Seeds Market to Exhibit 4.6% CAGR and Generate $106,179.0 Million by 2031 | Research Dive
As per the report published by Research Dive, the global seeds market is predicted to generate a revenue of $106,179.0 million and rise at a CAGR of 4.6% during the analysis timeframe from 2022 to 2031.
Segments of the Seeds Market
The report has divided the seeds market into the following segments:
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Dynamics of the Global Seeds Market
The rising demand for quality seeds to produce high-yielding crops for the rapidly growing population across the globe is expected to bolster the growth of the seeds market throughout the analysis timeframe. Besides, the increasing awareness among farmers about the benefits of using high-quality seeds is expected to augment the growth of the market during the estimated period. However, the regulatory challenges over seeds may hamper the market's growth over the forecast period.
The increasing use of genetically modified seeds to boost crop productivity, diminish the use of pesticides, increase the resistance power of pests and diseases, and enhance the tolerance to environmental stresses is expected to create wide growth opportunities for the seeds market throughout the estimated period.
Covid-19 Impact on the Global Seeds Market
The rise of the Covid-19 pandemic has brought several uncertainties across various industries. It has also affected the growth of the seeds market. This is mainly due to the disrupted supply chains, and shortages of labor which led to creating logistic challenges for seed producers, distributors, and retailers. Moreover, the restrictions on movement and travel have brought several challenges for seed companies to meet the increasing demand for seed supply. Additionally, the disruptions in the availability of agricultural inputs such as pesticides, machinery, and fertilizers have further impacted seed production during the pandemic.
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Key Players of the Global Seeds Market
The major players of the market include
These players are mainly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to gain a leading position in the global industry.
For instance, in February 2023, Corteva, Inc., a major American agricultural chemical and seed company, announced the launch of Optimum® GLY canola, an advanced herbicide-tolerant trait technology. This trait is particularly designed to help canola farmers offer commercial planting across Canada and the United States with Corteva Agriscience seed brands such as Pioneer® and Brevant® seeds.
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What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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