DUBLIN, September 18, 2017 /PRNewswire/ --
The "Global Commercial Seed Market - Growth, Trends and Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
The global commercial seed market is projected to reach $73.6 billion by 2021, thereby witnessing a growth of CAGR 9.9%. Commercial seeds are referred to the seeds sown for production of crops, use for animal feed or other in other industries as raw materials.
The increasing global population is escalating the demand for food and thereby increased use of seeds. The global commercial seed sector is intended to grow at a faster pace due to its higher performance in terms of higher yield and output in the time of shrinking arable land globally. In addition, rising demand of bio-fuels is exerting pressure on agriculture to increase production of crops such as Corn, which is a key ingredient in ethanol production. While the demand for commercial seeds will continue growth due to high demand in developing regions and technological advancements, the regulatory and safety concern over GM crops and high R&D cost may hinder the market growth.
The global commercial seed market is classified on the basis of type and geography. The market is broadly classified into conventional crops and biotechnology/GM crops which are then further segmented into various crop types. Conventional crop seeds like cereal, grains and oilseeds accounts for 52% of the market share while the market growth would be higher in case of GM crops at CAGR 10.2%. Major GM crops identified here are soyabean, corn, cotton and canola. Soyabean is the largest cultivated GM crop while the growth prospect of GM maize is high.
- Dow AgroSciences
- Bayer Cropscience AG
- Land Olakes, Inc
- KWS SAAT AG
- Vilmorin & Cie SA
- Sakata Seed Corporation
- Groupelimagrain Holding
- Takii (Japan)
Key Topics Covered:
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/p6vd23/global_commercial
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SOURCE Research and Markets