex Seeds, Arkansas Vall …
Apex Market Reports, recently published a detailed market research study focused on the "Dormant Alfalfa Seed Market" across the global, regional and country level. The report provides 360° analysis of "Dormant Alfalfa Seed Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Dormant Alfalfa Seed industry, and estimates the future trend of