Outlook of the seeds market in Europe
According to the market research analyst at Technavio, the seeds market in Europe will grow progressively at a CAGR of around 10% by 2020. The rising demand for biofuels will be one of the key factors contributing to the growth of the market during the predicted period. Biofuels are sourced from energy crops like wheat, soybean, corn, rapeseed, and sugarcane, which help in controlling pollution and the preservation of fossil fuels. Many government bodies encourage and promote the use of biofuels to curb growing environmental issues. Additionally, there will be investments in projects that aid in the production of sustainable biofuel feedstock, which, in turn, will fuel the growth of the seeds market in Europe. Furthermore, the initiation of various legislations that necessitate the consumption of biodiesel to reduce carbon footprint and control environmental pollution will help in the evolution of the market in the coming years.
One of the recent trends in the market is the growing usage of seeds with advanced generation traits. These seeds are being developed to meet the increasing demand for high-quality seeds with enhanced productivity. Manufacturers are investing in the cultivation of seeds with properties like herbicide and disease resistance, abiotic stress tolerance, and modified quality pollination control system. The production of these high-quality seeds, such as hybrid soybean and corn seeds, enhances the yield for the market and minimizes losses in the crop yield.
Competitive landscape and key vendors
In recent times, there has been an increase in the number of private companies entering the market with advanced technologies and innovative solutions. The level of competition in the market is augmented by the established vendors as they prefer to form mergers and acquisitions to increase their market shares. Manufacturers will also invest in the research and development of new traits that include crop protection products, biologicals, and various seed treatment methodologies. The large vendors in this market acquire the existing production facilities to expand their manufacturing capabilities to meet the growing global demand for food.
Key vendors in the market are -
- Bayer CropScience
- Groupe Limagrain
Other prominent players in the market include BASF, DLF, Gansu Dunhuang Seed, KWS Saat, Land O' Lakes, Mahyco Seeds, Sakata, and Takii Seed.
Segmentation based on product and analysis of the seeds market in Europe
- Grain seeds and oilseeds
- Fruits and vegetable seeds
During 2015, the grain seed and oilseeds segment dominated the market and accounted for almost 77% of the total market share. The growing demand for high yielding sunflower seeds in Europe has led to the growth of this segment. The constant rise in global population and the subsequent demand for food products will prompt manufacturers to produce seeds with high-quality traits and sustainable crops that can withstand adverse climate changes. Moreover, analysts predict that the development of herbicide and insecticide-tolerant traits in seeds will result in this segment’s growth during the forecast period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the seeds market in Europe?
- What are the key market trends impacting the growth of the seeds market in Europe?
- What are the challenges to market growth?
- Who are the key vendors in the seeds market in Europe?
- What are the market opportunities and threats faced by the vendors in the seeds market in Europe?
- Trending factors that are influencing the market shares of Europe.
- What are the key outcomes of the five forces analysis of the seeds market in Europe?