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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Need for Food Security to Drive the Market Growth of Commercial Seeds
The growing adoption of commercial seeds like genetically modified seeds amid the increasing food demands from the expanding population, and the scarcity of natural resources like land and water are contributing to the commercial seeds market expansion. The utilisation of genetically modified seeds leads to improved soil productivity, enhanced natural weed and pest control, and disease resistance.
The use of commercial seeds to produce cereal fodders like maize, sorghum, pearl millet, and oats, among others, is significantly increasing. Moreover, commercial seeds are increasingly used to improve the productivity of pasture and grazing lands owing to the growing demand for energy-rich feeds for livestock.
The demand for biofuel crops for fuel production is increasing as a result of the rising environmental consciousness, thereby invigorating the market expansion. Additionally, the introduction of government initiatives to ensure that crops grown through genetic engineering are safe for people, animals, and the environment is providing impetus to the commercial seeds market development. Advancements in genetic engineering and the strong presence of market players are expected to augment the market over the forecast period.
Commercial Seeds Market Report Snapshots
Commercial Seeds Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.50% between 2024 and 2032.
The major market drivers include the importance of commercial seeds in biofuel and animal feedstock production, decreasing arable land, increased yields of crops, and adoption of conventional seeds due to lack of organic seeds.
The key market trends guiding the growth of the market include the rising concerns about food security, exceptional characteristics of commercial seeds, government initiatives, and advancements in genetic engineering.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market for commercial seeds is expected to grow robustly over the forecast period due to the growing food demands and the increasing research and development (R&D) activities by the leading companies to drive seed innovation.
The significant types of commercial seeds include genetically modified seeds and conventional seeds.
The different market divisions, based on crop-type, include cereals, oilseeds, and fruits and vegetables, among others.
The major players in the market are Bayer CropScience, Syngenta AG, Sakata Seed Corporation, KWS SAAT SE & Co. KGaA, Corteva Inc., and DLF Seeds A/S, among others.
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