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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Seeds Market Size
The global seeds market reached almost USD 75.02 billion in the year 2023. The market is further expected to grow at a CAGR of 7% between 2023 and 2028 to reach a value of almost USD 112.64 billion by 2032.
Seeds perform several functions for the plant, such as dispersing to new locations, providing nourishment to the embryo, and dormancy in unfavourable weather conditions. Seeds are classified based on the number of cotyledons (seed leaves) in the embryo, with dicots having two and monocots one. Seeds have a wide range of applications across various fields. They are the primary means of propagation for many plants, including crops. Their selection and breeding are crucial for improving crop yields and qualities.
Many seeds, such as grains, legumes, and nuts, are vital food sources rich in proteins, fats, and carbohydrates. Seeds like sunflower, rapeseed, and flaxseed are used to extract oils for cooking and industrial purposes. Some of them also have medicinal properties and are used in traditional and modern medicine. The global seeds market growth is being driven by the growing food demands of the rising population and the increased demand for oilseeds due to their diverse applications.
Seeds Market Report Snapshots
Seeds Market Regional Analysis
*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
In 2023, the global seeds market attained a value of nearly USD 75.02 billion.
In the forecast period of 2024-2032, the seeds market is projected to grow at a CAGR of 7.00%.
By 2028, the seeds market is estimated to reach a value of about USD 112.64 billion.
The major drivers of the market are rising disposable incomes, increasing population, rapid urbanisation, and growing demand from food and non-food sectors in developing countries.
The growing shift towards biofuels globally and the rising adoption of genetically modified (GM) seeds are major trends expected to drive the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading crop type in the global seeds market are oilseeds.
The most significant seed type in the market are conventional seeds.
Herbicide-tolerant is the leading genetically modified seed trait of the product in the market.
Treated seeds hold the largest market share based on seed treatment.
On the basis of availability, the market is divided into commercial and saved seeds.
The leading players in the seeds market are Bayer AG, Syngenta Group Co.,Ltd., Groupe Limagrain Holding, Corteva, Inc., Sakata Seeds Corporation, and Rallis India Limited, among others.
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