Transparency
Market Research (TMR) finds that the global commercial seeds market
is monopolistic in nature as leading companies sell numerous products
that are significantly differentiated from each other. The market is
highly consolidated as the top four companies – Monsanto, DuPont,
Syngenta, and Vilmorin - accounted for a share of approximately 58.0%
in 2011 in the global commercial seeds market.
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To
enhance their production, many leading manufacturers are entering
into exclusive agreements with farmers in order to buy and supply
seeds. As a result of this, the competition among the players is
expected to intensify over the next couple of years. A few of the
other companies operating in the global commercial seeds market are
Takii, Sakata, Agreliant, KWS, and Bayer AgroScience. The global
commercial seeds market is expected to witness promising growth over
the forecast period. The global market for commercial seeds stood at
US$43.81 bn in 2015 and is projected to rise to a valuation of
US$53.32 bn by the end of 2018.
Maize
to Dominate Conventional Seeds Market; Soybean to Emerge Leading
Genetically Modified (GMO) Crop
The
global commercial seeds market has been broadly bifurcated into
conventional and bioseeds or genetically modified seeds. Both the
segments have been analyzed on the basis of product and region. Among
the various products in the conventional seeds segment, maize emerged
dominant in 2012 and is likely to retain a strong hold over the
market until 2018. It is expected to account for a share of 45.5% in
2018, closely trailed by soybean with a share of 16.3% in the same
year. The high consumption of maize can be attributed to its unique
ability to grow in extreme and diverse conditions and a wide
application range. Similarly, in the genetically modified seeds
segment, soybean is expected to emerge dominant with a share of 41.3%
in 2018.
Region-wise,
both in the conventional and genetically modified seeds segments,
North America dominated the market. It is expected to maintain a
leading position until 2018 and is expected to hold a share of 29.6%
and 30.9% in the respective segments in 2018. The growth of the
markets for conventional and genetically modified commercial crops in
North America can be attributed to the ongoing technological
developments to produce high yield crops, the standardization in
global farming, and the extensive use of biotechnology in farming.
Growing
use of Biofuels to Enhance Production of Genetically Modified
Commercial Crops
One
of the key ingredients used in the production of ethanol is corn. Wet
and dry milling are the forms in which corn ethanol is available.
Owing to their ecological benefits and efficiency, yellow corn has
been gaining prominence as an additive used in the production of
biofuels. For instance, corn has been continuously used as a
feedstock for biogas plants in Germany in the post-industrialization
era. Likewise, in several parts of Europe such as France and Germany,
ethanol is a component added to regular fuel. It does not affect the
output of the automobile and works as efficiently as any regular
fuel. The growth in the production of genetically modified commercial
seeds is also due to the high economic value of these seeds in
comparison to conventional seeds as they have a high yield value and
resistance power against diseases and pests
“In
spite of all the positive outlook of the market, it is expected that
factors such as patent issues that on one hand favor the innovator
and on the other hand create entry barriers are anticipated to hinder
the growth of the market. Concerns related to the safety of
genetically modified crops can also challenge the growth of the
global
commercial seeds market,” says a TMR analyst.
This
review is based on a Transparency Market Research report titled,
“Commercial (Conventional and Biotech/GM) Seeds Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast,
2012-2018.”
Commercial
Seeds: Product Segment Analysis,
- Maize (Corn)
- Soybean
- Vegetables
- Cereals
- Cotton
- Rice
- Canola
- Others (Sunflower, Sugarbeet)
Bioseeds
(GM Seeds): Product Segment Analysis,
- Maize (Corn)
- Soybean
- Cotton
- Canola
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