The tomato seeds market is projected to register a CAGR of 7.9% over the forecast period (2022-2027).
Among all the vegetable seeds, the tomatoes seed replacement rate is one of the highest, at 99.3%. There is also an increasing trend toward the production of greenhouse tomatoes in countries such as the United States, Canada, and France. All the above-mentioned factors lead to an increase in demand for the new tomato seed varieties that are driving the global tomato seed market. However, the market saw a slight decrease during the first two quarters of 2020 due to the negative effect of COVID-19.
The cultivation of tomatoes has been exhibiting an increasing trend around the world. The production of tomatoes globally increased from 176.85 million metric tons in 2016 to 180.7 million metric tons in 2019. The global tomato processing market increased from 37, 47 million metric tons in 2017 to 38.777 million metric tons in 2020. The market in the United States, Canada, and the EU is mature in terms of the adoption of hybrid and high-yielding seeds. These markets experience a growing demand for new and improved varieties, such as mini plum/snack tomatoes.
The increasing awareness regarding the high nutritional value of vegetables has increased the consumption of vegetables, including tomatoes, in order to meet diverse dietary and nutritional needs. The aforementioned factor has caused a rise in the demand for tomatoes, which in turn automatically drives the demand for tomato seeds. Also, there is a significant increase in tomato cultivation globally. For instance, the global area under tomato cultivation increased from 4850.2 thousand hectares to 5,030.5 thousand hectares between 2016and 2019. The outbreak of the COVID-19 virus affected more than 210 countries across the world, resulting in a decline in the global tomato seed market in 2020. The climate changes, resistance developed by pests, poor infrastructure, and post-harvest loss led to the need for developing the new high-yielding and hybrid seeds to help the farmers increase the yield.
Rising awareness among farmers about the benefits associated with the adoption of hybrids, especially in the emerging economies, such as India and Brazil, through government support, is accelerating the market. The biotech area is also growing around the world, which leads to an increase in the demand for hybrid tomato seeds.
Asia-Pacific is the fastest-growing region in the tomato seeds market. Increasing the high-intensity cultivation of tomatoes is the major factor driving market growth in the region. The shares of China's tomato seed market in the Asia-Pacific market accounted for 40.2% in 2020. The market is mostly driven by the export markets of processed tomato products, such as sauce, paste, ketchup, and diced tomatoes. This fortifies the production of tomatoes, which in turn boosts the demand for varieties of seeds.
Farmers in the region have been investing in protected cultivation and other cultivation practices such as plastic mulching and drip irrigation. Major regional companies are also increasingly investing in R&D to develop hybrids through advanced breeding technologies. Rijk Zwaan Zaadteelt en Zaadhandel BV, a Dutch seed breeder, started laying emphasis on improving pink tomato varieties that are resistant to TYLCV and grown in greenhouses for the Japanese market in 2016.
The global tomato seeds market is fragmented, with the top global and regional players competing fiercely with local manufacturers. Diversification of portfolios through the development of new varieties is one of the most prominent strategies applied for further intensification in the matured markets. Bayer CropScience, BASF SE, Syngenta International AG, Groupe Limagrain, East-West Seed International, UPL Limited, Rijk Zwaan, and Sakata Seeds Corp are some of the key players identified in the market.
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Among all the vegetable seeds, the tomatoes seed replacement rate is one of the highest, at 99.3%. There is also an increasing trend toward the production of greenhouse tomatoes in countries such as the United States, Canada, and France. All the above-mentioned factors lead to an increase in demand for the new tomato seed varieties that are driving the global tomato seed market. However, the market saw a slight decrease during the first two quarters of 2020 due to the negative effect of COVID-19.
The cultivation of tomatoes has been exhibiting an increasing trend around the world. The production of tomatoes globally increased from 176.85 million metric tons in 2016 to 180.7 million metric tons in 2019. The global tomato processing market increased from 37, 47 million metric tons in 2017 to 38.777 million metric tons in 2020. The market in the United States, Canada, and the EU is mature in terms of the adoption of hybrid and high-yielding seeds. These markets experience a growing demand for new and improved varieties, such as mini plum/snack tomatoes.
Key Market Trends
Growing Area Under Cultivation and Adoption of Hybrid Seeds
The increasing awareness regarding the high nutritional value of vegetables has increased the consumption of vegetables, including tomatoes, in order to meet diverse dietary and nutritional needs. The aforementioned factor has caused a rise in the demand for tomatoes, which in turn automatically drives the demand for tomato seeds. Also, there is a significant increase in tomato cultivation globally. For instance, the global area under tomato cultivation increased from 4850.2 thousand hectares to 5,030.5 thousand hectares between 2016and 2019. The outbreak of the COVID-19 virus affected more than 210 countries across the world, resulting in a decline in the global tomato seed market in 2020. The climate changes, resistance developed by pests, poor infrastructure, and post-harvest loss led to the need for developing the new high-yielding and hybrid seeds to help the farmers increase the yield.
Rising awareness among farmers about the benefits associated with the adoption of hybrids, especially in the emerging economies, such as India and Brazil, through government support, is accelerating the market. The biotech area is also growing around the world, which leads to an increase in the demand for hybrid tomato seeds.
Asia-Pacific to Exhibit the Highest Growth Rate
Asia-Pacific is the fastest-growing region in the tomato seeds market. Increasing the high-intensity cultivation of tomatoes is the major factor driving market growth in the region. The shares of China's tomato seed market in the Asia-Pacific market accounted for 40.2% in 2020. The market is mostly driven by the export markets of processed tomato products, such as sauce, paste, ketchup, and diced tomatoes. This fortifies the production of tomatoes, which in turn boosts the demand for varieties of seeds.
Farmers in the region have been investing in protected cultivation and other cultivation practices such as plastic mulching and drip irrigation. Major regional companies are also increasingly investing in R&D to develop hybrids through advanced breeding technologies. Rijk Zwaan Zaadteelt en Zaadhandel BV, a Dutch seed breeder, started laying emphasis on improving pink tomato varieties that are resistant to TYLCV and grown in greenhouses for the Japanese market in 2016.
Competitive Landscape
The global tomato seeds market is fragmented, with the top global and regional players competing fiercely with local manufacturers. Diversification of portfolios through the development of new varieties is one of the most prominent strategies applied for further intensification in the matured markets. Bayer CropScience, BASF SE, Syngenta International AG, Groupe Limagrain, East-West Seed International, UPL Limited, Rijk Zwaan, and Sakata Seeds Corp are some of the key players identified in the market.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Bayer Crop Science SE (Seminis)
- Groupe Limagrain
- Rijk Zwaan Zaadteelt en Zaadhandel BV
- Syngenta AG
- UPL Limited (Advanta Seeds)
- Sakata Seeds Corporation
- East-West Seed International
- Namdhari Seeds Private Limited
- Takii & Co. Limited
Methodology
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