Global Commercial Seed Market is accounted for $50.04 billion in 2021 and is expected to reach $81.94 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Commercial seeds are utilized to reduce soil erosion on cropland; improve the productivity of pasture and grazing lands; and protect, create and restore wetlands. They are extensively utilized as animal feed to enhance the volume and quality of crops and hay production, grazing, and cover cropping.
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By geography, Asia Pacific is projected to hold the largest share in the market. Growing alertness levels among the crop producers about the benefits of improved seed usage (seed replacement ratio) and governing bodies’ promotional activities regarding the usage and supply of improved seeds are projected to drive the increasing demand for the commercial seed industry.
Some of the key players profiled in the Commercial Seed Market include Bayer Crop Science AG, Dlf-Trifolium A/S, Groupe Limagrain, KWS Saat SE, Land O’lakes, Inc., Monsanto Company, Rallis India Limited, Sakata Seed Corporation, Syngenta AG, Takii, The Dow Chemical Company, Vilmorin, and Cie SA.
Types Covered in Commercial Seed Market
• Genetically Modified Seeds/Biotechnology Seeds
• Conventional Seeds
Crop Types Covered:
• Cereals & Grains
• Oilseeds
• Fruits & Vegetables
Ownerships Covered:
• Non-Proprietary Seeds
• Proprietary
Applications Covered:
• Retail
• Wholesale
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