Conventional Seeds Market Trends and Forecast
The future of the global conventional seeds market looks promising with opportunities in the
cereal & grain, oilseed & pulse, and fruit & vegetable markets. The global conventional seeds market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing global population and food demand, increasing adoption of genetically modified (GM) seeds, and advancements in seed technology and breeding techniques.
• Lucintel forecasts that herbicide-tolerance (HT) is expected to witness higher growth over the forecast period.
• Within this market, cereal & grain is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Conventional Seeds Market
• United States: Monsanto announced new targets to increase production of conventional maize seeds by 15% by 2025, supported by government subsidies for sustainable agriculture.
• Brazil: Syngenta launched a new line of conventional soybean seeds, aiming to expand market share by 10% in the next fiscal year, backed by government incentives for agricultural innovation.
• India: Mahyco Seeds collaborated with local farmers to promote hybrid rice varieties, aiming to achieve a 20% increase in yields by 2023, with government support through research grants and subsidies.
• China: China National Seed Group set targets to develop drought-resistant wheat varieties, aligning with government initiatives to enhance food security through advanced seed technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Conventional Seeds Market by Segment
The study includes a forecast for the global conventional seeds market by type, application, and region.
Conventional Seeds Market by Type [Value from 2018 to 2030]:
• Herbicide-Tolerance (HT)
• Insect-Resistance (IR)
• Other Traits
Conventional Seeds Market by Application [Value from 2018 to 2030]:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others
Conventional Seeds Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Conventional Seeds Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies conventional seeds companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the conventional seeds companies profiled in this report include-
• BASF
• Syngenta
• KWS SAAT
• Land O’ Lakes
• Sakata Seed
• Groupe Limagrain
• Takii & Co
Recent Development in the Conventional Seeds Market
• Bayer Crop Science: Bayer has expanded its conventional seed portfolio by introducing new high-yield corn hybrids and soybean varieties. The company is focusing on providing farmers with seeds that offer improved resistance to pests and diseases, aiming to enhance productivity and sustainability.
• Syngenta: Syngenta has launched a new range of conventional vegetable seeds tailored for diverse climatic conditions. The initiative aims to support local farmers in various regions by offering seeds that can adapt to specific environmental challenges, thereby boosting crop yields and food security.
• Corteva Agriscience: Corteva has announced a partnership with several agricultural cooperatives to distribute its latest line of conventional seeds. This collaboration aims to improve seed availability and support sustainable farming practices by providing high-quality seeds that are well-suited for different soil types and climatic conditions.
• Limagrain: Limagrain is investing in research and development to enhance the genetic traits of its conventional seeds. The company has unveiled new wheat and barley varieties that offer superior resistance to environmental stressors, aiming to improve crop resilience and farmer profitability.
• KWS SAAT SE: KWS has introduced innovative breeding techniques to develop new conventional seed varieties with higher yield potential and better adaptability to changing climate conditions. The company’s latest offerings include improved maize and sugar beet seeds that are designed to meet the growing demand for sustainable agriculture.
Features of the Global Conventional Seeds Market
Market Size Estimates: Conventional seeds market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Conventional seeds market size by type, application, and region in terms of value ($B).
Regional Analysis: Conventional seeds market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the conventional seeds market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the conventional seeds market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for conventional seeds market?
Answer: The global conventional seeds market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the conventional seeds market?
Answer: The major drivers for this market are growing global population and food demand, increasing adoption of genetically modified (GM) seeds, and advancements in seed technology and breeding techniques.
Q3. What are the major segments for conventional seeds market?
Answer: The future of the conventional seeds market looks promising with opportunities in the
cereal & grain, oilseed & pulse, and fruit & vegetable markets.
Q4. Who are the key conventional seeds market companies?
Answer: Some of the key conventional seeds companies are as follows:
• BASF
• Syngenta
• KWS SAAT
• Land O’ Lakes
• Sakata Seed
• Groupe Limagrain
• Takii & Co
Q5. Which conventional seeds market segment will be the largest in future?
Answer: Lucintel forecasts that herbicide-tolerance (HT) is expected to witness higher growth over the forecast period.
Q6. In conventional seeds market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the conventional seeds market by type (herbicide-tolerance (HT), insect-resistance (IR), and other traits), application (cereals & grains, oilseeds & pulses, fruits & vegetables, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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