Published on : Mar 04, 2016
ALBANY, New York, March 04, 2016: ResearchMoz.us has recently announced the addition of a new market study, titled “Global Seed Market Report: 2016 Edition”, to its vast base of research reports. The study offers an in-depth analysis of the global market for seeds, considering its historical as well as current performance.
According to the study, the increasing need for food, stimulated by the rapid rise in the global population base, is the prime factor that is driving the worldwide market for seeds.
In this research report, the global market for seeds has been analyzed on two fronts: application and the regional spread of this market. Based on application, this market is segmented into the commercial seeds sectors and the non-commercial seeds sector. The commercial seeds sector has a bigger consumer base among the two in the global arena as they are used for the cultivation of intended crops or are utilized as industrial raw materials or the feed for animals.
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Traditional seeds and genetically modified (GM) seeds are the two major types of seed available for trading purposes across the world. Among these, GM seeds are enjoying the highest demand worldwide. This extensive demand for GM seeds is a result of the rising global population base, together with the depletion of arable lands, states the research study.
Other important market drivers listed in this report are the rising demand of biofuels and the increasing awareness regarding the health benefits offered by GM crops. The advancement of new technology and the development of new varieties of crops are also anticipated to propel the demand for GM seeds during the forecast period. Analysts, however, expect the high investment required for R&D activities to hamper the rise of this market in the coming years.
Regionally, the report divides the worldwide seed market into the U.S., Brazil, China, India, and Europe. The U.S has been leading this market over the last few years. The early adoption of technology is the main reason that has kept the U.S. ahead of other regional markets.
Europe has occupied the second position in the global seed market and is led by France and Germany. China and India are witnessing healthy growth owing to the increasing population as well the adoption of advanced technologies. Brazil is also emerging as a promising market for seeds in the global arena, states the market report.
As per the market study, Monsanto Co., Syngenta AG, E. I. Dupont De Nemours and Co., and Bayer CropScience AG are leading the global seed market. Other prominent market participants are Allis India Ltd., KWS Saat SE, Sakata Seed Corp., Land O'lakes Inc., DOW Agrosciences LLC, and Groupe Limagrain.
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