Global Grain Seed Market: SIZE, SHARE and COVID-19 IMPACTS & FORECASTS UPTO 2028
Global Grain Seed Market to Grow at 4.00% CAGR The Key Highlights. Corn is the largest crop segment. This is because corn has a high value crop, high Return On Investment and a higher demand from the lubricants market for biofuel production.
New York, Jan. 17, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Grain Seed Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028” – https://www.reportlinker.com/p06381351/?utm_source=GNW
Largest segment by country – United States: The United States is the second largest producer of grains worldwide, with wheat and corn being the main contributors. The United States is the largest producer of biofuel worldwide.
Fastest-growing Segment by Crop – Sorghum : The market expansion for sorghum seeds is driven by the crop’s ability to adapt to changing weather conditions, and an increase in the demand for animal feed by dairy farmers.
Fastest-growing segment by Country – Ukraine : Ukraine experienced the fastest growth as it is the largest wheat producer in Europe. The adoption of hybrid seeds also led to increased exports of grain to Africa.
Key Market Trends
Breeding Technology is the most dominant segment in Hybrids.
Hybrids make up a significant portion of the global seed market for grain seeds in terms of value. Transgenic crops account for 53.4% of the global value of hybrids. Asia-Pacific is the region with the largest non-transgenic seed market. It has a 47% market share in terms of value. Only corn and rice herbicide resistant seeds are approved for cultivation.
Due to increased use of GM herbsicide-tolerant varieties, the share value of GM-tolerant grains will increase by 31% between 2021 and 2028. The share value of GM insecticide-resistance grains is expected to increase by 32% from 2022 to 2028 due to the increased use of GM insecticide-resistant varieties.
Other traits crops account for 5.8% of total transgenic crop production in the grain seed industry. Other traits include drought tolerance, stress tolerance, water-lodging tolerance and disease resistance.?
Globally, open-pollinated varieties of cereals and hybrids made up 31% for the global grains and cereals seeds market in 2021. Asia-Pacific was a major consumer of hybrid and open-pollinated seeds for cultivation of grains and other cereal crops. This region is responsible for 40% of global OPVs seeds market.
Due to increasing demand for improved varieties that can adapt to changing climatic conditions and have high yield potential, resist diseases, and are drought-tolerant, the companies are investing heavily in new plant technologies. Bayer, Arizona’s first fully-automated greenhouse, opened in Marana, Arizona in 2020. This facility features innovative advancements in proprietary seedchipping, advanced marker tech, automation and data science.
North America is the largest region by Region.
North America holds 41% of the global grain seeds market’s value. The North American area covered by cereals and grains reached 57.6 Million Hectares in 2021. This was an 8.7% increase from 2016, due to increased processing facilities and governments pushing for the adoption grains for self-sufficiency. Cereals and grains are the staple food in the American diet.
China is the Asia-Pacific’s largest grain market. It accounted for 21.7% global and 63.7% Asia-Pacific’s total value in 2021. China can eat its own rice and wheat, and almost all of its corn seed. ?
Europe’s largest contributor to the global seed market was the segment of grain seed. It accounts for 49% of Europe’s total seed market value. With a 10% share of the global corn seed industry, it is a significant producer of corn. France is the largest producer of corn. Spain, Turkey, Italy and Turkey are the main producers of European wheat, representing 12% of the global market for wheat seed.
South America held a 9.7% market share in the global grain seed market in 2022. Brazil is third in the world’s largest corn producer, due to its availability of superior seed varieties that are more resistant to disease and yield higher.
Seed companies are developing seeds for different types growers because of the increase in animal production and meat consumption, as well as increased processing facilities and organic farming methods. Global grain seed demand is expected to increase during the forecast period with a 4.3% CAGR.
Competitive Landscape
Global Grain Seed Market fragmentation is evident with only five companies holding 37.65% of the market. The major players in this market are Advanta Seeds – UPL, Bayer AG, Corteva Agriscience, KWS SAAT SE & Co. KGaA and Syngenta Group (sorted alphabetically).
Additional benefits:
Excel file – Market estimate (ME).
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