Spring Wheat Seed Market Scope
Wheat is one of the popular cereal grains in world commerce. It is grown for its grain, which is grounded into flour used to make products like bread and pasta. It is a major crop worldwide because of the wheat plant's agronomic adaptability allowing its crop production in varied climatic conditions. According to the Food and Agriculture Organization of the United Nations, world wheat production in 2018 was about 736 million tonnes, with a forecast of 2019 production at 766 million tonnes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Monsanto (United States), Syngenta (China), Limagrain (France), Bayer (Germany), DLF (Denmark), Other Players, Florimond Desprez (France), Australian Grain Technologies, KWS Saat (Germany), Nutrien AG Solutions (United States), Taj Agro Products (India), C & M Seeds (Canada) and Seed Co Group (Zimbabwe) |
CAGR | % |
Mergers and acquisitions among big players would spur greater combined seed research and innovations. With less competition, it would be in the interests of the combined firms to raise product prices. Owing to the supportive government regulations there are massive opportunities emerging for the new entrants. Research Analyst at AMA estimates that United States and Chinese Vendors will contribute to the maximum growth of Global Spring Wheat Seed market throughout the predicted period.
Monsanto (United States), Syngenta (China), Limagrain (France), Bayer (Germany), DLF (Denmark), Other Players, Florimond Desprez (France), Australian Grain Technologies, KWS Saat (Germany), Nutrien AG Solutions (United States), Taj Agro Products (India), C & M Seeds (Canada) and Seed Co Group (Zimbabwe) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Spring Wheat Seed market by Type , by Application (Agricultural Production, Research and Others) and Region with country level break-up.
On the basis of geography, the market of Spring Wheat Seed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2017, Corteva Agriscience was founded after the merger between DuPont and Dow.
Influencing Trend:
Growing requirements of spring wheat seeds providing food security worldwide
Market Growth Drivers:
Increased demand for protein-rich wheat-based products owing to the growing global population. and Need for high-quality seeds with high yielding rate, disease resistance, and shorter production cycle.
Challenges:
Increasing the adoption rate of high yielding spring wheat seeds by raising awareness among farmers regarding the merits of the new generation wheat seeds and In many countries of the region, seed marketing remains one of the weakest links in the seed supply chain, thus limiting farmer access to good quality wheat seed.
Restraints:
The inability of the farmers in developing countries to get the advantages of using quality seeds due to a combination of factors, including inefficient seed production, distribution, and quality assurance systems, as well as the lack of good wheat seed policies and other regulatory instruments.
Opportunities:
There is an increased opportunity for the diversification of agribusinesses catering to the surging demand of wheat globally. and Agro-retailers and agro-online platforms would benefit immensely owing to the sale of wheat-based products due to increased awareness about the health benefits of wheat.
Key Target Audience
Seed manufacturers, Seed distributors/traders, Seed importers/exporters, Agricultural investors, Regulatory and government bodies, Downstream vendors, Up-stream vendors, End users and Others