Originally published on Technavio. The forecast for the Vegetable Seeds Market from 2024 to 2028 predicts a significant increase of USD 4.65 billion, with a Compound Annual Growth Rate (CAGR) of 7.66%, driven by factors such as rising demand for fresh vegetables and increased private sector investments, particularly evident in the growing APAC region where innovations in seed technology and high vegetable consumption, especially in countries like China and India, contribute to the market's upward trajectory.

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The driving force behind market growth lies in the focus on high-yielding varieties, fueling the demand for genetically modified (GM) seeds, as farmers seek innovative solutions to cope with diminishing arable land per capita due to population growth and urbanization. This trend necessitates GM vegetable seeds with extended shelf life, superior quality, and pest resistance to optimize agricultural productivity amidst land shortages. Additionally, the rising adoption of biotech kernels among farmers, offering enhanced productivity, disease resistance, and prolonged shelf life, is expected to propel market growth, aligning with the trend of healthy eating and sustainable farming practices. Moreover, an emerging trend shaping market dynamics is the increased investment in agricultural research by major global private firms, driven by the imperative to innovate in the agriculture sector. This surge in investment, coupled with advancements in biotechnology and scientific developments, underscores the market's potential for growth by enhancing seed quality and agricultural productivity. However, a significant challenge hindering market growth is the proliferation of counterfeit vegetable seeds, particularly prevalent in countries like China, India, Kenya, and Uganda. The widespread distribution of counterfeit grains and substandard seeds poses a grave concern, leading to crop failure, reduced productivity, and significant revenue losses. The market for counterfeit vegetable seeds is exacerbated by the financial constraints of farmers in developing countries and the influx of low-quality grains exported at subsidized rates, eroding trust in the local seed market and impeding market growth during the forecast period.

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