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Growing population drives global seeds market

The global seeds market accounted for $23.65 billion in 2014 and is poised to reach $55.3 billion by 2022 growing at a CAGR of 11.2% from 2014 to 2022. There is huge demand for the seeds market due to growing population, technology driven agricultural farming and widespread use of biotechnology in seed development. The factors that are influencing the market growth are huge investments in R&D, change in science and technological advancements. Whereas factors such as high barriers to market entry and increased commodity prices are limiting the growth of the market.

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