Vegetable Seeds Market Forecasts to 2028 – Global Analysis By Type (Hybrid, Open Pollinated Varieties), Crop Type (Solanaceae, Brassica, Root & Bulb, Leafy, Cucurbit), Form Outlook , Trait, Vegetable Type, and By GeographyAccording to Stratistics MRC, the Global Vegetable Seeds Market is accounted for $7.9 billion in 2022 and is expected to reach $13.25 billion by 2028 growing at a CAGR of 8.7% during the forecast period. Vegetables are an essential element for a fit diet and various vegetables include various quantities of nutrients. A diet that is wealthy in vegetables will aid to decrease the existence of any sickness or disorder like obesity or eye problems. As well, consuming healthy no starched vegetables like lettuce, spinach etc assist in weight loss. Furthermore, farmers all over the world are challenging high class vegetable planting seeds to assemble this increasing require for vegetables. The vegetable seeds market includes sale of vegetable seeds by unit which are used by farmers for the sake of cultivation of numerous types of vegetables.
According to the Executive Director of the Federation of Seed Industry in India, the reduction in onsite staff, implementation of multiple shifts, social distancing, frequent sanitization of plants, and regular health monitoring of staff led to reduced productivity at Indian seed processing plants. According to the Indian Council of Agricultural Research, increasing awareness regarding the consumption of vegetables to meet various dietary requirements and nutritional needs raised the demand for fresh vegetables, consequently leading to an increase in the area of vegetable production in the country to 10.3 million hectares in 2017 from 10.1 million hectares in 2016.
Market Dynamics:
Driver:
Demand for Diet-based Nutritional Food
The addition of vegetables in the diet helps to fight malnutrition and expand the diet. Nutritional diversification assist to sense of balance the diet by attractive they deliver of required micronutrients that guide to enhanced health, better thinking capability, and improved effectiveness. Furthermore, the nutritional prosperity of vegetables ensures a low-charge remedy for nutritional shortage in many developing economies. Consequently, the increasing demands for vegetables across the globe increase the requirement for enhanced vegetable production, in that way boosting the expansion of the industry.
Restraint:
Changing Climatic Conditions
Change in Climate is one of the main concerns for agricultural production all over the globe. A slight change in the climatic factor drastically impacts crop production also the crops are disposed to diseases and pests. These, in order affect crop health and cause difference in undeveloped practice. Moreover, research since several decades has revealed the recurring effects of temperature, rainfall, and humidity on disease and its. Therefore, the alteration in temperature and an augment in the atmospheric humidity substance hampers vegetable production as well as vegetable seeds market.
Opportunity:
Rising Awareness Regarding Benefits of Consuming Vegetables
As a result, including fresh vegetables in the on a daily basis diet may possibly help to stop main non communicable diseases (NCD). Moreover, an increase in consciousness concerning the profit of vegetables and the increasing health worry include resulted in the increase demand for vegetables in developed as well as developing economies
Threat:
High R&D costs quality vegetable seed development leads to high seed price
The seed industry is one of the largely research and development concentrated industries. The research and development spends vary among companies depending on the company’s policy and option of techniques. Owing to unpredictable climatic conditions and high demand for food from end consumers, the acceptance of hereditarily customized seeds is higher between farmers. Hybrid seeds and organic seeds of a range of varieties of vegetables cost higher than the average price of seed owing to which farmers might make use of active seeds from the preceding yield cycle to decrease the on the whole expenses on seeds. This could threaten the growth of the market for vegetable seeds.
Covid-19 Impact
The worldwide outburst of COVID-19, go behind by the lockdowns transversely numerous country, has impacted various industries. Even though the seed region is painstaking under necessary goods, the vegetable seed production and logistics were impacted due to other factors such as labour shortage and seed trade. To struggle the COVID-19 disaster, numerals of governments have engaged emergency process. These procedures contain overcrowding borders and governmental institutions, separating homes and communities, and put the whole state on lockdown. Consequently of these improvement methods, markets and supply chains for agricultural inputs and products are interrupting in different ways. Seeds are the commencement tip for agricultural production, thus during emergency like the COVID-19 pandemic, seed supply is one of the most significant services that ought to carry on to sustain current and future making cycles.
