July 30, 2012 05:08 ET

Market Research Shows That Global Seed Market Grew at a CAGR of 5.6%

ROCKVILLE, MD--(Marketwire - Jul 30, 2012) - has announced the addition of the new report "Global Seed Industry Outlook to 2016 -- Rapid Emergence of Genetically Modified Seeds," to their collection of Agriculture market reports. For more information, visit

The global seed market has grown at a CAGR of 5.6% during the period 2005-2011. This growth was primarily supplemented by the remarkably rising population and inflating agricultural commodity prices, especially during the year 2007 and 2008. Moreover, an increasing adoption rate of genetically modified crops throughout the globe has supplemented the sales value of the seed market in the recent past. In addition, increasing production of bio-fuel across the major economies with an objective to generate an alternative for the scarcity of traditional fuel has inclined the demand for corn seeds and oil seeds.

It has been observed in the recent past that the demand for commercial seeds was primarily generated in the emerging markets of Latin America such as Brazil, Eastern European countries, Asian countries such as India, China, Korea and several others south east Asian countries.

The key success factor still remains associated with the technological developments and the innovation of new and improved seeds with specialized traits such as drought tolerant seeds.

For more information, visit

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