The growth in the seed industry of Germany can be attributed to the increase in production of corn, wheat, barley and other cereal and forage crops, increase in demand for organically produced food products and extensive support by the government through friendly policies & collaborations.
Majority of the demand in the German Seed Market is for cereal crops like corn, wheat, barley and forage crop seeds. There is high demand for rapeseed, sugar beet, sunflower, grape seeds in the market as well. The use of genetically modified crops is restricted in Germany and the country has tough regulations for the release of GMOs. Germany is one of the largest exporters of cereal crops in the European Market. The key growth drivers of the seed market have been the considerable increase in production of corn, wheat, barley, rapeseed and sugar beet in the country. Germany is Europe’s largest producer of rapeseed. With the use of newer hybrid seed the total yield per hectare has also increased in recent years.
Global conglomerates like BASF, DuPont, Monsanto, Syngenta dominate the German seed market. Some of the indigenous players in the country also contribute a considerable share to the overall seed market. There is high demand for organically produced food in the German market; owing to this companies are extensively focusing on producing seeds suited for organic farming. The seed market in Germany is largely export oriented. International collaborations of the Federal government have lead to development of agriculture sector and capacity building, which has in turn benefitted the overall seed market by providing companies a global platform to expand into geographies. Companies in Germany are developing seeds specifically intended for the condition in other countries. Owing to all these factor, collaborations and initiatives the German seed market has grown substantially in recent years.
The report titled “Germany Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Corn, Wheat, Barley, Oats, Oilseeds, Forage, Vegetable, Fruit, Flower and Grass Seeds) – Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in Germany seed market due to increase in export of cereal and forage crops, increase in consumption of organically produced products and collaboration made by the Federal government for development of agriculture sector, in the next 5 years till 2022.
For more information on the research report, refer to below link:
Related Reports by Ken Research
Philippines Seed Industry Outlook to 2021- Rising Government Support to Improve Agriculture Sector with Demand for Hybrid Seed to Foster Growth
India Seed Market Outlook to FY’2020 – Rapid Hybridization and Increased Government Support to Foster Future Growth
France Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Corn, Wheat, Barley, Rapeseed, Sunflower, Sugar beet, Soybean, Fruits & Vegetables and Flower Seeds) – Outlook to 2022
Ankur Gupta, Head Marketing & Communications