The global tomato
seed market size is expected to showcase substantial growth during the
forecast period. This growth is attributable to the increasing consumption of
tomato for culinary purposes and the growing demand for nutritious salads and
dressings across the globe. This information is published by Fortune Business
Insights, in its latest report, titled, “Tomato Seed Market Size, Share
& Industry Analysis, By Type (Large Tomato Seed, Cherry Tomato Seed), By
Trait (Hybrid, Open-pollinated Varieties), By Application (Open-field,
Protected Cultivation) and Regional Forecast, 2021-2028.”
The widespread effect of the global pandemic,
COVID-19, has been felt across several economies that are facing unprecedented
loss. Owing to the lockdown announced by the government agencies to curb the
spread of the novel coronavirus, several industries have been on a standstill
with zero operational activities. However, a collective effort from the
government, as well as the industries is anticipated to bring the economy back
on track and aid in resuming industrial activities.
Tomato is one of
the widely cultivated crops across the globe. The relatively short span of
cultivation, along with high yield drives the demand for tomato seeds amongst
the growers. Owing to their several health benefits such as rich in vitamins,
dietary fibres, minerals, and amino acids, they are extensively consumed by
people all through the year.
What does the Report
Include?
The global market for tomato seed report includes quantitative and qualitative
analysis of several factors such as the key drivers and restraints that will
impact growth. Additionally, the report provides insights into the regional
analysis that covers different regions, which are contributing to the growth of
the market. It includes the competitive landscape that involves the leading
companies and the adoption of strategies by them to introduce new products,
announce partnerships, and collaboration that will further contribute to the growth
of the market between 2021 and 2028. Moreover, the research analyst has adopted
several research methodologies such as PESTEL and SWOT analysis to extract
information about the current trends and industry developments that will drive
the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Adoption of Tomatoes for Culinary
Purposes to Promote Growth
According to the Food and Agriculture
Organization of the United Nation (FAO), the global production of tomatoes
increased remarkably from 178 million tons in 2016 to 180 million tons in 2017,
and 182 million tons in 2018. The growing demand for tomatoes for different
culinary purposes, along with the high cultivation rate is likely to propel the
demand for advanced tomato seeds globally. Additionally, the evolving consumer
taste is boosting the demand for exotic salads and dressings that is expected
to bode well for the global tomato seed market growth in the forthcoming years.
REGIONAL INSIGHTS
Asia-Pacific to Remain at Forefront; Increasing
Organic Tomato Cultivation to Aid Growth
Among all the regions, Asia-Pacific is
expected to remain dominant and hold the highest position in the global tomato
seed market during the forecast period. This is attributable to the increasing
land cultivation of organic tomatoes in countries such as India and China in
the region.
The market in North America is expected to
experience considerable growth in the forthcoming years. This is ascribable to
factors such as extensive availability of hybrid tomato seeds in the region
between 2020 and 2027.
COMPETITIVE
LANDSCAPE
Eminent Companies Focus on
Collaboration to Brighten Their Market Prospects
The global tomato seed market is fragmented by
the presence of major companies that are striving to strengthen their positions
by collaborating with other companies to further expand the tomato seed
portfolio and gain substantial revenues. In addition to this, adoption of
strategies such as the introduction of new products, partnership, and merger
and acquisition by key players will bode well for the market growth during the
forecast period.
Industry
Development
·
November 2020 – NRGene announced its collaboration with
Philoseed to create DNA marker based tomato seed variants to accelerate the
breeding process. NRGene’s genomics technology is expected to aid in the
commercialization of varieties that are resistant to ToBRFV, a genus of plant
viruses that lead to extreme poor quality crop production.
List of the
Companies Operating in the Global Market for Tomato Seed
·
Syngenta AG
·
Enza Zaden
·
Sakata Seed Corporation
·
Bayer AG
·
UPL Limited (Advanta Seeds)
·
BASF SE, Bejo Zaden BV
·
East-West Seed International
·
Takii & Co., Ltd.
·
Groupe Limagrain
·
Abundant Seeds Pty Ltd.
·
Others
Browse Summary
https://www.fortunebusinessinsights.com/tomato-seed-market-103199
