The global vegetable seeds market size is expected to reach USD 10.48 billion by 2027, exhibiting a CAGR of 7.8% between 2020 to 2027. The growing cognizance about the benefits of vegetables in weight loss and management can be a vital factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Vegetable Seeds Market Size, Share & Industry Analysis, By Type (Open Pollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2020 – 2027” the market size stood at USD 5.78 billion in 2019.
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Growing Popularity of Hybrid Seeds to Boost Market Development
The growing inclination towards hybrid vegetables over non-hybrid vegetables among consumers owing to its nutrition, taste, color, size, quality, flavor, and shelf-life will subsequently enable the growth of the market during the forecast period. The application of hybrid vegetable seeds to prevent the crops from different types of environmental stress such as insects, plant diseases, and others will further foster healthy growth of the market. The adoption of hybrid seeds by farmers for higher crop yields and consistent performance throughout will contribute positively to the growth of the market. Nonetheless, the emergence of major seed companies will boost the supply of quality seeds, which, in turn, will bode well for the market in the foreseeable future.