Market Overview
Global Tomato Seed Market worth USD 1252.31 million in 2022 and is expected to exhibit remarkable growth in the forecast period with a CAGR of 5.40% during 2028.
The tomato seed market has experienced consistent growth, with a growing demand for quality seeds to address the growing global demand for tomatoes. Drivers of market growth include population growth, urbanization, and an expanding awareness of the nutritional value of tomatoes.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report):https://www.marketinsightsresearch.com/request/download/29/55681/tomato-seed-market
Key Market Drivers
Population Growth and Urbanization
The world is experiencing unparalleled population growth and rapid urbanization, and these population changes are not only remodeling societies but also creating tremendous opportunities for many industries. One such industry that is seeing a considerable surge is the international tomato seed market.
As the global population continues to surge, so does the demand for fresh and nutritious food. Tomatoes, being a staple ingredient in various cuisines, become a focal point of this heightened demand. Urban dwellers, with fast-paced lifestyles, often seek convenient and readily found at produce, elevating the need for efficient and high-yielding tomato varieties.
Urbanization tends to accompany dietary changes. With more people moving to cities, there is a noticeable inclination towards a diverse diet of fresh vegetables, with tomatoes being among them. This change, triggered by factors like greater health and nutrition awareness, fuels the need for diverse types of tomatoes, thereby driving the market for tomato seeds.
Key Market Players
- UPL Ltd
- BASF SE
- Bayer AG
- Bejo Zaden BV
- East West Seed International Co Ltd
- Groupe Limagrain Holding SA
- Rijk Zwaan Zaadteelt en Zaadhandel BV
- SAKATA SEED CORPORATION
- Syngenta Corp
- Yuan Longping High-tech Agriculture Co., Ltd.
| By Breeding Technology | By Cultivation Mechanism | By Region |
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Advancements in Agricultural Technology
The combination of technology and agriculture has ushered in a new age in farming, transforming the conventional practices and promoting unprecented growth in numerous industries. A prime beneficiary of such technological revolutions is the worldwide tomato seed industry.
Leading the pack of farming technology is precision agriculture, a method that makes use of information-based insights to better control different aspects of cultivation. With tomatoes, precision agriculture enables farmers to customize their methods based on soil types to provide the best environment for germination and plant development. The enhanced precision not only maximizes yield but also highlights the value of high-quality tomato seeds designed specifically for precision farming.
Genetic engineering has made it possible to create tomato varieties with improved characteristics, including disease resistance, better nutritional value, and longer shelf life. Genetically modified (GM) or genetically edited seeds play a role in a more robust and productive tomato crop. The market for tomato seeds reacts to this need for genetically improved seeds by providing farmers with choices that fit the demands of contemporary agriculture.
Greater Emphasis on Research and Development
In the agriculture sector, where innovation and adaptability are most crucial, research and development (R&D) emphasis is the key to development. The worldwide tomato seed industry is no exception since the coordinated efforts in R&D play an important role in driving the growth of the industry.
Research and development efforts in the tomato seed industry are directed at genetic improvement to produce tomato crops with better characteristics. These characteristics could be resistance to diseases, high yield, better nutritional value, and better shelf life. While breeders and geneticists attempt to unravel the genetic potential of the tomato, the market offers a variety of seeds that keep pace with the changing requirements of farmers and consumers.
The challenge of varying growing conditions in different regions is one that the global tomato seed market must address. With careful research, seed firms are able to create cultivars suited to particular climates, soil, and farming practices. This adaptation of seeds provides farmers with varieties optimized for their immediate conditions, leading to increased yields and sustainable farming.
Segmental Insights
Breeding Technology Insights
Drawing from the Breeding Technology category, Hybrids are set to capture the Global Tomato Seed Market as the breeding technology of choice for a number of strong reasons. To start with, hybrid tomatoes display better characteristics like greater production, resistance to diseases, and consistency in conformity to the growing demand for high-quality tomatoes globally. The hybridization process enables the union of useful traits from disparate parent plants to produce a stronger and more productive crop. Also, hybrids tend to exhibit enhanced adaptability to varied environmental factors, guaranteeing uniform performance across different regions. Besides their agronomic benefits, hybrid tomatoes normally have improved market acceptability based on their regular size, shape, and color, which conform well to customer demands and commercial standards. With the ongoing transformation of the agricultural environment, the profitability and effectiveness that come with hybrid breeding place it at the center of transforming the world of the tomato seed market.
Insights into Cultivation Mechanism
Open field cultivation is well on its way to becoming the most dominant mechanism for cultivation in the Global Tomato Seed Market for some very compelling reasons. Firstly, the open field method is scalable and affordable, allowing farmers to produce tomatoes on a larger scale at relatively lower cost than in controlled conditions such as greenhouses. The technique uses natural sunlight, maximizing the photosynthesis process and resulting in healthy plant growth. Moreover, open field production supports sustainable and environmentally friendly methods of farming, eliminating the use of artificial lighting, heating, and cooling systems. This not only reduces production expenses for growers but is also attractive to sustainable customers. In addition, the open field permits natural cross-pollination of plants, promoting genetic variety and resilience. As the popularity of tomatoes increases worldwide, the efficiency, convenience, and sustainability of open field production place it as the leading option in developing the future of the world tomato seed industry.
Regional Insights
Asia-Pacific is likely to take over the Global Tomato Seed Market for a number of compelling factors. To begin with, the region has a large and varied agricultural terrain, which offers the best place to plant tomatoes. Coupled with diverse climates and rich soils, Asia-Pacific countries can support various kinds of tomatoes to suit different needs in both local and global markets. Furthermore, population expansion in the region and shift towards a healthy living diet favor higher demand for tomatoes. Strategic position of the Asia-Pacific location further makes it an important supplier of tomatoes to its neighboring markets. In addition to this, better agricultural practices and technology along with government programs assisting the farming community improve tomato seed production in terms of quantity as well as quality. Consequently, Asia-Pacific becomes a leader in the world market for tomato seeds, boasting a combination of excellent conditions, demand in the market, and advanced farming practices.
Recent Developments
Bayer launched new tomato varieties in September 2020 for widespread trials in Mexico. The newly introduced varieties are one of a kind, featuring a variety called Roma, which has resistance to the Tomato Brown Rugose Fruit Virus (ToBRFV).
Synginta acquired a 100 percent equity interest in California-based seed breeder Woodbridge Seed, LLC, which deals in processing tomatoes, in July 2020. This acquisition is strategic, and it situates Synginta to be in the process tomato market in the world that is important and offers a worth-while entry opportunity and expansion and market visibility.
