PUNE, India, November 11, 2016 /PRNewswire/ --
The report "Fruit & Vegetable Seeds Market by Type (Brassica, Cucurbit, Leafy, Root-bulb, and Solanaceae), Trait (GM and Conventional), Form (Organic and Inorganic), Farm type (Indoor and Outdoor), and Region - Global Forecast to 2022", published by MarketsandMarkets, the global Fruit & Vegetable Seeds Market is projected to grow at a CAGR of 8.10% from 2016 and reach USD 14.00 Billion by 2022.
Browse 64 market data tables and 48 figures spread through 134 pages and in-depth TOC on "Fruit & Vegetable Seeds Market - Global Forecast to 2022"
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A rise in need for food for the growing population, and factors such as demand for nutritional food, environment friendliness, innovative production practices, new product offerings, and advent of modernization of agriculture has lead to the growth of the market for seed industry, globally. Fruit & vegetable seeds are used for high-quality crop yield for the increasing population and its growing food demand. Hence, fruit & vegetable seeds will be viewed as a business opportunity in the next six years. As a result, many multinational players have entered into the production of various types of fruit & vegetable seeds, which can be used for crops.
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Significant growth expected in the Solanaceae segment
Solanaceae belongs to the family of the flowering plants. Solanaceae includes plants, such as potato, eggplants, pepper, tomato, belladonna, nightshade, and others. The growth in this family of fruit & vegetable seeds has resulted in the development of active field of research for farmers globally. Leafy fruit & vegetable seed are projected to be the fastest-growing types in the next six years.
The conventional seeds segment projected to be the fastest-growing market during the forecast period
The conventional trait segment dominated the Fruit & Vegetable Seeds Market in 2015; it is projected to grow at the highest CAGR from 2016 to 2022. As consumer demands and expectations from the food industry continue to evolve, the opportunities for conventional seeds is also increasing. The use of conventional seeds is on rise following bans imposed on GM seeds by the European countries.
With an increase in consumption of fruits & vegetables and growth in demand for tropical and exotic fruits & vegetables in the developing countries, globally; this segment is likely to witness a growth by 2022.
Increase in need for food demand, high investment in R&D, and change in farming practices key to success in the Asia-Pacific region
Asia-Pacific is one of the largest contributors to the global fruit & vegetable seeds due to an increase in the usage of fruit & vegetable seeds through advanced agricultural techniques and rise in need for food demand in the countries. India, China, and Indonesia constituted the largest country-level markets in the Asia-Pacific region in 2015. High market penetration by the leading fruit & vegetable seeds companies, for enhancing the agricultural growth and productivity are the main factors influencing the growth of the Fruit & Vegetable Seeds Market in Asia-Pacific.
The Fruit & Vegetable Seeds Market report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Bayer CropScience (Germany), Syngenta AG (Switzerland), Monsanto (U.S), Groupe Limagrain (France), and Sakata Seed Corp (Japan); these are well-established and financially stable players that have been operating in the industry for several years. Other players include Advanta Limited (India), Takii & Co. Ltd. (Japan), Mahindra Agri (India), and Western Bio Vegetable Seed Pvt. Ltd. (India).
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