A fruit or vegetable seed is a tiny, immature plant with an outer layer protecting it. The development of seeds was fueled by evolution, and for many plants and animals, seeds can be a crucial component of their survival strategy. Most seeds are produced by angiosperms, or blooming plants, which make up over 80% of all plant species on Earth.
Europe Fruit and Vegetable Seeds Market Driving Factors and Challenges
The Europe Fruit and Vegetable Seeds Market is witnessing a surge in demand due to several driving factors:
• Declining amount of arable land and rising population: Recently, there has been a surge in the global demand for vegetable seeds as consumers' desire for meals with higher nutritional qualities and health advantages has grown. In rising countries, the need for hybrid vegetable seeds is primarily driven by causes such as changing weather patterns, technology-driven agriculture, nutritional diversification, and shrinking arable land.
• Growing concern about food security and the use of genetically engineered crops: In an effort to boost agricultural productivity, farmers are turning more and more to genetically modified crops, which is driving up demand for fruit and vegetable seeds. Additionally, the least developed regions of Africa and Asia are seeing potential in the market for fruit and vegetable seeds due to initiatives by organisations like the U.N. Food and Agriculture Organisation (FAO) to increase yields and attain food security. The consequences of urbanisation and consumers' increased inclination towards organic food products are further factors propelling market expansion.
There are certain restrictions and challenges facing the market. These include regulations controlling the production of genetically modified crops, the lengthy process of developing new characteristics for plant biotechnology, and variations in weather patterns. There have been more instances of phoney labelling and seed packets being sold in underdeveloped countries. One of the main causes of the problem is that low-income farmers cannot afford to buy large quantities of seeds. This makes it possible for the vendors to dismantle the bags, repackage them in lesser quantities, and sell them loose. Adulteration is now possible because of this.
Impact of COVID-19 on Europe Fruit and Vegetable Seeds Market
The market for fruit and vegetable seeds in Europe has seen conflicting effects from the COVID-19 outbreak. Although initial supply chain and logistical disruptions made seed distribution difficult, growing consumer consciousness about food security and health has increased demand for urban farming and home gardening, which has boosted seed sales. But labour shortages and economic uncertainty have made production and distribution difficult, which has affected the trajectory of the market's overall growth. In order to navigate the current pandemic's consequences on the market, stakeholders must continue to ensure robust supply chains and adjust to shifting consumer preferences.
Europe Fruit and Vegetable Seeds Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Advanta Limited, Bayer CropScience AG, Groupe Limagrain, Mahindra Agri, Mahyco, Monsanto Company, Sakata Seed Corporation, Syngenta AG, Takii & Co Ltd, Western Bio Vegetable Seeds Ltd, Others.
Europe Fruit and Vegetable Seeds Market Segmentation:
By Trait: Based on the Trait, Europe Fruit and Vegetable Seeds Market is segmented as; Conventional crop seeds, GM.
By Type: Based on the Type, Europe Fruit and Vegetable Seeds Market is segmented as; Brassica, Cucurbit, Leafy, Root bulb, Solanaceae, Other seeds.
By Form: Based on the Form, Europe Fruit and Vegetable Seeds Market is segmented as; Inorganic, Organic.
By Farm Type: Based on the Farm Type, Europe Fruit and Vegetable Seeds Market is segmented as; Indoor, Outdoor farms.
By Region: This research also includes data for Denmark, France, Germany, Italy, Netherlands, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.