November 2021 - 13

SEED SHOWCASE
Seed market to grow 6.8% through 2028
By DataM Intelligence
Seeds are the primary class of
agricultural inputs in that it majorly
decides the overall first-class and
amount of farm produce. Seeds when
sowed in the right growing media are
germinated to form flowers. The want
for improving yield and pleasantness
of produce caused the call for the seed
manufacturing enterprise.
Vegetable seed production evolved
as a first-rate sector in the agricultural
inputs market with massive scale
commercial enterprise operations across
the globe. The production and sales
of vegetable seeds have been swiftly
growing with increasing vegetable
farming acreage and consciousness in
the direction of hybrid seeds. Farming
communities are moving from self-farm
procurement to hybrid seeds as a result
of developing awareness.
Market dynamics
The developing demand for
vegetables, coupled with the increasing
populace and moving dietary
preferences in the direction of fresh
farm-grown products, is the No. 1
factor for the increase of vegetable seeds
marketplace globally. The growing focus
regarding the consumption of veggies,
to meet various dietary and dietary
wishes, has brought about a rise in the
call for greens.
Vegetable farming has been
continuously growing in phrases of
acreage and yield. Penetration of
blanketed agriculture practices together
with greenhouse, hydroponics and
aquaponics led to the growth of the
vegetable seeds market. Vegetables are
the most important meals category
grown in those structures. Furthermore,
indoor farming/urban farming is
another key driver for the marketplace,
increasing income around the 12
months.
The improvement of hybrid seeds
expanded the boom venues for the
vegetable seeds market. According
to ICRA, an investment information
organization, the key to improve the
adoption of hybrid seeds lies in making
sure the availability of the best seeds,
bridging the awareness gap in farmers
concerning higher techniques, and
growing supportive infrastructure.
Vegetable seeds market growth is meant
to be driven by multiplied use of hybrid
seeds. The number of hectares beneath
biotech crop manufacturing accelerated
from 179.7 million in 2015, to about
185.1 million in 2016, according to
ICRA.
Among all of the vegetable
seeds, cabbage (100%) and tomato
(99.3%) account for the highest
seed replacement charge. Globally
investments in research and
development are growing to increase
hybrid seeds.
Genetically modified (GM) seeds
provide high-quality seeds with increased
productivity.
Food security is a cause for concern,
which drives the need for hybrid seeds
with modified characteristics. However,
a number of regulations are imposed
on the cultivation of GM crops because
these crops require extensive water
resources and might cause health and
environmental hazards. The lack of
awareness of the benefits of the latest
crop production technologies in many
countries of this region can also have
a negative impact on the growth of
the market in this region during the
forecast period.
Competitive landscape
The global vegetable seed market is
Graphics: DataM Intelligence
highly competitive and is fragmented with
the presence of multiple players all over
the world. East-West Seed International
Co. Ltd., Syngenta AG, BASF SE, Bayer,
Rijk Zwaan Zaadteelt en Zaadhandel B.V.,
Groupe Limagrain, Enza Zaden B.V., Bejo
Zaden B.V., Takii Seeds and Sakata Seed
Corp. are considered as the top players
in the market. The leading players in the
market are focusing on launching new
products, giving satisfactory services and
improving customer-company relations to
strengthen their presence in the market.
COVID-19 impact
have been the primary factor of
dispute among seed growers, farmers,
purchasers and governments. The
health and environmental impact of
GM seeds led to their partial or whole
ban in numerous nations, in particular
in Europe.
Market segmentation
The global vegetable seeds market
has been segmented by crop type into
brassica, cucurbit, leafy vegetables,
root vegetables, Solanaceae and others.
Solanaceae is dominating the global
vegetable seeds market owing to its
high presence of widely cultivating
vegetables that includes tomato and
potato across both developed nations
and developing nations. Increasing
consumption of Solanaceae family
vegetables in the daily dietary intake
coupled with growing commercial
utilization of respective vegetables in
processing of different food products
is additionally driving the global
Solanaceae vegetable seeds market
during forecast period.
The Solanaceae seeds market is
estimated to grow at a compound
annual growth rate (CAGR) of 7%
during the forecast period (2020-2027)
to reach a market value of $4.1 billion
U.S. by 2027. The Solanaceae segment
held a share of over 40% in the global
vegetable seeds market in 2019.
Geographical penetration
By geography, Asia Pacific is
dominating the global vegetable seeds
market, accounting for over 38% in the
global sales revenue in 2019. China and
India are leading in the production of
vegetables globally, with the U.S. and
Turkey following far behind in terms of
volume production.
The Asia Pacific market for vegetable
seeds is estimated to grow at a CAGR of
8.34% during the forecast period. China,
Indiaand Japan are the key markets
with high demand for seeds in terms of
consumption (volume) in this region. The
high demand for food in these regions
has surged advances in seed technology to
Vegetable sales declined by volume in
2020. They are likely to rebound in 2021.
Agriculture is one of the least affected
industries by COVID-19 pandemic as the
majority of agricultural practices is spared
from lockdown restrictions under essential
industries. However, restrictions of social
activities and freight challenges resulted
in a negative market scenario. Supply
chain disruptions caused by the travel
restrictions is the primary factor for the
decline of market size in 2020.
Europe is the largest exporter of
vegetable seeds globally with countries
such as the Netherlands, Denmark, Italy
and France exporting to countries across
the world. These countries imposed strict
lockdowns for most of the months in 2020
with the spread of novel coronavirus. This
has posed a negative impact on the sales
of vegetable seeds. Most of the global
vegetable seed companies posted negative
sales during the time. For instance, the
revenue from vegetable seeds for Bayer,
Vilmorin & Cie and BASF declined by
13%, 3.5% and 1.3% during interim
business operations in 2020.
View full report: https://www.
datamintelligence.com/research-report/
@FGNews
FOLLOW
VEGETABLE GROWERS NEWS
ON TWITTER
@VGN_News
VGN | NOVEMBER 2021 | 13
https://www http://www.datamintelligence.com/research-report/
November 2021

Table of Contents for the Digital Edition of November 2021
