Global Conventional Seeds Market Size By Service Type, By Seed Type, By End-Use Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Conventional Seeds Market Size By Service Type, By Seed Type, By End-Use Application, By Geographic Scope And Forecast
Conventional Seeds Market Size And Forecast
Conventional Seeds Market size was valued at USD 50.6 Billion in 2023 and is projected to reach USD 69.10 Billion by 2030, growing at a CAGR of 5.0 % during the forecast period 2024-2030.
Global Conventional Seeds Market Drivers
The growth and development of the Conventional Seeds Market is attributed to certain main market drivers. These factors have a big impact on how integrated gas systems are demanded and adopted in different sectors. Several of the major market forces are as follows
- Global Population Growth As a result of the world’s population continuing to rise, there is an increasing need for food. Conventional seeds are essential in fulfilling this need because they serve as the basis for staple crops.
- Food Security By providing dependable and tested crop varieties, conventional seeds help to ensure food security. Because conventional seeds are stable and consistently perform well in a range of environmental circumstances, farmers frequently choose them.
- Regulatory Environment Genetically modified organisms (GMOs) may be subject to limitations or consumer preferences in some areas. This generates a need for conventional seeds as a substitute for farmers who wish to abide by these rules or satisfy particular consumer demands.
- Biodiversity Concerns Concerns regarding the possible effects of genetically modified crops on biodiversity have been voiced by some farmers and conservationists. In order to preserve and advance genetic variety in agriculture, conventional seeds are preferred.
- Demand for Seed Replacement The conventional seeds industry is driven by the need to replace outdated seed varieties with more modern, enhanced kinds that provide greater yield, disease resistance, and climate adaptation. Farmers frequently look for traditional seeds with a track record of success.
- Emerging Markets Conventional seeds continue to be widely used in developing nations where the adoption of technology is delayed or where there are reservations regarding the use of genetically modified organisms. The need for conventional seeds is fueled in part by the expansion of agriculture in these developing markets.
- Resistance to Diseases and Pests Resistance to certain diseases and pests is a common feature of conventional seeds. There is a growing need for conventional seeds with resistance features integrated in as these issues continue to impact crop production.
- Consistent Performance Over time, conventional seeds are renowned for their consistent performance. For some crops, when reliable output and quality are more important than implementing the newest genetic alterations, farmers could favor them.
- Cultural and Ethical Considerations Farmers’ decisions may be influenced by cultural and ethical considerations. Traditional farming methods and seeds may be preferred in some communities and areas, which could result in a persistent market for conventional seeds.
- Improved Seed Varieties Are Available As a result of ongoing research and development into traditional breeding methods, improved seed varieties are now available. It is probable that farmers will use these cultivars in order to increase yield without using genetic engineering.
Global Conventional Seeds Market Restraints
The Conventional Seeds Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are
- Limited Innovation When it comes to introducing novel features, including tolerance to unfavorable climatic conditions or resistance to particular pests, traditional seeds may not be as innovative as genetically modified seeds. Their ability to compete in the market may be impacted by this restriction.
- Reduced Yields In some circumstances, the yields of traditional seeds may be inferior to those of their genetically modified equivalents. There can be pressure on farmers to switch to higher-yielding cultivars in order to meet the growing need for food production worldwide.
- Vulnerability to illnesses and Pests Conventional seeds may be more vulnerable to some illnesses and pests because they lack some of the genetically engineered resistance features. This weakness may result in lower yields and a greater need for pesticides, which would lower production all around.
- Climate Change Challenges Crops that can adapt to changing conditions are becoming more and more important as climate change continues to alter global weather patterns. In order to increase their resilience, genetically engineered seeds frequently include features that increase their appeal in the face of climate uncertainty.
- Regulatory Compliance In certain areas, laws and policies may encourage or support the usage of genetically modified seeds. These legal frameworks may provide difficulties for conventional seed producers to navigate, which could limit their access to markets and growth prospects.
