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Global fruit seeds market: $12.9 billion industry forecast by 2018

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Fruit & Vegetable Seed Market: Global Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-28 22:37:01
The fruit seeds market and vegetable seeds industry was $6,276.5 million in 2012 and is projected to reach $12,961.3 million by 2018, growing at a CAGR of 12.8% from 2013 to 2018. Increasing demand and decreasing arable land are pulling the global market upwards. This market is driven by many reasons, such as the profitability margin in this segment, adoption of precision farming & protected agriculture, change in farming practices & technology, and high returns on investments with certified seed.

Europe had the largest share in the market and was $2,199.2 million in 2012 and is projected to grow at a CAGR of 12.8% during the forecast period. Latin America is the fastest growing fruit and vegetable seed market with a CAGR of 13.4%.

The market is dominated by few global players, such as Monsanto (U.S.), Syngenta (Switzerland), Bayer CropScience (Germany), Limagrain (France), Takii & Co. Ltd (Japan), Sakata Seed Corp (Japan), and Rijk Zwaan (The Netherlands), etc. Agreements and partnerships between seed manufacturers and agriculture input companies have given new dimensions to this market; thus, leading its future growth.

Solanaceae seed covers the largest market share of fruit and vegetable seed market. Tomato is the most dominating crop in this segment and is followed by pepper and eggplant. The increased consumption of tomato and pepper is one of the most important reasons, to raise this seed segment.

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