NEW YORK, Dec. 7, 2016 /PRNewswire/ -- "Seeds market
projected to grow at a CAGR of 9.9% from 2017 to 2022"
The seeds market is projected to reach USD
113.28 billion by 2022 at a CAGR of 9.9% from 2017. The
market is driven by factors such as necessity to increase food
production, increasing acceptance and area under cultivation of GM
crops, improvement in Seed Replacement Rate (SRR), and change in
science and technology advancements. Diminishing increase in growth
of biofuel production and expected maturity in population growth
rates and resultant impact on food demand are the restraining
factors for seeds product manufacturers and service providers.
"GM seeds accounted for the largest market share in
2016."
The GM seeds segment is projected to grow with the highest CAGR
from 2017 to 2022. The demand for GM seeds is increasing due to
their resistance to insects, pests, and diseases, and high yielding
property. These seeds are environment-friendly, as they do not
involve other chemicals. Due to its high yielding capability, these
seeds are grown substantially in less arable lands. Some of the
European countries, such as Germany, France, Scotland, Italy, Austria, Greece, Poland, and Belgium, have banned the use of GM crops.
"Insecticide resistant segment projected to lead the market by
2022."
Insecticide-resistance is a genetic decline in a pest inhabitant's
exposure to a pesticide, the inheritances are transferred from one
generation to other generation. Crops that have been genetically
engineered for Bacillus thuringiensis (Bt) resistance could
significantly lower production costs and grant farmers with new
insect control ways within the upcoming years. The success of
commercialization depends on several factors, including patent
issues, regulatory climate, and the capability of scientists to
deal with targeted insects.
"Asia-Pacific market projected
to grow at the highest CAGR between 2017 and 2022."
Being the world's largest as well as most populous continent, the
Asia-Pacific region is one of the
key markets for the seed coating industry. Some of the main reasons
for this extraordinary growth are continuous increase in the
population and the support from governments as well as national and
international associations to increase the agricultural production
of oil, grains, fruits, and vegetables to meet the need for food
products in the region. China,
India, Japan, and Australia are the key seed markets in this
region and are expected to grow rapidly in the near future.
The breakdown of primaries on the basis of company, designation,
and region, conducted during the research study is given
below.
By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
By Designation: Director Level – 22%, C Level – 28%, and Others –
50%
By Region: North America – 18%,
Europe – 25%, Asia-Pacific – 45%, and RoW – 12%
Key players are as follows:
- Bayer CropScience AG (Germany)
- E. I. Du Pont De Nemours and Company (U.S.)
- Monsanto Company (U.S.)
- Syngenta AG (Switzerland)
- The Dow Chemical Company (U.S.)
These companies collectively accounted for the largest portion of
the seeds market in 2016.
Other players with a strong presence in this market are as
follows:
- KWS SAAT SA (Germany)
- Groupe Limagrain (France)
- Sakata Seed Corporation (Japan)
- Rallis India Limited (India)
- Land O'Lakes, Inc. (U.S.)
Research Coverage
This research report categorizes the seeds market based on type,
crop type, seed treatment, trait, and region. Based on type, the
market has been segmented into conventional seeds and GM seeds.
Based on crop type, the market has been segmented into cereals
& grains, fruits & vegetables, oilseeds, and others. Based
on trait, the market has been segmented into herbicide-tolerant,
insecticide resistant, and other stacked seeds. In terms of seed
treatment, the market has been segmented into treated and
non-treated. Regional segmentation of the market includes
North America, Europe, Asia-Pacific, Latin
America, and RoW (Rest of the World).
Reasons to buy this report
From an insight perspective, this research report has focused on
various levels of analyses—industry analysis (industry trends), and
company profiles, which together comprise and discuss the basic
views on the competitive landscape—emerging and high-growth
segments of the global seeds market; high-growth regions; and
market drivers, restraints, and opportunities.
The report provides insights on the following:
- Market Penetration: Comprehensive information on seeds products
offered by top players in the global market
- Product Development/Innovation: Detailed insights on upcoming
seeds techniques, research & development activities, and new
product launches in the seeds market
- Market Development: Comprehensive information about lucrative
emerging markets
- Market Diversification: Exhaustive information about new
products, untapped regions, recent developments, and investments in
the global seeds market
- Competitive Assessment: In-depth assessment of market share,
strategies, products, and manufacturing capabilities of leading
players in the global seeds market
Read the full report:
http://www.reportlinker.com/p04436644-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/seed-market-by-crop-type-type-seed-trait-seed-treatment-and-region---global-forecast-to-2022-300375004.html
SOURCE Reportlinker