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A seed is a small embryonic plant enclosed in an outer covering, known as the seed coat, which helps in protecting the embryo. It plays a vital role in the reproductive process of plants by performing various functions such as providing nourishment to the embryo, dispersing to new locations and dormancy in unfavorable weather conditions. A rapid increase in the global population and consequent rise in the demand for food have created a positive impact on the sales of the enhanced seed varieties worldwide. According to IMARC Group, the global seeds market reached a value of US$ 66.9 Billion in 2018, exhibiting a CAGR of 7% during 2011-2018.
The global seeds industry is highly concentrated due to the monopoly of the top 5 seed companies in the market. These key players include:
1- Monsanto Company
3- E.I. du Pont de Nemours and Company (DuPont)
4- Syngenta AG
5- Dow Chemicals
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.