Global Wheat Seed Market Report 2023: Sector is Expected to Reach $6.8 Billion by 2028 at a CAGR of 4.91% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Wheat Seed Market by Breeding Technology, Type, Application, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global wheat seed market size reached US$ 5.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.8 Billion by 2028, exhibiting a CAGR of 4.91% during 2022-2028.

Companies Mentioned

• Advanta Seeds (United Phosphorus Ltd.)
• Australian Grain Technologies (AGT)
• Corteva Agriscience
• Groupe Limagrain
• Kaveri Seed Co. Ltd.
• KWS SAAT SE & Co. KGaA
• ProHarvest Seeds Inc.
• R.A.G.T. Semences
• Seed Co Limited
• Syngenta AG (China National Chemical Corporation)

Expanding global population resulting in the growing demand for food, continual technological advancements in the development of new seed varieties, and favorable government policies and initiatives represent some of the key factors driving the market.

Wheat seed is a critical component of wheat production that contains wheat kernels inside and is characterized by a hard outer covering, called the seed coat. Wheat seed plays an instrumental role in soil conservation, as wheat plants help to prevent soil erosion and enhance the soil quality.

There are several advantages to using wheat seed, which can be grown in a variety of climates and soil types, thereby making it a suitable crop for many regions. Additionally, wheat seed is relatively easy to grow and maintain, making it a popular choice among farmers. Wheat seed is also highly nutritious, providing a source of starch, vitamins, protein, carbohydrates, and other essential nutrients. As a result, wheat seed is extensively used to produce a variety of products such as bread, pasta, and cereal.

The global market is primarily driven by the expanding global population resulting in the growing demand for food. In line with this, continual technological advancements in the development of new seed varieties that are more resistant to pests and diseases while being more tolerant to drought and other environmental stressors, are providing an impetus to the market. This can be attributed to the rapid urbanization resulting in a significant decline of arable lands, requiring more yield in less area of land.

Moreover, the rising concerns regarding changes in weather patterns affecting the growth and yield of crops are leading to numerous innovations in agriculture techniques, which, in turn, is creating a positive market outlook. Additionally, favorable government policies and initiatives supporting agriculture industry and offering subsidies for farmers in the purchasing of seeds are creating lucrative growth opportunities in the market.

The market is further fueled by a considerable rise in the demand for organic food crops. Apart from this, the increasing consumer preference for wheat-based products, such as the demand for whole-grain products, is impacting the market positively. Some of the other factors contributing to the market include considerable growth in the biotechnology and agriculture industries, the rising demand for protein-rich wheat variants, extensive research and development (R&D) activities and easy product availability across online and offline retail channels.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global wheat seed market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on breeding technology, type and application.

Breeding Technology Insights

• Open Pollinated Varieties and Hybrid Derivatives
• Hybrids

The report has provided a detailed breakup and analysis of the wheat seed market based on the breeding technology. This includes open pollinated varieties and hybrid derivatives and hybrids. According to the report, open pollinated varieties and hybrid derivatives represented the largest segment.

Type Insights

• Winter Wheat Seed
• Spring Wheat Seed

The report has provided a detailed breakup and analysis of the wheat seed market based on the type. This includes winter wheat seed and spring wheat seed. According to the report, winter wheat seed represented the largest segment.

Application Insights

• Farm Planting
• Personal Planting

A detailed breakup and analysis of the wheat seed market based on the department has also been provided in the report. This includes farm planting and personal planting. According to the report, farm planting accounted for the largest market share.

Key Questions Answered in This Report:

• How has the global wheat seed market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global wheat seed market?
• What are the key regional markets?
• Which countries represent the most attractive wheat seed markets?
• What is the breakup of the market based on the breeding technology?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the competitive structure of the global wheat seed market?
• Who are the key players/companies in the global wheat seed market?

For more information about this report visit https://www.researchandmarkets.com/r/12ej7y

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