San Francisco, California (PRWEB) August 07, 2014
The Global market for commercial seeds (http://www.grandviewresearch.com/industry-analysis/commercial-seeds-market) is expected to reach USD 72.09 billion by 2020, according to a new study by Grand View Research, Inc. Growing population coupled with reduction in arable land is expected to boost the demand for GM/bioseeds which are superior to conventional seeds in terms of disease resistance and yield. However, in spite of the advantages offered by GM seeds, the market faces considerable restraint in the form of government regulations in certain countries against the use of GM seeds
Corn/maize was the largest consumed commercial seed, accounting for USD 20.07 billion of revenue in 2013. The growth in corn can be attributed to its increased use as livestock feed and in ethanol production. Soybean was the next largest commercial seed form accounting for revenue in excess of USD 8 billion in 2013. Soybean is a cheaper source of protein and is being increasingly used in the medical field. Other common commercial seeds include cotton, canola, cereals and rice.
Further Key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global Commercial Seeds market on the basis of product and region:
For more information visit - http://www.grandviewresearch.com/industry-analysis/commercial-seeds-market.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Corporate Sales Specialist, USA
Grand View Research, Inc