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The Global Tomato Seeds Market is Segmented by Type (Hybrids and Open-Pollinated Varieties), by Growing Technology (Open-Field and Protected Cultivation), and by Geography (North America, Europe, Asia-Pacific, South America, and Africa).
2016 - 2026
Fastest Growing Market:
The global tomato seeds market was valued at is projected to register a CAGR of 7.9% over the forecast period (2020-2025). The cultivation of tomatoes has been exhibiting an increasing trend, around the world. The production of tomatoes, globally, has increased from178.16 million metric ton in 2016 to 182.26 million metric ton in 2018. The market in the United States, Canada, and the EU is mature, in terms of the adoption of hybrid and high-yielding seeds. These markets experience a growing demand for new and improved varieties, such as mini plum/snack tomatoes. In 2019, North America was the largest market for tomato seeds while the Asia-Pacific region is recording is the fastest growth.
Among all the vegetable seeds, tomatoes seed replacement rate is one of the highest with 99.3%. Furthermore, there is also an increasing trend toward the production of greenhouse tomatoes in countries, such as the United States, Canada, and France. All the above-mentioned factors lead to an increase in demand for the new tomato seed varieties that are driving the global tomato seed market. However, the market has seen a slight decrease during the first 2 quarters of 2020 due to the negative affect of Covid-19.
Tomato is one of the most important vegetable crops, grown extensively in the tropical and sub-tropical climate. Tomato is a major vegetable consumed globally, second only to potatoes. The Global Tomato Seeds Market is segmented by Type into Hybrids and Open-Pollinated Varieties, by Growing Technology into Open-Field and Protected Cultivation, and by Geography. For a broader classification 16 countries have been picked up for this study, from across the regions: North America, Europe, Asia-Pacific, South America and Africa.
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The increasing awareness regarding the high nutritional value of vegetables has increased the consumption of vegetables, including tomatoes, in order to meet diverse dietary and nutritional needs. The aforementioned factor has caused a rise in the demand for tomatoes, which in turn, automatically drives the demand for tomato seed. The factors such as decreasing acreage have resulted in the adoption of hybrid seeds. For instance, the global area under tomato cultivation has declined from 5,013.37 thousand hectares to 4,762.46 thousand hectares between 2016-2018. Declining acreage coupled with climate changes, resistance developed by pests, poor infrastructure, and post-harvest loss, there is a need for new high-yielding and hybrid seeds to help the farmers increase the yield.
Rising awareness among farmers about the benefits associated with the adoption of hybrids, especially in the emerging economies, such as India and Brazil, through government support, is accelerating the market. The biotech area is also growing around the world, which leads to an increase in the demand for hybrid tomato seeds.
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Asia-Pacific is the fastest-growing region in the Global Tomato Seeds Market. Increasing high-intensity cultivation of tomatoes is the major factor driving market growth in the region. The shares of China's tomato Seed market in the Asia-Pacific market accounted for 40.2 % in the year 2018. The market is mostly driven by the export markets of processed tomato products, such as sauce, paste, ketchup, and diced tomatoes. This fortifies the production of tomatoes, which in turn boost the demand for varieties of seeds.
Farmers in the region have been investing in protected cultivation and other cultivation practices such as plastic mulching and drip irrigation. Major regional companies are also increasingly investing in R&D to develop hybrids through advanced breeding technologies. Rijk Zwaan Zaadteelt en Zaadhandel B.V., a Dutch seed breeder has started laying emphasis on improving pink tomato varieties that are resistant to TYLCV and grown in greenhouses for the Japanese market since 2016.
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The global tomato seeds market is fragmented with the top global and regional players, competing fiercely with local manufacturers. Diversification of portfolios through the development of new varieties is one of the most prominent strategies applied for further intensification in the matured markets. Bayer CropScience, BASF S.E., Syngenta International AG, Groupe Limagrain, East-West Seed International, UPL Limited, and Sakata Seeds Corp are some of the key players identified in the market. Key players are also expanding their region globally through R&D, a large product portfolio, a wide geographical presence, an aggressive acquisition strategy. For instance, the company Groupe Limagrain inaugurated a new R&D station in Khon Kaen, Thailand in 2018.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Open-Pollinated Varieties
5.2 Growing Technology
5.2.2 Protected Cultivation
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 BASF S.E.
6.3.2 Bayer Crop Science SE (Seminis)
6.3.3 Groupe Limagrain
6.3.4 Rijk Zwaan Zaadteelt en Zaadhandel B.V.
6.3.5 Syngenta AG
6.3.6 UPL Limited(Advanta Seeds )
6.3.7 Sakata Seeds Corporation
6.3.8 East-West Seed International
6.3.9 Namdhari Seeds Private Limited
6.3.10 Takii & Co Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. Impact of Covid-19 on the Market