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Organic Planting Seeds Market Size, Share & Industry Analysis, By Type (Field Crop Seed, Vegetable Seed, Fruit Seed, Others) and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI103194 | Status : UpcomingThe global market of organic planting seeds is driven by the increasing buyers demand for clean-labelled and organic fresh and processed foods. The rising awareness regarding the health benefits of consumption of organic food is anticipated to upsurge the cultivation of organic crops which in turn is expected to boost the sale of organic planting seeds. Furthermore, organic production of seed offers another income source opportunity for ware crop producers, which is predicted to drive the global market of organic planting seed. The improved nutritional value and better taste offered by organically grown food are some other positive factors associated with the market growth of organic planting seeds.
Organic farming is a closed system in harmony with environment; therefore the demand for organic seeds has been escalated in recent years. The prominent players operating in the market are focused on the development of the new product and expansion of the existing product portfolio to increase their footprint in the global market of organic planting seeds.
The consumers are more inclined towards natural, organic and wholesome food ingredients which they can easily incorporate in their regular diet and the same is expected to propel the sales of organic planting seeds. For instance, According to survey carried out by the Research Institute of Organic Agriculture (FiBL), in 2017, the global organic food industry accounted the total sale of USD 97 Billion and the total organic crop cultivation area increased to almost 70 million hectares. In addition, organic gardening is becoming popular among indoor gardening enthusiasts. This increased interest in organic gardening offers alternative markets for certified organic seeds. The various initiatives taken by the government to support the production of organic food due to various environmental and health benefits is anticipated to boost the sale of organic planting seeds among growers. For instance, the United States Department of Agriculture (USDA) offers marketing and infrastructure programs that assist with business development and marketing of organic operations which includes organic fruits, vegetables and other organic products. USDA also provides some grants and loans to the farmers to start organic crop cultivation.
The lack of investment in organic seed research and development along with the availability of option to use untreated conventional seed in organic production is predicted to restrain the market growth in forthcoming years. Furthermore, the high cost of the organic planting seeds is also predicted to hamper the market growth.
Key Players Covered:
The prominent players operating in the global organic planting seeds market are Seeds of Change Inc., Vitalis Organic Seeds, Fedco Seeds, Seed Savers Exchange, Wild Garden Seeds, Johnny's Selected Seeds, Maas Plant, Arnica Kwekerij, Fleuren, Southern Exposure Seed Exchange, and Others.
Field crop seed in anticipated to hold a significant share in the global market of organic planting seeds. Cereals are widely consumed as a staple in many countries worldwide which is predicted to boost the cultivation of organic cereals. However, with increasing awareness about the numerous health benefits associated with the consumption of organic cereals the demand for organic cereals seeds is expected to increase among growers. In addition, due to the high profit margin associated with the cultivation of organic field crops farmers have gravitated towards the cultivation of staple crops such as organic cereals and pulses. Moreover, organic fruits and vegetables are major components of a balanced diet and they are consumed widely to ensure a good diet which is expected to accelerate the demand for organic vegetable and fruit seeds for the cultivation of organic fruits and vegetables.
The offline sale of the organic planting seed is anticipated to hold a considerable share in the global market of organic planting seeds. The increasing consumer dependency on the various facilities offered by specialty organic seed stores such as wider product range, discount offers and, freedom of selection are expected to positively impact the sale of organic planting seed through offline stores. Furthermore, the doorstep delivery offered by various online portals is predicted to increase the sale through various online stores in the upcoming years.
Regional Analysis:
Asia Pacific is predicted to hold a substantial share in the global market of organic planting seeds. The high-profit margin associated with the cultivation of organic crops is predicted to be a favorable factor for market growth within this region. The supportive government policies for the production and distribution of organic planting seed are expected to drive the market within the Asia Pacific. The increasing area under the cultivation of organic crops is expected to leverage the sale of organic planting seeds positively. For instance, According to survey conducted by the Research Institute of Organic Agriculture (FiBL), in 2017, the total area dedicated to organic farming in Asia was about 6.1 million hectares.
North America is anticipated to witness significant growth in the global organic planting seeds market. The rising awareness about chemical-free food, organic, and natural products, coupled with increasing consumer inclination towards consumption of organic food are predicted to boost the demand for organic planting seed within the region. For instance, According to Organic Trade Association (OTA), U.S. organic food sale accounted for almost USD 43.3 billion. Moreover, the growing number of certified farmlands, coupled with, the increasing investments by international giants for the development of new products are anticipated to drive the organic planting seed market within the region.
Segmentation
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Key Industry Developments:
- June 2018, Bayer AG acquired Monsanto Company, one of the leading agricultural and agrochemical company in the U.S. market. This acquisition is predictable to benefit Bayer AG to enhance its footprint in the global market of organic planting seed.
- In May 2017, PT East West Seed Indonesia (EWINDO) one of the leading hybrid vegetable seed producers has introduced five new vegetable seed varieties. The PT East West Seed Indonesia company has an opportunity to launch a range of organic seed product portfolio in forthcoming years.
- Global
- 2023
- 2019-2022