The ‘Global Vegetable Seed Market Analysis, Share, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global vegetable seed market, assessing the market on the basis of its segments like type, crop type, traits, cultivation method, and major regions.
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The key highlights of the report include:
Market Overview 2018-2028
• Forecast CAGR (2023-2028): 4.2%
The global vegetable seed market is expected to register growth in the span of the forecast period on account of the surging awareness among farmers regarding the benefits of utilising quality seeds. With the growing demand for quality vegetable seeds, farmers are more open to pay a higher price for quality or certified seeds. Due to the shrinking arable land, there is an increasing requirement to attain better returns from available lands, opening up the market for hybrid and HYVs varieties of vegetable seeds.
Rapid advancements in seed technology and planting techniques are likely to boost the vegetable seed market growth. For example, biopriming is an innovative technique of seed improvement that integrates biological and physiological aspects to encourage plant development, growth, and suppression of diseases.
Rapid urbanisation as well as population growth are increasing the demand for vegetables across the globe, resulting in a higher demand for plantation and farming of vegetables. New methods of farming, prevalence of genetically modified seeds, and increasing hybridisation rates are enhancing the market growth for vegetable seeds.
Vegetable Seed Industry Definition and Major Segments
Vegetable seeds are seeds that are used to grow vegetables of various types for food consumption. Such vegetables may be grown in gardens or on large-scale farms depending upon the specific vegetable, would require different growing conditions.
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Based on type, the market is segmented into:
• Open Pollinated Varieties
By crop type, the market is classified into:
• Root and Bulb
By traits, the market is categorised into:
• Genetically Modified
Based on the cultivation method, the market is segmented into:
• Open Field
On the basis of region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Vegetable Seed Market Trends
Geographically, the Asia Pacific region is anticipated to gain momentum over the coming years in the vegetable seed market growth on account of the growing agriculture industry along with the increasing population in the region.
The surging awareness among consumers about the health advantages of vegetables like lower blood pressure, improved digestive health, lower risk of heart disease, diabetes control, and nutrition is likely to positively influence the market demand among consumers. The vast areas under horticulture crops along with the increase in vegetable consumption and production, especially in countries like India and China, are expected to propel the market growth of vegetable seeds in Asia Pacific.
Meanwhile, the North American region is expected to witness growth in the vegetable seed market share over the forecast period. This is owing to the rising demand for vegetables in countries like Canada and the United States.
Across North America, rising disposable incomes along with changing demographics of the population in the region and the growing vegan trend among consumers are likely to enhance the market growth of vegetable seeds. Moreover, urban agriculture coupled with the international trade of vegetables is likely to boost the market demand for vegetable seeds across the region over the upcoming years.
Key Market Players
The major players in the vegetable seed market are
• Vilmorin & Cie
• Bayer AG
• BASF SE
• Syngenta AG
• Rijk Zwaan Zaadteelt en Zaadhandel BV
• TAKII & CO.,LTD
• Sakata Seed America
• Enza Zaden Beheer B.V.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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