Exponential increase in food demand and decreasing availability of arable land facilitating global seed market

Date: 1 February 2020

According to a research report published by Azoth Analytics in January 2020, the Global Seed Market was valued at USD 61.5 billion in the year 2019. The Global Seed Market has been witnessing unprecedented growth in the last few years on the back of release of new varieties and hybrids that bring more sophisticated technology to farmers as well as a steady increase of international seed trade and exponential increase in food demand from the expanding global population amid decreasing availability of arable land. 

Global Seed market will be majorly driven by significant shift in farming practices worldwide. Nowadays, an increasing number of farmers buy commercially produced enhanced seed varieties as opposed to using seeds from the last harvest. This has been a result of the various advantages offered by enhanced varieties of seeds such as high yield, improved nutritional quality, reduced crop damage and disease resistance.

The Azoth Analytics research report titled Global Seed Market (2020Edition) - Market Insight, Competition and Forecast (2019 – 2024)  has analysed and segmented the Seeds Market by Value (USD Million). The report has analysed the Seed Market by Traits (Herbicides Tolerant Traits, Insect Resistant Traits, Stacked Traits) Seeds Type (Conventional Seeds, Genetically Modified Seeds), Crop Type (Corn, Soybean, Cotton, Others). The Global Seeds Market has been analysed By Region (North America, Europe, Asia Pacific, and Rest of World) and By Country (United States, Canada, Germany, France, Italy, Spain, China, Japan, India, and South Korea) for the forecast period of 2019-2024.

 

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