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2023
Commercial Seeds Market

Commercial Seeds Market

by Crop Type (Cereals, Oilseeds, Fruits and Vegetables, Others), by Product Type (Genetically Modified Seeds, Conventional Seeds) : Global Opportunity Analysis and Industry Forecast, 2022-2032

Report Code: A43616
Pages: NA
Apr 2023 | 46 Views
Author(s) : Roshan D
Tables: NA
Charts: NA
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Commercial seed is commonly cultivated to produce crops that serve as industrial raw materials or animal feed. A study was conducted to screen various botanical extracts for antioxidant properties using the DPPH free radical technique. Germination of viable seed is dependent on the presence of living embryonic tissue. Spermatophytes, which are plants that generate seed, are crucial for the reproduction of both angiosperms and gymnosperms.
The commercial seed market is experiencing a substantial surge in demand, primarily driven by the expanding range of crops, including traditional and newer crops, which offer significant economic and nutritional benefits. Technological advancements in agriculture and seed development are further contributing to the increased demand, especially in developing regions seeking to improve crop yields and meet the needs of their growing populations. Furthermore, the rising demand for biofuels is also driving market growth, with commercial seeds playing a vital role in the production of agricultural products used in biofuel processing. In addition, the ability of commercial seeds to maximize crop yield whilst decreasing arable land is a significant factor driving market growth. With the global population expected to reach 10 billion by 2050, the need for food is anticipated to grow, further fueling the demand for commercial seeds.
However, the industry is facing challenges, including rising costs associated with R&D and safety and regulatory concerns. These limitations may hinder the growth of the commercial seeds market in the forecasted period. Furthermore, the industry is also facing the problem of counterfeit seeds and fraudulent labelling, which could impact consumer trust and damage the reputation of the industry. This issue is particularly prevalent in developing countries, where low-income farmers are unable to afford large quantities of seeds and may turn to purchase smaller volumes of seeds from questionable sources. This creates an opportunity for adulteration, leading to the spread of fake hybrid seeds and other counterfeit products. As a result, the industry must address this challenge to maintain consumer confidence and protect its economic interests. The limitations of gymnosperms in comparison to angiosperms are also hampering the growth of this market. Gymnosperm seeds lack proper safeguarding, have a longer fertilization and development period due to their inability to generate fruits or flowers, and their xylem cannot achieve the high conductivities of the most effective angiosperm woods. Moreover, gymnosperms do not achieve the same high water application and gas exchange rates as certain angiosperms, which further limits their potential impact on the commercial seeds market. It is therefore essential for the industry to address these limitations and find ways to improve the efficiency and productivity of gymnosperms to ensure sustained growth of the market.
Strategic collaborations between commercial seed companies are expected to have a significant impact on the market's growth trajectory in the near future. These partnerships aim to increase market penetration in rapidly growing regions or countries within the sector. In addition, the critical role played by spermatophytes, such as angiosperms, is expected to further fuel the growth of the commercial seed industry in the upcoming years. Angiosperms, which produce flowers and fruits, have a more extensive range of seeds, making them a more commercially viable option than gymnosperms. Furthermore, they possess high water application and gas exchange rates, making them ideal for large-scale cultivation. The growth of angiosperms in this market is projected to drive the development of high-yielding and genetically modified seed varieties. These seeds can resist pests and diseases, tolerate adverse weather conditions, and generate higher yields. As a result, the contribution of spermatophytes is expected to create significant growth opportunities for this market in the coming years.
Key developments and new launches in the commercial seeds market.
In June 2022, the launch of a new variety of tropicalized lettuce, known as Arunas RZ, is projected to increase the market share of the company. This innovative product is expected to offer a competitive advantage and drive revenue growth in the commercial seeds market.
In May 2022, Syngenta Canada introduced a novel seed pelleting technology named Pelta for canola, designed to enhance seed size and uniformity. This technology is expected to improve planter performance and enable more efficient singulation, ultimately benefiting the canola industry.
In November 2021, In an all-cash transaction valued at around $5.2 billion, DuPont acquired Rogers Corporation.
In July 2021, DuPont announced the completion of its acquisition of Laird Performance Materials, which will now be integrated into DuPont Electronics & Industrial's Interconnect Solutions business. The acquisition is expected to provide synergies and expand the company's portfolio of solutions for electronic and industrial applications.
in July 2021, Solvay and Bayer announced the completion of Solvay's acquisition of Bayer's global coatings business. The acquisition included facilities in Méréville, France, and tolling processes in the U.S. and Brazil. The transfer of the Méréville facility's complete product portfolio to Solvay has been accomplished.
Segment overview:
By crop type: The commercial seeds market is segmented into cereals, oilseeds, fruit & vegetables, and others. The cereals segment is typically considered the largest and most significant segment in terms of market size and overall contribution to the agriculture industry. This is due to the widespread cultivation of cereals, their importance as staple foods, and their extensive use as animal feed. The oilseeds segment also plays a crucial role in the market, with soybeans being one of the most widely grown crops globally due to their versatile use in various food products and industrial applications. Fruits and vegetables are also an essential segment, given their high nutritional value and growing demand for fresh produce. Nonetheless, each segment holds its unique importance and contributes to the overall growth of this market
By product type: The market is segmented into genetically modified seeds and conventional seeds. The conventional seeds segment has emerged as the most significant contributor to the growth of the market, primarily driven by its growing application in the production of cereals, grains, and oilseed crops. Moreover, the increasing awareness of the numerous health benefits associated with consuming conventional seeds, such as high dietary fibre content, good fats, and antiinflammatory properties, has further propelled the demand for this segment. Genetically modified seeds are expected to be the fastest-growing segment in this market. These seeds provide farmers with significant cost savings by reducing the need for agrochemical treatments while delivering higher yields, which translates into improved profitability.
By region: The commercial seeds market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America's dominant position in this market is due to favourable government policies, extensive R&D capabilities, and a competitive advantage in commercial agriculture. These factors have allowed seed companies to innovate and meet the evolving needs of the market, leading to continued growth in the region. North America is expected to maintain its position as a market leader in the coming years.
Competitive analysis and profiles of the major players in the commercial seeds market, such as Bayer AG, Corteva Agriscience (DuPont), DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes, Inc., Rijk Zwaan Zaadteelt en Zaadhandel B.V., Sakata Seed America., TAKII & Co. Ltd., and VILMORIN & CIE.

Commercial Seeds Market Report Highlights

Aspects Details
By Crop Type
  • Cereals
  • Oilseeds
  • Fruits and Vegetables
  • Others
By Product Type
  • Genetically Modified Seeds
  • Conventional Seeds
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players Syngenta, Bayer AG, Corteva Agriscience (DuPont), Land O'Lakes, Inc., Sakata Seed America., VILMORIN & CIE, TAKII & CO., LTD., KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Rijk Zwaan Zaadteelt en Zaadhandel B.V.
 

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