Vegetable Seed Market - Forecasts from 2019 to 2024

The vegetable seeds market was valued at US$6.114 billion in 2018 and is projected to expand at a CAGR of 6.22% over the forecast period to reach US$8.782 billion by 2024.The demand for Vegetable Seeding is increasing on account of rising demand for nutritional vegetables along with growing focus on agricultural activities. Further, rising health consciousness amongst the population is leading to increased consumption of vegetables owing to the nutritional benefits of vegetables which in turn is expected to propel the demand for vegetable seeds in the coming years. Furthermore, growing indoor farming along with modernization in the agricultural sector is anticipated to bolster the market growth for vegetable seeds. The market has been segmented by crop type, farm type, trait and geography. In the farm type segment, indoor farming is expected to grow substantially owing to the rising adoption of indoor farming techniques such as greenhouses. In the trait segment, conventional segment is estimated to hold a significant share on account of wide adoption as compared to genetically modified segment. Geographically, Asia Pacific is projected to hold a significant share on owing to the presence of countries like India and China which have huge agricultural industry. Along with rising demand for vegetables.

Drivers

Rising demand for vegetables.

Supportive government initiatives.

Industry Updates

In March 2019, Corteva separated from DowDuPont to form a leading agricultural company dealing in seeds and crop protection market.

In September 2018, Bayer AG acquired Monsanto with an aim to strengthen their agricultural division.

The major players profiled in the Vegetable Seed market include W. Atlee Burpee & Co., Mahindra Agri Business Pvt. Ltd., Bayer AG, Takii & Co. Ltd., Syngenta, Sakata Seed, America, Kitazawa Seed Company, Corteva , Limagrain, and Monsanto Company.

Segmentation

The Vegetable Seed market has been analyzed through the following segments:

By Type

Solanaceae
Brassica
Root Bulb
Leafy
Others

By Farm Type

Indoor
Outdoor

By Trait

Conventional
Genetically Modified

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others