Press release
Global Vegetable Seeds Market to Reach $20.79 Billion by 2029, Growing at 11.6% CAGR
Which drivers are expected to have the greatest impact on the over the vegetable seeds market's growth?As the call for organic food items continues to rise, the vegetable seeds market is expected to grow in tandem. Organically grown food doesn't involve the use of human-made synthetic chemicals like pesticides and fertilizers and is free from genetically modified organisms (GMOs). Amidst the COVID-19 outbreak, consumers' preference for organic foods heightened due to their perceived health and immunity benefits. For instance, in December 2023, the United States Department of Agriculture, a US federal agency, reported that India produced 2.9 million metric tons of certified organic edibles for the 2022-23 season. Consequently, this increased interest in organic food is predicted to fuel the expansion of the vegetable seeds market.
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What is the future CAGR of the vegetable seeds market, and how will it impact industry expansion?
Over the past few years, the market size for vegetable seeds has seen a swift expansion. It is predicted to rise from a base of $12.06 billion in 2024 to an estimated $13.42 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 11.3%. This growth during the historical period is the result of several factors such as increased global population, urbanization, evolving lifestyles, globalization of food supply chains, the growing vegetable processing industry, and the consumer demand for unique vegetables.
The market size of vegetable seeds is anticipated to witness a swift escalation in the approaching years. The market is projected to surge to $20.79 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.6%. The growth during the predicted period can be credited to the developments in organic farming, worldwide trading, and export possibilities, water-saving varieties, governmental aids, and incentives, as well as the consumers' inclination towards locally grown food. Notable trends during the forecast period encompass disease-resistant types, high-production hybrid varieties, trait enhancement through biotechnology, customization catering to urban and container farming, and the adoption of precision agriculture technologies.
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What are the most significant trends transforming the vegetable seeds market today?
Leading firms in the vegetable seeds market are concentrating their efforts on innovating technological advancements such as cutting-edge Seed Health Labs to boost seed quality, strengthen disease resistance, maximize crop yields, and foster sustainable farming methods. The vital role of advanced Seed Health labs is to elevate seed quality and endorse sustainable farming techniques to amplify crop yields. To illustrate, Syngenta Vegetable Seeds, a France-based enterprise introduced a cutting-edge Seed Health Lab in March 2024. The company, a division of the Syngenta Group, is specialized in creating and growing vegetable seeds, with a prime emphasis on agricultural innovation. These modern Seed Health Labs come equipped with sophisticated testing apparatus, disease identification abilities, quality management procedures, research divisions for the creation of novel seed varieties, data analysis for result interpretation, a commitment to sustainability, and a crew of adept personnel with a speciality in seed health and agricultural science.
Which key market segments comprise the vegetable seeds market and drive its revenue growth?
The vegetable seeds market covered in this report is segmented -
1) By Type: Open-Pollinated, Hybrids
2) By Crop Type: Solanaceae, Roots And Bulb, Cucurbit, Brassica, Leafy, Other Crop Types
3) By Traits: Genetically Modified, Conventional
4) By Form: Inorganic, Organic
Subsegments:
1) By Open-Pollinated: Heirloom Seeds, Traditional Open-Pollinated Varieties
2) By Hybrids: F1 Hybrids, Specialty Hybrids
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What regions are at the forefront of vegetable seeds market expansion?
Asia-Pacific was the largest region in the vegetable seeds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegetable seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the vegetable seeds market?
Major companies operating in the vegetable seeds market include BASF SE, Syngenta AG, JK Agri Genetics Limited, Bayer FMC Corporation, Groupe Limagrain Holding SA, Vilmorin & Cie SA, Rijk Zwaan Zaadteelt en Zaadhandel BV, Sakata Seed Corporation, Yuan Longping High-Tech Agriculture Co Ltd., Kaveri Seeds Company Pvt, De Enkhuizer Zaadwinkel, East-West Seed Company Ltd., W. Atlee Burpee & Co, Seedway LLC, Johnny's Selected Seeds, Stokes Seeds Inc., Bejo Zaden BV, Abbott & Cobb Inc., Harris Moran Seed Company, Advanta Seeds - UPL, Nuziveedu Seeds Limited, Emerald Seed Company, Territorial Seed Company, Takii & Co Ltd., Mahyco Private Limited, F.W. Sawatzky Ltd., Namdhari Seeds Pvt Ltd.
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What Is Covered In The Vegetable Seeds Global Market Report?
•Market Size Forecast: Examine the vegetable seeds market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the vegetable seeds market for a structured understanding.
•Key Players Overview: Analyze major players in the vegetable seeds market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vegetable seeds market.
•Segment Contributions: Evaluate how different segments drive overall growth in the vegetable seeds market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vegetable seeds market.
•Industry Challenges: Identify potential risks and obstacles affecting the vegetable seeds market.
•Competitive Landscape: Review strategic developments in the vegetable seeds market, including expansions, agreements, and new product launches.
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