The Incredible Growth of Commercial Seeds Industry 2021

 The global commercial seeds market size was estimated at USD 49.79 billion in 2017 and is expected to witness a CAGR of 8.1% from 2017 to 2025. The ability of commercial seeds to maximize crop yield whilst decreasing arable land is the significant factor driving the market growth. World population is anticipated to reach 10 billion by 2050.

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This is anticipated to drive the need for food, which in turn is expected to further drive the market. Also, rising disposable income per capita is anticipated to result in extensive and inefficient consumption of resources. This is expected to present a lucrative opportunity owing to the ability of commercial seeds to improve crop yield compared to farm seeds.

Commercial seeds are the seeds sown for production of an intended crop or used as animal feed or industrial raw material. The increasing global population is escalating the demand for commercial seeds. As commercial seeds yield higher output, the declining global arable land due to rapid urbanization acts as a driver for the demand of commercial seeds . However, factors restraining the global commercial seeds market include hue and cry amongst the common masses in the developed countries against the production of genetically modified crops as they believe it affects the human health due to their altered genes.

New advancements in molecular biology have facilitated cheaper and faster mapping of genetic codes of plants. Farmers can efficiently cope with major agricultural challenges, such as high demand by increasing their production through Genetically Modified (GM) seeds. As a result, there is a significant demand for biotechnology seeds owing to their great efficiency in agricultural production.