June 10, 2019
Global Organic Seed Market is projected to reach around US $5.35 billion by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
Burgeoning demand for naturally sourced products is one of the fundamental factors which is projected to impel the growth of the entire organic seed industry in the coming seven to eight years. Producers or farmers must use formerly grown seeds instead of non-formerly or non-originally farmed untreated seeds, in order to certify the seeds as organic. In the absence of an equivalent, planting stocks can be used for the production of organic crops.
Organic plant breeding in numerous industrialized nations has increasingly been implementing molecular techniques. Transgenesis and Cisgenesis are among the newly introduced techniques for breeding which have played a pivotal part in enhancing the availability of improved hybrid organic seeds. As per the recent findings, SoW-1 is a new GM (genetically modified) seed breed that has been highly trending in the industry. The product value of genetically modified seeds has surged by over 25 times in between the years 1996 and 2017, from US $280 million to about US $7,275 million. Countries growing significant acreages of the GM crops include the US, Argentina, China, India, South Africa and Brazil, cites the study.
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According to the study, several initiatives have been promoted for the formal and informal seed systems. For instance, the African Union has been supporting its member countries for higher integrated approaches towards the development of hybrid seed systems. Furthermore, multiple standards for organic seed development have been formulated in many European nations to boost up local production as well as sales of the organic seeds in the region. These regulatory developments, together with technological enhancements in seed breeding, have significantly influenced the industry, besides offering new opportunities for the growth of the seed farming business.
Speaking of the product spectrum, the global organic seeds market is fragmented into fruit & nut seeds, vegetable seeds, and field crop seeds. The vegetable seeds are further classified into MOS (Mannan-Oligosaccharide), FOS (Fructo-Oligosaccharide), GOS (Galacto-Oligosaccharide), and others.
Based on the geographical presence, the global organic seeds market consists of five major regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America market is further divided into the United States and Canada, while the European region comprises the United Kingdom, France and Germany. The Asia Pacific market covers India, Japan and China, and the South American market includes Brazil and Mexico.
Reportedly, Europe held the biggest market share in the year 2017, and the demand for these products is slated to augment significantly in the region in the following years as well, owing to the increasing organic farming land. The burgeoning production as well as higher penetration of these products in the European region can be attributed to the high growth rates of the Czech Republic, Spain, and Poland.
The leading global organic seeds market players enumerated in the report are Renee’s Garden, Fleuren, Farm Direct Organic Seeds, Baker Creek Heirloom Seeds, Arnica Kwekerij, Vitalis Organic Seeds, Kusa Seed Society, High Mowing Organic Seeds, Wild Garden Seed, Mass Plant, HILD Samen, Fedco Seeds, De Bolster, Seed Savers Exchange, Navdanya, Wild Garden Seeds, Rijk Zwaan, Johnny’s Selected Seeds, Territorial Seeds Company, and Southern Exposure Seed Exchange.