The Latest Seeds Industry Statistics Explained
The Compound annual growth rate (CAGR) of the seed market globally from 2021 to 2026 is expected to be 6.2%.
The Compound Annual Growth Rate (CAGR) is a measure used to represent the average annual growth rate of an investment over a specified time period. In this context, the CAGR of the seed market globally from 2021 to 2026 is expected to be 6.2%. This means that, on average, the seed market is projected to grow by 6.2% every year during this 5-year period. The CAGR takes compounding into account, providing a more accurate representation of growth than simply calculating the arithmetic mean of annual growth rates. This statistic indicates a positive outlook for the seed market, suggesting a steady and consistent growth trajectory over the specified period.
In 2020, the vegetable seeds market was valued at USD 10.12 billion.
The statistic states that the vegetable seeds market was valued at USD 10.12 billion in 2020. This figure represents the total market value of vegetable seeds, including all types of vegetable seeds such as tomatoes, peppers, lettuce, carrots, and more, sold globally during the year 2020. Valuing the market at USD 10.12 billion provides insight into the size and importance of the vegetable seeds industry, indicating the significant demand for vegetable seeds and their pivotal role in agriculture and food production worldwide in 2020. This statistic can be used by businesses, policymakers, and agricultural stakeholders to understand market trends, make informed decisions, and strategize for the future.
In 2018, Corn accounted for 37.5% of the market share in the global seeds industry.
The statistic ‘In 2018, Corn accounted for 37.5% of the market share in the global seeds industry’ indicates that out of all the seeds sold worldwide that year, corn seeds made up approximately 37.5%. This suggests that corn seeds were a dominant player in the global seeds market, with a significant portion of the market share. This statistic highlights the importance and popularity of corn as a crop for agricultural production, as well as its economic significance within the agricultural industry on a global scale.
The Grain Seed market globally is expected to grow at a CAGR of 5.8%, reaching approximately USD 37 billion by 2026.
The statistic indicates that the global Grain Seed market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period, ultimately reaching a market value of around USD 37 billion by the year 2026. This suggests a significant expansion in the demand and consumption of grain seeds worldwide, which could be attributed to factors such as increasing population, changing dietary preferences, and advancements in agricultural technologies. The projected growth rate highlights potential opportunities for industry players and investors to capitalize on this market trend and leverage the expanding market size for grain seeds.
By 2027, the global lawn and garden seed market is projected to reach over USD 8 billion.
The statistic ‘By 2027, the global lawn and garden seed market is projected to reach over USD 8 billion’ indicates that the market for lawn and garden seeds is expected to experience significant growth and expansion in the coming years. This projection suggests a robust demand for lawn and garden seeds worldwide, driven by factors such as increasing urbanization, growing focus on landscaping and gardening, and rising disposable incomes. The market value of over USD 8 billion by 2027 implies a lucrative opportunity for businesses operating in the lawn and garden seed industry, highlighting the potential for substantial revenue generation and investments in research, development, and innovation within the sector.
In 2020, the market worth of hybrid seeds worldwide was USD 52.36 billion.
In 2020, the market worth of hybrid seeds worldwide equated to USD 52.36 billion, reflecting the significant economic significance and demand for these specialized seeds. Hybrid seeds are created by cross-breeding two different varieties of plants to produce crops with desirable traits such as higher yields, disease resistance, and improved quality. The substantial market value indicates the widespread adoption of hybrid seeds by farmers globally, highlighting the importance of innovative agricultural practices in meeting the growing food demands of an expanding population.
Europe holds around 30% of the global seed market share.
The statistic that Europe holds around 30% of the global seed market share indicates the proportion of seed sales that are attributed to companies operating within Europe compared to the overall market. This suggests that European seed companies play a significant role in the global seed industry. Factors contributing to Europe’s strong market presence may include advanced research and development capabilities, innovative technology, favorable agricultural policies, and a diverse range of crop varieties adapted to different climates. The statistic highlights Europe’s importance in supplying seeds to farmers worldwide and its potential influence on global food production and agricultural sustainability.
In 2019, North America was the largest seeds industry market, accounting for USD 28.33 billion.
The statistic indicates that in 2019, North America represented the largest market within the seeds industry, with a total value of USD 28.33 billion. This suggests that North America held a significant share of the global seed market during that year. The high value reflects the importance and scale of seed production, distribution, and consumption within the region. This statistic highlights North America’s key role in the seeds industry and its substantial economic impact on both the regional and global agricultural sectors.
By 2025, the fruit and vegetable seeds market will likely reach USD 14.00 billion.
The statistic indicates that the fruit and vegetable seeds market is projected to grow significantly by the year 2025, reaching a value of USD 14.00 billion. This suggests an increasing demand for seeds used in agriculture for growing fruits and vegetables globally. Factors contributing to this growth could include population growth, increasing health consciousness leading to higher consumption of fresh produce, advancements in seed technology, and expansion of agriculture practices. The projected market value serves as a forecast for the potential size and value of the fruit and vegetable seeds market in the near future, providing valuable insights for stakeholders in the agriculture and food industry to make informed decisions and investments.
GM seeds are projected to dominate the seeds industry until 2027, at an estimated CAGR of 6.1%.
