Oilseed and Grain Seed Market Overview:
Market Research Future (MRFR) in their report on the Oilseed and Grain Seed Market growth predicted a substantial gain of CAGR during the forecast period (2022-2030). Oilseeds and grain seeds are necessary for agriculture. As the global population is increasing, the need for crops and other food associates is also going to rise. This can provide substantial scope for the market to grow. In addition, depletion of farming land due to the urbanization is spurring the need for production of such seeds. Demand for vegetable oils is on the rise due to which the oilseed and grain seed market can expect substantial thrust.
The Global Oilseed and Grain Seed Market Size is estimated to reach USD 244.11 billion, registering a CAGR of 4.2% from 2022 to 2030.
The Oilseed and Grain Seed Market Development is gaining substantially from the technological advancement which could trigger high growth in the coming years. Technologies have led to engineered seeds which promise better crop production in less time with a potential to solve the food crisis across the world.
Oilseed and Grain Seed Market Competitive Landscape:
Leading players, as per MRFR report on the global oilseed and grain seed market, include Dow AgroSciences LLC, Krishidhan Seeds Pvt. Ltd., Land o’Lakes Inc., Bayer CropScience AG, Limagrain, KWS Saat AG, DuPont de Nemours and Company, Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., and Burrus Seed Farm.
In 2018, BASF acquired few product rights from Bayer. The aim is to provide farmers with more weed control ability to help them develop healthy crops and seeds. From such a step oilseed and grain seed market can expect substantial benefit.
Oilseed and Grain Seed Market Regional Analysis:
MRFR in their region-specific analysis of the global Oilseed and Grain Seed Market included namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
North America and the APAC hold the maximum agricultural land is owing to which the oilseed and grain seed market can expect substantial market expansion. These two regions are also expected to dominate the market during the forecast period. In North America, it is the U.S. that is going to hold sway over the regional market. At the same time, the country hosts some of the market titans who can help it generate more revenue in the coming years. Strategic moves like merger and acquisitions are also going to help the market prosper.
The APAC region is traditionally an agriculture-centric region with huge land volume from India and China to support market growth. Apart from these two countries, there are several other countries like Thailand, Malaysia, and others who can get considerably back regional market growth. In addition, huge population of the region is also a major driving factor for the regional market. This is creating substantial demand for food which is pushing forward the need for oilseed and grain seed market. Governments in the region are also making favorable regulations to help the integration of technology. China’s rank as the second largest producer of oilseed and grain seed in the world could help the regional market grow further.
Oilseed and Grain Seed Market Segmentation:
MRFR, to assess the global Oilseed and Grain Seed Market Overview more closely segmented the market by type and seed type. The detailed volume-wise and value-wise analysis would help in having a better predictive analysis of the market in the upcoming years.
Based on the type, the global oilseed and grain seed market can be segmented into oilseed and grain seed. The oilseed segment includes soybean, sunflower, canola, and cotton, while the grain seed segment comprises corn, wheat, rice, and millet.
Based on the seed type, the global oilseed and grain seed market can be segmented into seeds with traits and other seeds. The seeds with traits segment include seeds with herbicide resistance and seeds with insecticide resistance.
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