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.
Seeds Market is segmented by type, by product and by geography. Based on type, the market is classified into Oilseeds, Cereals & Grains and Fruits & Vegetables. Based on product, the market is categorized as Grain Seeds and Oilseeds, Fruit and Vegetable Seeds and Other Seeds. Based on geography, market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America was the largest regional market for seed treatment. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.