Vegetable Seed Market Size To Reach value of US$ 7.5 Billion by 2028
IMARC Group has recently released a new research study “Vegetable Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of Vegetable Seed market?
The global vegetable seed market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 7.5 Billion on by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a the Vegetable Seed Market?
A vegetable seed is a small embryonic plant enclosed in a protective outer cover usually grown in gardens and on farms. It comprises an endosperm, embryo, and seed coat that form the nutritive tissue of the seed. Some commonly known seed-containing vegetables are tomato, melon, okra, eggplants, hot pepper, sweetcorn, peas, and pumpkins.
These seeds possess large amounts of nutrients, proteins, and starch and are the most efficient means of multiplying vegetables and crops. As a result, vegetable seeds are widely used for producing varieties of vegetables across the globe.
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What are the major market drivers in a Vegetable Seed market?
The market is primarily driven by the expanding food and beverage (F&B) industry. In addition, the growing health awareness after the sudden outbreak of the coronavirus (COVID-19) pandemic and the increasing preference for self-farming and organic food consumption is contributing to the market growth.
Moreover, the introduction of organic vegetable seeds produced using biofertilizers, organic manure, and biopesticides represents another major growth-inducing factor. Besides this, the incorporation of gene-editing technology to meet the escalating demand for GMO vegetable seeds due to their benefits, such as increasing yield, minimized risk of crop spoilage, and disease resistance quality, is providing a positive thrust to the market growth. Furthermore, the increasing popularity of hybrid vegetable seeds, the widespread adoption of vegetable seeds in snacks and ready-to-eat (RTE) food items, and extensive research and development (R&D) activities conducted by key players are propelling the market growth.
Who are The Major Key Players in Vegetable Seed Market?
American Takii Inc., BASF SE, Bayer CropScience AG, Bejo Zaden BV, East-West Seed, Enza Zaden Beheer B.V., Groupe Limagrain, Namdhari Seeds Pvt. Ltd., Rijk Zwaan Zaadteelt En Zaadhandel BV, Sakata Seed Corporation, Syngenta AG (Cnac Saturn (Nl) B.V.) and UPL Limited.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Open Pollinated Varieties
- Hybrid
Breakup by Crop Type:
- Solanaceae
- Root & Bulb
- Cucurbit
- Brassica
- Leafy
- Others
Breakup by Cultivation Method:
- Protected
- Open Field
Breakup by Seed Type:
- Conventional
- Genetically Modified Seeds
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
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