Tech World Herald - Vegetable Seeds Market - Technological advancements and Global Demand in Agricultural Sector

Vegetable Seeds Market - Technological advancements and Global Demand in Agricultural Sector

Newsdesk 29/5 08:17

The global vegetable seeds market was valued at approximately US $ 9,082.3 in 2019 and expected to register at CAGR or over 7.5%. The report offers in-depth insights, revenue details, and other vital information regarding the global vegetable seeds market and the various trends, drivers, restraints, opportunities, and threats in the target market at 2027.

Global Vegetable Seeds Market: Market Dynamics

Increasing demand for  hybrid seeds in order to enhance the taste, texture, and quality of the vegetables is a major factor expected to drive overall growth of the global vegetable seeds market. In addition, increasing demand for vegetable seeds increases to demand for vegetables. Moreover, increasing health consciousness in consumers is expected to boost demand for healthy and nutritional items, which in turn is expected to support revenue growth of the target market.

However, stringent regulations regarding use of genetically treated vegetable seeds have to do with growing human health and the environment, a factor is expected to hamper growth at a target market to a certain extent over the forecast period.

Rising popularity of e-commerce and increasing government initiatives in research and development of vegetable seeds to reduce the risk of pathogens are among some trends witnessed in the global vegetable seeds market, currently. Growing R&D activities for development of vegetable seeds that are resistant to seed borne diseases is expected to create a lucrative opportunity for players in the target market in the next coming years.

Global Vegetable Seeds Market: Market Forecast

The comprehensive research report includes a complete forecast of the global vegetable seeds based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global vegetable seeds market is expected to expand at a CAGR or over 7.5% during the forecast period.

Global Vegetable Seeds Market: Segmental Snapshot

The market report has been segmented on the basis of component type, technology, application, end use, and region. The component type segment includes solanaceae, cucurbit, root and bulb, brassica, leafy, and others. The region covered in the analysis includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By type: The solanaceae segment accounted for highest revenue share compared to other type of segment, and is expected to register a CAGR or over 8.4% over the forecast period

By Region: The market in Asia Pacific accounts for the highest revenue share in the global vegetable seeds market in 2017. The Asia Pacific vegetable seed market is projected to register at CAGR or over 8.4% for the forecast period.

Global Vegetable Seeds Market: Competitive Analysis

The research report on the global vegetable seeds includes some of major companies such as BAYER CropScience AG (Monsanto Company), Syngenta AG, BASF SE, Takii & Co., Ltd., Sakata Seed Corporation, Maharashtra Hybrid Seeds Company Private Limited. (Mahyco Seeds Ltd.), Western Bio Vegetable Seeds Ltd., Bejo Zaden BV, Groupe Limagrain Holding SA, UPL Limited (Advanta Seeds), and East-West Seed International Ltd.

The Global Vegetable Seeds Market: Industry, Size, Share, Growth, Trends, and Forecast, 2018-2027 report based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global vegetable seeds market for 2017-2027.

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