DUBLIN--(BUSINESS WIRE)--The "Seed Industry in India: Market Trends, Structure, Growth, Key Players and Forecast" report has been added to Research and Markets' offering.
The Indian seeds market reached a value of more than US$ 3 Billion in 2016, exhibiting a CAGR of around 17% during 2009-2016.
The agricultural sector is highly dependent on the availability and quality of seeds for a productive harvest. Therefore, in order to increase the quantity and quality of produce, efforts are made to introduce enhanced varieties of seeds with the help of advance technology and modern agricultural methods. In India, agriculture is the dominant occupation, which secures abundant opportunities for seeds market in the region.
The Indian seed market has witnessed a major restructuring as a result of the implementation of some progressive policies by the government. Seed Development, 1988 and National Seed Policy, 2002 have helped in strengthening the Indian seed industry in the areas of R&D, product development, supply chain management and quality assurance. Owing to this, India has emerged as the fifth largest seed market across the globe. Moreover, the active participation of both, public and private sectors has also played a vital role in laying a strong foundation of the industry.
This includes launching initiatives to promote the use of hybrid seeds among the farmers who had earlier used outmoded open pollinated varieties. Some other growth-inducing forces, such as growth in income levels, commercialization of agriculture, patent protection systems and intellectual rights over plant varieties, have given a great push to the market.
Owing to these factors, the Indian seeds market is further expected to grow at a CAGR of more than 15% during 2017-2022, reaching a value of more than US$ 7 Billion by 2022.
Key Aspects Analysed:
- Trends and dynamics in the Indian seeds market.
- Major seed types and their current and future market potential.
- Key drivers/restraints and their impact on the current and future market scenario.
- Examination of the competitive landscape.
Types of Seeds Covered in This Report:
- Grain seeds
- Oil seeds
- Vegetable seeds
- Fruit seeds
Major Regions Covered in This Report:
- North India
- West India
- South India
- East India
Focus of the Analysis:
- Overview
- Historical and current market scenario
- Market trends
- Market forecast
For more information about this report visit https://www.researchandmarkets.com/research/ffc43l/seed_industry_in
