Seed Market Projected to Reach USD 113.28 billion by 2022

“Seed Market Size, Share, Price | Industry Report 2022” Market Research Report to It’s a Database.

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The seeds market is projected to reach USD 113.28 billion by 2022 at a CAGR of 9.9% from 2017. The market is driven by factors such as necessity to increase food production, increasing acceptance and area under cultivation of GM crops, improvement in Seed Replacement Rate (SRR), and change in science and technology advancements. Diminishing increase in growth of biofuel production and expected maturity in population growth rates and resultant impact on food demand are the restraining factors for seeds product manufacturers and service providers.

The GM seeds segment is projected to grow with the highest CAGR from 2017 to 2022. The demand for GM seeds is increasing due to their resistance to insects, pests, and diseases, and high yielding property. These seeds are environment-friendly, as they do not involve other chemicals. Due to its high yielding capability, these seeds are grown substantially in less arable lands. Some of the European countries, such as Germany, France, Scotland, Italy, Austria, Greece, Poland, and Belgium, have banned the use of GM crops.

Breakdown of Primaries:

• By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
• By Designation: Director Level – 22%, C Level – 28%, and Others – 50%
• By Region: North America – 18%, Europe –25%, Asia-Pacific –45%, and RoW – 12%

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Key players are as follows:

• Bayer Crop Science AG (Germany)
• E. I. Du Pont De Nemours and Company (U.S.)
• Monsanto Company (U.S.)
• Syngenta AG (Switzerland)
• The Dow Chemical Company (U.S.)

Other players with a strong presence in this market are as follows:

• KWS SAAT SA (Germany)
• Groupe Limagrain (France)
• Sakata Seed Corporation (Japan)
• Rallis India Limited (India)
• Land O’Lakes, Inc. (U.S.)

The report provides insights on the following:

• Market Penetration: Comprehensive information on seeds products offered by top players in the global market
• Product Development/Innovation: Detailed insights on upcoming seeds techniques, research & development activities, and new product launches in the seeds market
• Market Development: Comprehensive information about lucrative emerging markets
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global seeds market
• Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of leading players in the global seeds market.

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This release was published on openPR.