Market overview
A seed is a fertilized ovule of flowering plant that contains an embryo and is capable of germination for producing new plants. The seeds, here, are the ones that are sowed at the farmer’s level. It is used as a basic, central and essential input in the agriculture sector and in all farming systems.
The availability of quality seeds helps to grow a healthy crop that is necessary to sustain a strengthened agricultural economy. These quality seeds are suitable for various agro-climatic conditions in sufficient quantity and at affordable prices for raising the overall crop productivity. The high-quality seeds such as hybrid seeds offer a better yield, a significant uniformity, an enhanced colour and the energy for disease resistance for the resulting plants.
The global seeds market report mentions the key players in the market that are focusing on the research and development activities for launching new and innovative varieties of the seeds. Moreover, the market players are also working on making such products that are accessible and visible to the farmers all across the world via a strong and wide distribution network, with a global forecast for the period till 2023.
Market segmentation
The global seeds market has been developing for the past many years with the involvement of new scientific models and innovative products that have increased the demand and supply of seeds at an international level. The overall market is expanding at a faster pace based on the crop type, seeds treatment, type, and trait.
On the basis of type, the global seeds market can be segmented into:
- Non- GM seeds
- GM(Genetically Modified) seeds
Depending on the category of the seeds, the market can be split into:
- Conventional
- Organic
And based on the crop type, the global seeds market can be divided into:
- Fruits and vegetables
- Cereals and grain
- Oilseeds and pulses
- Others
And on the basis of the seed treatment, the global product market can be classified into:
- Non-treated
- Treated
Lastly, as per the report, the global seeds market has been segmented on the basis of trait, into:
- Insecticide-resistant
- Herbicide-tolerant
- Others
Regional analysis
Geographically, the global seeds industry has been expanding extensively into the regions of Europe (Germany, UK, France, Italy, Spain and the rest of Europe), North America (Canada, Mexico, US), Asia-Pacific (India, Japan, China, Australia, New Zealand), and the Rest of the World. According to the global report, Asia-Pacific is projected to register the largest revenue share in the global market, whereas North America will be growing at a higher CAGR during the forecast period, owing to the presence of several market players in the region and the increasing agricultural exports. Europe is also increasing its crop production in the agricultural industry.
Industry news
Bayer AG, a German Pharmaceutical company, has donated around three million malaria tablets to the US for the use against coronavirus pandemic. The Resochin drug that is made of chloroquine phosphate and an approved treatment for malaria, is being used for spreading the disease that is caused by the fast-spreading coronavirus.
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