The drought-tolerant seeds market is a part of the genetically modified seeds market. The rapid development in genetically modified seeds by biotech companies around the globe shows the upcoming growth opportunities in the drought tolerant seeds market. The scarcity of water or drought accounts for the maximum amount of losses of the potential yield crops every year across the globe. This leads to an increase in demand for the drought tolerant seeds market globally. Agricultural product innovation and adoption of modern techniques in agriculture will foster the global drought tolerant seeds market during the forecast period. The drought tolerant seeds offer the farmers to use natural resources efficiently. The drought tolerant seeds are water-efficient and help the farmer to grow crops with less amount of water. The drought tolerant seeds greatly contribute to food security during the drought. These factors will result in the increased demand for drought tolerant seeds by the farmers and hence drive the global drought tolerant seeds market.
Drought Tolerant Seeds Market – Trends, Opportunities and Restraints/Challenges
The technological advancements in biotechnology are expected to be a propellant for the growth of the drought tolerant seeds market across the globe. Further, the adoption of the gene modification process in seeds is helping in better crop yield and thus driving the drought tolerant seeds market.
The conventional agricultural seeds are replaced rapidly by the genetically modified seeds as the conventional seeds were not able to produce better yield to meet the constantly growing demand. This factor also leads to the growth of genetically modified seeds like drought tolerant seeds market. The research works of the independent research bodies like the WHO, The American Medical Association, Royal Society of Medicine, etc. also certifies the genetically modified seeds as safe and nutritious for human and animal health. This boosts the confidence among the users of the seeds like drought tolerant seeds.
Drought tolerant seeds corn/maize is the primary focus for all the biotech companies because the corn is an important raw material for a large number of processed foods. Corn is also a vital animal feed and its demand is growing as it is used to make ethanol for use in alternative fuels.
The lack of awareness regarding the drought tolerant seeds among the farmers may hamper the growth of drought tolerant seeds market. Apart from the drought, there are many other problems a crop has to face like it is vulnerable to disease, the use of pesticides, and insecticides. So these are the certain bottleneck that has to be overcome by the companies involved in producing drought tolerant seeds.
Key segmentation of the Drought Tolerant Seeds Market
The global drought tolerant seeds market can be segmented based on:
Drought Tolerant Seeds Market Segmentation Based On Seed Type:
- Fruit Seed
- Vegetable Seed
- Grain Seed
- Oil Seed
Drought Tolerant Seeds Market Segmentation Based On Sales Channel:
- Direct Sales
- Retail Outlets(Offline)
Drought Tolerant Seeds Market Segmentation Based On Crop Type:
Drought Tolerant Seeds Market – Regional Outlook
The growing concern for food security along with rising global population is expected to boost the global drought tolerant seeds market in Asia Pacific. North America is anticipated to be a substantial market for drought tolerant seeds as it is the leading market for genetically modified seeds market. North America has a substantial crop area cultivated with the help of advanced agricultural technologies. In North America farming is mainly done by private players having a huge capacity for application of drought tolerant seeds. Asia Pacific is another significant market for drought tolerant seeds just after North America. Asia mainly consists of agricultural countries that acquire the top position in the cultivation of various crops.
Key players of the drought tolerant seeds market
The key players of the drought tolerant seeds market are constantly involved in research and development activities to expand their share in the global drought tolerant seeds market. Several manufacturers have also initiated collaborations to strengthen their share in the market. The main players of the drought tolerant seeds market are as follows:
- Bayer CropScience
- BASF SE
- Nuseed Pty Ltd.
- Calyxt Inc.
- Stine Seed Farm Inc.
- Maharashtra Hybrid Seed Company(MAHYCO)
- R. Simplot Co.
- Jk Agri Genetics Ltd.
- Pioneer Hi-Bred International Inc.
- Cyanamid Agro Ltd.
The research report presents a comprehensive assessment of the Drought tolerant seeds market and contains thoughtful insights, facts, and historical data, as well as statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Drought tolerant seeds market segments such as geography, product type, and end-use industry.
The Drought tolerant seeds market report covers exhaustive analysis on:
- Drought tolerant seeds Market Segments
- Drought tolerant seeds Market Dynamics
- Drought tolerant seeds Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Drought tolerant seeds market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan, and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- The Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Drought tolerant seeds market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with Drought tolerant seeds market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Drought tolerant seeds market segments and geographies.
Drought tolerant seeds Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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