DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Seed Market - Growth, Trends and Forecasts (2016 - 2021)" report to their offering.
The global commercial seed market is projected to reach $73.6 billion by 2021, thereby witnessing a growth of CAGR 9.9%. Commercial seeds are referred to the seeds sown for production of crops, use for animal feed or other in other industries as raw materials.
The increasing global population is escalating the demand for food and thereby increased use of seeds. The global commercial seed sector is intended to grow at a faster pace due to its higher performance in terms of higher yield and output in the time of shrinking arable land globally. In addition, rising demand of bio-fuels is exerting pressure on agriculture to increase production of crops such as Corn, which is a key ingredient in ethanol production. While the demand for commercial seeds will continue growth due to high demand in developing regions and technological advancements, the regulatory and safety concern over GM crops and high R&D cost may hinder the market growth.
The global commercial seed market is classified on the basis of type and geography. The market is broadly classified into conventional crops and biotechnology/GM crops which are then further segmented into various crop types.
Major industry players active in the commercial seed market globally are- Monsanto Company, DuPont, Syngenta AG, Dow AgroSciences LLC, Land OâLakes Inc., and Bayer CropScience. The market is fairly concentrated among five major players where in the companies follow merger and acquisitions strategy to expand the business and operations.
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/plqvl4/global_commercial