The latest report by IMARC Group, titled “Seeds Market Report by Type (Genetically Modified Seeds, Conventional Seeds), Seed Type (Oilseeds, Cereals and Grains, Fruits and Vegetables, Burpee and Park, and Others), Traits (Herbicide-Tolerant (HT), Insecticide-Resistant (IR), and Other Stacked Traits), Availability (Commercial Seeds, Saved Seeds), Seed Treatment (Treated, Untreated), and Region 2024-2032”, offers a comprehensive analysis of the global seeds market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Seeds Market?
The global seeds market size reached USD 45.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 52.5 Billion by 2032, exhibiting a growth rate (CAGR) of 1.6% during 2024-2032.
Top Seeds Companies Worldwide :
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Seeds Market Trends:
The global market is primarily driven by the rising demand for high-quality crops to meet the growing global population. Technological advancements in seed breeding techniques, such as hybridization and molecular breeding, are improving crop resilience and productivity. Moreover, climate change and fluctuating weather conditions are prompting farmers to adopt seeds with better drought and pest resistance.
Furthermore, government initiatives supporting sustainable agriculture and crop diversity are encouraging the use of certified seeds. Additionally, the increasing awareness among farmers regarding the benefits of using improved seed varieties is fueling market growth. Besides, the expanding food processing industry and rising demand for biofuels are pushing the cultivation of specific crops, further driving the seed market. The growing trend towards organic farming and the production of non-GMO seeds is adding another layer of complexity and opportunity to the market.
Seeds Market Scope & Growth Analysis: