Tomato Seed Market Size, Share, Emerging Trends, Demand, Revenue and Forecasts Research 2030
The global tomato seed market size is expected to showcase substantial growth during the forecast period. This growth is attributable to the increasing consumption of tomato for culinary purposes and the growing demand for nutritious salads and dressings across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Tomato Seed Market Size, Share & Industry Analysis, By Type (Large Tomato Seed, Cherry Tomato Seed), By Trait (Hybrid, Open-pollinated Varieties), By Application (Open-field, Protected Cultivation) and Regional Forecast, 2022-2029.”
The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies to curb the spread of the novel coronavirus, several industries have been on a standstill with zero operational activities. However, a collective effort from the government, as well as the industries is anticipated to bring the economy back on track and aid in resuming industrial activities.
Tomato is one of the widely cultivated crops across the globe. The relatively short span of cultivation, along with high yield drives the demand for tomato seeds amongst the growers. Owing to their several health benefits such as rich in vitamins, dietary fibres, minerals, and amino acids, they are extensively consumed by people all through the year.
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What does the Report Include?
The global market for tomato seed report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2022 and 2029. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Increasing Adoption of Tomatoes for Culinary Purposes to Promote Growth
According to the Food and Agriculture Organization of the United Nation (FAO), the global production of tomatoes increased remarkably from 178 million tons in 2016 to 180 million tons in 2017, and 182 million tons in 2018. The growing demand for tomatoes for different culinary purposes, along with the high cultivation rate is likely to propel the demand for advanced tomato seeds globally. Additionally, the evolving consumer taste is boosting the demand for exotic salads and dressings that is expected to bode well for the global tomato seed market growth in the forthcoming years.
Asia-Pacific to Remain at Forefront; Increasing Organic Tomato Cultivation to Aid Growth
Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global tomato seed market during the forecast period. This is attributable to the increasing land cultivation of organic tomatoes in countries such as India and China in the region.
The market in North America is expected to experience considerable growth in the forthcoming years. This is ascribable to factors such as extensive availability of hybrid tomato seeds in the region between 2020 and 2027.
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Eminent Companies Focus on Collaboration to Brighten Their Market Prospects
The global tomato seed market is fragmented by the presence of major companies that are striving to strengthen their positions by collaborating with other companies to further expand the tomato seed portfolio and gain substantial revenues. In addition to this, adoption of strategies such as the introduction of new products, partnership, and merger and acquisition by key players will bode well for the market growth during the forecast period.
- November 2020 – NRGene announced its collaboration with Philoseed to create DNA marker based tomato seed variants to accelerate the breeding process. NRGene’s genomics technology is expected to aid in the commercialization of varieties that are resistant to ToBRFV, a genus of plant viruses that lead to extreme poor quality crop production.
List of the Companies Operating in the Global Market for Tomato Seed
- Syngenta AG
- Enza Zaden
- Sakata Seed Corporation
- Bayer AG
- UPL Limited (Advanta Seeds)
- BASF SE, Bejo Zaden BV
- East-West Seed International
- Takii & Co., Ltd.
- Groupe Limagrain
- Abundant Seeds Pty Ltd.
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