The Global Seed Market is estimated to be growing at a CAGR of 9.20%,owing to increasing consumption of animal fodder
Hyderabad, India -- (SBWIRE) -- 01/26/2018 -- The Seed market is developing at a significant rate due to the rising demand for food and feed and rapid decline in arable land. High yielding cultivars/seeds along with other agricultural inputs such as crop protection products, fertilizers, and irrigation are being used to attain optimum utilization in the agriculture sector.The Global Seed Market was worth $64.10 billion in 2016 and estimated to be growing at a CAGR of 9.20%, to reach $99.53 billion by 2021.
Farmers depend on the seed business to give seeds that bring significant returns and help diminish the cost of generation. The worldwide worries about contamination are driving the expansion in the utilization of biofuels. Biofuel offers different preferences when contrasted with non-renewable energy sources as far as lessening contamination, which is one of the essential reasons of governments taking up activities to create biodiesel.
North America accounted for the largest share in the global Seed market, accounting for around 36% of the global market followed by Europe. The Asia-Pacific market, which is mainly driven by China and India is expected to offer profitable growing prospects, owing to the substantial upsurge in population.
Browse full research report with TOC on "Seed Market by Crop Type (Oilseed-soybean, sunflower, cotton, canola; Grain seed-corn, wheat, rice, millet crops; Fruit & Vegetable-tomato, melon, carrot, onion, pepper, lettuce; Other seed-alfalfa, turf, clover & forage plants, flower seed), by Seed Trait (Herbicide Tolerant, Insect Resistant, and Other Stacked Traits)" at: https://www.marketdataforecast.com/market-reports/global-seed-market-523/
Market Data Forecast has segmented the global seed market on the basis of, Crop Type, Seed Trait and region:
Crop Type Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021) Oilseed-soybean, sunflower, cotton, canola; Grain seed-corn, wheat, rice, millet crops; Fruit & Vegetable-tomato, melon, carrot, onion, pepper, lettuce; Other seed-alfalfa, turf, clover & forage plants, flower seed
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Seed Trait Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021) Herbicide Tolerant, Insect Resistant, and Other Stacked Traits
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Regional Outlook (Volume, Kilograms, Revenue, USD Thousands; 2016 - 2021) North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Further Key Findings from the Report Suggest:
North America is expected to lead the market amid the gauge time frame, trailed by Asia-Pacific area.
The natural product and vegetable harvests section is expected to demonstrate most noteworthy development rate in worldwide seed advertise by edit, enrolling a CAGR of 3.5% from 2016 to 2021.
The treated seeds section enlisted the most astounding development rate, regarding volume, in 2016.
In the year 2016, South Africa represented 5.0% offer, in the MEA seed advertise as far as volume.
UK represented 9.9% offer, regarding income, in the European seed showcase, in 2016.
India is expected to develop at the most elevated CAGR of 4.4% amid the gauge time frame.
Browse related reports by Market Data Forecast: Oil Seed Market –https://www.marketdataforecast.com/market-reports/oilseed-market-5738/
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