GURUGRAM, India, Oct. 7, 2019 /PRNewswire/ --
- Increasing number of investments from international companies in the Brazil seeds industry and their partnerships with government entities will help expand the seeds market revenue as well as production volume within Brazil in the near future
- The rising awareness about the benefits of high technology hybrid seeds is also a major favorable factor driving seed sales over long term
- The continuous efforts of the government to develop domestic farmers and expand the harvesting area under crop cultivation to meet the rising market demand is projected to surge the consumption of seeds in the country, thereby resulting in increased market revenues over future
Increasing Number of Investments: Some of the leading seed breeding companies across the world have recognized the potential of agriculture in Brazil and have been investing in Brazil consistently for a significant amount of time. This has led to the development of the industry and widespread use of seeds from organized players in the market. Emphasis on innovation, research and development through heavy investment especially in the crops of corn, soybean, tomato, melon, chili, onions and other major vegetable and non-vegetable crops is anticipated to support the revenues of the players offering seeds for producing crops in Brazil.
The rising GDP of the country is expected to increase the demand for meat sources of protein which is the preferred food in Brazil. This will naturally lead to an increase in crops that serve as animal feed such as soybean for pigs, corn for chicken and other seeds. The market is also projected to witness a rise in the demand for fruits and other horticulture crops because of the same reason. In accordance with the Central Bureau of Statistics Brazil, agriculture sector contributed around 5.0% of the country's GDP as of 2018. It is further expected to grow in future.
Rising awareness about benefits of hybrid seeds: The Brazilian population is becoming more aware about the benefits of using hybrid and GM seeds. This also leads to farmers turning to more organized players as those are the companies that have invested enough in research and development to be able to provide significant benefits through their products. Activists in the field have set up organizations to carefully observe the working of these large companies to ensure that they do not practice unfair trade with farmers.
Analysts at Ken Research in their latest publication "Brazil Seed Market Outlook to 2023 – By GMO Seeds, Hybrid Seeds and Open-pollinated Seeds, By Vegetable (Tomato Seeds, Watermelon and Other Melon Seeds, Onion Seeds, Potato Seeds and Chili Seeds and Others) and Non-Vegetable Seeds (Soybean Seeds, Corn Seeds, Cotton Seeds and Others); and By Region" believe that by capping off on royalties earned by private companies for small farmers, investment in R&D to increase the yield of major crops, manage distribution network for widespread research, vegetable seeds gaining traction and educating farmers about the proper usage of seeds and its benefits are some of the factors driving the market. The market is expected to register a positive CAGR of 3.8% in terms of revenue and a CAGR of 13.8% in terms of production volume during the forecast period of 2019E–2023E.
Key Segments Covered
- By International and Domestic Players
- By Type of Seed
- Vegetable Seed
- By Type of Vegetable Crop
- Tomato Seeds
- Watermelon and Other Melon Seeds
- Onion Seeds
- Potato Seeds
- Chili Seeds
- Others (Lettuce, Melon, Green Peppers, Cucumber, Sweet corn and Cauliflower)
- By Type of Technology in Vegetable Seeds
- Open Pollinated
- Non-Vegetable Seed
- By Type of Non-Vegetable Seeds
- Soybean Seeds
- Corn Seeds
- Cotton Seeds
- Others (Rice, Wheat, Sorghum, Sunflower and rest)
- By Type of Technology in Non-Vegetable Seeds
- Hybrid Seeds
- Open Pollinated Seeds
- By Region
- Mato Grosso Do Sul
- Mato Grosso
- Rio Grande Do Sul
- Other Regions (Mineras, Ceara, Tocantins, Santa Catrina Sao Paulo, Rorema, Randona, Paraiba and Paraui)
Key Target Audience
- Seed Manufacturers
- Associations and industrial bodies
- Agricultural institutes and universities
- Regulatory institutions
- Agricultural Seed Distributors
- Government Agencies
- NGO's Supporting Agricultural Growth and Activities
- Venture Capitalists
- Online Sales and Retailing Agencies
Time Period Captured in the Report:
- Historical Period – 2013-2018
- Forecast Period – 2019-2023
Companies Covered in Brazil Seeds Market:
- Bayer AG
- Corteva Agrisciences
Key Topics Covered in the Report
- Latin America Seed Market Introduction
- Brazil Seed Market Introduction
- Value Chain Analysis of Brazil Seed Market
- Brazil Agricultural Scenario
- Brazil Seed Market Size, 2013-2018
- Brazil Seed Market Segmentation
- Trade Scenario for Brazil Seed Market, 2013-2017
- SWOT Analysis in Brazil Seed Market
- Trends and Developments in Brazil Seed Market
- Issues and Challenges in Brazil Seed Market
- Regulatory Framework in Brazil Seed Market
- Comparative Landscape in Brazil Seed Market
- Brazil Seed Market Future Outlook and Projections, 2019E 2023E
- Analyst Recommendations for Brazil Seed Market
For more information on the market research report please refer to the link below:
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The report provides a comprehensive analysis of the seeds market in India including market size, segmentation on the basis of hybrid and non-hybrid seeds, vegetable and non-vegetable seeds industry structure and regional and national players. The report also covers market in different aspects such as market size, segmentation of market on the basis of farm save and commercial seeds, import and export of seeds in the market. The report will help industry consultants, seed producing companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The market comprises of large companies such as Nuziveedu seeds, Monsanto India, Kaveri Seeds, Dupont Pioneer, Mahyco, Syngenta and others which possess a large product portfolio of seed products.
Ankur Gupta, Head Marketing
Ken Research Private Limited
SOURCE Ken Research