Seeds: A Global Strategic Business Report
San Jose, CA (Vocus) October 27, 2010
The global seed market has undergone rapid transformation in recent years with the advent of biotechnology in agriculture. Genetically Modified (GM) seeds offer economic advantages to farmers, and are sold at a premium in relation to conventional seeds. Despite resistance from several sectors, this market has fiercely penetrated the agriculture sector. The global seed market is projected to grow driven by rising standards in global farming. Farmers in various countries are showing increased preference for certified seeds and innovative high-yielding varieties. Extensive use of biotechnology in seed development is resulting in new and high-end varieties, which is driving the global seed market in value terms. Genetically modified crops, first cultivated in 1996, has rapidly increased penetration in terms of total acreage grown over the past decade. Genetically modified seeds is expected to grow from the fringes of crop protection into newer potential applications, thus increasing the presence of biotechnology in the industry. The acreage under biotech crops increased to about 333 million in 2009, with about 14 million farmers spread across 25 countries having adopted biotech crops. Currently, the industry is witnessing new lines of genetically modified crops with improved pest protection and nutritional value being added by several producers.
The US represents the single largest market for seeds, as stated by the new market research report on Seeds. Demand for seeds in the United States is expected to maintain steady growth in the coming years, spurred by the development and launch of a wide range of high-end transgenic and hybrid seeds. The market is also likely to be shaped by a number of favorable factors, such as growing garden and lawn expenditures of consumers, a general shift towards narrow planting of rows, and expanding new uses of crops. Europe and Asia-Pacific are the other important seeds markets. Demand for seeds is forecast to be the fastest in Asia-Pacific, which is expected to increase at a compounded annual growth rate of more than 5.0% through 2015.
Segment wise, Grain Seeds represents the largest segment. Horticulture seeds constitute the second largest segment in the seeds market. However, demand is expected to mainly emanate from Vegetable Seeds, which represents the fastest growing segment during the analysis period. The vegetable seeds market is primarily a fragmented and complex sector within the seed industry. The homeowner segment of the vegetable seed market is directly related to personal preferences and values.
Major players profiled in the report include Bayer CropScience AG, Limagrain, Monsanto Company, Mycogen Seeds, Pioneer Hi-Bred International, Inc., Sakata Seed Corporation, Svalof Weibull AB, Syngenta Crop Protection, Golden Harvest Seeds Inc., among others.
The research report titled “Seeds: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Seeds market, current market trends, key growth drivers, use of biotechnology in agriculture, review of genetically modified (GM) seeds, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market players. The study analyzes market data and analytics in terms of value sales for the global seeds market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments analyzed include Grain Seeds, Vegetable Seeds, Oilseeds, Horticulture Seeds (Flower Seeds and Lawn/Grass Seeds), Fruit Seeds, and Miscellaneous Seeds. A seven-year (2000-2006) historic analysis is provided for additional perspective.
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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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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