The field crop seeds industry is one of the most important agricultural inputs that farmers need to produce crops for food, animal feed, and non-food uses. The need for affordable seed technology is becoming very important in sustainable agricultural production strategies given that the world's population is projected to reach 9.8 billion by 2050, the climate is expected to change, and there are limitations on the amount of land that can be used for cultivation. The genetically modified (GM) seed segment is the major sector for the entire field crop seeds market. The former is a global field crop seeds market, the latter is firmly established in South and North America and some parts of Asia but largely absent in Europe, where regulatory and consumer barriers have prevented its uptake.
According to Data Bridge Market Research the Field Crop Seeds accounted for USD 35435.00 million in 2021 and is expected to reach the value of USD 54381.62 million by 2029, at a CAGR of 5.50% in the forecast period of 2022 to 2029.
“Increasing advancements and innovations in breeding techniques”
New plant breeding techniques enable the growth of new plant varieties with desired traits by modifying the DNA of the plant cell or field crop seeds. Plant breeding advancements assist in overcoming the difficulties farmers have on the farm daily. Companies are highly investing in new plant technologies owing to the growing demand for the advanced better varieties that are very adaptable to different weather or climatic conditions, have high yield potential, and are drought tolerant and are resistant to diseases. For instance, Bayer opened its first fully automated greenhouse in Marana Arizona in 2020, which comprises innovative advancements in proprietary seed chipping, automation, data science and advanced marker technology.
What restraints the growth of Field Crop Seeds Market?
“Lower acceptance and price fluctuations”
The market for field crop seeds will experience significant growth restraints during the forecasted period due to factors such as lower acceptance of genetically modified (GM) crops, lengthy research and approval processes associated with the development of new seed varieties, price volatility in oilseeds, and low yield of crops in under-irrigated areas. Further impeding the market's expansion are emerging unorganized competitors with low profit-to-cost ratios and post-harvest management in developing nations.
Segmentation: Field Crop Seeds Market
The field crop seeds is segmented on the basis of type, availability, seed treatment, seed traits and product.
- On the basis of type, the field crop seeds is segmented into genetically modified (GM) seed, conventional seed.
- On the basis of availability, the field crop seeds is segmented into saved seeds, commercial seeds.
- On the basis of seed treatment, the field crop seeds is segmented into treated, untreated.
- Based on seed traits, the field crop seeds is segmented into herbicide tolerant, insecticide resistant, other stacked traits.
- On the basis of product, the field crop seeds is segmented into transgenic hybrids, non-transgenic hybrids, and open-pollinated varieties.
Regional Insights: Asia-Pacific is expected to dominate the Field Crop Seeds Market
Asia-Pacific is expected to dominate the market and is expected to grow significantly owing to the increasing demands for healthy and organic food and augmented food production within the region. For instance, the area harvested in cereals augmented from 333 million hectares in 2019 to 341 million hectares in 2020. Moreover, augmented usage of oilseeds by manufacturers of animal feed is another major factor which is expected to further drive the market growth in this region.
- In addition, the North America region is likely to register highest growth rate during the forecast period of 2022 to 2029 growth in seed replacement rate and surge in area under major crops in this region. Furthermore, The U.S. is the largest field crop seed markets, with corn contributing a major market share and accounting for 22.5 percent. This is mainly due to increasing adoption of biotech crops which is another major factor of the market growth in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-field-crop-seeds-market
The Prominent Key Players Operating in the Field Crop Seeds Market Include:
- Advanta Seeds (U.S.)
- Bayer AG (Germany)
- DLF (Denmark)
- Corteva. (U.S.)
- DOW (U.S.)
- DuPont. (U.S.)
- KWS SAAT SE & Co. KGaA (Germany)
- Land O'Lakes, Inc. (U.S.)
- Sakata Seed America. (U.S.)
- Ajeet Seeds Pvt Ltd (India)
- The Kusa Seed Research Foundation (U.S.)
- Seed Savers Exchange (U.S.)
- Johnny's Selected Seeds (U.S.)
- Wild Garden Seed (U.K.)
- Rijk Zwaan Zaadteelt en Zaadhandel B.V. (Netherlands)
- Organic Seed Alliance (U.S.)
- Kaveri Seeds (India)
- Syngenta Crop Protection AG(Switzerland)
- Rallis India Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of Field Crop Seeds companies contact, https://www.databridgemarketresearch.com/reports/global-field-crop-seeds-market
Research Methodology: Global Field Crop Seeds Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
