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Seeds Market by Type Global Trends & Forecast to 2018 - Market Leader
With worldwide presence, Monsanto headquartered at U.S. stands at prime position in the global seed market. Syngenta, Dupont, Bayer CropScience, Dow AgroSciences, Limagrain and KWS altogether hold a major chunk of the global market, using various growth strategies to expand their presence and grab more revenue. As per categorization, in terms of conventional and trait seed, the grain seed dominates; whereas in oilseeds, being most economic and expedient, soybean controls largest shares.
Research and development has always been an integral part of agricultural business to innovate and explore new opportunities; Monsanto and Dupont are spending a big share of their revenues on R&D to develop hybrid seed so as to increase their produces with lowest investment. Biotechnology has brought new success to the agriculture market. Several biotech traits are discovered to increase the yield of the crops with minimum loss. Herbicide tolerant, insect resistant, drought resistant, abiotic stresses tolerant and disease resistant seeds are newly developed seed traits. To control weed, herbicide tolerant trait is mostlyused in corn seed. Having highest demand in oilseed, soybean seed are also primarily stacked with herbicide tolerant trait and other traits;whereas cotton seed, which is second most significant oilseed crop, are mainly treated by insect resistant.
In 2013, all strategic alliances such as expansion, investments, agreements, partnerships, collaborations and joint venture, new product launches, mergers & acquisitions are found in the seeds market. The companies are following such strategies to minimize their cost and increase return on their investments. DuPont has followed highest number of growth strategies The key players are keenly looking to take up agreements, partnerships, collaborations and joint venture strategies according to current industrial conditions to expand their business.
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