West Des Moines, Iowa
June 16, 2008
The global vegetable seed market
has hit a value of $3.5 billion, and is poised to grow yet more,
driven largely by dramatic shifts in Asia. That’s one finding of
a first-ever and newly-released analysis, conducted by the
Context Network. The
Global Seed Sector 2020 Outlook: Major Vegetable Crops
report assesses the market’s global, regional and country-level
trends.
Principle author, Mark Nelson said, “This multi-client study by
The Context Network is an in-depth investigation and analysis of
the factors expected to drive market expansion in the global
vegetable seed sector through 2020. It’s a complicated
marketplace, influenced by variable adoption of hybridization
and biotechnology, among myriad other factors.”
Nelson noted the analysis revealed the growing role of a
powerful Asian market. The region will emerge as an important
driver in global growth, pushing the vegetable seed sector from
$3.5 billion to $6.2 billion (excluding trait premiums) by 2020.
Commercial introduction to biotech-enhanced vegetable seeds is
expected to add an additional $0.3b, resulting in a $6.5b
global, commercial vegetable seed sector in 2020, Nelson said.
Context Network Partner, Tray Thomas added, “This investigation
is truly a first, in its global nature and its tremendous depth.
We examine influences on vegetable crop acreage and production,
and seed pricing at the grower level, and project vegetable crop
production and consumption, as well as forecasts for changes in
seed consumption and seed market values.”
All vegetable crop industry stakeholders, including crop input
suppliers, equipment manufacturers, seed developers and
distributions and policy makers are encouraged to learn more
about this meaningful analysis. For more information, visit
www.contextnet.com.
The Context Network provides business management and strategy
consulting services to the world’s leading agriculture,
biotechnology and food companies and government agencies and
institutions. Major areas of expertise include strategy, merger
and acquisition support, valuation of new technologies,
formation of alliances, and market research. The West Des
Moines-based firm is composed of a core of professional
consultants that is complemented by a network of more than 100
industry and subject-area experts. |
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