This statistic indicates that genetically modified (GM) seeds are expected to maintain a prominent position in the seeds industry until 2027, with a projected dominance in market share. The estimated Compound Annual Growth Rate (CAGR) of 6.1% suggests a steady and consistent annual increase in the adoption and usage of GM seeds. This growth rate implies that GM seeds will continue to gain traction among farmers and agricultural industries over the next few years. Overall, the data suggests that GM seeds are likely to be a significant player in the seeds market for the foreseeable future, with a steady increase in demand and market penetration.
China is one of the largest markets for hybrid seeds, accounting for a market share of nearly 10%.
The statistic indicates that China holds a significant position in the global market for hybrid seeds, capturing approximately 10% of the market share. This suggests that China is a key player in the agriculture industry, particularly in the production and adoption of hybrid seeds. Hybrid seeds are known for their improved yields, uniformity, and disease resistance qualities, making them highly sought after by farmers seeking better harvests. China’s substantial market share in hybrid seeds highlights the country’s emphasis on modern agricultural practices and the demand for high-quality seeds to enhance productivity in its farming sector. Additionally, China’s strong presence in the market reflects its potential to influence trends and advancements in hybrid seed technologies on a global scale.
It is predicted that by 2024, sunflower seeds will reach a market value of USD 30 Billion.
The statistic indicates a forecasted market value for sunflower seeds of USD 30 billion by the year 2024. This prediction suggests a significant increase in the market value of sunflower seeds over the next few years. Factors contributing to this growth could include rising consumer demand for healthy and natural snack options, increased awareness of the health benefits of sunflower seeds, and potential advancements in production and distribution processes. Various stakeholders in the sunflower seed industry, including growers, manufacturers, and retailers, may leverage this information to capitalize on the growing market opportunity and potentially shape their strategic decisions for the future.
As of 2018, Monsanto, DuPont, and Syngenta were the top three companies in the global seeds market.
The statistic indicates that as of 2018, Monsanto, DuPont, and Syngenta held the top three positions in the global seeds market, making them the dominant players in the industry. This suggests that these companies had significant market share, influence, and competitive advantage in producing and selling seeds worldwide. Their presence at the top underscores their strong performance, innovation, and ability to meet the demands of agricultural consumers. The ranking serves as an important indicator of their leadership in the seeds market, highlighting their impact on agriculture and food production on a global scale.
In 2020, 42% of the French seed market was made up of field crops and 30% of vegetables.
The statistic indicates the distribution of the French seed market in 2020, with 42% comprised of field crops and 30% of vegetables. This suggests that a significant portion of the market is devoted to seeds for growing field crops such as wheat, corn, and soybeans, which are commonly grown for food, feed, and industrial uses. Additionally, the sizable share of 30% allocated to vegetable seeds highlights the importance of horticulture and gardening in France, reflecting a high demand for various types of vegetable seeds for personal and commercial cultivation. Overall, the data underscores the diversity of agricultural activities in France and the significance of both field crops and vegetables within the seed market.
The global market for cotton seeds is expected to grow at a CAGR of 4.1% by 2025.
This statistic indicates that the global market for cotton seeds is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.1% up to the year 2025. This growth rate suggests a steady and consistent rise in demand for cotton seeds worldwide, likely driven by factors such as increased adoption of genetically modified varieties, expanding cultivation areas, and rising demand for cotton products. The forecasted growth implies potential opportunities for industry players, including cotton seed producers, agricultural input suppliers, and farmers, as the market is anticipated to grow at a moderate pace over the next several years. Overall, this statistic highlights a positive outlook for the global cotton seed market, with sustained growth expected in the foreseeable future.
By 2026, the global horticulture lighting market in the seed industry is anticipated to reach USD 16.56 billion.
The statistic suggests that by the year 2026, the global horticulture lighting market within the seed industry is projected to grow significantly and reach a value of USD 16.56 billion. This indicates a substantial increase in the adoption of horticulture lighting technology within the seed industry worldwide over the specified timeframe. The anticipated growth in this market signifies a rising demand for advanced lighting solutions to optimize seed production and plant growth through controlled environments and artificial lighting. Factors such as increasing awareness about the benefits of horticulture lighting, technological advancements, and a growing emphasis on sustainable agricultural practices are likely driving this anticipated market growth.
In 2021, the global forage seeds market is valued at around USD 21.7 billion and is expected to observe a CAGR of 8.9% over the forecast period.
The statistic indicates that the global forage seeds market was worth approximately USD 21.7 billion in 2021, with a projected compound annual growth rate (CAGR) of 8.9% expected over the forecast period. This suggests a significant growth trend in the market for forage seeds, used for animal feed and pastures, driven by factors such as increasing demand for livestock products, advancements in agricultural technologies, and rising awareness about the nutritional benefits of forage crops. The expected CAGR of 8.9% signifies a positive outlook for the industry, indicating potential opportunities for stakeholders to capitalize on the growing market demand for forage seeds.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.fortunebusinessinsights.com
3. – https://www.www.financialexpress.com
4. – https://www.www.transparencymarketresearch.com
5. – https://www.www.reportsanddata.com
6. – https://www.www.researchandmarkets.com
7. – https://www.www.gnis.fr
8. – https://www.www.globenewswire.com
9. – https://www.www.euroseeds.eu
10. – https://www.www.sesvanderhave.com
11. – https://www.www.marketsandmarkets.com
12. – https://www.www.acquiremarketresearch.com
