Seed Market Size to grow by USD 13.7 million between 2024-2028
According to a research report “ Seed Market” by Product Type (Conventional, Genetically modified) Crop Type (Cereals and grains, Fruits and vegetables, Oilseeds and pulses, Others) Type (Herbicide-tolerance (HT), Insect-resistance (IR), Others) Geography (Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 13.7 million, at a CAGR of 4.35% during the forecast period. The burgeoning trend of urban farming in Ghana is projected to significantly increase the requirement for vegetable and fruit seeds in the upcoming years. Urban agriculture, which makes use of unused community areas such as backyards, rooftops, balconies, parking lots, and roadside spaces for crop cultivation, is gaining popularity. The Ghana Peri-urban Vegetables Value Chain Project (GPVVCP) is a prime example of this growing movement, raising public consciousness about urban farming. With its potential to enhance household food security, urban agriculture has gained prominence, particularly over the last few years. The produce from urban agriculture is primarily consumed by the farmers or sold in urban markets.
Browse market data tables, figures, and in-depth TOC on “Seed Market” by Product Type (Conventional, Genetically modified) Crop Type (Cereals and grains, Fruits and vegetables, Oilseeds and pulses, Others) Type (Herbicide-tolerance (HT), Insect-resistance (IR), Others) Geography (Africa) Global Forecast to 2028. Download Free Sample
By Product Type, the Conventional segment is projected to dominate the market size in 2024
As a seasoned virtual assistant, I am pleased to provide insights into Seed Market's business operations. Seed Market is a dynamic and innovative company specializing in the agricultural sector, focusing on the production and distribution of high-quality seeds. Our offerings cater to a diverse range of crops, ensuring farmers have access to the most suitable options for their specific regions and farming practices. By leveraging advanced technology and industry expertise, we deliver superior seed varieties, enhancing agricultural productivity and profitability for our valued clients.
By Crop Type, Cereals and grains segment is expected to hold the largest market size for the year 2024
In the agribusiness sector, Seed Market signifies a significant and dynamic segment. Seed companies operate at various levels, from research and development of new seed varieties to production, distribution, and sales. The market is characterized by intense competition, driven by consumer demand for high-yielding, disease-resistant, and environmentally sustainable seeds. Strategic partnerships, mergers and acquisitions, and technological innovations are key growth strategies in this industry.
Africa is forecasted to hold the largest market size by region in 2024
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The Seed Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Title: Seed Market in Ghana: Unraveling the Complexities of Ghana's Agricultural Production and the Seed Industry Ghana's seed sector plays a pivotal role in the country's agricultural production, with industry influencers shaping its market facets. The sector encompasses various aspects, including farm subsidies, government support, urban farming activities, and the adoption of improved seed varieties. Publishers like Agrihouse Foundation provide valuable insights into the sector, shedding light on cash flows, dietary preferences, and area under cultivation. Multinational corporations and conventional seed sources offer high-yielding packaged seeds, while farmers rely on these sources for their arable land, which is under constant pressure due to population expansion and land degradation rates. Urban farming activities have gained momentum, with vegetables becoming a popular choice for urban farmers. The government's support for farmers, through subsidies and other initiatives, is crucial in ensuring the sector's growth. However, the adoption rate of improved seed varieties remains low, posing a challenge for the industry. In conclusion, the seed industry in Ghana is a complex ecosystem, influenced by various factors, including market dynamics, government policies, and farmers' needs. Understanding these intricacies is essential for stakeholders to make informed decisions and contribute to the sector's sustainable growth.
Market Research Overview
Title: Seed Market in Ghana: High Performance Seeds and Innovation Driving Agricultural Production The seed market in Ghana is a vital component of the country's agricultural sector, with a significant focus on high performance seeds to boost production of staple foods like cereals and grains. Research institutions and leading seed companies are at the forefront of innovation, employing advanced seed technologies such as genetic engineering techniques and biotechnology to develop seeds with improved traits like insect resistance, drought tolerance, and nutrient utilization efficiency. The market for cereals and grains, including corn, rice, and wheat, as well as oilseed crops like groundnut, soybean, safflower, sunflower, and mustard, is growing. In Ghana, the seed industry is dominated by established seed producers, with prominent players offering commercial seeds. However, challenges such as contamination, regulatory violations, and fraudulent labeling persist, particularly with the sale of spurious hybrid seeds and counterfeit labels. Farmers, especially low-income ones, are crucial consumers of seeds. Seed sacks and conventional seeds are common sources, but the adoption rate of improved seed varieties is increasing. Factors influencing seed selection include phenotypic plasticity, environmental influences, and accuracy in phenotypic selection. Molecular markers and molecular breeding are also used to tag desired genes and create progenies with the desired traits. The global seeds market is expanding, driven by the need for food security, plant health, and productivity. The feed industry, urban farming activities, and sustainable agriculture practices are also contributing to the growth of the market. Consumers, human health, and the environment are key considerations, with a focus on enhanced nutritional value, improved yields, and disease resistance. Market facets include farm subsidies, government support, urban farming activities, and the role of multinational corporations in the seed industry. The area under cultivation, population expansion, and land degradation rate are critical factors influencing the seed market. Cash flows, dietary preferences, and vegetable production are also essential aspects of the market. In conclusion, the seed market in Ghana is a dynamic and complex system, shaped by various factors, including research and development, agricultural production, consumer preferences, and regulatory frameworks. Understanding these market facets is crucial for stakeholders to make informed decisions and contribute to sustainable agricultural practices and food security. Publisher: Agrihouse Foundation Keywords: Ghana agricultural production, high performance seeds, innovation, research institutions, leading seed companies, advanced seed technologies, staple food, grain consumption, cereals and grains, genetics engineering techniques, biotechnology, research and development, food security, plant health, nutrient utilization efficiency, crop yields, conventional seeds, genetically modified seeds, established seed producers, prominent players, commercial seeds, spurious hybrid seeds, supply chain, hybrid seeds, contamination, low income farmers, seed sacks, counterfeit labels, regulatory violations, intellectual property violations, fraudulent labeling, falsified seeds, illegal seed practices, gene selection process, phenotypic plasticity, environmental influences, accuracy, phenotypic selection, molecular markers, molecular breeding, progenies, desired genes, gene tagged markers, irrigation systems, stagnant water, continuous rain, drought, frost, rainfall, optimum temperature, groundnut seeds, oilseed crops, cereal crops, irrigated areas, climatic conditions, insect resistance, drought tolerance, feed industry, global seeds market, safflower, sunflower, soybean, mustard, rapeseed, groundnut, corn, rice, developing countries, crops, oilseeds, protein sources, oilseed market growth, vegetable protein meals, soybean meal, feed manufacturers, protein content, oilseed meal, animal feed industry, refining oilseeds, co-products, sustainable agriculture practices, consumers, human health, environment, genetic engineering, technological advancements, enhanced nutritional value, improved yields, disease resistance, high quality seeds, productivity, crop yield, food, wheat, public research institutions, Market facets, Publisher, Farm subsidies, Government support, Urban farming activities, Agrihouse Foundation, Cash flows, Dietary preferences, Vegetables, Area under cultivation, Multinational corporations, Packaged seeds, Conventional seed sources, High yielding, Seed industry, Arable land, Per capita land, Land degradation rate, Population expansion, Farmers, Adoption rate, Improved seed varieties.
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