The global tomato seed market size is expected to reach USD 231.82 million in 2024 and reach USD 355.04 million by 2029, growing at a CAGR of 8.1% from 2024 to 2029.
The tomato seed market undergoes an increasing demand for upcoming varieties, including snack and mini plum tomatoes. Besides other vegetable seeds, tomato seeds experience the highest replacement rate of almost 99%. Recently, the demand for the production of greenhouse tomatoes has been increasing globally, leading to an increase in tomato seed market growth.
The rising demand for hybrid seed adoption acts as one of the significant factors for the growth of the tomato seed market. Most of the population globally has increased the consumption of vegetables due to the growing awareness regarding high nutritional value. Additionally, with an overall increase in disposable income and lifestyle standards, processed foods significantly impacted the market. As a result, the demand for processed products of tomatoes including soups, pasta sauces, juices, and curries, is increasing day by day. Furthermore, the increasing awareness among farmers regarding the benefits of cultivating hybrid seeds also boosts the tomato seed market growth during the forecast period.
High prices of pests & diseases, inputs, postharvest losses, and marketing are major restraining that hampers the tomato seed market growth. In addition, most of the farmers were adopting hybrid cultivation, leading to the increase in costs for necessary products for cultivation that majorly hindered the tomato seed market growth in the upcoming years.
Enormous costs of inputs, lower product prices, pesticides & diseases, and difficulties associated with the procedure of tomato seeds are the significant challenges that slow down the tomato seed market growth shortly.
COVID-19 disrupted the global economy in unprecedented ways. Lockdown restrictions and a ban on flights disturbed the shares of the market to an extent. Tomato seed market players faced many difficulties during the pandemic there is a complete ban on the movement. However, on some days government released some set of guidelines to allow essential services that surged the growth rate of the market. Tomato seeds market size is estimated to have a significant growth rate in the coming years.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.1% |
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Segments Covered |
By Type, Growing Technology, By Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF S.E Bayer Crop Science S.E (Seminis) Groupe Limagrain Rijk Zwaan Zaadteelt en Zaadhandel B.V UPL Limited (Advanta Seeds) Sakata Seeds Corporation East-West Seed International Namdhari Seeds Private Limited Takii & Co Limited |
Depending on the type, the tomato seed market is segmented into open-pollinated varieties and hybrids. Open-pollinated seeds produce plants genetically equivalent to the parent plant, whereas the cross-section of two pollinated varieties produces combinations. Open-pollinated varieties tend to have the largest market share due to their nature of being grown. Naturally, that would never cause any health complications.
Based on growing technology, the tomato seed market is segmented into protected cultivation and open-field cultivation. Among these, protection cultivation technology holds the highest demand and continues during the forecast period. Most farmers were adopted to preserve cultivation yield since, in polyhouse cultivation, crops are protected from seasonal changes. Coming to open house cultivation, the crops were not covered, and there was a high risk of contamination and evaporation loss. On the other hand, polyhouse cultivation ensures the increase in production of vegetables, maintains color & quality, helps protect the crops from outer birds & animals; crops can be grown throughout the year and helps prevent the crops from getting damaged by insects & pests. Polyhouse cultivation also majorly helps in increasing the yield by 5 to 10 times. Owing to these factors, polyhouse cultivation plays a dominant role in the tomato seed market.
The Asia Pacific predominantly holds the highest tomato seed market share due to the escalating high-intensity cultivation of tomatoes. On the other hand, China tends to be the largest shareholder in APAC, accounting for almost 43% due to the increasing demand for processed foods, including pasta sauces, ketchup, and many more. Moreover, farmers are investing in protected cultivation and also other cultivation processes, including drip irrigation and plastic mulching, which led the tomato seed market to grow in APAC. At the same time, North America is to witness steady growth rates during the forecast period, and Europe is anticipated to have a significant CAGR, respectively. On the other hand, the increasing consumption of organic food and the growing population led the tomato seed market in the Middle East & Africa to grow with a significant CAGR during the forecast period.
BASF S.E, Bayer Crop Science S.E (Seminis), Groupe Limagrain, Rijk Zwaan Zaadteelt en Zaadhandel B.V, UPL Limited (Advanta Seeds), Sakata Seeds Corporation, East-West Seed International, Namdhari Seeds Private Limited, Takii & Co Limited. Some of the market players dominate the global tomato seed market.
By Type:
By Growing Technology:
By Region
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