Vegetable Seed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Solanaceae, Brassica, Root Bulb, Leafy, And Others), By Farm Type (Indoor, Outdoor), By Trait (Conventional, Genetically Modified), And By Geography - Forecasts From 2019 To 2024

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 the rising demand for vegetables.

DRIVERS

Rising demand for vegetables.

Supportive government initiatives.

INDUSTRY UPDATES

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 the aim to strengthen its 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.

Vegetable Seed Market Scope

Segmentation

The Vegetable Seed market has been analyzed through the following segments:

By Type

Solanaceae

Brassica

Root Bulb

Leafy

Others

By Farm Type

Indoor

Outdoor

By Trait

Conventional

Genetically Modified

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the 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 factors are anticipated to drive the vegetable seed market growth?
A5. The demand for vegetable seeding is increasing on account of the rising demand for nutritional vegetables along with a growing focus on agricultural activities.