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The global wheat seed market is expected to grow at a CAGR of 4.7% in the forecast period of 2023-2028.
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Wheat makes up a good portion of the overall edible components of the diet for consumers across the globe. It is cultivated in many parts due to its agronomic adaptability for production in any soil and climate type. As a result, it is one of the most commonly grown crops globally, occupying around 25% of the world’s arable land and providing 20% of the daily protein to consumers globally. Based on type, the most commonly grown wheat seeds are red and white. But other wheat varieties are increasingly being devised to enhance their nutritional properties. In addition, the crop is easy to store, and the grains can be ground into flour, which is used to make bread and cookies, among others. These factors are estimated to positively impact the market growth in the forecast period.
The Asia Pacific is expected to possess a significant share of the wheat seed industry in the forecast period. This increase can be attributed to the increased cultivation of wheat in the region. In areas such as China, wheat is heavily consumed in products such as noodles, buns and bread. Similarly, in India, wheat is increasingly consumed by most of the population. Moreover, due to the rapidly growing population in the region, the governments are increasingly adopting strategies to enhance the production capacity of wheat and meet the growing demands. According to a press release issued by the Ministry of Consumer Affairs, Food & Public Distribution, dated May 2020, the government of India procured more wheat compared to the previous year, despite the Covid-19 restrictions and the threat of the virus, unpredictable shower patterns, and low labour. Such developments are expected to drive the market growth significantly.
Wheat is a high-volume and low-profit seed crop that is cultivated worldwide. It is mainly cultivated by heavily subsidised government seed programmes. Wheat seeds refer to the grains or kernels grown on the wheat plant, mostly utilised in human consumption. These seeds are a source of complex carbohydrates and are low in fat and rich in fibre. Moreover, it is the leading source of vegetable protein in human food, having a protein content of about 13%, which is relatively high compared to other major cereals. The wheat seed can be used to make food items like bread, pasta, crackers, and many other food products. Other than the food, wheat seeds are also used in manufacturing cosmetics, paper, and soap.
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Based on type, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing population worldwide is leading to an increased demand for food, especially edibles made from wheat flour, such as bread. In this regard, rapid technological advancements such as better storage facilities and enhanced germination technologies are helping to bolster production and meet the increased demand. In addition, the creation of better yield hybrid wheat seeds is also expected to contribute to the market growth. For instance, in a press release dated June 2021, BASF revealed the name of their new hybrid wheat seed, namely, Ideltis. This hybrid wheat is aimed to provide farmers with greater and efficient performance in the yield and quality to further one of the world’s most important staple crops. Moreover, the increasing use of wheat seeds in animal feed production is also expected to drive the market growth. For instance, according to a news article by Reuters dated May 2021, with the growing demand for corn worldwide, the prices of corn have significantly increased, due to which countries like China are all set to harvest wheat for the purpose of animal feed, mainly for pigs and poultry. Such developments are expected to drive the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global wheat seed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region|
|Breakup by Type||Hard Red Winter, Soft Red Winter, Hard White, Soft White, Hard Red Spring Wheat Seed, Durum Wheat Seed|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||UPL Limited, Agrovegetal SA, Corteva Agriscience, Syngenta AG, ProHarvest Seeds Inc., RAGT Seeds UK, Northern Agri Brands, LLC, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Wheat Seed Market Analysis
8.1 Key Industry Highlights
8.2 Global Wheat Seed Historical Market (2018-2022)
8.3 Global Wheat Seed Market Forecast (2023-2028)
8.4 Global Wheat Seed Market by Type
8.4.1 Hard Red Winter
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.2 Soft Red Winter
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.3 Hard White
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.4 Soft White
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.5 Hard Red Spring Wheat Seed
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.6 Durum Wheat Seed
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5 Global Wheat Seed Market by Region
8.5.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Codes: 100111, 100119, 100191, 100199)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 UPL Limited
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 Agrovegetal SA
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Corteva Agriscience
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 Syngenta AG
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.5 ProHarvest Seeds Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.6 RAGT Seeds UK
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.7 Northern Agri Brands, LLC
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Wheat Seed Market: Key Industry Highlights, 2018 and 2028
2. Global Wheat Seed Historical Market: Breakup by Region (USD Million), 2018-2022
3. Global Wheat Seed Market Forecast: Breakup by Region (USD Million), 2023-2028
4. North America Wheat Seed Historical Market: Breakup by Country (USD Million), 2018-2022
5. North America Wheat Seed Market Forecast: Breakup by Country (USD Million), 2023-2028
6. Europe Wheat Seed Historical Market: Breakup by Country (USD Million), 2018-2022
7. Europe Wheat Seed Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Asia Pacific Wheat Seed Historical Market: Breakup by Country (USD Million), 2018-2022
9. Asia Pacific Wheat Seed Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Latin America Wheat Seed Historical Market: Breakup by Country (USD Million), 2018-2022
11. Latin America Wheat Seed Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Middle East and Africa Wheat Seed Historical Market: Breakup by Country (USD Million), 2018-2022
13. Middle East and Africa Wheat Seed Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Major Exporting Countries by Value
15. Major Importing Countries by Value
16. Major Exporting Countries by Volume
17. Major Importing Countries by Volume
18. Global Wheat Seed Market Structure
The global wheat seed market is projected to grow at a CAGR of 4.7% between 2023 and 2028.
The major drivers of the industry such as increased demand for wheat seeds in the food sector, increased focus of the product manufacturers on product innovations, growing popularity of vegetarian and vegan platform, rising demand for wheat-based edibles due to the increasing population and increased investments in the research and development of the wheat production by the government are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements and increasing use of wheat seeds in animal feed production.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types include hard red winter, soft red winter, hard white, soft white, hard red spring wheat seed and durum wheat seed.
The major players in the industry are UPL Limited, Agrovegetal SA, Corteva Agriscience, Syngenta AG, ProHarvest Seeds Inc, RAGT Seeds UK, and Northern Agri Brands LLC, among others.
The global wheat seed market has been driven by the growing demands for wheat-based edibles among the rapidly increasing population globally in the historical period. Aided by the rapid technological advancements and increasing use of wheat seeds in animal feed production, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By types, the market can be distributed into hard red winter, soft red winter, hard white, soft white, hard red spring wheat seed and durum wheat seed. The major regional markets for wheat seed are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include UPL Limited, Agrovegetal SA, Corteva Agriscience, Syngenta AG, ProHarvest Seeds Inc, RAGT Seeds UK, and Northern Agri Brands LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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