The " Vegetable Seed Market" Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Vegetable Seed Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.
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Vegetable Seed Market 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 vegetable seeds market was valued at USD 9,162.5 million in 2018 and is projected to register a CAGR of 9.44%, during the forecast period (2019-2024). North America is one of the largest markets for vegetable seed production and consumption, followed by Asia - Pacific and Europe. The European Union is the largest region, in terms of R&D expenditure on vegetable seeds.
Vegetable seeds with high growth prospects include hot pepper, eggplant, Chinese cabbage, sweet pepper, and lettuce. The tomato, cabbage, sweet pepper, and lettuce segments account for shares of more than 30%. The tomato seed segment accounts for the largest share, followed by sweet pepper, lettuce, and cabbage.
Scope of the Report
Vegetable seeds are defined as seeds that are used for commercial production of vegetables. The report considers all commercially cultivated vegetables throughout the world. However, the value of vegetable seeds planted with the sole purpose of seed production is eliminated from the estimation, to avoid double count errors.
The report defines the vegetable seeds market as the set of buyers who procure seeds from an organized seed market, for the commercial production of vegetables. The buyers include farmers and institutional buyers operating in vegetable and/or vegetable-based production. The farmers who cultivate vegetable crops using saved seeds, or seeds produced from the previous production, are not a part of the studied market.
Key Market Trends
Increasing Demand for Hybrid Seeds
The Indian domestic vegetable seeds industry is expected to double, to around USD 1,179 million, over the next five years. According to ICRA, this growth is supposed to be driven by increased use of hybrid seeds. The number of hectares under biotech crop production increased from 179.7 million in 2015, to about 185.1 million in 2016. Developing countries accounted for around 54% of the global biotech hectares, compared to 46% of the industrial countries. The increasing awareness regarding the consumption of vegetables, to meet diverse dietary and nutritional needs, has caused a rise in the demand for vegetables. Among all the vegetable seeds, cabbage (100%) and tomato (99.3%) account for the highest seed replacement rate. Currently, only 20% of seeds used by the farmers are of good quality, whereas, the remaining 75% of demand is being catered to by the saved seeds of farmers, from the previous season.
North America Leads the Market
North America is the largest market for vegetable seeds production and consumption in the world as of 2018. The North American vegetable seeds market is highly concentrated, with around 85% of market share being occupied by the top ten players in this region. Monsanto, Limagrain, Syngenta, and Bayer CropScience are the most influential seed companies in this market.
The United States is the largest vegetable seeds market in the North American region. Vegetable growers in the United States are mostly small land holding individual farmers, who grow vegetables in less than 15 acres of land. Around 33% of vegetable growers are small farmers and only 9% of farmers have large vegetable fields and can sell vegetables worth USD 500,000 per year.
In the vegetable seeds market, companies are not only competing on product quality and product promotion but also on strategic moves to acquire greater market share. More than 25% of the major strategic moves, performed by key players, involves a new product launch or product development.
Over the past five years, Monsanto Company has been the most active player, in terms of strategic development, in the vegetable seeds business. Its major strategic developments made it reflect the core strategy of the Monsanto Group. Monsanto has been focusing on R&D, either by means of R&D facility expansion or through collaboration with other institutions working in R&D of vegetable seeds.
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Vegetable Seed Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Vegetable Seed Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Vegetable Seed market on the basis of product type, application, and region
- To forecast and analyze the size of the Vegetable Seed market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Vegetable Seed market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Vegetable Seed market
- To analyze opportunities in the Vegetable Seed market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Vegetable Seed market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Vegetable Seed Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Vegetable Seed trade
Marketing Channel Development Trend
Vegetable Seed Market Positioning
Distributors/Traders List enclosed in Positioning Vegetable Seed Market
Vegetable Seed Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leader's revenue forecasts till 2024. In conclusion, Vegetable Seed Market 2019 report presents the descriptive analysis of the Vegetable Seed Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Vegetable Seed Market competitors.
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