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(Medical-NewsWire.com, November 16, 2017 )
Seed is an embryonic plant which is enclosed in protective covering. Seed formation is the reproduction process in seed plants, the spermatophytes including angiosperm and gymnosperm plants. Seeds are the products of reproduction of ripened ovule, after the fertilization by pollen and some growth within mother plant. The embryo is developed from zygote and seed coat from ovule’s integuments. Seeds are the important development in reproduction and success of angiosperm and gymnosperm plants, relative to the more primitive plants liverworts, ferns and mosses, which doesn’t have seeds and use water dependent propagation by themselves.
The major factors which are driving the seed market growth are product innovations and agricultural modernization. Furthermore, introduction of enhanced hybrid seed varieties, growing usage of hybrid seeds, diversification of diets, increase in concern on plant health, growing initiatives taken by the government are the few factors which are driving the growth of the seeds market. However, quick spoilage of seeds, availability of the adulterated seeds, high cost of the seeds, less productivity of the seeds are the few factors which are hindering the growth of the seeds market.
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The Seeds Market is classified on the basis of type, crop, treatment and geography.
Based on the type, Seeds Market is segmented as
• GM seed
• Conventional seed
Based on the crop, Seeds Market is segmented as
• Fruits & vegetables
• Cereals & grains
• Oilseeds
Based on Seed Treatment, Seeds Market is segmented as
• Non-treated
• Treated
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The manufacturers around the world are concentrating on development of novel technologies in the seeds. Recently, some of the private East African seed companies has introduced a novel variety of maize seed coated with herbicide that improves the seed to get resistance for striga, a parasitic weed which is responsible for overspreading up to 50Mn hectares of sub Saharan land. The seeds market is highly commoditized owing to the presence of several private players who are using IP laws for the protection of their techniques. Global seeds market players are dominating the market by engaging in cross licensing agreements to expand their market, and are expected to provide improved traits, products for crop protection, biologicals and several seed treatments. Most of the major players have their own seed technologies that are having trademark and protected to maintain monopoly in seed market.
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On the basis of geographical regions, Seeds Market is classified as into five key regions as Europe, Asia- Pacific, North America, Europe, Middle East & Africa and Latin America. North America is the dominating market in the global seed market owing to the rapid innovations in crop seeds and technologies such as seed disinfection. Increasing penetration and demand for the seeds with advanced features like GE corn and soybean. APAC region is also the fastest growing market due to the rise in disposable income, growing awareness of health, favourable government policies etc. Europe market is led by France, Germany, Italy and UK owing to the advances in farming technology along with the government supportive norms, better supply chain management etc.
Some of the players in Seed Market Monsanto Company (U.S.), KWS SAAT SA (Germany), Du Pont (U.S.), The Dow Chemical Company (U.S.), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Rallis India Limited (India), Land O’Lakes, Inc. (U.S.).
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