Global Seeds Market to grow by 12.1% to $85,237.6 million by 2018

The report “Global Seeds Market” shows that the seeds market was $44,122.2 million in 2012 and is projected to reach $85,237.6 million by 2018, growing at a CAGR of 12.1% from 2013 to 2018. Seeds market is primarily driven by the consumption of seeds with traits which is gaining awareness among the farmers. Oilseed and grain seeds are key segments of the global seed market. The global seed market is driven by many reasons such as the pressure of continuously increasing population, maximum production with limited available land, effective advanced technologies, crop losses, and extensive expenditure of agricultural farms. The rising demand of vegetables, oils, and grains has a positive impact on the growth of seeds market. The time period involved in innovation and development of new traits restrains the growth of seeds market. The global seeds market was dominated by some major companies such as Monsanto (U.S.), DuPont (U.S.), Syngenta (Switzerland), and Bayer (Germany).

Seeds Market Revenue & Share, By Crop Types, 2011 - 2018 ($Million)


North America is the largest region for seeds market. China, Brazil, and India are also important countries for this market, adopting new technologies to grow faster. Corn covers the largest market share followed by soybean crop. Maximum trait seeds are developed for corn crop globally. Herbicide tolerant is the most applied trait in the global seed market, followed by insect resistant. Biotech trait crops are associated with higher yields, less crop loss, and less maintenance cost. Hence, they are gaining popularity.

The size of the global seeds market was derived by forecasting techniques based on segments of entire market such as seed types, share of biotech trait seeds, area under crop cultivation, and trade between various geographical regions. The key players in the seed market were identified through secondary research and their market revenue was determined through both primary and secondary research. It includes study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and Marketing Personnel.