Germany Seed Market Forecast 2022-2028

Germany Seed Market Forecast 2022-2028

KEY FINDINGS

The Germany seed market is anticipated to record a CAGR of 2.8% in terms of volume and 3.21% in terms of revenue across the forecasted years. The country’s market growth is primarily accredited to the presence of well-established players, the increasing research and development, and the surge in plant breeding activities. The base year considered for the market studied is 2021, and the estimated years are from 2022 to 2028.

MARKET INSIGHTS

Currently, around 0.2 million hectares of land in Germany belong to vegetable production. The nation also recorded a substantial increase in the cultivation of greenhouse vegetables at 180,000 metric tons and outdoor vegetables at 3.82 million metric tons, compared to 150,000 metric tons and 3.56 million metric tons in 2016, respectively. This expansion has provided the German vegetable seed industry with a significant boost. Besides, the country also has 10 major multinationals as well as 130 seed companies, predominantly dealing with the vegetable seeds business.

On the other hand, seed companies in Germany majorly engage in plant breeding activities. In this regard, overall, nearly 6% of seed companies in the country are involved in vegetable breeding activities. Hence, the increasing demand for cereals and oilseeds, in addition to the key developments in the vegetable seed market, is set to augment the demand over the upcoming years. As a result, these factors are evaluated to fuel the market growth in Germany during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading firms operating in the market include BASF, KWS SAAT SE, Bayer CropScience AG, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments