The Seeds Market is being driven by Rising demand for biofuels
The Seeds Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 27187.6 million. The global seeds market is experiencing significant growth due to the increasing demand for high-quality seeds with advanced traits in response to the rising population and the need for enhanced agricultural productivity. Key trends driving market expansion include the adoption of seeds with herbicide and disease resistance, abiotic stress tolerance, modified quality pollination control systems, and insecticide resistance. In 2024, herbicide-resistant and insecticide-resistant seeds held the largest market share. The cultivation of hybrid soybean and corn seeds, which are highly resistant to pests and herbicides, is also contributing to market growth. Companies are investing in research and development to produce seeds with specific traits that maximize yield and minimize crop losses.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
215 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.6% |
Market growth 2025-2029 |
USD 27187.6 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
China, US, India, Brazil, Germany, France, Canada, Argentina, Italy, and Spain |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The seeds market encompasses various types of seeds used for cultivating crops, with a focus on enhancing crop yield and nutritional value. This is achieved through advanced plant technologies such as genetic engineering, refining oilseeds, and breeding open-pollinated varieties and non-transgenic hybrid seeds. The animal feed industry also benefits from oilseed meal. New plant technologies include exploring embryonic plant structures and reproductive structures in flowering plants to increase genetic diversity among plant species. Organic products and non-GMO seeds are also gaining popularity.
The Seeds Market encompasses entities engaged in the production and distribution of improved seed varieties, catering to agriculture and food processing industries. Technavio's Seeds Market analysis estimates the market size based on the consolidated revenue generated by these entities. This market scope excludes seed equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the Seeds Market include the production of high-quality seeds, which leads to enhanced nutritional value in crops, improved yields, and increased resistance to climatic conditions and pests through genetic engineering. Additionally, the refining of oilseeds and production of high-protein content oilseed meals, such as soybean meal and vegetable protein meals, significantly benefits feed manufacturers. Drought tolerance and insect resistance are also essential factors contributing to the market's growth. In the context of the global Packaged Foods and Meats Market, the consumption of minimally processed foods, including seeds and their derived products, offers numerous health benefits, such as increased intake of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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