Seed is an embryonic plant which is enclosed in the protective covering. Seed formation is the reproduction process in seed plants, the spermatophytes including angiosperm and gymnosperm plants. Seeds are the products of reproduction of ripened ovule, after the fertilization by pollen and some growth within mother plant. The embryo is developed from zygote and seed coat from ovule’s integuments. Seed is an important development in reproduction and success of angiosperm and gymnosperm plants, relative to the more primitive plant’s liverworts, ferns, and mosses, which doesn’t have seeds and use water dependent propagation by themselves. It is utilized as the basic, central, and vital input in agriculture and all farming systems. Seed serves various functions for the plants such as dispersal to new locations, nourishment of the embryo, and dormancy during unfavorable conditions. Timely availability of quality seeds in adequate quantity decides the health and strength of an agricultural economy. Quality seeds suitable to various agro-climatic conditions in sufficient quantity and at affordable prices are necessary to raise overall crop productivity. High-quality seeds such as hybrid seeds offer better yield, significant uniformity, enhanced color, and disease resistance to the resulting plants.
the global seed Market was valued at USD XX million and it is expected to register a CAGR of 7.1% during the forecast period, 201X to 202X. Since 201X, a sustained downturn in the world cereal market, coupled with slow organic growth, has made it difficult to maintain a consistent progression. The market slump compelled multinationals to look at opportunities for collaboration. This resulted in three major mergers & acquisitions in the seed industry, namely, Dow AgroSciences and DuPont, ChemChina and Syngenta, and Monsanto and Bayer.
The growth of the global seed market is driven by modernization of agriculture, requirement to increase food production, and rise in usage of biofuels & animal feed. In addition, diversification of diets, sophistication of seed technologies such as seed coating & seed pelleting, rise in usage of waste land for agricultural purposes, and increasingly accommodative regulatory stance are anticipated to supplement the market growth. Asia-Pacific is expected to show highest growth rate during 2017-2023, owing to surge in population, rise in disposable income, and development in the agricultural sector. In addition, the region has minimum restrictions associated with import and export of seeds. Financial and technical assistance from foreign agencies, such as the U.S. Agency for International Development (USAID), Rockefeller Foundation, World Bank, and Ford Foundation in early development stage of seeds to strengthen breeding, processing of seed, and quality control plays a significant role in growth and development of the market. However, lower acceptance of genetically modified crops in various regions such as Europe and prolonged time & extensive research involved in the development of new seed varieties having novel traits hinder the market growth. Introduction of new technologies having potential benefits over conventional ones, enhancement in seed replacement rate (SRR), and increase in demand for seeds in emerging economies are expected to provide lucrative opportunities for market growth.
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The seed market comprises manufacturers such as:
• Bayer CropScience AG (Germany)
• E. I. Du Pont De Nemours and Company (U.S.)
• Monsanto Company (U.S.)
• Syngenta AG (Switzerland)
• The Dow Chemical Company (U.S.).
The Seeds Market is classified on the basis of type, crop, treatment, and geography.
Based on the type, Seeds Market is segmented as
• GM seed
• Conventional seed
Based on the crop, Seeds Market is segmented as
• Fruits & vegetables
• Cereals & Grains
• Oilseeds
Based on seed treatment, Seeds Market is segmented as
• Non-treated
• Treated
Based on Region, the market has been segmented as
• North America
• Europe
• Asia-Pacific
• Latin America
• RoW (Rest of the World)
For more information: https://precisionbusinessinsights.com/market-reports/hybrid-seeds-market/
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