Vegetable Seed Market - Growth, Trends and Forecasts (2017 - 2022)

Reports And Markets Publish a New Market Research Report On –"Vegetable Seed Market - Growth, Trends and Forecasts (2017 - 2022)"

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Market Insights

The global vegetable seed market is nearly 11% of the global seed market. The estimated value during 2015 was USD 5.05 billion and the market is projected to witness a double digit growth rate during the 2016-2021 period. With the advancements in technology, the industry is shifting towards the use of new molecular marker techniques to develop advanced hybrids and varieties. Adoption of GMO technology is also increasing rapidly. Even though many companies are operating globally, they are also catering to the domestic market requirements by introducing new vegetable varieties. Rapid growth is expected to occur in the vegetable seed market due to mergers & acquisitions and collaborative projects between companies.

Market Dynamics

Seed is one of the most basic and important inputs for vegetable cultivation. It is estimated that the quality of seed accounts for 25-30% of productivity. The growing demand and increased production of vegetables are driving the market growth. The global vegetable production has doubled over the past 25 years and its value has exceeded the grain trade value. Currently, China is the largest grain producer, followed by India. High seed replacement rates for vegetables like cabbage and tomato, as compared to oilseed and grains, are among the important factors stimulating the market growth. However, the perishable nature of seeds, high R&D costs and the presence of spurious seeds in the market are restraining the market growth.

Market Segmentation

The market has been segmented by the vegetable types into - tomato, cabbage, sweet pepper, lettuce, watermelon, onion, melon, Chinese cabbage, hot pepper, carrot and others. Tomato seed market has the largest share followed by cabbage, among others. Eggplant is expected to witness the fastest growth during the forecast period.

By geography, Asia-pacific is the largest vegetable seed market, followed by Europe, Latin America and North America. The USA, the Netherlands, France, Chile, China and Italy are the top seed exporting countries. During 2015, the USA exported 14678 metric tons of vegetable seeds worth USD 550 million. Regarding the volume of seed exports, the Netherlands is the second largest exporter, followed by Italy, France and China.

The total export volume of vegetable seeds from Chile is nearly 15% of the Italy’s export volume. However, the export value of the Chile vegetable seed is USD 30 million more than Italy’s seed export value. By import value and volume, the Netherlands is the largest market, followed by the USA, Mexico, Spain and Italy.

The Netherlands is the number one importer of vegetable seeds, and accounts for nearly 10.29% of the global imports. During 2016-2021, the Netherlands import value is expected to grow at an estimated CAGR of 0.50% and the import value of its vegetable seeds is expected to reach USD 385.5 million by 2021. The Netherlands vegetable seed market is a mature one, and the scope for expansion is less in this market as compared to other emerging markets.

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Major companies in the sector include:

Advanta

Limagrain

Monsanto

Nunhems (Bayer Crop Science)

Rijk Zwaan

Sakata

Syngenta

Monsanto has the largest share in the vegetable seeds market followed by Limagrain.

Recent Industry Insights

With the high success rates of GM varieties, the industry is adopting this technology to expand its market share. Developing nations such as Bangladesh have already released Bt Brinjal in the market and plan to release Late Blight resistant GMO Potato by the end of 2016. Mahyco, who first developed Bt brinjal through a public-private partnership in India, is transferring its technology free of cost to many institutes in India such as Tamil Nadu Agricultural University, Indian Institute of Vegetable Research, etc.

Key Deliverables in the Study

Market analysis for the global vegetable market, with region specific assessments and competition analysis.

Market overview and identification and analysis of the macro and micro factors that affect the global vegetable seed market and also instrumental in changing the market scenario, on both, global and regional scale.

Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.

The report holds importance for the following stakeholders-

Seed companies

Traders and stakeholders operating in the sector

Investors/research institutions interested in the market

Customization Options:

Supply chain analysis

Regulatory framework

Trade analysis

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Related Reports Hyperlinks:

http://www.mordorintelligence.com/industry-reports/forage-seed-market

http://www.mordorintelligence.com/industry-reports/seeds-industry

http://www.mordorintelligence.com/industry-reports/flaxseeds-market

http://www.mordorintelligence.com/industry-reports/chia-seeds-market

http://www.mordorintelligence.com/industry-reports/organic-seed-market

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