The global market for vegetable seeds is predicted to exceed USD 14.5 billion by 2028, with a compound annual growth rate (CAGR) of around 10.35% between 2022 and 2028. Throughout the forecast period, the study investigates the global vegetable seeds market’s drivers, restraints/challenges, and impact on demand. In addition, the paper looks into possible opportunities in the vegetable seed sector.
Vegetable Seeds Market: Overview
A seed is a developing plant that has an exterior shell and an internal food reserve. Seed development represents reproduction in seed-producing plants. Vegetable seeds are crop seeds or embryos that can be grown in agricultural fields or gardens and sold as herbs or vegetable seeds on the market. Vegetable seeds include beans, peas, cabbage, carrots, peppers, and other legumes. Vegetable seeds are becoming increasingly popular on the global market since they require fewer resources to manufacture.
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Acres of land, a steady supply of water, and heavy machineries such as a tractor-trailer, ripper machines, disc harrows, and other equipment are often required for any agricultural operation in order to produce crops in sufficient quantity and quality. Crop production is expensive since it necessitates a large number of resources and man-hours on a constant basis. They take up very little space and can be grown in gardens outside the farmers’ dwellings. They require only a small amount of water and do not require the use of truckloads of other resources, which is why they are gaining popularity among people who do not have the financial or non-financial resources to invest in large agricultural projects but can invest in these less time and resource-intensive projects.
Vegetable Seeds Market: Segmentation
The global vegetable seeds market is divided into four sections: form, kind, characteristics, crop type, growing method, and region.
On the global market, there are two types of hybrids: open-pollinated and hybrids. Because of the variety provided by the seed, the open-pollinated segment has now dominated the global market. Yet, if research activities increase, hybrid seeds could bring enormous revenue. The global hybrid seed market is anticipated to be worth USD 62.3 billion by 2026.
The global market is segmented into organic and inorganic segments based on form. Because of the expanding trend of organic food culture, the organic category is likely to develop significantly during the projected time. The global organic food business is expected to increase at a CAGR of 13.9% to USD 437 billion by 2028.
The global market is divided into four groups based on crop type: roots and bulbs, Solanaceae, cucurbit, leafy, brassica, and others. Tomato, eggplant, potato, and pepper seeds from the Solanaceae family are in high demand globally. Tomato hybrid seeds are growing in popularity. The high seed replacement rate of 99.32% also adds to rising tomato demand.
Vegetable Seeds Market: Competitive Analysis
The global vegetable seed market is dominated by players like Bayer CropScience Ltd, Takii Co., Ltd, Enza Zaden, Rijk Zwaan Zaadteelt en Zaadhandel B.V, Mahyco Private Limited, K Agri Genetics Limited, East-West Seed Company Ltd, Bejo Zaden BV, VNR Seeds, and Syngenta AG
The global vegetable seed market is segmented as follows:
By Crop Type
Roots And Bulb
By Cultivation Method
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