Global Commercial Seed Market is expected to reach a value of USD 99.70 billion by 2028, at a CAGR of 8.40% over the forecast period (2022 - 2028) | Increasing global population leading to the increasing demand for food is the key factor fuelling the grow

According to the latest research by SkyQuest Technology, the Global Commercial Seed Market Size was valued at USD 63.92 billion in 2021, and it is expected to reach a value of USD 99.70 billion by 2028, at a CAGR of 8.40% over the forecast period (2022 - 2028). The research provides up-to-date Commercial Seed market analysis of the current market landscape, latest trends, drivers, and overall market environment.

The need for food is increasing as the world's population grows. Due to its greater performance in terms of yield and output in a time when arable land is dwindling globally, the global commercial seed industry is developing at a quicker rate. Furthermore, increased demand for biofuels is putting pressure on farmers to increase production of commodities like maize, which is used to make ethanol. While there will be continued demand for commercial seed because of strong demand in developing nations and technology developments, regulatory and safety concerns over GM crops, as well as costly R&D costs, may limit market expansion.

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The global commercial seed market is divided into two categories: traditional crops and biotechnology/GM crops, which are further divided into several crop kinds. Conventional crop seeds such as cereals, grains, and oilseeds account for 52% of the market, while GM crops are expected to increase at a CAGR of 10.2%. Soybean, corn, cotton, and canola are the most common GM crops found in this study. Soybean is the most widely farmed GM crop, and GM maize has a promising future.

North America is the largest geographic market for commercial seed production in the world, with a share of roughly 30%. The growth of the European commercial seed market would be slow due to a high level of regulatory intervention. With positive economic expectations from countries like China, India, and Brazil, the Asia-Pacific and South American areas will grow at a faster rate.

Read market research report, "Global Commercial Seed Market is segmented based on Type, Trait, and other traits, and Region. Based on Type, the market is further segmented into Conventional and genetically modified seeds. According to Trait, Herbicide-tolerance (HT), Insect-resistance (IR), Abiotic Stress Tolerance, Disease Resistance, And Modified Product Quality, and Stacked Traits are major sub-segments in this category & By Region - Forecast and Analysis 2022-2028" by SkyQuest

Food insecurity is becoming more of a global concern as the world's population grows and arable land shrinks. This is one of the most important elements driving the need for commercial seeds to increase agricultural productivity. Furthermore, multiple nations' governments are encouraging farmers to embrace sustainable agricultural practices through various incentives, which is driving increasing demand for organic, non-genetically modified organisms (GMO) commercial seeds. Aside from that, a number of companies sell hybrid seeds with high vigor, uniformity, and yield potential. Furthermore, the burgeoning global energy demand, the growing demand for clean and renewable fuel sources, and the expanding automobile industry are all factors driving biofuel consumption. As a result, the market's expansion is bolstered.

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Individual market affecting factors and changes in regulation in the domestic market are also discussed in the country portion of the research, which have an impact on the market's current and future trends. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are just a few of the data elements used to anticipate market scenarios for distinct countries. While providing forecast analysis of the nation data, the presence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are all taken into account.

The cereals and grains category has the biggest market share since the crop type is widely consumed as a staple diet around the world. The growing need for healthy food options, together with the high consumption of breakfast cereals in consumers' diets, is boosting the cereals & grains market, which is a major factor for the increased demand for these seeds among farmers. According to an FAO assessment, worldwide cereal production is expected to grow at an unusually fast rate of around 12%, owing to increased production in nations such as the United States, Canada, India, and China. In the seed industry, GM corn and sorghum seeds have a high value among crop growers.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
Market Estimation for 20+ Countries
Global Global Commercial Seed Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Global Commercial Seed Market Trends
Comprehensive Mapping of Global Commercial Seed Market Parameters
Attractive Investment Proposition in the Global Commercial Seed Market
Competitive Strategies Adopted by Global Commercial Seed Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the Global Commercial Seed Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Global Commercial Seed Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Global Commercial Seed Market Sales
Parent market analysis
Product portfolio benchmarking

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SkyQuest has segmented the Global Commercial Seed Market based on Type, Trait, and Region:
Global Commercial Seed Market By Type (Revenue, USD million, 2021 - 2028)
Conventional
Genetically modified
Others
Global Commercial Seed Market By Trait (Revenue, USD million, 2021 - 2028)
Herbicide-tolerance (HT)
Insect-resistance (IR)
Abiotic stress tolerance
Disease resistance
Modified product quality
Stacked traits
Global Commercial Seed Market By Region (Revenue, USD million, 2021 - 2028)
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Key Players in the Global Commercial Seed Market
DuPont. (US)
Monsanto Company (US)
Syngenta Crop Protection AG (Switzerland)
Bayer AG (Germany)
Land O'Lakes, Inc. (US)
DLF Seeds A/S (Denmark)
Sakata Seed America. (US)
TAKII & CO.,LTD. (Japan)
Adama Agricultural Solutions Ltd. (Israel)
KWS SAAT SE & Co. KGaA (Germany)
Rijk Zwaan Zaadteelt en Zaadhandel B.V. (Netherlands)
VILMORIN & CIE (France)

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This release was published on openPR.