The global commercial seeds market size reached US$ 73.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 129.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2023-2032.
Commercial seeds are used to reduce soil erosion on cropland; improve the productivity of pasture and grazing lands; and protect, create and restore wetlands. They are widely utilized as animal feed to enhance the volume and quality of crops and hay production, grazing, and cover cropping. Besides this, they find application as a raw material in the production of biodiesel fuels. Presently, the escalating demand for biodiesel fuels due to increasing environmental concerns and stringent fuel emission standards implemented by governing agencies of numerous countries is offering lucrative market opportunities.
Additionally, the emerging global energy demand, the escalating need for clean and renewable fuel sources, and the thriving automotive industry are some of the factors catalyzing the demand for biofuel. This, in turn, is bolstering the growth of the market. Furthermore, several leading companies are investing in research and development (R&D) facilities to improve yield, performance, and disease and pest resistance of commercial seeds.
2. What is the expected growth rate of the global commercial seeds market during 2024-2032?
3. What are the key factors driving the global commercial seeds market?
4. What has been the impact of COVID-19 on the global commercial seeds market?
5. What is the breakup of the global commercial seeds market based on the conventional seeds?
6. What is the breakup of the global commercial seeds market based on the genetically modified seeds?
7. What are the key regions in the global commercial seeds market?
8. Who are the key players/companies in the global commercial seeds market?
Commercial seeds are used to reduce soil erosion on cropland; improve the productivity of pasture and grazing lands; and protect, create and restore wetlands. They are widely utilized as animal feed to enhance the volume and quality of crops and hay production, grazing, and cover cropping. Besides this, they find application as a raw material in the production of biodiesel fuels. Presently, the escalating demand for biodiesel fuels due to increasing environmental concerns and stringent fuel emission standards implemented by governing agencies of numerous countries is offering lucrative market opportunities.
Commercial Seeds Market Trends:
The growing global population and consequently declining arable land are increasing food insecurity concerns worldwide. This represents one of the key factors positively influencing the demand for commercial seeds to maximize crop yield. Moreover, governing agencies of numerous countries are supporting the adoption of sustainable farming practices through various incentives, which, in turn, is escalating the demand for organic, non-genetically modified organisms (GMO) commercial seeds. Apart from this, several manufacturers are offering hybrid seeds that have great vigor, uniformity, and yield potential.Additionally, the emerging global energy demand, the escalating need for clean and renewable fuel sources, and the thriving automotive industry are some of the factors catalyzing the demand for biofuel. This, in turn, is bolstering the growth of the market. Furthermore, several leading companies are investing in research and development (R&D) facilities to improve yield, performance, and disease and pest resistance of commercial seeds.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global commercial seeds market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on conventional seeds and genetically modified seeds.Breakup by Conventional Seeds:
- Maize
- Soybean
- Vegetable
- Cereals
- Cotton
- Rice
- Canola
- Others
Breakup by Genetically Modified Seeds:
- Soybean
- Maize
- Cotton
- Canola
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bayer AG, Corteva Inc., DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes Inc., Rijk Zwaan Zaadteelt en Zaadhandel B.V., Sakata Seed South Africa, Syngenta Group (ChemChina), Takii & Co. Ltd. and Vilmorin & Cie (Groupe Limagrain).Key Questions Answered in This Report
1. How big is the global commercial seeds market?2. What is the expected growth rate of the global commercial seeds market during 2024-2032?
3. What are the key factors driving the global commercial seeds market?
4. What has been the impact of COVID-19 on the global commercial seeds market?
5. What is the breakup of the global commercial seeds market based on the conventional seeds?
6. What is the breakup of the global commercial seeds market based on the genetically modified seeds?
7. What are the key regions in the global commercial seeds market?
8. Who are the key players/companies in the global commercial seeds market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Seeds Market
6 Market Breakup by Conventional Seeds
7 Market Breakup by Genetically Modified Seeds
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bayer AG
- Corteva Inc.
- DLF Seeds A/S
- KWS SAAT SE & Co. KGaA
- Land O'Lakes Inc.
- Rijk Zwaan Zaadteelt en Zaadhandel B.V.
- Sakata Seed South Africa
- Syngenta Group (ChemChina)
- Takii & Co. Ltd.
- Vilmorin & Cie (Groupe Limagrain)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 73.5 Billion |
| Forecasted Market Value ( USD | $ 129.6 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
