Influx of Genetically Modified Seeds Will Be the Key Trend in the Global Seeds Market through 2019: Technavio

Technavio says increased adoption of genetically modified seeds will boost the Global Seeds Market, which is expected to post a CAGR of 11.04 percent from 2014-2019.

Increased demand for food production and a rise in agricultural challenges has paved the way for the adoption of high-quality, high-performing genetically engineered and hybrid seeds. To meet this demand, vendors have increased investment in R&D to improve the quality of seeds.

“Although traditional seeds occupy a large market share, biotech seeds with better traits are gaining wide acceptance among farmers,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report emphasizes the growing use of seeds with advanced traits. The rise in the global population has increased the demand for high-quality seeds with better yield in recent years.

Cultivation of seeds with traits like herbicide and disease resistance, abiotic stress tolerance, modified quality pollination control system and insecticide resistance are expected to boost the market growth. A rise in cultivation of hybrid soybean and corn seeds is also fuelling growth as these seeds are highly resistant to pests and herbicides.

“Vendors are increasingly developing seeds with specific traits that enhance yield for market and minimize crop losses,” says Ghaus.

Technavio currently has more than 3000 market research reports on a huge range of topics, including:

• Seed Treatment Market in APAC Region 2015-2019
• Hybrid Seeds Market in India 2015-2019

About Technavio

Technavio is a leading global technology research and advisory company.

Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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