Global oilseed and grain seed market to reach $64,113.0 million by 2018

The report “Oilseed & Grain Seed Market” shows that the global oilseed and grain seed market is expected to reach $64,113.0 million by 2018 according to the revenue, with increasing food demand at CAGR of 12.0% from 2013 to 2018.

In terms of geography, the market is segmented into Asia-Pacific, Europe, North America, and Rest of the World (ROW). This market is broken down to key countries from each regional market. North America is found as the largest market. More than 80.0% revenue in North America is generated by U.S.. Latin America is the fastest growing region for oilseed and grain seed market and Brazil holds major market share of Latin America. China is the largest market in Asia-Pacific followed by India.

The global oilseed and grain seed market includes oilseed crop such as soybean, sunflower, canola, cotton and grain seed crops such as wheat, rice, corn, and millet. Soybean dominates the global oilseed seed market, while corn dominates in grain seed market. Soybean and corn crops are fastest growing segments in oilseed and grain seed market respectivaly. North America and Europe are major producers of corn, and Latin America is the largest producer of soybean. Asia-Pacific is the leading market for rice and cotton, and ROW for sorghum. The maximum production of wheat, canola, and sunflower is found in Europe.

Oilseed and grain seed are further classified as seed with trait and other seed. The seed with trait include herbicide resistance, insecticide resistance, and other staked seed. Herbicide resistant seed dominates the seed with trait market. U.S. is the largest market in terms of use of seed with trait. Other seed includes all conventionally stored and processed seed. Insect resistant is second most used trait to protect crop. Bacillus thuringiensis (Bt) technology is the only example of genetic engineering to develop insect resistant crop currently. Other stacked trait includes abiotic stress tolerance, disease resistance, modified quality pollination control systems, and others.

The report details can be found here.