Market Overview
According to the report, the global Wheat Seeds market was valued at approximately USD 2,484 million in 2019 and is expected to generate revenue of around USD 3,097 million by 2026, growing at a CAGR of roughly 3.2% from 2019 and 2026.
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 programs. Wheat seed production differs from wheat grain production in aspects such as land requirement, isolation, rogueing, and prevention of contamination and limitations of generations.
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Key Players
Key players in the Wheat Seeds market cover DowDuPont, Bayer, Syngenta, Monsanto, RAGT, Beck's, Pro Harvest, Groupe Limagrain, Northern Star, China National Seed, Seed Co Limited, Pannar Seed, Capstone, CROPLAN, LG Seed, Krishidhan, Henan Huafeng Seed, Origin Agritech Limited, WIN-ALL HI-TECH SEED, Gansu Dunhuang Seed, Opulent Technology, and Anhui Nongken.
Drivers and Restraint
The demand for food due to the increasing population around the world and concern about healthy food is the major driver factor. Furthermore, changing lifestyle, increase in disposable income, technology innovations in production, storage, and transportation of seeds, favorable government reimbursements, success of hybrid seeds and high nutrition food compared to other cereals are factors that also propelling the growth of Wheat Seeds market. On the other hand, high labor cost, unfavorable weather condition, and traditional harvesting methods are factors that hamper the growth of the market.
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Forecast by Geography
The Asia Pacific dominates the Wheat Seeds market with a share of 32.10%. China is the largest producer of wheat, followed by India, in the Asia-Pacific region. Europe is currently leading North America with a share of 29.30% and 27.20%. Wheat is the primary food staple in North America and the Middle East due to the advanced wheat seed technologies and increased yield by means of quality seed application.
Type Segment
Based on the type, the Wheat Seeds market can be segmented into Red Wheat, White Wheat, Black Wheat, Yellow Wheat, and Blue Wheat.
Application Segment
Based on application, the Wheat Seeds market is divided into Household and Commercial.
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Target Audience
l Wheat Seeds manufacturers
l Distributors and resellers of Wheat Seeds
l Wheat Seeds industry associations
l Product managers, Wheat Seeds industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Wheat Seeds
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