The open pollinated varieties segment is expected to be the largest during the forecast period
Based on type, the market is divided into two types Hybrid and Open Pollinated Varieties. While pollination happens by an insect, bird, wind, or any other human interference then it is recognized as open pollination. Because there are no boundaries on the flow of pollen among individuals, open pollinated crops are more hereditarily varied. Consequently, these cause more dissimilarity within the crop and assist it to settle in to local growing circumstances and climate. The open-pollinated varieties are the major market due to its higher implementation in developing nations. Too, open-pollinated varieties are produced in the free market by farmers and local producers.
The solanaceae segment is expected to have the highest CAGR during the forecast period
Based on crop type, the market is classified into Solanaceae, Brassica, Root & Bulb, Leafy, Cucurbit and others. Solanaceae Segment to stay leading in future years owing to its high implementation all over the world Tomatoes, potatoes, eggplant, and pepper are the most important crops in the Solanaceae family unit that contain high demand from corner to corner the world. The expansion of the Solanaceae segment is first and foremost driven by the increasing investment by vegetable seed manufacturers to enlarge high-worth seeds such as hybrid tomato. Hybrid tomato has the highest taking up in the U.S. and India. Besides, tomato is the foremost vegetable seed in the Solanaceae family unit owed to its high seed substitute rate.
Region with highest share:
Asia Pacific region is captured to hold highest share during the forecast period. The rising agriculture industry, increasing awareness about the health benefits of vegetables, and ever-increasing area beneath horticultural crops are the major factors that are boosting the market in this region. The demand for vegetable seeds, mainly in developing countries is still unexploited, and these provide MNCs a variety of opportunities for development and to expand their purchaser base. Countries are changing toward the implementation of high-superiority seeds owing to the export possible of vegetable seeds in the global market. Consumers in this region who are health aware are boosting up the demand for fresh vegetables. The majority of vegetable seed firm are focus on producing tomatoes, cabbage, and eggplant.
Region with highest CAGR:
North America is the highest CAGR region throughout the forecast period. The North American vegetable seeds market is highly concentrated. Vegetable growers are mainly small land share individual farmers, who cultivate vegetables in less than 15 acres of land. In addition, rising acceptance of a vegan lifestyle, altering lifestyle, changing preference in the direction of ingestion of healthier food, and increasing not reusable income of customers are amongst some aspects estimated to hold up the growth of the market in this region, and consecutively, are projected to constrain the growth of the global vegetable seeds market
Key players in the market
Some of the key players profiled in the Market include Syngenta International AG, Gansu Dunhuang Seed Co. Ltd., Advanta Limited, BASF SE, Namdhari Seeds, Groupe Limagrain (Saint-Beauzire, France), Monsanto, Sakata Seed Corporation, Takii & Co., Ltd , Bayer AG , UPL Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V, Limagrain, East-West Seed International Ltd, Horticulture Seeds, Enza Zaden BV (Enkhuizen, Netherlands), Bejo Zaden B.V., Land O'Lakes Inc., Mahindra Agri, Mahycow.
Key Developments:
In April 2020, Sakata Seed America, a subsidiary of Sakata Seed Corporation acquired U.S. based lettuce seed company, Vanguard Seed. This acquisition would allow the company to introduce new lettuce varieties in the market.
In January 2020, Syngenta launched vegetable seeds of Easy-Broq brassica, baby plum tomato, and a Champion cabbage product line, which not only reduces wastage at every point of the supply chain but is also resilient to climate change.
In 2020, Rizk Zawaan opened a new office, which is also a research and demo station in China, to increase the company's presence in the country and carry out market-specific research.
In June 2021, Bayer Crop science AG launched India's first-ever yellow watermelon variety, the Yellow Gold 48, under its Seminis brand of high-yielding vegetable seeds.
Type Covered:
• Hybrid
• Open Pollinated Varieties
Crop Type Covered:
• Solanaceae
• Brassica
• Root & Bulb
• Leafy
• Cucurbit
Form Outlook Covered:
• Organic
• Inorganic
Cultivation Mechanisms Covered:
• Protected Cultivation
• Open Field
Traits Covered:
• Genetically Modified
• Conventional
Applications Covered:
• Greenhouse
• Farmland
Vegetable Type Covered:
• Onion
• Carrot
• Tomato
• Cabbage
• Lettuce
• Sweet Pepper
• Melon
• Watermelon
• Chinese cabbage
• Hot Pepper
• Eggplant
• Okra
• Sweet Corn
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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