The modest growth of the agricultural sector, increase in export of agricultural crops, rise in number of organic farmlands, increase in average farm income of farmers, has been the key factors supporting growth in Australia Seed Market.
The report titled “Australia Seed Market by Technology Type (Open Pollinated, Hybrid and Genetically Modified Seeds) by Crop Type (Wheat, Barley, Oats, Pulses, Sorghum, Maize, Rice, Triticale, Oilseeds, Potato & Other Vegetables) – Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in Australia seed market due to growth of agriculture sector, increase in export of agricultural crops, increasing popularity of organic farming and rise in use of GM seeds in next 5 years till 2022.
Majority of the demand in the Australian seed market is from wheat, barley, oats, pulses, sorghum, maize, rice, triticale, oilseeds, potato & other vegetables seeds. Demand for open pollinated seeds was the highest, followed by hybrid and genetically modified seeds. The key growth drivers of the seed market have been the growth in export of agricultural crops to Asian and Middle Eastern countries, rise of area under cultivation in the country, increase in number of organic farms. Owing to all these factors the seed market has witnessed modest growth in the country.
The Australian seed market is dominated by the presence of global players. However, the indigenous players are also gradually increasing their presence in the country. These indigenous players are focusing on producing hybrid seeds that are resistant to native diseases. The seed market is to a great extent dependant on import of seeds. The export of seeds by indigenous companies is also substantial. The farms in Australia are majorly owned and operated by families. There also exist a number of associations that are working towards a common goal of facilitating growth in the agricultural and the seed industry of the country. Popularity of organic farming is growing in the country and country has huge potential in the future.
Key Topics Covered in the Report:
Grain Seeds Exports from Australia
Land under Cultivation in Australia
Monsanto Seed Production Australia
DuPont Australia Revenue from Seed
Rijk Zwaan Seed Production Australia
Government Regulations in Australia Seed Market
For more information on the research report, refer to below link:
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Ankur Gupta, Head Marketing & Communications