The vegetable seeds market was valued at US$6.114 billion in 2018 and is projected to expand at a CAGR of 6.22% over the forecast period to reach US$8.782 billion by 2024.
The demand for Vegetable Seeding is increasing on account of the rising demand for nutritional vegetables along with a growing focus on agricultural activities. Further, rising health consciousness amongst the population is leading to increased consumption of vegetables owing to the nutritional benefits of vegetables which in turn is expected to propel the demand for vegetable seeds in the coming years. Furthermore, growing indoor farming along with modernization in the agricultural sector is anticipated to bolster the market growth for vegetable seeds. The market has been segmented by crop type, farm type, trait, and geography. In the farm type segment, indoor farming is expected to grow substantially owing to the rising adoption of indoor farming techniques such as greenhouses. In the trait segment, the conventional segment is estimated to hold a significant share on account of wide adoption as compared to the genetically modified segment. Geographically, Asia Pacific is projected to hold a significant share owing to the presence of countries like India and China which have huge agricultural industries. Along with rising demand for vegetables.
Rising demand for vegetables.
Supportive government initiatives.
In March 2019, Corteva separated from DowDuPont to form a leading agricultural company dealing in the seeds and crop protection market.
In September 2018, Bayer AG acquired Monsanto with an aim to strengthen their agricultural division.
The major players profiled in the Vegetable Seed market include W. Atlee Burpee & Co., Mahindra Agri Business Pvt. Ltd., Bayer AG, Takii & Co. Ltd., Syngenta, Sakata Seed, America, Kitazawa Seed Company, Corteva, Limagrain, and Monsanto Company.
|Market size value in 2018||US$6.114 billion|
|Market size value in 2024||US$8.782 billion|
|Growth Rate||CAGR of 6.22% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Farm Type, Trait, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||W. Atlee Burpee & Co., Mahindra Agri Business, Bayer AG, Takii & Co. Ltd., Syngenta, Sakata Seed America, Kitazawa Seed Company, Corteva, Limagrain, Monsanto Company|
|Customization scope||Free report customization with purchase|
The Vegetable Seed market has been analyzed through the following segments:
By Farm Type
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What is the size of vegetable seed market?
A1. The vegetable seed market was valued at US$6.114 billion in the year 2018.
Q2. What will be the vegetable seed market size by 2024?
A2. The vegetable seed market is expected to reach a market size of US$8.782 billion by 2024.
Q3. What are the growth prospects for the vegetable seed market?
A3. The vegetable seed market is expected to grow at a CAGR of 6.22% over the forecast period.
Q4. Who are the major players in the vegetable seed market?
A4. Some of the major players in the vegetable seed market are W. Atlee Burpee & Co., Mahindra Agri Business Pvt. Ltd., Bayer AG, Takii & Co. Ltd., Syngenta, Sakata Seed, America, Kitazawa Seed Company, Corteva, Limagrain, and Monsanto Company.
Q5. What is the base year considered in the vegetable seed market report?
A5. 2018 has been taken as the base year in the vegetable seed market.