Fruit & Vegetable Seed Market Worth $12.9 Billion by 2018

Date:10-09-2013

The report ”Fruit & Vegetable Seed Market” shows that this market was $6276.5 million in 2012 and is projected to reach $12,961.3 million by 2018, growing at a CAGR of 12.8% from 2013 to 2018. Fruit & vegetable seed is a key market in global fruit and vegetable seed market. Increasing demand and decreasing arable land are mainly pulling global market upwards. This market is driven by many reasons, such as the profitability margin in this segment, adoption of precision farming & protected agriculture, change in farming practices & technology, and high returns on investments with certified seed.

The fruit & vegetable seed market Europe had the largest share in the market and was $2,199.2 million in 2012 and is projected to grow at a CAGR of 12.8% during the forecast period. Latin America is the fastest growing fruit and vegetable seed market with a CAGR of 13.4%.

The market is dominated by few global players, such as Monsanto (U.S.), Syngenta (Switzerland), Bayer CropScience (Germany), Limagrain (France), Takii & Co. Ltd (Japan), Sakata Seed Corp (Japan), and Rijk Zwaan (The Netherlands), etc. Agreements and partnerships between seed manufacturers and agriculture input companies have given new dimensions to this market; thus, leading its future growth.

The size of the global fruit & vegetable seed market was derived by forecasting techniques based on segments of entire market, such as crop types, area under crop cultivation, and trade between various geographical regions. The major market players were acknowledged 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.