Category

Vegetable Seed Market Size, Share, 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

Published: May 2020 | Report Code:  KSI061612696 | Pages:  110

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 rising demand for nutritional vegetables along with 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, conventional segment is estimated to hold a significant share on account of wide adoption as compared to genetically modified segment. Geographically, Asia Pacific is projected to hold a significant share on owing to the presence of countries like India and China which have huge agricultural industry. Along with 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 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.
 
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 vegetable seed market size?
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.
 

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