According
to a new market study published by Transparency Market Research, the
global
commercial seeds market will be valued at US$53.3 bn by 2018
increasing from US$34.5 bn in 2011. This will translate into a CAGR
of 9.90% from 2012 through 2018. The report is titled “Commercial
Seeds Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2012 - 2018” and it is available for purchase on the
company’s website.
Commercial
seeds are developed to cater to the food needs of the rising
population across the world. Today, farmers and public-sector plant
cultivators hold a small share of the commercial seed market
worldwide. This is because in a span of three decades, a handful of
multinational corporations have utilized intellectual property laws
to commoditize the world’s seed supply.
The
report cites many reasons for the development of the commercial seed
market over the past few years. The increasing global population,
rising demand for animal feed and oleochemicals, and increasing
utilization of biofuels are some of the vital reasons for the
market’s growth. The report also explains the various factors that
are hindering the growth of this market. This primarily includes
challenges from patent-related issues; large companies have acquired
patents on advanced plant breeding methods, which leaves others to
employ conventional methods. This also restricts other players from
utilizing specified genetic traits in plant breeding procedures. The
commercial seed market is highly consolidated with 75% of the total
market being taken over by the top ten players. Other than this,
increasing concerns about risks of genetically modified crops is also
hampering the growth of this market to a considerable extent, adds
the report.
The
report segments this market on the basis of commercial seeds, bio
seeds (GM seeds), and geography. By commercial seed type, in 2011,
maize crop dominated the market and held a 40% revenue share in the
global market. On the other hand, soybean and other vegetable seeds
collectively held a share of more than 30% in the overall market in
the same year. Maize crop is expected to register the fastest growth
until the end of the forecast period.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1317
On
the basis of GM seeds, the soybean segment displayed the highest
demand in 2011; the segment held a revenue share of more than 40% in
the overall market in the same year. However, the corn segment is
expected to display the fastest growth until the end of the forecast
period.
In
terms of geography, North America, Europe, Asia Pacific, and Rest of
the World are the regional segments of this market. In 2011, North
America stood as the largest market for commercial seeds with a share
of more than 30% in the global market. Asia Pacific and Europe stood
as the second-largest and third-largest markets, respectively, for
commercial seeds globally in the same year. In the coming years, the
Asia Pacific commercial seed market will display double-digit growth
due to the rising economic prosperity in the emerging nations of the
region.
Monsanto
Co., DuPont Pioneer, Bayer CropScience, Dow AgroSciences, Sakata Seed
Corp., AgReliant Genetics LLC, Syngenta Int. AG, Vilmorin & Cie
SA, KWS SAAT AG, and Takii & Co. Ltd. are some of the major
vendors of commercial seeds globally.
The
global commercial seed market is segmented into:
By
Products (Commercial Seeds)
- Maize (Corn)
- Soybean
- Vegetables
- Cereals
- Cotton
- Rice
- Canola
- Others (Sunflower, Sugarbeet)
By
Products (GM Seeds)
- Maize (Corn)
- Soybean
- Cotton
- Canola
By
Region
- North America
- Latin America
- Asia Pacific
- Rest of World (RoW)
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