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The global market was dominated by some major companies such as Monsanto (U.S.), DuPont (U.S.), Syngenta (Switzerland), and Bayer (Germany).
(PRWEB) February 04, 2015
The report on seed market forecasts the growth trends and revenues for the global market. It also provides analysis for the major drivers and challenges for the key industry players. The report segments the Oilseed industry on the basis of its basic components to give an insight into the overall trends in this market for the next few years to come.
Browse Seed Market revenue analysis through in-depth TOC, data tables and figures spread across 383 report pages.
http://www.marketsandmarkets.com/Market-Reports/seeds-market-376.html
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One of the popular sub-industries of the agricultural sector, the seed market has witnessed impressive transitions since the past few years. Advancing technologies and growing awareness around the world are expected to contribute to this multibillion dollar company. According to MarketsandMarkets, the global seed market is poised to witness growth at a steady CAGR. It expects the global market to grow at a CAGR of over 12% by 2018. At the estimated growth rate, the market is set to reach $85.2 billion by 2018.
The report segments global seed market on the basis of the types of seeds and their traits. Apart from that, it also analyzes the growth patterns for these types across different geographic regions. This analysis provides details about the market drivers and restraints.
According to the report, the global seed market is strongly driven by the demand for innovation from around the world. Increased research and development activities along with decreasing per capita farmland are some of the vital drivers for this market. Apart from that, the report estimates the crop losses and trends of increasing expenditure on farms to be some of the major forces for this market. Despite time consuming R&D processes, researchers are positive about steady growth for this market. The report also suggests that demand from developing countries and innovative biotech trait seeds will create potential opportunities of growth for the key market players.
As reported by MarketsandMarkets, grain seeds are expected to dominate the global market. In terms of geographic regions, North America is poised to lead the global market on the basis of market shares. The report also forecasts revenue trends and growth opportunities for the key industry players around the world. As explained in the report, emerging regions like Asia Pacific are also projected to witness impressive growth in the seed market. China is expected to dominate the Asian market with rising demand and government initiatives.
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