Outlook of the hybrid seeds market in India
The hybrid seeds market in India will grow profoundly during the forecast period and post an impressive CAGR of almost 15% by 2020. Growing focus on high-yielding varieties will aid in the strong growth of this market during the estimated period. It has been observed that the quality of seeds plays a crucial role in agriculture, and their efficacy determines the overall agricultural productivity. A good quality seed can improve production by up to 45%. However, a decline in the availability of resources can negatively affect the productivity of seeds and create a demand-supply gap. Due to the declining total arable land in India, the need for higher productivity to keep up with the growing demand for agricultural products and ensure food security has increased. This, in turn, has resulted in the high demand for high-yielding hybrid seeds among farmers in India.
Additionally, the rising utilization of hybrid seeds with advanced generation traits will also lead to the growth of this market during the predicted period. According to the research carried out by the analysts, it has been estimated that the cultivation of seeds with traits such as herbicide and disease resistance, abiotic stress tolerance, modified quality pollination control system, and insecticide resistance will lead to the strong growth of this market during the forecast period. As a result, most vendors are focusing on the development of seeds with specific traits that enhance yield and minimize losses in crop.
Competitive landscape and key vendors
The hybrid seeds market in India is highly competitive and comprises of nearly 300 players. Almost 80% of the total revenue comes from the top 10 domestic companies and MNCs. The market comprises of players from both the public and private sectors. Most companies under the private sector have higher
Overview of the combine harvester market
Extensive research carried out by the analysts at Technavio has shown that the global combine harvester market will witness impressive growth and will post a CAGR of more than 7% over the forecast period. Short harvest windows of crops are one of the primary factors propelling the growth prospects for this combine harvester market. Agricultural farming is a time-bound process and different seasons have led to the creation of harvest windows for crops that produce maximum yields when agricultural operations like planting and harvesting are performed within a small time interval. Harvest windows vary in different countries and are largely based on weather and geographical changes and vary between 10 to 30 days. This increases the need for large and powerful equipment like combine harvester to increase the efficiency and productivity in short periods. Certain crops like cocoa, cassava, and sugarcane have a very short harvest window, leading to the high adoption of combine harvesters in the coming years.
With an increase in farm mechanization practices, the market for combine harvester is anticipated to have a positive outlook during the forecast period. Appropriate farm mechanization is needed to achieve timeliness in field operations, increase productivity, cut down crop production cost, reduce harvest losses, and minimize farm drudgery. This is also expected to boost the overall crop output and farm income. Moreover, governments around the world have introduced several convenient policies pertaining to farm mechanization, which will, in turn, boost the sales of combine harvesters in the future.
Competitive landscape and key vendors
Outlook of the seeds market in Europe
According to the market research analyst at Technavio, the seeds market in Europe will grow progressively at a CAGR of around 10% by 2020. The rising demand for biofuels will be one of the key factors contributing to the growth of the market during the predicted period. Biofuels are sourced from energy crops like wheat, soybean, corn, rapeseed, and sugarcane, which help in controlling pollution and the preservation of fossil fuels. Many government bodies encourage and promote the use of biofuels to curb growing environmental issues. Additionally, there will be investments in projects that aid in the production of sustainable biofuel feedstock, which, in turn, will fuel the growth of the seeds market in Europe. Furthermore, the initiation of various legislations that necessitate the consumption of biodiesel to reduce carbon footprint and control environmental pollution will help in the evolution of the market in the coming years.
One of the recent trends in the market is the growing usage of seeds with advanced generation traits. These seeds are being developed to meet the increasing demand for high-quality seeds with enhanced productivity. Manufacturers are investing in the cultivation of seeds with properties like herbicide and disease resistance, abiotic stress tolerance, and modified quality pollination control system. The production of these high-quality seeds, such as hybrid soybean and corn
Overview of the agricultural biologicals market
According to the market research analysts at Technavio, the agricultural biologicals market is expected to witness tremendous growth and will post an impressive CAGR of more than 14% over the forecast period. The increasing change in preferences for organic farming techniques from chemical-based farming is one of the significant factors fuelling this market’s growth in the coming years. A steadily growing population has put a lot of pressure on land and other natural resources, leading to inescapable damages to the ecological base of agriculture, along with other socio-economic problems. The majority of farmers use chemicals and inorganic fertilizers to help replenish the loss of nutrients from the soil; however, such uncontrolled use of chemical fertilizers has resulted in slowing down the biological activities in the soil leading to weakened soil health. This has led the farmers to migrate slowly toward organic farming. Agricultural biologicals, as compared to chemicals, are the essential components of organic farming and are witnessing an increase in their demand due to their chemical-free and eco-friendly properties. These biologicals boost soil fertility while enhancing crop yield, thereby becoming the preferred choice for the farmers. Moreover, these agricultural inputs help in improving soil fertility by fixing atmospheric nitrogen, solubilize the insoluble soil phosphates, and produce plant growth substances in the soil.
Overview of the global genetically modified (GM) seeds market
According to Technavio’s market research analysis, the global genetically modified (GM) seeds market will grow at a CAGR of almost 10% by 2020. GM seeds occupy more than 50% of the global commercial seeds market and include seeds like corn, soybean, cotton, canola, sugar beet, and wheat. These seeds have improved traits like high yields and resistance to adverse environmental conditions, pests, and herbicides. The genetically-modified seeds offer premium characteristics to increase yields, enable longer shelf life, and greater resistance to insects. The reducing size of arable land is the major growth driver for the implementation of GM crops, which will speed up the crop production process. Vendors in the market are coming up with several new GM crops which offer multiple modes of resistance to pests and diseases and increased tolerance to herbicides such as Vitamin A-enriched rice and wheat, drought tolerant maize, biofortified bananas, and pest resistant cowpea and beans.
North America will continue to dominate the market during the forecast period and is likely to occupy around 30% of the total market share by 2020. The growing adoption of biotechnology in agricultural practices is one of the latest developments in the North American market. With various advancements in GM seeds, this market has become innovative and is providing solutions to farmers for several environmental conditions like drought, salinity, and disease stress that affect the yield and production of many crops. The growing demand for GM corn and soybean seeds with HT and IR traits will help the market grow steadily in this region.
Competitive landscape and key vendors
The global GM seeds market is highly fragmented and consists of a vast number of large- and mid-sized
Overview of the aquaculture market in China
The majority of the Chinese population prefers seafood because of its high nutritional value and easily digestible nature, and availability at low costs. They take these sea products in daily diets as they are more economical than animal protein and are also authentic and traditional. The increasing production of seafood in China and the rising awareness of seafood's nutritional value are increasing seafood trade in the region. Aquatic products like farmed salmon and shrimps are highly nutritious sources of food, consisting of a good amount of proteins, vitamins (A, B, and D), and minerals (iodine, iron, phosphorus, and zinc). They are also a significant source of Omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Moreover, the minerals and nutrients found in seafood also play a crucial role in the improvement of brain development and reproduction. The growing awareness about the high nutritive content of seafood will boost the growth prospects for the aquaculture market in China. Technavio’s market research analyst predicts that the aquaculture market in China will grow at a CAGR of around 3% by 2020.
The growing environmental concerns, preference for organic foods, and food safety issues have resulted in the increased emphasis on organic aquaculture. Organic aquaculture in China is primarily concentrated in regions like Zhejiang, Hainan, Mongolia, Jiangsu, Xinjiang, Liaoning, Hunan, Anhui, Fujian, and Shandong provinces. Around 200 operations spread across an area of roughly 400,000 hectares have received organic aquaculture certification in the