Seeds play an important role in crop production. It is a very crucial key to agricultural progress and an important part in the agricultural industry. The quality of seeds also plays an essential role in the production of agricultural and horticultural crops. The seed is defined as a ripened and matured egg, which forms after fertilization and with the tissues of the mother plant.
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Seed formation is the process of propagation in crop plants. They include reserve food materials, including protein, starch and other components, necessary for proper embryonic development and plant growth. Any part of the plant that can be used for propagation purposes is called seeds. All vegetative material such as rhizomes, tubers, bulbs, bulbs, runners, suckers, runners, shoots and cuttings are considered seeds. With favorable environmental conditions such as temperature, light, and sufficient soil moisture, the seed becomes a healthy, independent plant that produces flowers and seeds throughout its life cycle.
Based on the number of cotyledons present in the seed, the seeds are divided into monocot seeds and dicot seeds. Monocot seeds are single seeds that are usually embedded in a fruit called a karyopsis and utricle. Dicot seeds are usually made up of a primary embryonic axis and an accumulating tissue called a cotyledon which combines and forms the seed embryo. Growing awareness among farmers of the benefits of using certified seed has led to an increase in demand for seeds in recent years. This has led to an increasing willingness of farmers to pay a high price for quality seeds.
In terms of seed type, the seed market can be separated into conventional seeds and genetically modified (GM) seeds. In terms of crop type, the market can be separated into fruits and vegetables and field crops. Fruit and vegetable crops include chili, melon, tomato, okra, squash, cucumber, cauliflower, cabbage, and others (pumpkin, eggplant, radish, and carrot). Additionally, major crops include rice, wheat, cotton, corn, millet, sorghum, and sunflower. Moreover, in terms of availability, the market can be separated into saved seeds and commercial seeds.
The growing needs to increase food production, followed by the increase in the use of wasteland for agricultural purposes, the modernization of agriculture, the increase in the use of biofuels and animal feed and the Diversification of diets are major factors responsible for the growth of the seed market. However, prolonged time and extensive research involved in the development of new seed varieties and lower acceptance of genetically modified crops can impact the market. In addition, improving the Seed Replacement Rate (SRR), the introduction of new technologies with potential advantages over conventional technologies, and the increased demand for seeds in emerging economies are market opportunities.
By geographic term, the Asia-Pacific region dominates the global seed market due to increasing disposable income, population growth and agricultural sector development in the region. Europe and North America regions are expected to show considerable growth rate owing to increased demand for agricultural products and rapid technological innovations in seed production during the forecast period. It is estimated that the global seed market will be reached at a rapid pace due to the sophistication of seed technologies such as seed coating and granulation during the forecast period.
Ankur Gupta, Marketing and Communication Manager
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, Sector 49 Gurgaon, Haryana – 122001, India
Ken Research is a research-based management consulting firm. We provide strategic advice to assist clients on critical business insights: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers and acquisitions, and sustainability across all industries and geographies. We provide business intelligence and operational advice in over 300 industry verticals highlighting disruptive technologies, emerging business models with analysis of precedents and success case studies. Some of the largest consulting firms and market leaders seek our information to identify new revenue streams, customer / supplier paradigm and competitive weak spots and due diligence.
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