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Commercial seeds (conventional, biotechnology) market analysis by product (soybean, corn, cotton, rice) and segment forecasts to 2020


San Francisco, California, USA
August 12, 2014

Increasing demand for GM seeds due to increased yield and low availability of arable land to boost global commercial seeds demand

Commercial seeds can be classified as per their type such as conventional seeds and GM (genetically modified) or biotechnology seeds. Conventional seeds include canola, cereals, rice, soybean, cotton, maize, and vegetable. Biotechnology seeds are seeds that are genetically engineered to exhibit superior properties which include insect resistance and better shelf life. Commercial seeds yield optimum results desired from the crop which will boost demand as a result of growing population coupled with decreasing arable land. Growth in population in addition to growing urbanization has led to growing demand for food. Moreover, decreasing arable land is a result of rapid urbanization in many countries.

A major driver for the market is favorable government regulations regarding use of biotechnology seeds in countries across the world. In addition, other factors such as acceptance of technology coupled with increasing use of hybrid seeds in Asia Pacific will also augment demand for the commercial seeds market. Biotechnology seeds have a superior advantage as compared to conventional seeds of possessing multiple/stacked traits which will boost market demand. Biotechnology seeds can possess more than one trait such as herbicide tolerance and various insect resistance capabilities, hence known as multiple/stacked traits. Seeds having double or triple stacked traits are in demand occupying 26% of global biotechnology crop area according to a survey.

Varieties of new crops are getting introduced in the biotechnology seed market aowing to wide acceptance by countries all over the world. A major drawback associated with production of commercial seeds includes excessive soil erosion along with growth of poisonous weeds in the surrounding areas. Additionally, lower yield is key factor which adversely affects the market. Regions of Asia Pacific and Latin America are expected to be highest in terms of production and consumption of commercial seeds including conventional and biotechnology seeds. Higher consolidation in the market is the outcome of various mergers and acquisitions by key industry participants since 2001.

Soybean and corn being key ingredients in manufacture of bio fuels such as ethanol will boost the demand for conventional seeds in the market. North America is the largest market for commercial seeds owing to presence of key industry players in the region. China being the second largest consumer of seeds will account for increasing demand from Asia Pacific.

Key participants in the market include DuPont Pioneer, Monsanto Company, Vilmorin & Cie SA and Syngenta International AG; these cater to over 50% of total market. Other notable players in the market include Dow AgroSciences, Bayer CropScience, Takii & Co Ltd., AgReliant Genetics LLC, Sakata Seed Corporation, BASF Corporation, KWS SAAT AG, and DLF-Trifolium.

REPORT

Commercial Seeds (Conventional, Biotechnology) Market Analysis By Product (Soybean, Corn, Cotton, Rice) And Segment Forecasts To 2020

Published June 2014



More news from: Grand View Research


Website: http://www.grandviewresearch.com

Published: August 12, 2014

 
 

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