San Jose, California (PRWEB) March 6, 2008
World Seeds market is projected to exhibit a CAGR of 4.27% over 2001-2010 and settle at about US$42.2 billion by 2010. Europe, win an estimated share of 32.57% in 2006, is the largest market for Seeds worldwide. In terms of growth, however, Asia-Pacific is forecast to surpass all other regions with a forecast CAGR of 4.85% over the 2001-2010 period.
Grain Seeds, with an estimated 2006 share of 35.70%, forms the largest product category in the global Seeds market. In terms of growth, however, Vegetable Seeds, with a CAGR forecast at 4.99%, are expected to outpace all other categories of Seeds.
The seed industry evolves more as an agricultural inputs industry by supporting the development, production and marketing of seeds worldwide. Several companies are offering plant breeding with increased yield potential, improved resistance to pests, diseases and herbicides, and improved quality. The industry primarily deals with two kinds of seeds: those for hybrid crops and those for varietal crops. Commercially, hybrid crops offer more return on investment in proportion to the area planted. However, it is estimated that only one-third of global seed consumption is actually traded, while the rest is either farm-saved seed or controlled and distributed by national governments.
Currently, the industry is witnessing new lines of genetically modified crops with improved pest protection and nutritional value being added by several producers. This could set the trend of commercialization of biotechnological innovations for increased agricultural output.
The seed market has undergone rapid transformation in the recent years with the advent of biotechnology in agriculture. Genetically Modified (GM) seeds offer economic advantages to the farmer and are sold at large premiums -- averaging around 40% -- to conventional seeds, besides additional technology fees. Despite resistance from several sectors, this market has fiercely penetrated the agricultural industry, especially in soybeans and cotton in the Americas.
Global seeds market is largely influenced by several factors, such as total crop surpluses or shortages, weather conditions and demand for specific disease and/or pest resistant traits. It usually takes seven to ten years to develop a new hybrid and a few additional years to produce enough seed for marketing. Generally, seeds account for 5-7% of the total production costs for vegetable cultivators. Growth in the seed industry mainly depends on the acreage of the land used for agriculture.
Major companies covered include Bayer CropScience AG, ConAgra Foods Agricultural Products Company, Delta and Pine Land, Emergent Genetics, Garst Seed Company, Goldsmith Seeds, KWS SAAT AG, Landec Ag, Inc., Limagrain, Monsanto, Mycogen, Pickseed Companies Group, Pioneer Hi-Bred, Research Seeds Inc., Sakata Seed Corporation, SAPEC, Scotts, Svalof Weibull AB, Syngenta Crop Protection.
For more details about this research report, please visit http://www.strategyr.com/Seeds_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com