Valued to be $79 Billion by 2026, Seeds Slated for Robust Growth Worldwide
SAN FRANCISCO, Oct. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Seeds – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 3463
Companies: 526 – Players covered include AgReliant Genetics LLC; Bayer AG; Bejo Zaden B.V; Canterra Seeds; China National Seed Group Corporation; DLF; DLF Pickseed USA; Dow AgroSciences LLC; DuPont Pioneer; Enza Zaden; Gansu Dunhuang Seed Co. Ltd.; Groupe Limagrain Holding SA; Hefei Fengle Seed Co. Ltd.; Hunan Xiangyan Seed Industry Co. Ltd.; Krishidhan Seeds Private Ltd.; KWS SAAT SE; Land O`Lakes Inc.; Monsanto Company; Mycogen Seeds; Nuziveedu Seeds Ltd.; Rasi Seeds (P) Ltd.; Rijk Zwaan Zaadteelt en Zaadhandel B.V.; Sakata Seed Corp.; Syngenta AG; Takii & Company Limited; The Scotts Miracle-Gro Company; UPL Limited; Vilmorin & Cie and Others.
Coverage: All major geographies and key segments
Segments: Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types); Type (Conventional, Genetically Modified); Trait (Herbicide-Tolerance (HT), Insect-Resistance (IR), Other Traits)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Seeds Market to Reach $79 Billion by 2026
Amid the COVID-19 crisis, the global market for Seeds estimated at US$53.8 Billion in the year 2020, is projected to reach a revised size of US$79 Billion by 2026, growing at a CAGR of 6.4% over the analysis period. Cereals & Grains, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$32.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oilseeds & Pulses segment is readjusted to a revised 6.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.6 Billion in 2021, While China is Forecast to Reach $16.7 Billion by 2026
The Seeds market in the U.S. is estimated at US$15.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.7 Billion by the year 2026 trailing a CAGR of 9.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Fruits & Vegetables Segment to Reach US$17.3 Billion by the year 2026
In the global Fruits & Vegetables segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.2 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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