About Wheat Seed Market
Wheat is one of the most important staple crops that is readily cultivated worldwide. The crop is a high-volume, low-profit seed crop and is produced primarily by heavily subsidized government seed programmes. Wheat seed production differs from wheat grain production in aspects such as land requirement, isolation, roguing, prevention of contamination and limitations of generations.
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Wheat is a major diet component across regions due to the plant’s agronomic adaptability for production in any soil and climate type. It is the most commonly grown crop in the world, occupying approximately 25% of the world’s arable land and providing 20% of the daily protein to the global population. China, India, the United States, Russia, France, Canada, Germany, Pakistan and Australia are the major wheat producing countries.
The crop offers ease of grain storage and ease of converting grain into flour for edible purposes. It is the primary food staple in North America and Middle East and is growing in popularity in Asia. The common forms of wheat are red and white wheat. Black, yellow and blue wheat are commercially minor but nutritionally promising species. Better seed storage and germination ability are the major technological innovations that amplify the wheat seed demand in the global platform.
Since the medieval times, the seed demand for the self-pollinated wheat crop was fulfilled by traditional methods wherein farmers saved one-quarter of their wheat harvest as seed for the next crop. The global average seed use falls around 6-8% of the total output. Creating hybrid varieties for wheat has been difficult and labor intensive due to its self-pollinating characteristic. Commercial hybrid wheat seeds have been produced using chemical hybridizing agents, plant growth regulators or naturally occurring cytoplasmic male sterility systems. The success of hybrid seeds has been limited to Europe (particularly France), the United States and South Africa.
In major wheat producing countries like the United States, Russia, India and Australia, little value is captured in wheat seed as less than 5% of wheat seed is proprietary. China and Brazil apply 21-35% of proprietary seeds. Significant production decline in Argentina, Canada, the European Union and India, driven by unfavorable weather condition, is affecting the seed demand for wheat.
The situation, however, is comparatively better in countries like the United States, Ukraine, Australia and Turkey. Increased yield by means of quality seed application has had better prospects for Chinese production. The future of the wheat seed industry is expected to be positive as the prospect for wheat acreage and value is anticipated to increase in the near future. Furthermore, advanced wheat seed technologies are going to provide better opportunities and acceptance for the global wheat seed market. The annual wheat yield genetic gains is expected to be at least 1.6%, currently.
Due to the complex wheat seed industry structure, difficulty in hybridization and regulatory barriers, private investment is still lagging in many countries. Hence, the wheat seed industry is supported by public funding to a greater extent. Major global players operating in wheat seed industry are – Syngenta, Bayer CropScience AG, E. I. du Pont de Nemours and Company(DuPont), Monsanto Company, RAGT (France), Pro Harvest (USA), Limagrain (France) and China National Seed. Stable financing for wheat breeding efforts and continuous R&D are expected to improve the competitiveness of the global wheat seed industry.
Key Deliverables in the Study
Market analysis for the Global Wheat Seed Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Wheat Seed Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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