According to a recently published report by Research Nester on “Vegetable Seeds Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Vegetable Seeds Market in terms of market segmentation by type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The vegetable seeds market is segmented by type, application and region. On the basis of type, the market is segmented into solanaceae, cucurbit, root & bulb, brassica, leafy and others. On the basis of application, the market is segmented into farmland, greenhouse and others. The vegetable seeds market is anticipated to record a CAGR of around 10% during the forecast period i.e. 2019-2027. By type, the solanaceae segment is anticipated to have leading growth on account of being the largest group of vegetable seeds that consists of tomato, pepper and eggplant.
Worldwide Population Growth
According to the department of economic and social affairs, the global world population is projected to attain 8.5 billion in 2030, 9.7 billion in 2050 and 10.9 billion in 2100. With the rise in the global population, there is a rise in the demand for vegetables as they are one of the major sources of nutrients. Rise in the world population is expected to boost the growth of the vegetable seeds market.
Shift in eating habits
Increasing awareness regarding the consumption of vegetables, to meet dietary and nutritional needs has caused a rise in demand of vegetables. Shift in eating habits is expected to boost the growth of the market.
North America is expected to lead the market on the back of presence of the top 10 players in this region such as Monsanto, Syngenta, Bayer Crop Science, Limagrain etc. Asia- Pacific is expected to showcase significant growth on the back of volume of seeds produced, where China and India are the major contributors. Europe is expected to show significant growth on the back of its R & D expenditure for production of vegetable seeds.
However, perishable nature of seeds and as well as presence of spurious seeds in the market is expected to operate as a key restraint towards the growth of vegetable seeds market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Vegetable Seeds Market which includes company profiling of Monsanto, Syngenta International AG, Bayer Crop Science, Rijk Zwaan. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Vegetable Seeds Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.