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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Seeds Market Regional Analysis
The Asia Pacific region holds the largest share of the overall seeds market value. This prominence is attributed to the region's extensive agricultural production and increasing seed replacement rate. The Asia Pacific region encompasses a wide range of climates and agricultural zones, from the temperate zones of China and Japan to the tropical environments in Southeast Asia. This diversity results in a wide variety of crops being cultivated, each requiring specific seed types.
There is a strong demand for both food and cash crops in the region. Rice, wheat, and maize are staple food crops with a high demand for seeds. Many governments in the region actively support the agricultural sector through subsidies, research and development initiatives, and policies promoting the use of improved seed varieties.
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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