- The key vendors in the Global Oilseed and Grain Seed Market 2015-2019 are Bayer CropScience AG, Dow Chemical Co. (Dow), E.I. du Pont de Nemours and Co. (DuPont) and Monsanto Co.
London, 26 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Oilseed and Grain Seed Market 2015-2019. The global population has seen a marked increase over the years. It is expected to lead to an increase in food consumption, resulting in an unprecedented demand for agricultural products in the future. Consequently, farmers will buy more oilseeds and grain seeds to balance the demand-supply ratio in the market. Per capita arable land has also decreased considerably. These factors are expected to play a pivotal role in driving overall market growth during the forecast period. The overall market is expected to grow at a CAGR of 11.03 percent during the forecast period of 2014-2019.
Vendors are striving to foster more technological innovations in seed technologies to introduce seeds with better traits. They are also increasingly focused on the development of genetically enhanced traits. These market trends are expected to gain increased market traction during the forecast period and propel overall market growth.
“The demand for oilseeds and grain seeds has increased twofold in the past two decades. With the mandate to improve seed products, vendors are increasingly investing in R&D to produce high-quality traits,” says Faisal Ghaus, Vice President of TechNavio Research.
“The cultivation of GM seeds is bringing better quality yield in crops along with higher resistance to pests and insects. These developments in seed technologies are expected to pave the way for the development of advanced seed standards in the market, and drive market growth.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
