HYDERABAD, India, September 26, 2016 /PRNewswire/ --
Mordor Intelligence announces the release of their market research report on the global seed industry. The report titled, "Global Seed Industry - Growth, Trends and Forecasts ," discusses the current landscape and outlook of the said market.
The global seeds market is expected to project a CAGR of 6.8% during the forecast period 2016-2021. The market, estimated at USD XX million as of 2016, is projected to reach a value of USD 73239.1 million by 2021.
Our report is segmented as follows:
- By Product Type
- Non-GM Seeds/ Hybrid Seeds
- GM Seeds
- By Crop Type
- Grains and Cereals
- Oil Seeds
- Vegetable Seeds
- Other Seeds
- By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Africa
Non GM seeds/Hybrids hold the largest market share, followed by GM seeds and varietal seeds. The GM seed market is projected to increase steadily, as many countries are starting to accept the GM technology. The seed industry has a higher concentration in industrialized and developed countries, North America and Europe constitute nearly half of the market. America dominates the GM market followed by Asia. Asia-Pacific is the second largest and the fastest growing seed market. China is the second biggest seed market in the world, only falling behind the United States.
Industry players in the seeds market focus on merging and acquiring smaller organizations to increase their consumer base and improve their expertise. Last year alone the top six agricultural organizations were on the verge of merging into three entities. Dow Chemical and DuPont have agreed to merge, China National Chemical Corp. purchased Syngenta, a Swiss chemical and seeds company, for USD 43 billion. The latest purchase of Monsanto by Bayer (pending regulatory) for a USD 66 billion will result in latter becoming the world's largest seed and agriculture company.
Some of the major companies profiled in the report include: Monsanto, Groupe Limagrain, Syngenta, Bayer Crop Science and DuPont (Pioneer).
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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Madan Gopal
AVP - Marketing & Strategy
Email: madan@mordorintelligence.com
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