- Customer Preferences Although some consumers favor conventional or organic products, the market for crops that have undergone genetic modification or bioengineering is expanding. The market for conventional seeds may be affected by changes in customer preferences for particular crop varieties or agricultural practices.
- Slow uptake in Developed Markets Because genetically modified seeds are so widely accepted, conventional seed uptake may be delayed in developed markets. In some areas, this may limit the market for conventional seeds’ potential for expansion.
- Land Availability and Fragmentation The adoption of conventional seeds may be impacted by the availability and fragmentation of arable land. In areas with a scarcity of arable land or dispersed land ownership, farmers might give priority to higher-yielding seeds in order to make the most use of their resources.
- Longer Development Time Compared to contemporary biotechnological techniques, the conventional breeding procedure frequently takes longer to generate and sell new seed varieties. This extended period of development could impede the timely release of enhanced conventional seed types.
- Competitive Pressure from GM Seeds The market for conventional seeds may face difficulties from genetically modified (GM) or biotech seeds. Some farmers may favor GM seeds because they may provide benefits like increased resistance or greater nutritional value.
Global Conventional Seeds Market Segmentation Analysis
The Global Conventional Seeds Market is Segmented on the basis of Service Type, Seed Type, End-Use Application, and Geography.
Conventional Seeds Market, By Service Type
- Cereals Standard seeds for common cereal crops like wheat, rice, corn, barley, and oats are included in this section. These crops represent the foundation of many diets around the world and are essential to global food security.
- Oilseeds This group includes conventional seeds for oilseed crops such as cottonseed, soybeans, sunflowers, and canola. These crops contribute to a variety of industrial and food applications and are necessary for the production of oil.
- Fruits and Vegetables Traditional seeds for a large variety of fruits and vegetables, such as lettuce, tomatoes, peppers, cucumbers, and carrots. These seeds meet a variety of needs in the market for fresh products.
Conventional Seeds Market, By Seed Type
- Open-Pollinated Seeds The wind, insects, or other natural processes naturally pollinate these seeds. They may have more variable features, but they are frequently more genetically varied.
- Heirloom Seeds These are seeds that have been inherited while retaining particular qualities and attributes from previous generations. Because of their cultural and historical importance, heirloom seeds are frequently highly valued.
- Hybrid Seeds Traditionally, hybrid seeds are produced by carefully combining two distinct parent plants. Certain beneficial qualities, including higher yield or resistance to disease, are well-known about them.
Conventional Seeds Market, By End-Use Application
- Commercial Farming Vast-scale commercial farms produce vast quantities of crops using conventional seeds.
- Smallholder Farming These seeds are designed to meet the needs of subsistence or small-scale farmers, with a focus on regional varieties and customary agricultural techniques.
Conventional Seeds Market, By Geography
- North America This section covers market trends, obstacles, and possibilities unique to the region for conventional seeds.
- Europe The market for conventional seeds is impacted by regional differences in customer preferences, farming practices, and climate.
- Asia-Pacific The region’s market for conventional seeds is shaped by a variety of agroclimatic zones, crop preferences, and regulatory frameworks.
- Latin America The market for conventional seeds is influenced by socioeconomic variables, land availability, and agricultural techniques in the region.
- Middle East and Africa The market for conventional seeds is shaped in part by elements including traditional farming methods, desert agriculture, and water shortages.
Key Players
The major players in the Conventional Seeds Market are
- BASF SE (Germany)
- Bayer AG (Germany)
- Syngenta Group (Switzerland)
- KWS SAAT SE & Co. KGaA (Germany)
- Land O’Lakes, Inc. (U.S.)
- Sakata Seed Corporation (Japan)
- Groupe Limagrain (France)
- Takii & Co., Ltd. (Japan)
- BrettYoung Seeds Ltd. (Canada)
- Barenbrug Holding B.V. (Netherlands)
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE & Co. KGaA (Germany), Land O’Lakes, Inc. (U.S.), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Takii & Co., Ltd. (Japan), BrettYoung Seeds Ltd. |
| Segments Covered | By Service Type, By Seed Type, By End-Use Application, and By Geography. |
| Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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