Global Commercial Seeds Market Growth Rate 2024, Forecast To 2033
16 Feb, 2024
The commercial seeds market has demonstrated strong growth, progressing from $75.24 billion in 2023 to $82.05 billion in 2024, showcasing a compound annual growth rate (CAGR) of 9.1%. Historical drivers include population growth, environmental factors, and the regulatory landscape. The market is poised to see strong growth, reaching $114.66 billion in 2028, with a CAGR of 8.7%. The forecasted expansion is attributed to global food security, climate change adaptation, sustainable agriculture, emerging markets, and increasing consumer awareness. Major trends in the forecast period include technological innovation, biotechnology and genetic innovation, organic and non-GMO demand, climate-resilient seeds, digital farming and data analytics, small-scale and local farming, and global expansion.
Global Commercial Seeds Market Key Driver
The growing demand for biofuels is expected to propel the growth of the commercial seed market. Biofuels, considered environmentally beneficial alternatives to fossil fuels, require commercial seeds for the production of agricultural products used in biofuel processing. The data from the U.S. Energy Information Administration (EIA) forecasts an increase in biofuel output, driving the demand for commercial seeds. The escalating demand for biodiesel fuels is a key factor driving the growth of the commercial seed market.
Get A Free Sample Of The Global Commercial Seeds Market ReportGlobal Commercial Seeds Market Segments
The commercial seeds market covered in this report is segmented –
1) By Products: Maize (Corn), Soybean, Vegetable, Cereals, Cotton, Rice, Canola (Rapeseed), Others Products
2) By Seed Type: Organic, Inorganic, Genetically Modified
3) By Trait: Herbicide-Tolerance, Insect Tolerance, Other Traits
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the commercial seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Commercial Seeds Industry Players
Syngenta International AG; Bayer AG; Corteva Inc.; Vilmorin & Cie SA; Land O'Lakes Inc.; Sakata Seed Corporation; Rijk Zwaan Zaadteelt en Zaadhandel B. V.; Hyland Seeds Inc.; MTI Distributing Inc.; Triumph Seed Co.; Northeast Seed Corporation.; Limagrain Cereal Seeds LLC; KWS SAAT SE; DLF Seeds A/S; Takii & Co. Ltd.; Monsanto Company; E. I. du Pont de Nemours and Company; Dow AgroSciences LLC; BASF SE; Bejo Zaden B. V.; Groupe Roullier; East-West Seed International Limited; HM. CLAUSE Inc.; Barenbrug Holding B. V.; Advanta Seeds US Inc.; Known-You Seed Co. Ltd.; Tozer Seeds Ltd.; Enza Zaden Beheer B. V.; Seed Co Limited; E. W. Gaze Seeds Co. Ltd.; Johnny's Selected Seeds Inc.; Harris Moran Seed Company Inc.; Seedway LLC
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Commercial Seeds Market Overview
A commercial seed refers to a seed that is marketed for uses other than seed production may be Registered Seed, Certified Seed, Non-certified Seed, or Seed generated directly from Foundation Seed. Basically, commercial seeds relate to any type of seed purchased and utilized by farmers to grow their crops.
Commercial Seeds Global Market Report 2023 provides data on the global commercial seeds market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial seeds market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.