Overview: Organizations
working under seed industry are often regarded as big institutions with a considerable
control over the global seed market under agro-food chain. There is no doubt
that in agro-food chain food processing and distribution occupies a greater
position by value. However, seed sector despite being a small contributory to
it still occupies a major spot as the entire mechanism of agro-food chain is
highly dependent on the quality, quantity of seeds being produced.
This sector is quite vital for success of food market because of agro-economic,
techno-economic, environmental and nutritional impact. Holding the significance
of seed sector into account Seed
Industry Analysis suggests that global seed industry is expected to
grow at a CAGR of roughly 7.6% and thus reaching a market size of approximately
USD 99 Billion by 2022.
Outlook: After the
rediscovery of Mendel’s law in the 20th century, plant breeding
turned from an art to science. Even small farmers began choosing the seed type
on the basis of progeny. Recent years have witnessed extreme scientific
developments in order to meet the growing demand for food. Cross breeding,
hybrid breeding, mutation breeding, cell culture, and recently, gene transfer,
marker assisted breeding, genomic selection are some scientific techniques
developed to maximize yield and growth in the agriculture. Research is now being
focused to mutagenesis and open pollinated seeds. Open Pollinated seeds refer
to the seeds that will “Breed True”. When the plants of an open-pollinated variety self-pollinate,
or are pollinated by another representative of the same variety, the resulting
seeds will produce plants roughly identical to their parents. These varieties
of seeds have proven to be advantageous over hybrid type of seeds due to
numerous reasons. In hybrids, offspring’s usually show diverse characteristics
and some might be unwanted or harmful for the produce whereas on the other hand
open pollinated seeds are born with characteristicssimilar to that of their
parent enabling this industry to focus on key aspects such as yield, growth. Economical
yields achieved with OPV’s or synthetics are better even under less favorable
growing conditions and with lower crop inputs. OPV’s and particularly
synthetics can be built by inter-mating populations or lines carrying genes of
resistance to different pathogens or parasites, thus improving the disease
resistance. Seed industry is currently facing a trade-off between the usage of
OPVs or hybrid variety. Conducting further research could prove OPV to be the
highlight of the seed industry in the coming decade.
Competition:
Competition has in the recent industry has resulted in corporate
consolidation of the industry amongst the big players such as Monsanto (US), DuPont
(US), Syngenta (Switzerland) having approximately 22%, 16%, 10% of market share
respectively. Over the last decade well
established companies have increased their market share considerably, while
some medium sized firms almost disappeared due to lack of research and funds
into segments of OPVs or even hybrids. Monsanto reached an agreement with
ToolGen to conduct research on genetic diseases (2017). DuPont
Pioneer reached an agreement with CasZyme to work together on the
development of a DNA genetic research (2017). ChemChina announced the acquisition of one of the world’s
largest seed company Syngenta (2017).
Conclusion: Seed
Market Research Reports suggest
that the recent consolidation wave in the seed industry has
provoked strong reactions and concerns. It is once again drawing the public’s
attention to the seed sector, particularly to its major players. However, in
the agri-food chain, the seed sector has a modest economic growth with
companies conducting their research on open pollinated seeds and the potential
shift it can bring from the hybrids.
To
know more, click on the link below:
Related
Report:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment