Grain Seed Market Analysis by Product Types, Growth Rate | 2027
Market Overview
The oilseeds market size will be expanding at a decent rate
from 2020 to 2027, believes Market Research Future (MRFR).
Major Boosters and Key
Barriers
The demand for oilseeds is also mounting on the back of the
huge demand for vegetable oil in the biodiesel sector. Emerging trend of
reduced dependency on traditional fuel and the tremendous growth of the biodiesel
industry raises the requirement for vegetable oil. This ultimately fosters the
demand for oilseeds. Most of the growth of the oilseed industry will be taking
place in emerging countries like Brazil, China, Malaysia, Indonesia, and India,
where the agriculture industry is extremely developed.
The Grain
Seed market could achieve major traction in the following years.
Oilseeds are highly sought-after crops in the agricultural industry,
experiencing substantial demand in conjunction with the exploding world population.
But the global oilseeds market could witness some obstacles in the form of huge
supply demand gap caused owing to the adverse climate conditions in key oilseeds
producing nations. This factor also results in volatility in the prices of a
variety of oilseeds, which negative affects the market demand.
Soybeans is one of the major oilseeds developed worldwide, followed
by cottonseed, rapeseed, sunflower, groundnuts, copra, and palm kernels. Rising
acceptance of a variety of oilseeds and the burgeoning areas that under
cultivation for developing genetically modified (GM) oilseeds further favor the
worldwide market.
Segmental Overview
Major categories considered in the review report are conventional
as well as genetically modified.
With respect to oilseed type, the oilseeds industry can be
dissected into sunflower seed, soybeans, canola seed, cotton seed, and more.
The oilseeds industry, depending on biotech trait, covers herbicide-tolerant,
insecticide-resistant, among others.
Regional Insight
North America will be the most profitable market for oilseed
in the future, benefitting from the rise in exhaustive research and development
activities, and the strong support from the government. Escalating demand for
commercial oilseeds among the farmers and the huge prevalence of precision
farming will further cement North America’s position in the worldwide market. A
few other market growth boosters can be the rapidly expanding animal feed
industry, mounting demand for biofuels, vegetables, grains, and oil, to name a
few.
Asia Pacific will be emerging as the fastest gainer in the ensuing
years, thanks to the robust base of several affluent players and the notable
increase in agricultural exports. The Asia Pacific market’s formidable position
will further be fostered by farmers’ surging inclination towards commercially developed
seeds instead of utilizing seeds from the previous harvest. Soaring crop
production rate combined with the escalation in government initiatives encouraging
the use of modern technologies in agriculture would have a tremendous impact on
the APAC market as well. Presence of agrarian economies such as China, India
and Japan and the significant technical standards followed by them will further
boost market expansion. Some of the major trends in the regional market are the
predominance of numerous smallholders and the large-scale production of cotton.
Top Market Players
BASF SE (Germany), Monsanto Company (US), Groupe Limagrain
Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd
(India), Land O'Lakes, Inc. (US), Cargill, Incorporated (US), Seed Co Limited
(South Africa), Mahyco Seeds Company Limited (India) are the major oilseed manufacturers in the market.
Latest News
December 2021
Effetto Mariposa introduces its latest line of products that feature a sunflower
seed chain lube, along with a biodegradable cleaner, and a pine oil degreaser. The
first item is Flowerpower Wax chain lube, has sunflower seed wax content without
any fluorinated compounds (PFAS), sulphides, as well as graphene.
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