Overview:

The global vegetable seeds market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Seed is an embryo of plant or it is a plant at embryonic stage. Seed plays a key role in plant multiplication. Vegetable seeds are mainly used for commercial production of vegetables across the globe. Additionally, some vegetable seeds are also used for various medicinal and direct consumption purposes.

Market Dynamics:

Growing consumption of vegetables across the globe due to growing population is a key factor driving growth of the global vegetable seeds market. Vegetables are the important part of many dishes and diet. Also, rising number of innovative food recipes is another key factor supporting the target market growth. Many innovative recipes require various vegetables to increase the nutrient level and improve the taste.

In addition, increasing number of food chain restaurants and rising preference for veg food among individuals across the globe are some other factors supporting target market growth. Rising demand for hybrid vegetable seed among farmers to increase the production and to fulfill the growing demand is another factor propelling global market growth.

However, increasing incidence of failure in germination, mixture of different quality and type of seed, and growing seed cost are some key factors hampering growth of the global vegetable seed market to a certain extent.

Key Trends:

Rising focus on penetration of home garden concept among key players is a key trend witnessed in the global market. For example, in December 2020, Bayer CropScience AG has announced that the company is entering in home garden segment in the Indian market with its high-quality hybrid seeds.

Regional Analysis:

For detailed understanding of market dynamics, the global vegetable seeds market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region dominated the global market in terms of market share in 2019. High presence of key market players in countries in the region is a key factor driving dominance of the region.

However, target market in Asia Pacific region is expected to witness significant growth during the forecast period. This is owing to, increasing population and rising demand for vegetables in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Vegetable Seeds Market, By Trait:

• Genetically Modified
• Conventional

Global Vegetable Seeds Market, By Farming Type:

• Outdoor Farming
• Indoor Farming

Global Vegetable Seeds Market, By Crop Type:

• Solanaceae
• Root & Bulbs
• Cucurbits
• Brassica Crops
• Leafy Vegetables
• Other Crops

Key Players Covered:

Key players operating in the global vegetable seeds market includes Bayer AG, BASF SE, Syngenta AG, Takii & Co. Ltd., Sakata Seed Corporation, Mahyco Seeds Ltd., Bejo Zaden B.V., UPL Limited (Advanta Seeds), East-West Seed International Ltd., and Groupe Limagrain Holding SA.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Vegetable Seeds Market by trait, farming type, crop type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global vegetable seeds market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.