Vegetable Seeds Market
Segmentation By Type (Solanaceae, Cucurbit, Root & Bulb, Brassica, Leafy & Others); By Application (Farmland, Greenhouse and Others) – Global Demand Analysis & Opportunity Outlook 2027
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Segmentation By Type (Solanaceae, Cucurbit, Root & Bulb, Brassica, Leafy & Others); By Application (Farmland, Greenhouse and Others) – Global Demand Analysis & Opportunity Outlook 2027
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Rising population
With the rise in the world 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.
Expanding population adopting farming
It has been observed that there is a rise in the number of people adopting farming activities. The rise in the farming population is expected to boost the growth of the vegetable seeds market.
Wide application of vegetables across various segments of food industries
Wide application of vegetables across various segments of food industries such as food processing, food service, baking and others is increasing the demand for vegetables across the world. Wide application of vegetables across various segments of food industries is expected to boost the market growth.
Shift in eating habits
Increasing awareness regarding the consumption of vegetables, to meet dietary and nutritional needs has caused a rise in demand for vegetables. Shift in eating habits is expected to boost the growth of the market.
Restraints
Perishable nature of seeds
The seeds are perishable in nature i.e. they have a short life and cannot be stored for long period of time which will hamper the growth of the vegetable seeds market.
Presence of spurious seeds
Spurious seeds are the seeds that look like the original one but are not of the same origin or development and do not perform same function. Presence of spurious seeds will hinder the growth of the vegetable seeds market.
With the rise in the world 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. Increasing awareness regarding the consumption of vegetables, to meet dietary and nutritional needs has caused a rise in demand for vegetables. Shift in eating habits is expected to boost the growth of the market. The major players in the vegetable seed market are merging with and acquiring other players of the market to gain the competitive edge in the market. Besides this, the companies are also doing collaborative projects with their competitor companies.
The vegetable seeds market is anticipated to record a CAGR of around 10% during the forecast period i.e. 2019-2027. The market is segmented by type & application. 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.
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Our in-depth analysis of the vegetable seeds market includes the following segments:
By Type
By Application
By Region
On the basis of regional analysis, the vegetable seeds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
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 show 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.
On the basis of regional analysis, the vegetable seeds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The vegetable seeds market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
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