Last updated on April 17, 2014 at 15:58 EDT

Global Commercial Seeds Market is Expected to Reach USD 53.32 Billion in 2018: Transparency Market Research

July 11, 2013

ALBANY, New York, July 11, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Commercial (Conventional and Biotech/GM)
Seeds Market for Soybean, Corn, Cotton and Others – Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012 – 2018,” the global commercial seeds market was valued
at USD 34.50 billion in 2011 and is expected to reach USD 53.32 billion in 2018, growing
at a CAGR of 6.5 % from 2012 to 2018. The bioseeds market was valued at USD 15.60 billion
in 2011 and is expected to reach USD 30.21 billion in 2018, growing at a CAGR of 9.9% from
2012 to 2018.

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Rapid development of bioseeds, also known as Genetically Modified (GM) seeds is one of
the primary factors affecting the growth of the commercial seeds market. The growing
population coupled with decreasing arable land is a key driver influencing the acceptance
of GM seeds in the world. In spite of all the mentioned advantages of GM seeds, there is
strong resistance to the development of this market due to the safety hazards associated
with bioseeds. Certain varieties of GM seeds are said to be harmful to the ecological
system and can lead to depleted soil in terms of its nutritional value.

Corn was the largest seed grown commercially, and accounted for over 40% of the global
seed consumption in 2011. Growth in this market is primarily fuelled by the use of corn in
the manufacturing of ethanol which is an alternate fuel type. The commercial corn market
is expected to reach USD 24.26 billion in 2018. Soybean, vegetable and cereals are the
other largely consumed seeds and accounted for over 35% of the global consumption in 2011.
North America was the largest market for commercial seeds accounting for over 30% of the
total market in 2011. Asia Pacific and Latin America are expected to show the fastest
growth over the forecast period owing to the evolving methods of farming in these regions.

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Soybean was the largest consumed bioseed and generated revenue of USD 6.71 billion in
2011. The use of soybean as animal feed is the major reason for growth in this market.
Maize (corn), canola and cotton are the other commercially produced bioseeds. In the GM
seeds category, corn is expected to dominate the market over the forecast period growing
at a CAGR of 10.6% from 2012 to 2018. North America dominated the bioseeds market in 2011,
accounting for over 30% of the global consumption. Bioseed demand is expected to grow
significantly in emerging nations of Asia Pacific and Latin America from 2012 to 2018 due
to increasing crop consumption and the absence of uniform regulatory guidelines for GM

Key participants in the seeds market include Monsanto, DuPont, Syngenta, Vilmorin and
KWS among others. The report profiles the above mentioned companies along with a detailed
market share analysis of the companies.

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The report includes a detailed analysis of the seeds market in terms of revenue. In
addition, the study covers the demand forecast of each form of commercial and GM seeds in
various regions such as North America, Latin America, Europe, Asia Pacific and Rest of
World. The report comprises of the following segment:

Commercial Seeds: Product Segment Analysis,

        - Maize (Corn)
        - Soybean
        - Vegetables
        - Cereals
        - Cotton
        - Rice
        - Canola
        - Others (Sunflower, Sugar beet)

Bioseeds (GM Seeds): Product Segment Analysis,

        - Maize (Corn)
        - Soybean
        - Cotton
        - Canola

The report comprises of commercial seeds and bioseeds market revenue for every seed
type in the following regions:

        - North America
        - Europe
        - Asia Pacific
        - Rest of World

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