Technavio recognizes
the following companies as the key players in the global seeds market: Bayer,
DowDuPont, Groupe Limagrain, KWS, Land O' Lakes, Monsanto, Syngenta
Commenting on the report, an analyst from Technavio’s team said: “The latest
trend gaining momentum in the market is Innovations in seed technology.
Manufacturers worldwide are developing many innovative seed technologies to
meet the growing demand for food production. These technologies are developed
to improve production yields and nutrition profiles, lower the costs of
production, and offer value added traits. Innovative seed technologies are
tested to be in tandem with ongoing global trends.”
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According to the report, one of the major drivers for this
market is Increasing investments in agricultural research. The increasing investments
in agricultural research have been of prime importance, with major global
private firms focusing on innovations pertaining to the agriculture sector. The
advent of biotechnology and different scientific developments, the growing
stronghold of Intellectual Property Rights (IPR) over innovations, and a huge
expansion of the agricultural inputs market globally have been encouraging many
private companies to invest in agricultural research. In 2010, the global
private sector investments in R&D, to help improve agricultural inputs,
went up to $11 billion from the $5.6 billion in 1994.
Further, the report states that one of the major factors
hindering the growth of this market is Rise in seed prices. Seed breeding is an
expensive process, which increases the cost of seeds. Players are investing
more in breeding seeds with advanced traits or genes that are sourced from
genetech companies. However, the use of advanced technology for cultivation
increases the cost of seeds.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is
expected to grow at a CAGR of 7.79%
About Seeds
A seed is an embryonic plant enclosed in a protective layer.
The formation of seed is part of the process of reproduction in plants.
Technavio’s analysts
forecast the global seeds market to grow at a CAGR of 9.22% during the period
2018-2022.
Covered in this
report
The report covers the present scenario and the growth
prospects of the global seeds market for 2018-2022. To calculate the market
size, the report considers the revenue generated from the sales of seeds.
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The market is divided
into the following segments based on geography:
·
• Americas
·
• APAC
·
• EMEA
Technavio's report, Global Seeds Market 2018-2022, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
·
• Bayer
·
• DowDuPont
·
• Groupe
Limagrain
·
• KWS
·
• Land O'
Lakes
·
• Monsanto
·
• Syngenta
Market driver
·
• Increasing
investments in agricultural research
·
• For a
full, detailed list, view our report
Market challenge
·
• Rise in
seed prices
·
• For a
full, detailed list, view our report
Market trend
·
•
Innovations in seed technology
·
• For a
full, detailed list, view our report
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