Press release
Commercial Seeds Market - What's New For 2018?
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To enhance their production, many leading manufacturers are entering into exclusive agreements with farmers in order to buy and supply seeds. As a result of this, the competition among the players is expected to intensify over the next couple of years. A few of the other companies operating in the global commercial seeds market are Takii, Sakata, Agreliant, KWS, and Bayer AgroScience. The global commercial seeds market is expected to witness promising growth over the forecast period. The global market for commercial seeds stood at US$43.81 bn in 2015 and is projected to rise to a valuation of US$53.32 bn by the end of 2018.
Maize to Dominate Conventional Seeds Market; Soybean to Emerge Leading Genetically Modified (GMO) Crop
The global commercial seeds market has been broadly bifurcated into conventional and bioseeds or genetically modified seeds. Both the segments have been analyzed on the basis of product and region. Among the various products in the conventional seeds segment, maize emerged dominant in 2012 and is likely to retain a strong hold over the market until 2018. It is expected to account for a share of 45.5% in 2018, closely trailed by soybean with a share of 16.3% in the same year. The high consumption of maize can be attributed to its unique ability to grow in extreme and diverse conditions and a wide application range. Similarly, in the genetically modified seeds segment, soybean is expected to emerge dominant with a share of 41.3% in 2018.
Region-wise, both in the conventional and genetically modified seeds segments, North America dominated the market. It is expected to maintain a leading position until 2018 and is expected to hold a share of 29.6% and 30.9% in the respective segments in 2018. The growth of the markets for conventional and genetically modified commercial crops in North America can be attributed to the ongoing technological developments to produce high yield crops, the standardization in global farming, and the extensive use of biotechnology in farming.
Growing use of Biofuels to Enhance Production of Genetically Modified Commercial Crops
One of the key ingredients used in the production of ethanol is corn. Wet and dry milling are the forms in which corn ethanol is available. Owing to their ecological benefits and efficiency, yellow corn has been gaining prominence as an additive used in the production of biofuels. For instance, corn has been continuously used as a feedstock for biogas plants in Germany in the post-industrialization era. Likewise, in several parts of Europe such as France and Germany, ethanol is a component added to regular fuel. It does not affect the output of the automobile and works as efficiently as any regular fuel. The growth in the production of genetically modified commercial seeds is also due to the high economic value of these seeds in comparison to conventional seeds as they have a high yield value and resistance power against diseases and pests
“In spite of all the positive outlook of the market, it is expected that factors such as patent issues that on one hand favor the innovator and on the other hand create entry barriers are anticipated to hinder the growth of the market. Concerns related to the safety of genetically modified crops can also challenge the growth of the global commercial seeds market,” says a TMR analyst.
This review is based on a Transparency Market Research report titled, “Commercial (Conventional and Biotech/GM) Seeds Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018.”
Commercial Seeds: Product Segment Analysis,
Maize (Corn)
Soybean
Vegetables
Cereals
Cotton
Rice
Canola
Others (Sunflower, Sugarbeet)
Bioseeds (GM Seeds): Product Segment Analysis,
Maize (Corn)
Soybean
Cotton
Canola
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