San Francisco, Nov
12 The global market for commercial
seeds is expected to reach USD 72.09 billion by 2020, according to
a new study by Grand View Research, Inc. Growing population coupled with reduction
in arable land is expected to boost the demand for GM/bioseeds which are
superior to conventional seeds in terms of disease resistance and yield.
However, in spite of the advantages offered by GM seeds, the market faces
considerable restraint in the form of government regulations in certain
countries against the use of GM seeds
Corn/maize
was the largest consumed commercial seed, accounting for USD 20.07 billion of
revenue in 2013. The growth in corn can be attributed to its increased use as
livestock feed and in ethanol production. Soybean was the next largest
commercial seed form accounting for revenue in excess of USD 8 billion in 2013.
Soybean is a cheaper source of protein and is being increasingly used in the
medical field. Other common commercial seeds include cotton, canola, cereals
and rice.
Browse full research report on Commercial Seeds Market:
www.grandviewresearch.com/industry-analysis/commercial-seeds-market
Further Key findings from the study suggest:
- The global
biotechnology (GM) seeds market was valued at USD 21.45 billion in 2013
and is expected to reach USD 42.53 billion by 2020, growing at a CAGR of
10.3% from 2014 to 2020
- Soybean was
the largest consumed GM seed accounting for USD 9.12 billion in revenue as
of 2013. However, GM maize is expected to witness fastest growth at an
estimated CAGR of 11% from 2014 to 2020 on account of increasing demand
for soybean oil in manufacturing of biofuels.
- North America
was the largest regional market for commercial seeds with market revenue
of USD 13.96 billion in 2013. Europe is expected to remain a moderate
market, owing to the high degree of regulatory intervention persistent in
the region. Asia pacific and Latin America are expected to witness
significant market growth at an estimated CAGR of over 7% from 2014 to
2020.
- Major
industry participants include Monsanto Company, DuPont Pioneer, Syngenta
International AG and Vilmorin & Cie SA, KWS SAAT AG, Bayer CropScience
and DOW AgroSciences
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/food-safety-and-processing
Grand
View Research has segmented the global commercial seeds market on the basis of
product and region:
Commercial
Seeds Product Outlook (Revenue, USD Billion, 2012 - 2020)
- Conventional
Seeds
- Biotechnology/
GM Seeds
Commercial
Seeds Product Outlook (Revenue, USD Billion, 2012 - 2020)
- Maize (Corn)
- Soybean
- Vegetable
- Cereals
- Cotton
- Rice
- Canola
Biotechnology/GM
Seeds Product Outlook (Revenue, USD Billion, 2012 - 2020)
- Soybean
- Corn (Maize)
- Cotton
Canola
(Rapeseed)Commercial Seeds and GM Seeds Regional Outlook (Revenue, USD Billion,
2012 - 2020)
- North America
- Latin America
- Europe
- Asia Pacific
- RoW
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-commercial-seeds-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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