Cereals and Grains Seed Market at a CAGR of 9.2%

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

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The global seed market for cereals and grains is projected to reach $61.76 billion by 2021 at a CAGR of 9.2% during 2016-2021 forecast period. Farmers count on the seed industry to provide seed that brings high yields and agronomic advantages that help reduce the cost of production. But today, the seed industry is undergoing significant evolution by responding to the new challenges of climate change and bio-energy production, while promoting the conservation and management of genetic diversity.

The international cereals and grains seed demand is witnessing continuous growth due to factors including the development of hybrid seeds, an increase in seed treatments, and the adoption of GE varieties. While increase in world population and subsequent food demand is the major driving force behind higher usage quality seeds, concern over genetically modified seeds and decreasing arable lands worldwide may impact the seed market growth. Growing demand in developing regions of Asia-Pacific and South America and continuous crop usage in animal feed and biofuel segments would create future growth opportunities for cereals and grains seeds consumption.

The global cereals and grains seed market is classified on the basis of type, trait and geography. The market trend for seed usage in grains and cereals is classified by major crop types including maize, wheat, rice, barley and others. Comprising of more than 35% of the cereals and grains market share, maize is the major crop seed traded globally. More than half of global maize production is concentrated in the United States and China.

World demand for maize seeds is forecast to increase to record highs at CAGR 9.4%, driven by a 3% gain in feed consumption. European Union and Brazil are also huge maize producing markets. Covering one-fifth of the market share, the global demand for rice seed would experience fastest growth of 9.6% during 2016-2021. Despite its migration to other regions, Asia remains the hub of rice production, with many countries in the region growing more than one crop per season. Major GM cereal crops identified here is corn; the growth prospect of GM maize is high.

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Accounting for one-third of the global demand, Asia-Pacific is the biggest market for cereals and grains seeds and is expected to remain at the top for the forecast period, which is closely followed by North America. Europe is the second largest market covering a share of more than 20% in the global cereals and grains seed market.

The continually growing population mainly in Asian countries of China and India drives the seed market. In addition, rising demand of biofuels is mounting pressure on agricultural lands to increase yield of crops such as corn, which is a key ingredient in producing ethanol. South America region would grow at comparatively higher pace with the positive growth prospects from countries like Brazil and Argentina.

Major industry players active in the cereals and grains seed market globally are- Monsanto Company, DuPont, Syngenta AG, Dow AgroSciences LLC, Land O’Lakes Inc., and Bayer CropScience. The market is fairly concentrated among five major players where in the companies follow merger and acquisitions strategy to expand the business and operations.

Key Deliverables in the Study

Market analysis for the Global Cereals and Grains Seed Market, with region specific assessments and competition analysis on global and regional scales

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Global Cereals and Grains Seed Market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to identify the regions that are still untapped

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