February 23, 2022
As per the research report titled, ‘Global Tomato Seeds Market Size study, by Type (Hybrids and Open-Pollinated Varieties), by Growing Technology (Open-Field Cultivation and Protected Cultivation), and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global tomato seeds market is anticipated to record a 7.9% CAGR over the period of 2021-2027.
Rising public cognizance regarding the importance of eating high-nutrient foods is one of the major factors driving global tomato seeds market growth. Increased demand for tomatoes from the food and beverage industries coupled with mounting tomato cultivation are also stimulating the overall industry outlook.
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It is worth noting that tomatoes are known to contain plenty vitamins, while the seeds are available in open-pollinated and hybrid form.
Favorable initiatives that promote healthy lifestyle and diet are also complementing the business dynamics. On contrary, price volatility due to rapidly changing climatic conditions is likely to act as a major restraint for global tomato seeds market expansion over the projection period.
By type, the market is fragmented into open-pollinated varieties and hybrids. In terms of growing technology, the industry is split into protected cultivation and open-field cultivation.
From a regional frame of reference, global tomato seeds industry is defined by regions like Europe, North America, Latin America, Asia-Pacific with key emphasis on countries such as Brazil, Mexico, Australia, the U.K., France, Germany, Italy, Spain, India, South Korea, China, Japan, the U.S., and Canada among others.
Europe is deemed to capture majority market share by the end of the forecast period, owing to growing geriatric population, affordability of urgent care services, and availability of a well-established healthcare infrastructure.
The tomato seeds markets share in Asia-Pacific is also expected to grow at a robust CAGR between 2021 and 2027. Factors such as rising disposable income, increased injury rates, and improving healthcare infrastructure are facilitating the business scenario in Asia-Pacific.
The major companies operating worldwide tomato seeds industry are Takii & Co. Ltd., Namdhari Seeds Pvt. Ltd., East-West Seed, Sakata Seed Corporation, UPL Limited, Limagrain, Syngenta International AG, BASF SE, Bayer AG.